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Hotel development pipeline in Mexico healthy   25 Nov, 2015

Mexico’s national tourism board predicts that, by 2024, the country will have to build an average of 180,000 new rooms to meet demand. Supply growth is expected be 1 percent to 1.5 percent during the next two or three years, which is below long-term additions to supply as a percentage of growth.More>>

blank Newswire threatens legal action over price-comparison tool   25 Nov, 2015

Netherlands-based, one of the world's largest online travel agencies, threatened legal action on hotel groups using a widget to display rate comparisons on their websites. The Price Check widget, provided by web developer Triptease, allows hotels to compare the rates of OTAs...More>>

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Steigenberger Hotel Business Bay opens in Dubai   25 Nov, 2015

The 367-room hotel is the company's first property in the United Arab Emirates. The property is owned by Twenty14 Holdings, the hospitality investment arm of LuLu Group International, the Abu Dhabi-based retail giant. More>>

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Ashford Prime acquires Ritz-Carlton St. Thomas for $64 million   25 Nov, 2015

The company intends to finance the property with approximately $40 million of non-recourse mortgage debt. The property will continue to be operated as a Ritz-Carlton property under a long-term management agreement. More>>

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Developers seek EB-5 funding for hotels, but time may be running out   25 Nov, 2015

With the international financing program set to expire early next month, stakeholders are petitioning Congress to reauthorize it for one more year. Take a look at what the program means for America's hotels.More>>

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Sovereign wealth fund buys New York City's London Hotel   25 Nov, 2015

Blackstone Group sold the hotel to the Abu Dhabi Investment Authority for $382 million. The transfer included a direct sale of the 54-story property for $194 million; the buyer assumed the mortgage of $154 million and purchased the furnishings and fixtures. The ADIA also assumed the ground-lease...More>>

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The Hyatt Place DC/National Mall opens   24 Nov, 2015

The Hyatt Place DC/National Mall is owned by E Street Development Group. WDG Architecture is the architect for the hotel and Clark Construction is the general contractor. The property is part of a mixed-use development.More>>

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Chinese hotel group to expand in Thailand   24 Nov, 2015

In March 2016, the Portofino Chiang Mai Business Park will open as Chinese hospitality group Plateno’s second property in the country after the 7 Days Inn in Chiang Mai.More>>

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First-ever Fairfield Inn & Suites opens in Kanata, Ontario   24 Nov, 2015

This is the first Marriott to open in Kanata. The hotel offers a complimentary hot breakfast each morning in the lobby area. Other hotel amenities include an indoor swimming pool, fitness facility, guest laundry and valet laundry service, complimentary Wi-Fi, as well as fax and copy services. The...More>>

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Rockbridge Capital acquires Oregon Hilton for $44M   24 Nov, 2015

Columbus, Ohio-based Rockbridge Capital purchased the Hilton Eugene (Ore). Rockbridge acquired a majority ownership in the hotel, while allowing former owner Davidson Hotels & Resorts to stay on as the property's manager. In September, Rockbridge also acquired the Valley River Inn in Eugene for...More>>

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