Hospitality Industry News
ANNAPOLIS, Md.–(BUSINESS WIRE)–May. 6, 2013–?Chesapeake Lodging Trust?(NYSE: CHSP) announced today that it has closed on a?$60.0 million?fixed-rate mortgage loan. The loan is secured by the 430-room?Boston Marriott Newton. The seven-year loan was provided by?PNC Bank, N.A.?and
Hospitality Industry News
1BARCELONA, LOS ANGELES & HONG KONG-Business Wire- Apogee Investors has signed an agreement with Mobilona LLC to manage the financing of Europe?s tallest hotel on a man-made island off the coast of Catalonia, Spain. MOBILONA SPACE HOTEL ON BARCELONA ISLAND The 300-Meter (984 feet) Galaxy Tower
Hospitality Industry News
1We’d been warned. A looming shortage of wine grapes caused grape prices to jump last year, and wine prices were sure to follow. Now a new report shows that prices for wines by the glass at restaurants have steadily increased during the past six months as wine inventories shrink.
Hospitality Industry News
BETHESDA, Md.–(BUSINESS WIRE)–Mar. 15, 2013–?Pebblebrook Hotel Trust?(NYSE: PEB) (the ?Company?) today announced that its?Board of Trustees?has authorized, and the Company has declared, a quarterly cash dividend of?$0.16?per common share of beneficial interest, to be paid on?April 15, 2013to shareholders of
Hospitality Industry News
1Just in advance of the Arabian Travel Market week in Dubai this week, the Ruler Sheikh Mohammed bin Rashid Al Maktoum has thrown down a challenge to double the present number of visitors to the city to 20 million by 2020. Is this any more realistic than the target to
Hospitality Industry News
1Wyndham Hotel Group has revealed plans for the first Wyndham Hotels and Resorts property in the United Arab Emirates following the signing of an agreement with Sigma III Limited, a subsidiary of British-owned developer The First Group, to manage its 33-storey building in the Dubai Marina. Currently under
Hospitality Industry News
1Hilton Worldwide has announced the expansion of the Waldorf Astoria Hotels & Resorts brand into Latin America with the opening of Waldorf Astoria Panama. With a commitment to personalised service and delivering a new sense of luxury to the booming Panama market, Waldorf Astoria Panama blends the distinguished sophistication of
Hospitality Industry News
MINNEAPOLIS -?1, one of the world?s best-recognized hotel brands, today announced the opening of the?1, set on picturesque Carlisle Bay. The beachfront resort, which recently completed an $8 million renovation, offers 124-rooms including five Pier Suites and one Presidential Suite. This unique property is located in
Hospitality Industry News
GOLD COAST, QLD (May 3, 2013)???Wyndham Hotel Group, part of the?Wyndham Worldwide?family of companies (NYSE: WYN), today announced plans to introduce the select-service?TRYP by Wyndham???brand in Australia with the signing of an agreement to open the TRYP Fortitude Valley in Brisbane. The four-storey
BETHESDA, Md.,?May 3, 2013? — Host Hotels & Resorts, Inc. (NYSE:?1), the nation’s largest lodging real estate investment trust (“REIT”), today announced results of operations for the first quarter ended March 31, 2013. On an “As Adjusted” basis, as described herein, the improvements in the Company’s results
Hyatt
CHICAGO–May. 3, 2013– Hyatt Hotels Corporation (?Hyatt? or the ?Company?) (NYSE: H) today announced the Total Consideration as set forth in the table below in respect of its previously announced cash tender offer (the ?Tender Offer?) to purchase any and all of its $250,000,000 aggregate principal amount
Lufthansa
Lufthansa has upgraded in-flight service on long and short-haul flights. Since 1 May, cabin staff have been indulging First and Business-Class passengers with new service ideas,?creative menus served on quality tableware and further sophisticated details. Only a few months ago, the exclusive Lufthansa First Class rated
