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Europe's KKR, Algonquin make two buys in Antwerp   11 Jun, 2015

Global investment firm KKR has announced the purchase of the Radisson Blu Astrid Hotel and the Park Inn Hotel in Antwerp, Belgium, in a joint venture with Algonquin, an independent hotel group with offices throughout Europe. Both the 247-room Radisson Blu and the 59-room Park Inn are situated on...More>>

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Ultima Hospitality acquires Sheraton outside Boston   10 Jun, 2015

Chicago-based hotel investment and managment company Ultima Hospitality has announced the closing and acquisition of the Sheraton Needham Hotel in Needham, Mass. The 247-room hotel recently completed an extensive renovation of the guestrooms and public spaces. The purchase price was not disclosed.More>>

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Owners of Chicago's Palmer House seeking half-a-billion dollars   10 Jun, 2015

More than half-a-billion dollars is what it will take to own Chicago's Palmer House Hilton. At least that is what the owner of the city's second-largest hotel, Thor Equities, is seeking—specifically $575 million. The hotel has 1,639 rooms and is being marketed Eastdil Secured.More>>

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Jumeirah taps Robert Swade as Group COO   10 Jun, 2015

Swade has been an "integral" part of the senior executive team of Jumeirah Group since he joined the company in October 2005 as general counsel, Jumeirah Group chief executive Gerald Lawless said.More>>

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IHG readies itself for flood of Chinese arrivals   9 Jun, 2015

InterContinental Hotels Group is one hotel company that is taking steps now to ready itself for what is panning out to be years and years of Chinese travel and arrivals. IHG's China Ready program, which was rolled out in April, is already in full swing at various properties around the world. More>>

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Report: Hilton could spin off timeshare business, owned hotels   8 Jun, 2015

As the hospitality industry continues to thrive, Hilton Worldwide is seeking to take advantage while the going is good. According to The Washington Post, Hilton is considering a number of business initiatives, including paying shareholders a dividend, repurchasing its stock, spinning off the 148...More>>

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In depth: Best Western's David Kong on his life and career   5 Jun, 2015

David Kong’s life story is a veritable instruction manual about how to make it in America. A tale of hard work and pluck and the drive to succeed. HM got up close and personal with the CEO of Best Western International, as he opened up about his humble beginnings and striking success.More>>

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Accor changes its name to AccorHotels   5 Jun, 2015

What's in a name? Accor thinks something is. The French hospitality company has changed its name to AccorHotels, in line with its website, as a part of its digital transformation strategy. The hotel chain has also changed its logo and adopted a new tagline: Feel Welcome.More>>

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Hotel Equities will manage two full-service hotels   5 Jun, 2015

The most recent additions to the company's portfolio include a DoubleTree by Hilton Joplin, Missouri conversion (formerly a Holiday Inn) and a new-build at the Miami Airport.More>>

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Cobblestone signs franchise agreement for 11th Wisconsin hotel   5 Jun, 2015

Cobblestone Hotels has signed a 10-year franchise agreement for the future Cobblestone Hotel and Suites in Pulaski, Wisconsin. More>>



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