Hospitality Industry News
Starwood Hotels & Resorts Worldwide has signed three hotel deals in Cuba, a first for a US hospitality company since the 1959 revolution on the communist-run island. Starwood said two of the hotels would open later this year and that it had signed a letter of intent for a
Hospitality Industry News
by Hilton Hilton Worldwide has broken ground on its first Tru by Hilton property located in McDonough, Georgia, United States. The celebration marked the fastest “brand announcement to ground-breaking” in Hilton history – less than eight weeks after Tru’s public debut. The 98-room, four-storey hotel is expected
Hospitality Industry News
1The Ritz-Carlton Hotel Company announced plans to unveil its first Ritz-Carlton Reserve resort in Bermuda in 2018. The resort will operate under a long-term management agreement with George’s Bay Hotel and George’s Bay Residences. The announcement marks a significant milestone for the development of Ritz-
Hospitality Industry News
New York’s Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported. David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure auction for April 26, Bloomberg said, citing a source. For sale are the Plaza’s hotel
Hospitality Industry News
Scandic Hotels is continuing to expand its Nordic hotel network by taking over the operation of the centrally located First Hotel Europa Aalborg from June 1, 2016. In conjunction with the takeover, the hotel will change name to Scandic Aalborg City.
Hospitality Industry News
Westin Hotels & Resorts will “celebrate the power of snooze” on World Sleep Day in partnership with World Sleep Society in Asia Pacific. It says the partnership reinforces the brand’s “renowned position for offering a quality night’s sleep on the road, at home and in the air”. Additionally,
Awards and Recognition
The Rezidor Hotel Group has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World’s Most Ethical Company for the seventh consecutive year. “The Ethisphere award is a great recognition of our efforts in creating and
Hospitality Industry News
Hilton Worldwide signs a management agreement with the Muscat National Development and Investment Company to open the 232-room Hilton Garden Inn Muscat – Al Khuwair, the company’s first hotel in Muscat and second in the Oman.
Hospitality Industry News
Hong Kong and Shanghai Hotels, operator of the Peninsula Hotel chain, said its net profit declined by 12.7 percent amid the weak performance of its Hong Kong hotel and renovation of its Beijing and Chicago hotels. Revenue declined by two percent to HK$5.74 billion, with the hotel
Hospitality Industry News
AccorHotels aims to open 17 more hotels in Thailand including eight in Bangkok plus another six in Myanmar through 2019, to take advantage of rising tourism in Southeast Asia, Reuters reported. The Paris-based group, which runs 60 hotels in Thailand and three in Myanmar, expects Bangkok to be its
Hospitality Industry News
In the wake of the battle between Marriott International and China’s Anbang Insurance Group to acquire Starwood, The Associated Press put out an informative snapshot of which hotel companies own what brands. It says “a handful of companies hold the keys to millions of hotel rooms globally, but the
Hospitality Industry News
Reuters put out an analytical piece on China’s Anbang Insurance Group’s challenge to Marriott International’s merger with Starwood with a US$12.8 billion cash offer. The non-binding bid, unveiled on Monday just days after Anbang agreed to acquire Strategic Hotels & Resorts from buyout firm