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Increased air travel to Asia Pacific a sign of higher demand growth   28 Jul, 2015

A regional trade slowdown has not impacted passenger traffic in Asia Pacific, with Bangkok's two international airports and Shanghai Pudong International Airport leading a regionwide jump of 10.6 percent year-on-year in May.More>>

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Jin Jiang, Plateno aim to create Chinese group with global ambitions   28 Jul, 2015

Chinese hotel groups Jin Jiang and Plateno are planning a merger that would create a new hotel group with 450,000 rooms. The new group's next move is believed to be an acquisition of Starwood Hotels and Resorts Worldwide, which would make it an instant global player.More>>

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Cambodia: A new bright spot in Asia-Pacific   14 Jul, 2015

Cambodia is enjoying a tourism boom that is fueling a surge in hotel investment from Asia/Pacific and beyond. As software and hardware improve to keep pace with arrivals from around Asia, Cambodia's hospitality sector appears poised for a sustained period of rapid growth.More>>

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Starwood Capital Group, Melia acquire Spanish resorts through new joint venture   5 Mar, 2015

Global private investment firm Starwood Capital Group and Melia Hotels International established a joint venture that has agreed to acquire a collection of hotels across key resort locations in Spain.More>>

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NH tops market expectations with 76-percent bottom-line improvement   5 Mar, 2015

NH Hotel Group reported bottom-line improvement of 76 percent during year one following the implementation of its business plan. This set of earnings tops the market's expectations in a year marked by investments and the rollout of initiatives designed to transform the group, including the launch...More>>

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Lotte Group to invest $140 million in construction of St. Petersburg hotel   5 Mar, 2015

The Korean Lotte Group, the owner of the famous Lotte Hotels & Resorts hotel group, is set to open a new hotel in St. Petersburg in 2017. Shin Dong Bin, chairman of the board of the company, says the project will provide visitors and residents of St. Petersburg with a top-tier classic luxury hotel....More>>

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The Setai Miami Beach has new owners   5 Mar, 2015

The Setai Miami Beach has announced it has new owners-- Nakash Holdings and the von Furstenberg family. Nakash Holdings is a privately held investment company controlled by the founders of Jordache Enterprises, of designer jeans fame. Financier Alex von Furstenberg and family are partnering with...More>>

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PMZ Realty Capital arranges $10-million non-recourse loan for Hampton Inn & Suites Jacksonville South   5 Mar, 2015

PMZ Realty Capital, a national boutique real estate investment banking firm, has arranged a $10-million non-recourse loan for the Hampton Inn & Suites in Jacksonville, Fla. The loan has a low fixed interest rate for 10 years and the closing was completed within 30 days to pay off the existing loan.More>>

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Motel 6 gets in on lodging growth boom in Latin America   4 Mar, 2015

Motel 6 is upgrading thousands of rooms and entering new markets in Latin America, where its parent company, G6 Hospitality, broke ground last month on its first hotel.More>>

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L.A. developer offers to buy former Revel Casino Hotel   4 Mar, 2015

Los Angeles developer Izek Shomof made an 11th-hour bid to buy Atlantic City’s former Revel Casino Hotel. Shomof submitted a letter of interest to Revel AC, offering to buy the casino for $80 million. He is reviving the former Rialto Theater in South Pasadena, as well as the former Sears building...More>>

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