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China's Anbang abandons $14bn bid to buy StarwoodChina's Anbang Insurance Group Co said it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide, paving the way for Marriott International to buy the Sheraton and Westin hotels operator. More… |
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Saudi-backed JJW hotels to pay $133m fineA French court has ruled that Saudi-backed JJW Hotels & Resorts will have to pay 100 million euros ($133.7 million) to Starwood Capital to settle a dispute involving the sale of Le Crillon, one of the world's landmark hotels. The U More… |
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Aloft Hotel to open in time for Abu Dhabi F1Just 11 months after the main construction began, the Aloft Hotel will welcome its first guest next week during the inaugural Etihad Airways Abu Dhabi Formula One Grand Prix. Hotel owner, Abu Dhabi National Exhibitions Company (Adnec) and More… |
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Adnec plans first exhibition lifestyle hubAbu Dhabi National Exhibition Centre (Adnec) said it is working to create the world’s first fully connected exhibition lifestyle destination with the help of two of the leading hospitality groups - Starwood Hotels and Resorts Worldwide and Hyatt. More… |
