The deal is expected to be finalized next year.
Sonesta, a family-owned business started by Boston realtor and financier A.M. Sonnabend in the 1940s, entered into talks with Hospitality Properties Trust while it was looking to expand the brand in the United States. The original idea was to partner with a company that owned hotels Sonesta could operate, but the faltering economy made that plan less feasible. By becoming part of the trust, Sonesta could manage existing hotels in the firm’s portfolio, or new ones as they are added, company officials said.
“It was very difficult for us to expand because there were very few hotel transactions happening,’’ said Stephanie Sonnabend, chief executive of Sonesta and granddaughter of its founder.
Coulter's father said his daughter arrived in Miami late Monday and went straight to a hotel. Mel Coulter said her release brings a mix of joy and sorrow 
And then Monday evening, after Clark went back to his hotel at the end of a long day of physical examination (which he passed) and get-acquainted 
Bringing an end to their stay in the Sunshine State, Kourtney and Khloe Kardashian were spotted leaving their Miami hotel on Sunday morning (March 7). 
Bridge, who withdrew his name from the England World Cup squad over the Terry saga, checked into a £10000-a-night suite at Miami's Setai Hotel. 
Keeping herself in fine form, Kourtney Kardashian was spotted out for a workout session on Miami's South Beach on Monday afternoon (March 8). 
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