Kim Woinski

Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace.

Activist investor Tarsadia Capital sent a letter to the Board of Directors of Sunstone Hotel Investors calling on them to maximize value for shareholders. Plus, more deal and development news.

Mandarin Oriental has confirmed that it will no longer proceed with the management of the San Clemente Palace, Venice, under the previously announced agreement. Plus, more deal and development news.

The JW Marriott Hotel Tokyo will open its doors on October 2nd in the Takanawa Gateway City development. Plus, more hotel deal and development news.

A soft brand for independent hoteliers, Mayfield, will launch from the creators of Magnuson Hotels. Plus more hotel deal and development news.

Canada's domestic visitor spending is projected to grow more than 8.3%, more than double the year-on-year growth from last year. Plus, hotel deals and development news.

W New York Union Square reopened following a $100 million re-imagination of its 256 rooms and facilities. Plus other hotel deal and development news.

The latest in hotel deal and development news.