World Real Estate News

Four years ago, India's Tata Group paid $2.3 billion for British luxury car maker Jaguar and Land Rover.

Now, India's multi-industry conglomerate is going after another luxury brand, Orient-Express, in a hostile bid takeover attempt.

Tata Group controlled Indian Hotels Company Ltd., which already owns a small stake in Orient-Express, recently made an unsolicited $1.2 billion bid for the luxury hotels and travel group - two months after Indian Hotels was rebuffed by Orient-Express directors when it sought a "closer alliance" through a significant equity investment, according to a report by Reuters.

Indian Hotels has 99 hotels in 56 locations across India and 16 international hotels including the Pierre Hotel in New York.

Rosewood Hotels & Resorts is bringing its upscale hotel brand to China.

The Dallas-based company recently announced its first property, Rosewood Beijing, will be opening next summer. The 279-room Rosewood Beijing will spearhead the company's ambitious Asia expansion plans.

Within the next five years, Rosewood Beijing will be the precursor to 10 Asian resort properties in operation or development, according to Rosewood officials.

The hotel will be located in the central business Chaoyang District, opposite the iconic CCTV Tower.

Designed by Melbourne-based Bar Studio, the ultra-luxury property will represent a number of firsts for both Rosewood Hotels & Resorts and Beijing.

China's Forbidden City has a new neighbor. Or, 220 new neighbors, thanks to the opening of the Imperial Mansion, Beijing - Marriott Executive Apartments.

Marriott International just opened the newest 220-unit apartment, marking its fifth extended stay property in China. The Imperial Mansion, Beijing - Marriott Executive Apartments is located within the capital city's busy central business and leisure district, next door to the Forbidden City, the world's largest imperial palace.

Marriott International's Executive Apartments brand is designed for extended stay travelers, and offers the "convenience of a five-star, full-service hotel with the space, ambience and privacy of residential living to enable a comfortable stay while living away from home."