Hospitality Industry News
Best Western Hotels & Resorts has inked a master franchise agreement with Delhi-based Sorrel Hospitality. Led by a team of seasoned hospitality industry veterans with extensive experience building and managing hotel portfolios, Sorrel will be responsible for Best Western’s future positioning, growth and development across India, Bangladesh &
Hospitality Industry News
China’s insurance regulator is opposed to multi-billion dollar bids by financial conglomerate Anbang for Starwood Hotels and a stable of properties owned by hedge fund Blackstone, according to respected business magazine Caixin. Anbang has offered nearly $13 billion for Starwood, owner of the Sheraton and Westin brands, as
Hospitality Industry News
Moxy Hotels, the new brand in Marriott International’s luxury and lifestyle portfolio, opened its latest hotel in Munich. The brand claims to “boldly reinvent the select-service hotel paradigm offering a spirited experience – to fully embrace today’s Next Generation traveller and to show the world what ‘moxie’ really
Hospitality Industry News
Westin Hotels & Resorts introduces the Westin Sleep Well Menu, available 24 hours a day, seven days a week at the brand’s more than 200 hotels and resorts around the world. Recommended by the experts at SuperFoodsRx, the items on the Westin Sleep Well Menu are said to be
Hospitality Industry News
Japan’s nationwide commercial land prices rose for the first time in eight years in 2015, driven by expectations that growing demand for hotel and retail spaces would boost property values, a government survey showed. Prices rose 0.9 percent last year after staying flat in 2014, according to the
Hospitality Industry News
European travel and airline stocks fell after the Brussels airport attack, Reuters reported. The STOXX Europe 600 Travel & Leisure index fell 2.2 percent, the top sectoral faller after explosions tore through the departure hall of Brussels airport on Tuesday morning. Shares in airlines easyjet, Air France-KLM, Ryanair
Hospitality Industry News
Starwood has set a March 28, 2016 as the date for the proposed spin-off of its vacation ownership business, Vistana Signature Experiences. As previously announced, immediately following the spin-off, Vistana will merge with a wholly owned subsidiary of Interval Leisure Group.
Hospitality Industry News
Priceline group said Booking.com will offer instantly bookable hotel properties for certain US citizens travelling to Cuba.
Hospitality Industry News
Marriott International has been given approval by the Office of Foreign Assets Control of the US Department of the Treasury to pursue a business transaction in Cuba. The company said it is in discussions to develop a hospitality relationship with potential partners. The announcement was made during President Barack Obama’
Hospitality Industry News
Marriott International has made a roaring comeback in its battle to build the world’s biggest hotel group, winning Starwood’s green light for an improved bid and pushing Chinese rival Anbang to the side-lines, Agence France-Presse reported. Only days after Starwood dumped Marriott as a merger partner
Hospitality Industry News
Outrigger Enterprises Group today rebrands OHANA Hotels and Resorts as OHANA Hotels by Outrigger, representing the company’s mid-tier, off-beach leisure brand with the brand promise of “Local hospitality and convenience in paradise.” The new name and logo is part of Outrigger’s overall corporate brand strategy introduced
Hospitality Industry News
Marriott International issued the following statement regarding its proposed Starwood merger acquisition: Marriott International, Inc. has been informed by Starwood Hotels and Resorts Worldwide, and Starwood has announced publicly, that the Starwood Board of Directors has determined that it considers an Anbang consortium proposal to acquire Starwood to be a