Management Portfolios Grow: Crescent Hotels & Resorts; HVMG; More

INTERNATIONAL REPORT—Hotel Business has been rounding up management news. Here’s what we found:

Crescent Hotels & Resorts Adds Marriott St. Louis West Hotel
Crescent Hotels & Resorts has been selected to manage the 299-room Marriott St. Louis West hotel. The property has ergonomic workstations and complimentary WiFi in rooms; an on-site fitness center; indoor and seasonal outdoor pools; and more than 21,000 sq. ft. of meeting space across 15 event rooms for business meetings, conferences, weddings and other events.

HVMG Assumes Management of Property in Ft. Lauderdale, FL
HVMG has taken over management of the 263-suite Sheraton Suites Plantation in Fort Lauderdale, FL. The hotel recently was acquired by Everwood Hospitality Partners for $24.66 million from PHF Plantation LP, an affiliate of San Francisco-based Fillmore Capital Partners. 

PNB to Manage First Park Hyatt in Kuala Lumpur

A Hyatt affiliate has entered into a management agreement with PNB Merdeka Ventures Sdn. Berthed, an owned subsidiary of Permodalan Nasional Berhad (PNB) and Malaysia’s largest fund-management company, for the first Park Hyatt hotel in Kuala Lumpur, Malaysia.

Set to open in 2021, Park Hyatt Kuala Lumpur will occupy the top 17 floors of the 118-floor Merdeka PNB 118 tower, expected to become the third tallest building in the world upon completion.

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