Hospitality Industry News
Amsterdam, Netherlands – 11 April 2017 – Strabag unit Zueblin is building the Congreshotel & Residential Tower Overhoeks in Amsterdam. The project comprises a 110-metre hotel tower with 579 rooms as well as a 101-meter residential tower with more than 230 apartments. Operator will be the German hotel group Maritim. 1 Congreshotel
Hospitality Industry News
Pyongyang, North Korea – 11 April 2017 – North Korea’s most famous luxury hotel has reopened after renovations that modernised its 1980s, vaguely Soviet, style. 1 Koryo Hotel Pyongyang The Koryo is one of Pyongyang’s best-known and most visible landmarks, with its twin towers in the centre of the capital.
Hospitality Industry News
Hunan, China – 6 April 2017 – China’s Huatian Hotel Group elects Jiang Liya as chairman.
Hospitality Industry News
Chicago – 6 April 2017 – Hyatt Hotels Corp CEO Mark S. Hoplamazian’s 2016 total compensation was US$10.7 million versus US$7.1 million in 2015, Reuters reported. 1 Mark S. Hoplamazian
Hospitality Industry News
Hong Kong – 6 April 2017 – Hong Kong may soon get its first billion-dollar startup, thanks to a 25-year-old entrepreneur whose company leases phones to travellers, Bloomberg reported. 1 Tink Labs Ltd is in the process of raising about US$40 million and aiming for a valuation of more than US$
Hospitality Industry News
New York City – 5 April 2017 – The Associated Press issues a report on “solar eclipse mania” with destinations in the path of the August 21 eclipse, which will be visible in the US along a narrow path from Oregon to South Carolina, going wild with plans for festivals, concerts and
Hospitality Industry News
Paris, France – 5 April 2017 – AccorHotels signs a partnership deal with Unionpay International, which it says will help its Asian customers using its hotels in France, Reuters reported. 1 AccorHotels has enabled 85 pilot hotels in France that are popular among Asian tourists to accept UnionPay cards (card number starting
Hospitality Industry News
Philadelphia – 5 April 2017 – 1 Mark Sutton Carlson Rezidor Hotel Group names Mark Sutton as director of midscale development for the Northeast US. Sutton is based in Philadelphia and reports to Fred Schwartz, senior vice president, midscale development, Americas. Most recently, Sutton was vice president of business development at Ten-X
Hospitality Industry News
Paris, France – 4 April 2017 – Morgan Stanley is bullish on Accor’s “asset-light” model Morgan Stanley and raises the company to “overweight” on radical restructuring. Accor is transforming to an asset-light hotelier by selling the majority of its owned and leased hotels, Morgan Stanley says, adding this leaves a high
Hospitality Industry News
Bethesda, Maryland – 4 April 2017 – Host Hotels & Resorts says CEO W. Edward Walter’s total compensation for 2016 was US$9.4 million compared with about US$8 million in 2015, according to an SEC filing. 1 W. Edward Walter
Hospitality Industry News
Paris, France – 4 April 2017 – AccorHotels acquires VeryChic, a digital platform for the private sale of luxury hotel rooms and apartments, cruises, breaks and packages. 1 It says VeryChic offers, via its website and mobile application, more than 4,000 exclusive private sales at attractive prices to a member base
Hospitality Industry News
Shanghai – 30 March 2017 – Shimao Property Holdings and Starwood Capital Group announce that controlled affiliates of the two companies will establish a new hotel joint venture based in China. Under the terms of the agreement, the venture will be owned 51 percent by Shimao and 49 percent by Starwood Capital