Hotel News We Noted: October 13, 2012

Welcome to our first weekly roundup of Hotel News We Noted, inspired by Gadling, a compendium of clicks, posts, and fun packages we spotted each week. We track the week’s most interesting hotel stories and trends. If you have a tip, send it over – we’re hoping to target this section to the news and notable events you as readers find most interesting.

Starwood Hotels and Resorts Worldwide

Starwood Hotels and Resorts Worldwide Inc., the world’s biggest operator of high-end business and leisure accommodations, has taken the first step to re-enter the booming Philippine market, signing a preliminary agreement with Resorts World Manila on a five-star hotel project at the latter’s Pasay City development.

Best Western

Best Western has expanded its portfolio of hotels in the Philippines with a new hotel in Angeles.

Best Western The Mint Hotel is located on Fields Avenue, in the heart of the Balibago tourist district.

The eight-story hotel offers 52 rooms all including flat-screen HD TVs with cable channels, minibars, work desks and complimentary Wi-Fi. The café-restaurant offers complimentary buffet breakfast while other hotel facilities include laundry and car rental services.

Kingdom Holding

Saudi Arabia’s Kingdom Holding 4280.SE, the investment firm of Saudi billionaire Prince Alwaleed bin Talal, sold its interest in the Fairmont Hotel and Raffles Suites & Residences in Manila for 218 million riyals ($58.1 million).

The deal was signed with a unit of the Philippines’ Ayala Land Inc (ALI.PS) and earned an estimated profit of 22 million riyals.

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