Starhill ‘in talks’ to buy 3 Aussie Marriotts: Starhill Real Estate Investment Trust is in talks to buy the Sydney Harbour Marriott Hotel at Circular Quay, Melbourne Marriott Hotel and Marriott Brisbane for A$400 million (US$393 million), according to an anonymous source.
Read more at The Wall Street Journal
Seiyo Ginza to close next year: The 77-room Hotel Seiyo Ginza, located in Tokyo, is set to close next year as the property has been sold.
Read more at The Daily Yomiuri
Scotland hotel revenues now trail UK: Hotel revenues in Scotland have flipped positions and now trail the rest of the U.K., according to a new PKF study.
Atlantic City profits up 17% in Q1: Casino profits in Atlantic City rose 17% yearon-year in the first quarter of 2012.
Read more at Press of Atlantic City
LaSalle closes $177 million loan: LaSalle Hotel Properties closed a US$177.5 million loan on Friday.
Tauranga hotel rebrands: Sebel Trinity Wharf, located in Tauranga, New Zealand, is leaving Mirvac and rebranding as the Trinity Wharf Tauranga.