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