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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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For IHG, it's all about winning   27 Oct, 2014

InterContinental Hotels Group has no problem saying it's the number-one hotel company in the world. Turns out, its actions might match the rhetoric. More>>

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Irish housekeeper found unfairly dismissed   27 Oct, 2014

The Employment Appeals Tribunal found Linda Magill had been denied fair process or fair procedure and dismissed instantly by her employers at the Grand Hotel, Tramore. Magill took her case against Tompkins (in receivership), trading as the Grand Hotel, to the EAT and the hearing was held in...More>>

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Hyatt Regency Houston Galleria to open fall 2015   27 Oct, 2014

Hyatt Regency Houston Galleria is part of the 7.6-acre, mixed use development, Galleria Plaza, which includes a Whole Foods Market, multiple high-end retail and specialty stores, luxury apartments and multiple recently completed office towers. The 325-room, 14-story hotel will have more than 12,000...More>>

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IHG rolls out system-wide sustainability program Jan. 1, 2015   27 Oct, 2014

IHG Green Engage is an online environmental sustainability tool, which gives hotels the ability to track how much energy, carbon and water they are using, as well as assessing how waste is managed. This allows them to see how much they are spending and saving and to feed data directly to IHG's...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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Aries Capital closes $10.5M loan for Texas Marriott   27 Oct, 2014

At the onset of the development project, Pride Management secured a construction loan through a bank, which was due to transition into an SBA with a 20-year term and 20-year amortization. The SBA would have also been a full-recourse loan with stiff prepayment penalties. In order to avoid the SBA...More>>

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Budgetel Lodging and Hospitality Lodging Systems sign multi-year licensing agreement   24 Oct, 2014

Collins will continue to serve as chairman and CEO of DC Hospitality, a nationwide hotel brokerage firm that handles all brands, sizes, and styles of properties. Serving as president of HLS is Neil Collins, who has almost 20 years of experience in all phases of hotel operations, including sales,...More>>




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