DALLAS-Rosewood Corp. and Maritz, Wolff & Co. has soldRosewood Crescent Hotel and Rosewood Mansion on Turtle Creek in a$570 million deal, which includes the sale of three other assets,to the family of Hong Kong investor Cheng Yu-tung. New WorldHospitality purchased Rosewood Hotels & Resorts, whichadministered the two hotels, for $229.5 million.
The Carlyle hotel in New York, Rosewood Little Dix Bay in theBritish Virgin Islands and Rosewood Inn of the Anasazi in NewMexico were the other properties. For the full story, go toDallas Business Journal .
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