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Indian Hotels Co. restructures to pare down debt   22 Apr, 2015

The luxury hotel company, which operates 112 hotels in India and 16 abroad, plans to sell its 6.85 percent stake in Belmond Ltd. It also is initiating cost-cutting and operational measures to boost performance. The company was still two years away from posting a full-year net profit, according to...More>>

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Mohegan plans hotel-casino resort in South Korea   22 Apr, 2015

The proposed resort would be developed on the grounds of Incheon International Airport and feature a two-tower luxury hotel complex with 1,000 guestrooms, a casino with 250 tables and 1,500 slot machines, and areas for retail, food, art and music entertainment experiences.More>>

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Holiday Inn Express enters Papau New Guinea   22 Apr, 2015

The opening of the 199-room hotel follows the successful expansion of the brand across Southeast Asia and preludes the launch of the brand in Australia next year. IHG has partnered with Pro Invest Group, which has established a $150 million fund to develop a portfolio of 15 Holiday Inn Express...More>>

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What European cities saw top hotel numbers in 2014?   22 Apr, 2015

The latest results from the ECM-MKG European Destinations Observatory report indicate that after several difficult years for more than a few European countries, 2014 saw the first signs of economic growth, and hotel activity is rebounding.More>>

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Equinox launches fitness-focused hotel brand   21 Apr, 2015

Equinox expects to open its first hotel in 2018 at Related Cos. Hudson Yards development under way on Manhattan's West Side. The hotel's Yabu Pushelberg-designed property will include indoor and outdoor swimming pools and, at 60,000 square feet, the largest ever Equinox gym. A Los Angeles hotel is...More>>

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Oxford celebrates over $253M in conference investments over five years   21 Apr, 2015

A further $74 million in new developments will be opening in the coming years. Included among the recent developments is an $119-million refurbishment of the newly named Weston Library at the Bodleian. Renovation work began in 2011 and the building was officially opened in March of this year. More>>

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Allen, Texas, to receive $85M convention center   21 Apr, 2015

The convention hotel will have 290 guestrooms, a 64,500 square-foot convention center and a 1,000-car parking garage on seven acres at Bethany Drive and North Central Expressway, adjacent to Allen's premier Watters Creek mixed-use center. Projected to open in January 2017, the center will offer the...More>>

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Dubai room rates drop for the third consecutive month   21 Apr, 2015

Last month, Dubai's occupancy was down for the ninth month in a row, reaching an average of 86.2 percent. This was in stark contrast with numbers posted by the emirate in 2014, and unfortunately sour news is still on the way.More>>

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Magnuson Worldwide reports double digit revenue, occupancy growth   21 Apr, 2015

The company's average revenue growth rose 31 percent across the Magnuson portfolio year-on-year from Q1 2014 to Q1 2015. The company also reported a 36-percent increase in occupancy, and a 10-percent increase in average daily rate. Magnuson Hotels saw another increase in RevPar, up 48 percent in...More>>

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Hotel Equities to manage future Louisiana Fairfield   21 Apr, 2015

The hotel will begin construction summer 2015. Expected to open in the third quarter 2016, the hotel will be located near numerous corporate offices, as well as the University of Louisiana-Monroe and the Ike Hamilton Expo Center, the area’s number one tourist attraction and an important economic...More>>




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