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PE firm Lone Star to create $1.6 bln UK hotel group   6 Jul, 2015

Dallas-based private equity group, Lone Star, is forming a £1-billion (around $1.6 billion) company called Amaris through the acquisition of 89 UK hotels. It subsequently will look to float the company on the stock market. More>>

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Turkey entices foreign investment amid uncertain economy   2 Jul, 2015

Turkey is feeling strain from an enervating economy and taking regulatory measures to help shore it up. On Wednesday, the World Bank cut its growth forecasts for Turkey as uncertainty over who will govern exacerbated the country's economic weaknesses and vulnerability to global liquidity...More>>

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Hilton to open Canopy hotel in Reykjavik next year   2 Jul, 2015

Canopy Reykjavik City Centre is expected to be the first hotel globally to open in the brand’s portfolio, which launched last October.More>>

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TRU Hotels purchases Northern Ireland's Lough Erne Resort   2 Jul, 2015

A U.S. investment group led by Vine Avenue Advisors, LLC, and TRU Hotels and Resorts has completed the purchase of the Lough Erne Resort. More>>

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Colombian billionaire pays €190M for Madrid's Hotel Villa Magna   2 Jul, 2015

The sale is reportedly one of the largest in recent memory for Madrid, and has put the city's hotel prices on par with those in New York and London.More>>

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Reports suggest Trump Hotel chain credit card breach   2 Jul, 2015

The Trump Hotel Collection appears to be the latest victim of a credit card breach, according to data shared by several U.S.-based banks. Sources at several banks have traced a pattern of fraudulent debit and credit card charges to accounts that had all been used at Trump hotels.More>>

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Thorofare Capital funds Orlando Four Points acquisition   2 Jul, 2015

The 301-room full-service hotel is located on International Drive in Orlando, and was sold by a New York-based asset-management firm for $12 million. The non-recourse, fixed-rate bridge loan was sized to 80 percent of the purchase price.More>>

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Intelity develops mobile device management system   2 Jul, 2015

Intelity has developed a new mobile device management system for use with its ICE Bedside in-room platform. The system enables direct manual device enrollment as well as enrollment through enterprise purchase programs, application authentication and restrictions, automatic operating system updates,...More>>

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LG debuts new hotel TV IP set-top box    2 Jul, 2015

LG Electronics USA introduced a new set-top box that will deliver Internet Protocol services on hotels' existing RF networks. LG also announced expanded Pro:Centric content streaming partners and showcased its broadened line of commercial displays for hotel rooms and public spaces.More>>

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Infusion Beach and Hotel to feature Crave in-room tablets   2 Jul, 2015

The Infusion Beach and Hotel, slated for opening in late 2015, is a multimillion-dollar renovation and rebranding of the Garden Vista Hotel in Palm Springs, Calif. Some of the high-tech features will be the in-room tablets, set to be installed in every guestroom by Crave Interactive. More>>



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