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New Hyatt Regency being developed in Tanzania   18 Aug, 2014

The new property will open as the Seventy-Seven hotel in 2016. It will be the third Hyatt Regency property in the country after the Dar-es-Salaam's former Kempinski Kilimanjaro and the Park Hyatt were established in Zanzibar. Hyatt Regency (Seventy-Seven) will have 144 rooms on a 30-acres plot in...More>>

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Palm Beach's Colony Hotel to close for the first time for renovations   18 Aug, 2014

The hotel will close Sept. 2 during a multi-million dollar update headed by decorator Carleton Varney, president of Dorothy Draper & Company. The property will re-open Oct. 10, 2014, with new suite designs including colors, floral patterns and contrasts, and with new amenities such as large,...More>>

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Africa's Sun International makes big divestments   18 Aug, 2014

Sun International has entered into an agreement with Minor International (MINT) to dispose of a portion of its African assets, CNBC Africa reports. The collective net purchase consideration amounts to 664 million rand, or around $63 million. More>>

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Kennedy Wilson buys Fairmont Hotel, St Andrews   18 Aug, 2014

Kennedy Wilson Europe Real Estate has entered into an agreement to acquire the Fairmont Hotel, St Andrews, Scotland from SABD Holding (UK) Limited for a reported £32.4 million (around $54 million), or about £155,000 ($259,000) per key. The all-cash acquisition is expected to close this month.More>>

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Dorchester Collection owner emerges as leading bidder for Sahara's hotels   18 Aug, 2014

The Sultan of Brunei has reportedly offered $2 billion to acquire three hotels currently owned by the Sahara Group and embattled head Subrata Roy. The three hotels are New York’s Plaza Hotel, London’s Grosvenor House and the Dream Hotel in lower Manhattan.More>>

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Hotel Data Conference: High demand makes for happy hoteliers   18 Aug, 2014

Numbers don’t lie—and that’s a good thing for the hotel industry’s foreseeable future, according to speakers at this year’s Hotel Data Conference in Nashville. In particular, 2014 has been a banner year, largely thanks to what STR president and COO Amanda Hite called “the incredibly...More>>

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Coffee services that grab you off the street   15 Aug, 2014

Providing coffee in the guestroom may be a necessity, but it is not feasible for hotels to account for the voluminous number of specialty drinks that guests crave. Travelers often want to gas up on guestroom coffee when they wake up, but are content with walking a little to find the more complex...More>>

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StepStone Hospitality assumes management of Nashville DoubleTree    15 Aug, 2014

More than $7.5 million has been committed to renovating the 337-room hotel, which will update the hotel's lobby, guestrooms and dining facilities, with work beginning in December 2014. These renovations are in addition to the more than $2 million that has already been invested in upgrading the...More>>

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Ritz-Carlton to open its first golf resort in China   15 Aug, 2014

The Ritz-Carlton, Mission Hills will be developed by the Mission Hills Group and managed by The Ritz-Carlton. It is scheduled to open in late 2015. The project will include 10 golf courses, 201 guestrooms, a club house, restaurants, bars, tennis courts, swimming pools, a recreation pavilion and...More>>

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Civitas' bets heavily on South Texas oil and gas   15 Aug, 2014

Civitas Alternative Investments, focused on strategies in real estate, tax credits and other alternative asset classes, is developing four Fairfield Inn & Suites by Marriott hotels in the Eagle Ford Shale area of South Texas. The four hotels will have a total of 352 rooms.More>>



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