According to this USA Today article, Colony Capital is purchasing the Raffles Hotel Group.
Colony has been on a buying spree lately, picking up the Las Vegas Hilton among other properties. Raffles is one of the best known luxury hotel brands in the world.
This could have interesting implications for a Raffles in Las Vegas... I also believe that there was talk of Raffles running one of the properties in Las Vegas Sands' Cotai Strip development in Macau.
"Los Angeles-based Colony Capital said Monday it has agreed to buy the iconic Raffles Hotel in Singapore and 40 other properties owned by parent Raffles Holdings."