The acquisition includes an initial investment of $215 million for the Miraval brand and the resorts in Tucson and Austin. Hyatt expects to invest an additional $160 million over the next two to three years to fund the expansion of the Tucson resort, the redevelopment of the Austin resort and the acquisition and redevelopment of the Lenox resort.
Airbnb occupancy was the highest in markets where hotels had high occupancy. For example, during the 12 months ending July 2016, Tokyo reported the highest Airbnb occupancy level (61.5%) among the 13 markets and ranked second with an 84.8% hotel occupancy level.
Davidson Hotels & Resorts announced the appointment of Colleen Keating as executive vice president of operations, where she will be responsible for driving the culture, performance and profitability of the Davidson portfolio.
Report highlights key CSR achievements contributing to business success