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2008-05-07 News Highlights

Trends

A Home For The Modern Nomad: Extended Stay Hotels
HVS analyses the supply and demand patterns that govern the serviced apartment sector in Europe. ...more

Middle East Hotel Survey - Outlook, Market Trends and Opportunities
The HVS Middle East Hotel Survey for 2008 encompasses 104 hotels (a total of 32,000 rooms). ...more

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Technology

Amadeus launches its Middle East Regional Hub in Dubai
Leading IT provider for the travel industry expands regional presence to support growing customer base ...more

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Sales and Marketing

Holiday Inn London Kensington Forum Improves the Rewards for Regular Guests with a New Priority Club(R) Incentive
Holiday Inn London Kensington Forum, a popular central London hotel in Kensington near Chelsea, has expanded its commitment to IHG Priority Club Rewards(R) by providing its guests extra opportunities to accumulate valuable travel points. These additional deals are viewed as a value add for existing members and an effective incentive for newcomers. ...more

Fifth Annual HSMAI Revenue Management Strategy Conference Convenes In Austin
Thought leaders in the revenue management field will convene for a full-day of discussion on Monday, June 16, 2008 at the Fifth Annual HSMAI Revenue Management Strategy Conference in Austin, TX. The conference, co-located with HITEC 2008, is designed to create relevant, timely dialogue in the field of revenue management. ...more

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Appointments

Starwood Hotels & Resorts Names Phil McAveety Chief Brand Officer
Ex-Nike Executive to Lead Brands and Marketing Worldwide ...more

Starwood Hotels & Resorts Names Jeff Cava Executive Vice President and Chief Human Resources Officer
Ex-Wendy's Executive to Lead Human Resources ...more

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Development

50% Of All New First Class & Luxury Hotel Projects Have 150 To 300 Rooms
More than 2,000 hotel projects worldwide scheduled to open by 2014 - The majority being luxury hotels - 60% of the largest hotel projects are located in the U.S. ...more

Accor Sells Sofitel The Grand (Amsterdam) Under a Sale and Management-Back Agreement for EUR 92 Million
As part of the ongoing implementation of its "asset-right" strategy, Accor announced today that it has sold the Sofitel The Grand hotel in Amsterdam under a sale and management-back arrangement. The transaction is based on an enterprise value of EUR92 million. ...more

Agreement Calls for Development of 17 Ramada Hotels in Eastern Canada
Wyndham Hotel Group today announced an agreement with Days Hospitality Inc. of Markham, Ontario, for the development of 17 Ramada hotels throughout Eastern Canada during the next 10 years. ...more

Molinaro Koger Structures Sale of Residence Inn by Marriott Lubbock, Texas
Molinaro Koger (MK) announced today that Andy Kern of the firm's metro-DC headquarters office facilitated the marketing and sale of the Residence Inn by Marriott, Lubbock, Texas, on behalf of Lion ES Hotels II, LLC. ...more

Marriott International to Manage Courtyard Hotel at Jebel Ali-Dubai for Integra International FZCO
235-room Hotel to be Fourth Upper-Moderately Priced Courtyard Property in Dubai ...more

Marriott to Manage Nine Properties in Saudi Arabia for Fawaz Abdul Aziz Al-Hokair & Associates Hotels Company
Agreement Includes Hotels Representing Six Marriott International Lodging Brands Starting in 2010 ...more

Carlson Hotels Signs 50+ New Properties in First Quarter 2008
The new hotels and resorts span 19 countries, including one Regent hotel, 14 Radisson properties, two Rezidor managed Radisson hotels, 18 Country Inn & Suites By Carlson properties, six Park Plaza hotels, and ten Park Inn locations. ...more

Hyatt Hotels & Resorts to Operate Second Five-Star Property in South Africa
2010 Opening of Hyatt Regency Oubaai Builds Hyatt's Presence in Africa ...more

Hilton Hotels Corporation Announces Signing of First Doubletree by Hilton in Scotland
Hilton Hotels Corporation announced the signing of a management agreement that represents the entry of the Doubletree by Hilton brand into Scotland. This agreement will see the historic Dunblane Hydro Hotel receive a multi-million-pound enhancement project, before joining the upscale, full-service brand in 2010. ...more

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Financial

Tropicana Entertainment Files for Chapter 11 Reorganization
Company to maximize asset value, address debt through comprehensive restructuring - Positive cash flow, $67 million DIP financing secure ongoing operations ...more

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Openings

Hotel Indigo in Chicago Suburb of Vernon Hills Opens With Modern Boutique Setting
As boutique hotels - with their intimate, luxurious environments, and personalized accommodations and services - gain increasing popularity across North America, Hotel Indigo will open its much-anticipated third property in the Chicago area on May 8th. ...more

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Other

New Certificate Program in Strategic Hospitality Management from eCornell and Cornell University's School of Hotel Administration
Develops key skills to create and implement strategic initiatives ...more

Wyndham Hotels to Serve Organic and Fair-Trade Certified Starbucks Coffee
Beginning this month, a steaming hot cup of coffee at Wyndham hotels not only will taste great, it will feel good, too, especially to guests concerned about preserving the environment and supporting small, family coffee growers. ...more

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 Departments

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 .  Appointments 2
 .  Development 9
 .  Financial 1
 .  Openings 1
 .  Other 2
 .  Sales and Marketing 2
 .  Technology 1
 .  Trends 2

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