Starwood Signs Portugal Resort

Starwood Hotels & Resorts Worldwide, Inc. has signed Sheraton Cascais Resort in Portugal this week. The property will join the Sheraton brand on February 24th of this year, under a franchise agreement with Starwood. Owned and managed by United Investments Portugal for the time being, Sheraton Cascais Resort will complement the two existing Sheraton properties in Portugal— Sheraton Lisbon Hotel & Spa and Sheraton Porto Hotel & Spa. [Read more…]

Diamond Resorts International

Diamond Resorts Completes Intrawest Acquisition

Diamond Resorts announced yesterday the completion of its acquisition of Intrawest Resort Club Group from Intrawest Resort Holdings, Inc for $85 million—an agreement that began back in November. The transaction includes the management contracts with Club Intrawest, the current balance of notes receivable, approximately four acres of undeveloped land, and the current balance of points available for sale. [Read more…]

Karma Royal Group

Introducing Karma Club

Karma Group is an international travel and lifestyle brand consisting of 23 locations, spanning four continents. The company has now expanded its portfolio by creating the Karma Club. Karma Club will be an exclusive Members Club that offers exclusive invitations to VIP experiences and special events at various Karma locations throughout the year. These experiences might include winter wonderland skiing trips in Bavaria, grand prix motor racing weekends, music festivals and seasonal holiday events. [Read more…]

classic hotels and resorts logo

Classic Hotels & Resorts Buys First Scottsdale Renovation Project

Classic Hotels & Resorts acquired the FireSky Resort & Spa in Scottsdale, Arizona for $62.5 million. The company’s representatives said they will take over the hotel in April, with plans to renovate the hotel with new guest rooms and dining concepts among many other updates. [Read more…]