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IHG rolls out system-wide sustainability program Jan. 1, 2015   27 Oct, 2014

IHG Green Engage is an online environmental sustainability tool, which gives hotels the ability to track how much energy, carbon and water they are using, as well as assessing how waste is managed. This allows them to see how much they are spending and saving and to feed data directly to IHG's...More>>

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Mid-East RevPAR climbs for Carlson Rezidor in Q3 2014   27 Oct, 2014

The operator's RevPAR was up 9.5 percent year-over-year in the region, reaching $79.61. This growth is attributed to similar gains in occupancy, which is also up 9.5 percent, and room rates that have stabilized (up 0.1 percent).More>>

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Disney World's Swan and Dolphin Hotel receives $125M update   27 Oct, 2014

The redesign project will transform each of its 2,267 rooms, and is already underway. The hotel's public spaces, restaurants, meeting rooms, shops, pools and recreational areas will not be impacted and will remain fully operational throughout the renovation. Interior design and architecture firm...More>>

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Dusit signs first Dusit Thani hotel in Vietnam   27 Oct, 2014

The hotel is part of the Cam Ranh Flowers Resort. Slated to open late 2016, the beachfront hotel and branded residences will house 266 rooms of deluxe, suite and bungalow categories, with a further 117 apartments and 56 residential villas available for purchase or rental.More>>

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Aries Capital closes $10.5M loan for Texas Marriott   27 Oct, 2014

At the onset of the development project, Pride Management secured a construction loan through a bank, which was due to transition into an SBA with a 20-year term and 20-year amortization. The SBA would have also been a full-recourse loan with stiff prepayment penalties. In order to avoid the SBA...More>>

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Budgetel Lodging and Hospitality Lodging Systems sign multi-year licensing agreement   24 Oct, 2014

Collins will continue to serve as chairman and CEO of DC Hospitality, a nationwide hotel brokerage firm that handles all brands, sizes, and styles of properties. Serving as president of HLS is Neil Collins, who has almost 20 years of experience in all phases of hotel operations, including sales,...More>>

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STR report shows occupancy and ADR up in U.S., EMEA   24 Oct, 2014

Smith Travel Research's newest report on the U.S. travel industry shows that occupancy increased 3.8 percent to 70.3 percent for Q3, 2014. The report also shows that average daily rate (ADR) rose 5.2 percent to $117.91, while revenue per available room (RevPAR) was up 9.2 percent to $82.93. Demand...More>>

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Shangri-La signs MOU for its first hotel in Phnom Penh, Cambodia   24 Oct, 2014

Shangri-La International Hotel Management and Oxley Gem Cambodia have signed a memorandum of understanding in relation to the management and operation of the first Shangri-La hotel in Phnom Penh, Cambodia. Oxley Gem is a partnership between by Singapore-based Oxley Holdings Limited and the...More>>

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Nashville Magnuson hotel sells for $4.8M, to rebrand as Quality Inn   24 Oct, 2014

A Nashville hotelier has paid $4.8 million for the 172-room Magnuson Hotel Downtown North Nashville, with plans to rebrand it as the Quality Inn Downtown Nashville. The buyer, Sam Zaveri, plans to spend an additional $2 million on renovations, including upgrades to the rooms, lobby, ballrooms and...More>>

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Hawaii hotel occupancy rate reaches 79 percent   24 Oct, 2014

The average hotel occupancy rate reached 79.1 percent during the week of Oct. 12-18, a 2.9 percentage-point increase. Maui had the highest average daily room rate at $259.74, a 4.8 percent jump from the year before; followed by the Big Island at $245.68, a 23.6 percent rise; Kauai at $228.09, a 5.1...More>>



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