Sale of Le Méridien Etoile considered: CBRE Hotels reported on Monday that it has been selected to advise on the potential sale of the 1,025-room Le Méridien Etoile in Paris, the largest hotel by room number in France.
Kyoto Grand sells for $45 million: The Kyoto Grand Hotel and Gardens in downtown Los Angeles was bought on Friday by UBS Realty Investors from 3d Investments for US$45 million. The 434-room hotel will be rebranded as a Doubletree.
Driftwood buys Delaware hotel: Driftwood Hospitality Management announced on Monday the US$12 million purchase of the Doubletree by Hilton Downtown Wilmington Legal District in Wilmington, Delaware.
Hilton Worldwide earns green certification: Hilton Worldwide announced on Monday that it earned ISO 2001 certification for quality management systems and ISO 14001 certification for environmental management systems across its portfolio.
Sunstone refinances debt: Sunstone Hotel Investors Inc. announced on Monday that it refinanced its US$270 million mortgage loan on the 460-room Doubletree Guest Suites Times Square.