News in brief: TownePlace Suites, InterContinental, Shangri-La

New leadership for TownePlace Suites:  Marriott International’s TownePlace Suites extended-stay brand is getting a new management team.

Read more at the Marriott News Center


NZ InterContinental sold to Colwall:  The 5-star InterContinental Hotel in Wellington, New Zealand was bought by a Chinese investment company for US$41 million (NZ$50 million).

Read more at The National Business Review


Shangri-La expands in China:  Shangri-La Asia Ltd announced that it signed an agreement to open a new 460-room hotel in Changsha, China in 2015.

Read more at EIN News


Miami hotel sells:  The budget 243-room Continental Bayside Hotel in downtown Miami sold on Monday for US$13.5 million.

Read more at the Miami Herald


Resorts World Manila plans 4 hotels:  Resorts World Manila announced that is plans to add four hotels to the property by 2015.

Read more at ABS-CBN News