The new facility has a five-year tenor with two one-year extension options to be exercised in 2019 and 2020.

The 280-room resort plans to use the closure for a $3 million renovation and conversion program in several junior suites and the main restaurant.

Mandarin Oriental, Grand Cayman will be an exclusive 100-room beachfront resort with 89 branded Residences at Mandarin Oriental.

Marriott has plans for a significant renovation covering the downtown Phoenix hotel’s guest rooms and public space to transform the property into a cutting-edge model for the Sheraton brand.

Meliá Hotels International has announced the signing of Gran Meliá Chengdu in partnership with Chengdu Renju Tourism & Hospitality.

Marriott International chief executive, Arne Sorenson, pushed Marriott’s move from its current suburban location to a walkable, transit-oriented environment.