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Marriott International plans for 70 hotels in India   29 Oct, 2014

Marriott International, which primarily follows the management contract model, has seven operating brands in India representing luxury to upper mid scale category.More>>

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Marriott's Q3 2014 results show development pipeline 1,300 properties deep   29 Oct, 2014

Marriott International released its third quarter results for 2014, reporting a net income of $192 million, a 20 percent increase over Q3 2013. Diluted earnings per share (EPS) totaled $0.65, a further 25 percent increase from the same period last year and above the EPS forecasted by the company...More>>

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The Radisson Paper Valley Hotel goes up for sale   29 Oct, 2014

The starting bid for the 388-room, full-service hotel in Appleton, Wis., is $7.5 million. The auction starts Dec. 1 and ends Dec. 3. The hotel is owned by a group of investors that once held the mortgage for the property. The property was built in 1982, and has nearly 38,000 square feet of meeting...More>>

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Carey Watermark buys the Sanderling Resort in North Carolina   29 Oct, 2014

The 106-room hotel was purchased for $38 million. The hotel is approved to add an additional 24 guestrooms to the existing site. CWI plans to begin this project in late 2014 and to deliver the 24 additional guestrooms in time for the 2015 peak spring and summer seasons. More>>

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Hard Rock to open Dubai hotel in 2015   28 Oct, 2014

The property will be the first Hard Rock-branded hotel in the Middle East, with a second hotel, which was first signed in 2012, expected to open in Abu Dhabi in 2017. The hotel property was previously intended to be operated by Hampshire Hotels Management in association with Wyndham Hotel Group,...More>>

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New York's Gramercy Park Hotel considered for sale   28 Oct, 2014

Real estate investors Aby Rosen and Michael Fuchs hired brokerage firm Eastdil Secured to market the 186-room hotel. Rosen and Fuchs developed the property in the mid-2000s with boutique hotelier Ian Schrager before the recession brought it into default. The pair are also considering a refinancing...More>>

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Toronto's Royal York Hotel sold for $186M   28 Oct, 2014

KingSett, an investment fund, will own 60 percent of the hotel. Real estate company InnVest, which owns 110 hotels with 14,000 rooms in Canada, will cover the remaining 20 percent. The hotel's current operator, Fairmont, will continue to run the hotel.More>>

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Mid-East RevPAR climbs for Carlson Rezidor in Q3 2014   27 Oct, 2014

The operator's RevPAR was up 9.5 percent year-over-year in the region, reaching $79.61. This growth is attributed to similar gains in occupancy, which is also up 9.5 percent, and room rates that have stabilized (up 0.1 percent).More>>

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Disney World's Swan and Dolphin Hotel receives $125M update   27 Oct, 2014

The redesign project will transform each of its 2,267 rooms, and is already underway. The hotel's public spaces, restaurants, meeting rooms, shops, pools and recreational areas will not be impacted and will remain fully operational throughout the renovation. Interior design and architecture firm...More>>

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Dusit signs first Dusit Thani hotel in Vietnam   27 Oct, 2014

The hotel is part of the Cam Ranh Flowers Resort. Slated to open late 2016, the beachfront hotel and branded residences will house 266 rooms of deluxe, suite and bungalow categories, with a further 117 apartments and 56 residential villas available for purchase or rental.More>>

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