Hospitality Industry News
Scandic seeks new CFO
Gunilla Rudebjer is stepping down as CFO of Scandic Hotels Group. The process to recruit a successor has begun and Rudebjer will remain at Scandic until August 31, 2016.
Holedo
Hospitality Industry News
EDITION to open in Barcelona in 2017
Marriott International, together with Ian Schrager and the owner and developer KKH Property Investors, announce plans to open a property in Barcelona in 2017, The Barcelona EDITION. EDITION is described as “the first true luxury-lifestyle brand which combines the personal, intimate, individualised and unique hotel experience that Ian Schrager
Hospitality Industry News
Actor sells land for resort hotel
1 Black Hills, South Dakota A hospitality company has bought from actor Kevin Costner 103 acres in the Old West gambling town of Deadwood in western South Dakota’s Black Hills. The Ramkota Companies Inc bought land that includes the site of the ill-fated Dunbar casino resort, a US$
Hospitality Industry News
Las Vegas hotel in Elvis battle
1The Elvis Presley estate has filed a lawsuit against a Las Vegas casino-hotel that is holding artefacts and memorabilia involving the “King” as part of a leasing dispute. Elvis Presley Enterprises Inc filed the lawsuit in Clark County District Court seeking to retrieve stage outfits, jewellery, letters and a
Hospitality Industry News
Marriott to double in Europe
Marriott International in Europe said it will double in size once its acquisition of Starwood Hotels & Resorts Worldwide is complete. In Europe, the company will reach over 123,000 opened or signed rooms when Marriott’s 61,000 open rooms join with Starwood’s 40,500 open rooms and
Hospitality Industry News
Rezidor buys into budget chain
Sweden’s Rezidor Hotel Group has agreed to buy a 49 percent stake in start-up budget hotel chain Prizeotel for 14.7 million euros (US$16.2 million) and has rights to buy the remaining stake in four years.
Hospitality Industry News
Erawan Group targets 15pc revenue growth
Thailand’s Erawan Group aims for 15 percent revenue growth this year. It projects an average occupancy rate of 80 percent in 2016, up seven percent from a year earlier. It expects the occupancy rate in the first quarter to rise to 83 percent, versus 77 percent in the same
Hospitality Industry News
JW Marriott Hotel to debut in Japan
1Marriott International and Japan’s leading real estate development company Mori Trust Group plan to open the JW Marriott Hotel Nara, Japan in the spring of 2020 – the same year as the Tokyo Olympics. The new hotel will mark the JW Marriott brand’s debut in Japan, Nara’s first
Hospitality Industry News
Five Moxy Hotels for Europe
Marriott International plans to open an additional five Moxy Hotels in key European cities in 2016 – in Munich, Eschborn and Berlin in Germany, Oslo in Norway and Aberdeen in the UK. The five properties will strengthen Moxy Hotels’ ongoing expansion plans since the debut of Moxy Milan, Italy in September
Hospitality Industry News
Guests’ credit card info breached
An Orlando-based hotel chain is reporting that some of its guests’ credit card information may have been breached, the Associated Press reported. Rosen Hotels & Resorts said on its website that malware was installed on its payment card network and, in some instances, it may have identified the name,
Hospitality Industry News
Quality, not quantity, for IHG
1 Intercontinental Hotels Group is interested in smaller deals to expand its portfolio, but won’t be growing for the sake of it, its chief executive told Reuters. Consolidation in the hotel industry heated up late last year, with Marriott announcing plans to purchase Starwood and France’s AccorHotels agreeing
Hospitality Industry News
Minor plans US$1.1 billion expansion
Thailand’s Minor International plans to invest 40 billion baht (US$1.13 billion) over the next five years in a major expansion of its hotel and fast-food chain businesses at home and overseas. Chaiyapat Paitoon, vice president for strategic planning, said more than half that overall sum will