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
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
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.
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
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
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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
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
