News in brief: Staybridge, Fibra, Ascott

Staybridge to enter Saudi Arabia:  IHG announced that its Staybridge Suites brand will enter Saudi Arabia after it signed an agreement with Dyafah Al Mutahida LLC to open the 200-room Staybridge Suites Hira Street, located in Jeddah.

Read more at 4-traders


Fibra Inn buys hotel in Mexico:  Fibra Inn announced that it bought the 100-room Holiday Inn Express Guadalajara UAG for 186.9 million pesos (US$15.5 million) and plans to add 99 guestrooms to the property.



Ascott enters Saudi Arabia:  The Ascott Limited is set to enter Saudi Arabia after securing a management contract for the 230-unit Ascott Olaya Riyadh, is slated to open near the King Abdullah Financial District in 2015.


Starwood adding solar power to 3 hotels:  Starwood Hotels & Resorts Worldwide announced on Friday that it signed an agreement with NRG Energy Inc. to add solar power to three hotels, starting with the Westin St. John in the U.S. Virgin Islands.

Read more at Starwood’s website


NYC’s Helmsley Park Lane to be sold:  The estate of Leona Helmsley is reportedly set to put up the 596-room The Helmsley Park Lane, located in New York City, up for sale for possible conversion to condos.

Read more at The Wall Street Journal


PM expands in California:  PM Hospitality Strategies announced that it signed a management contract to operate the 140-room Homewood Suites by Hilton Oakland-Waterfront.