Hotels & Resorts

Montage Laguna Beach Sells for $360 Million

The Montage Laguna Beach, one of California's most luxurious resorts, has been bought for $360 million by a Chicago real estate investment trust in one of the priciest hotel deals in years. The deal works out to a cost of $1.4 million per room, and "shattered the price barrier for California hotels by a wide […]

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Starwood Hotels to Surpass Milestone in North America

Starwood Hotels & Resorts Worldwide, Inc., expects to surpass its 600th hotel milestone in the next two months. Growth is being driven by the rapid expansion of the chain's Specialty Select Brands, the continued growth of its Upper Upscale brands and increased demand for luxury offerings.  “North America remains one of Starwood’s most important global […]