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PwC forecast anticipates room rate gain acceleration   10 Nov, 2014

During the first nine months of 2014, both individual and group travel exhibited solid momentum, with the year-over-year pace of recovery in group demand outpacing the individual transient segment. Increased momentum of group demand growth during the third quarter of 2014 is expected to continue in...More>>

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Eco-resort project planned for Oman   10 Nov, 2014

The project will cover a total of 5.9 million square feet and is expected to cost an estimated $649 million to develop. The first phase, expected to be completed by the end of 2018, will include a 100-room eco-themed resort, 50 hotel villas, 150 residential villas and a 2,296-square-foot area for a...More>>

Many of the hotels sold in the Florida Keys, such as the Hyatt Key West Resort, were bought by REITs. Newswire
Investors warming up to the Florida Keys   10 Nov, 2014

As Florida Keys become a hot spot for tourism, hotels report a 15-percent rise in revenue per available room in 2013More>>

Beijing-based Anbang Insurance Group paid Hilton Worldwide $1.95 billion to acquire the Waldorf Astoria in New York. Newswire
Waldorf Astoria sale confirms strength of NYC market   10 Nov, 2014

Record $1.95-billion deal could signal more overseas money deployed toward U.S. assetsMore>>

The Buccini/Pollin Group Newswire
The Lifestyle Explosion   7 Nov, 2014

Two international companies jump into the lifestyle space with new brands targeting the most sought-after group of travelers.More>>

Hawaii hotel: The Kahala Hotel & Resort in East Oahu was sold to Japan-based Resorttrust in a leasehold sale for $282.5 million. Newswire
Hotel Transactions    7 Nov, 2014

News on Hotel Transactions from across the worldMore>>

Castle Hotel: The Castle Hotel, a Luxury Collection Hotel, Dalian, opened in Liaoning, China. The hotel is owned by the Dalian Y Newswire
Hotel Openings   7 Nov, 2014

New hotel openings around the globeMore>>

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Christie and Co appointed to sell the UK's Basingstoke Country Hotel   7 Nov, 2014

The hotel is estimated to sell for $8.71 million, and has 100 guest bedrooms, as well as conference and meeting rooms, a restaurant, brassiere, lounge bar, two banqueting rooms and a car park. Its facilities include a large indoor swimming pool, fitness suite and dance studio. More>>

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AC Hotels by Marriott property planned for Minneapolis   7 Nov, 2014

Real estate and construction firm M.A. Mortenson plans to develop an AC Hotels by Marriott at 401 Hennepin Av. S., across 4th Street from the Minneapolis Central Library. The nine-story, 244-room hotel will cost $48 million.More>>

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St. Thomas to build first new resort in over 20 years   6 Nov, 2014

The $487-million Port of Mandahl development will be built on the north end of the island and have a 300-room Hyatt Regency Hotel. Mandahl Bay Holdings will invest $209 million for the development's first phase that will include the hotel, a 50-slip marina, private estates and 48,000 square feet of...More>>

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