Hotel News: HK's Cheng Buys NY's Carlyle; Swire's Largest Property Deal; Grace Hotels Buys Beijing's Yi House
A roundup of this weekend's hotel news, from billionaire Cheng Yu-tung's purchase of hotels including Manhattan's Carlyle, the upcoming relaunch of Beijing's Yi House Hotel, and Swire's $2.4 billion sale of the Festival Walk complex in Hong Kong.
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