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Indian billionaire makes play for London's Grosvenor House   24 Jul, 2014

Indian billionaire Cyrus Poonawalla has reportedly offered £550 million, or around $935 million, to acquire London's Grosvenor House hotel from Indian conglomerate Sahara Group, whose embattled chairman currently is in jail for alleged contempt of court.More>>

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Second-quarter earnings reports roll in with good news   24 Jul, 2014

It's that time of the year. Hotel companies are reporting their second-quarter earnings reports—and the news is good. Starwood, Wyndham and Lasalle Hotel Properties all checked in. Here's the results. More>>

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Steigenberger Hotel Group to open Taizhou property   23 Jul, 2014

More than 200 rooms and suites will be available to guests, whilst an events center extending over an area of 2,460 square feet will offer several conference, seminar and meeting rooms. The hotel is scheduled to open in the fourth quarter of 2017. More>>

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Carlson Rezidor signs the Radisson Blu Resort Chongqing BeiBei   23 Jul, 2014

The hotel will be part of a 728,000-square-foot mixed development called Yishang Mountain Hot Spring Town, which includes, a hot spring and spa, residences, commercial space and leisure facilities. Radisson Blu Resort Chongqing BeiBei will have three restaurants, a lobby lounge and bar, a fitness...More>>

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Asia Pacific Investment House raises $25M for HMB Avication resort development in China   23 Jul, 2014

With a total project projection of $50 million, the second round is now open to investors. A 263-acre resort, HMB Avication is to be located in Fogang. The resort includes luxury villas, community properties, natural lakes, hot springs and a mountain peak water park.More>>

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Asia Pacific hotels post mixed performance in first half of 2014   23 Jul, 2014

Occupancy in the region increased by just 0.9 percent to 66.9 percent, which is a small gain but positive compared to the region's average daily rate (ADR) and revenue per available room (RevPAR). ADR fell 3.1 percent to US $118, while RevPAR dropped 2.3 percent to $78.90.More>>

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Occupancy up in Middle East/Africa markets; more developments incoming   23 Jul, 2014

The Middle East/Africa region is showing positive performance year-to-date June 2014 as reported by STR Global. The region's occupancy is up 1.0 percent to 64.6 percent, rising 3.5 percent in average daily rate (ADR) to US $169.22, and a 4.5-percent increase in revenue per available room (RevPAR)...More>>

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The Embassy Suites Orlando - Lake Buena Vista Resort begins $13M update   23 Jul, 2014

All 334 two-room guest suites in the hotel will be renovated. Each suite has a private bedroom and separate living room with a sleeper-sofa. Upon completion the property will have 10,000 square feet of meeting and event space and a new Starbucks coffee bar. The hotel was acquired in December 2013...More>>

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Kempinski takes over management of Kigali's Hôtel Des Milles Collines   23 Jul, 2014

Kempinski Hotels officially took over the management of the historic Hôtel Des Milles Collines in Rwanda’s capital city of Kigali at the beginning of the month. The renamed Hôtel Des Milles Collines by Kempinski will be the European hotel company’s ninth hotel operating on the continent, with...More>>

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The Radisson Atlanta Northwest opened   23 Jul, 2014

The 218-room, 10-floor property is owned by San Diego-based LLJ Frontera Atlanta Ventures and managed by Dallas-based Frontera Hotel Group. Frontera, which was formed in 2013, now manages 12 hotels in Georgia, Texas, California, and Wisconsin that together are valued at more than $100 million. The...More>>



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