Oct 6 (Reuters) - Hilton Worldwide Holdings Inc said it would sell the landmark Waldorf Astoria New York hotel to Chinese insurer Anbang Insurance Group Co Ltd for about $1.95 billion. Waldorf Astoria New York is the flagship hotel of the company's luxury brand, Waldorf Astoria Hotels & Resorts.
Toronto’s Park Hyatt, one of the city’s most expensive hotels, is in the final stages of being sold, adding yet another high-end property transaction to Canada’s most expensive retail district, the Financial Post has learned.
The 346-room hotel, where rack rates start at $289 per night, is located in Toronto’s exclusive Yorkville district, adjacent to what has long been referred to as the Mink Mile, home to some of most expensive retailers, and rental rates, in Canada and the world.
MEMBERS of the National Rifle Association (NRA), America's powerful gun lobby, can earn valuable discounts at Best Western and Wyndham hotels—just as, for example, an American Automobile Association member might save 10% at Hyatt hotels. Now anti-gun activists are targeting Best Western and Wyndham for their support of the NRA, as Hugo Martin of the Los Angeles Times recently reported:
MGM Resorts International and Cadillac Fairview upped the ante in Toronto’s casino wars on Wednesday by unveiling their vision for Exhibition Place that includes up to 1-million square feet of retail, a C-shaped hotel and a new footprint for the Canadian National Exhibition.
Michael Rosenfeld, owner of the Hyatt Regency Century Plaza in Century City, says a partnership he heads will redevelop the historic hotel on Santa Barbara's waterfront.The owner of the Hyatt Regency Century Plaza in Century City has purchased another landmark inn: the Hotel Californian in Santa Barbara.
The $1.5-billion project by owner Michael Rosenfeld, who had originally planned to raze the Space Age hotel in Century City, would be one of the largest real estate developments on the Westside in decades.
After backing down from a contentious proposal to demolish the Hyatt Regency Century Plaza hotel, the owner has unveiled plans to construct a high-rise real estate development next to the Space Age landmark that would transform the tenor of Century City's streets and dramatically alter the