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Mandarin Oriental joint venture buys Madrid's Hotel Ritz   22 May, 2015

As part of the deal, Mandarin Oriental and Olayan will each hold 50 percent interest in the joint venture, which is purchasing all of the shares in owning the Hotel Ritz from existing shareholders Belmond Spanish Holdings and Landis Inversiones.More>>

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Seating trends in chairs and F&B   22 May, 2015

Chairs in hotel restaurants and banquet facilities must play a range of roles. They must match the venue’s decor. They must be stylish. They must be comfortable for extended sitting. They must also be easily stored and durable if the hotel is to get maximum usage out of the investment.More>>

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Oaktree Capital buys remaining interest in London Hilton   22 May, 2015

Property investment and development business Quintain accepted the offer for its 50-percent interest in the 361-room Hilton hotel at Wembley Park for a gross consideration £40m. The hotel opened in July 2012.More>>

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Ashford Hospitality acquires nine-hotel portfolio   22 May, 2015

Ashford Hospitality closed out the week picking up nine hotels in seven states for $224 million. As part of the transaction, the properties will be managed by Remington Lodging.More>>

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Starboard buys 5-hotel portfolio in England   22 May, 2015

The five hotels, in Gatwick, Marsh Mills Plymouth, Birmingham Bordesley Circus, Sheffield, and Leicester, total 469 bedrooms. They will be operated by Starboard under the ibis franchise for a further 20 years as part of the agreement.More>>

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Interview strategies help uncover top candidates   21 May, 2015

Even the best GM simply can't be everywhere at once. Here are seven interviewing tips for finding the best possible employee to represent your hotel.More>>

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IHG, Greenland USA to develop Los Angeles' first Hotel Indigo   21 May, 2015

The 350-room, 18-story Hotel Indigo Downtown Los Angeles will be the flagship hotel at Metropolis, a more than $1 billion mixed-use development. Currently under construction, Metropolis will also have three residential towers and a curated retail experience. Metropolis is owned by Greenland USA (a...More>>

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New Jersey Crowne Plaza to convert to a Fairfield Inn   21 May, 2015

Located on the Garden State Parkway adjacent the Paramus Park Mall, the Fairfield Inn & Suites provides access to Route 17 and the local business district. The multi-million dollar brand conversion is expected to be completed by February of 2016. The new, 109-room Fairfield Inn & Suites will offer...More>>

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Holiday Inn Express begins construction in Niles, Ill.   21 May, 2015

The new four-story hotel will be owned and operated by the Skokie-based Lakhani Hospitality, and will be built on the former site of the Traveler's Inn and Ozzie's Bar and Grill. The hotel is slated to open in April 2016, offering 100 guestrooms (17 of which will be suites), 1,500 square feet of...More>>

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Cerberus Capital affiliate sells Silverleaf Resorts   21 May, 2015

Orange Lake Holdings purchased Silverleaf, a vacation-ownership company with 13 properties throughout the U.S. with approximately 120,000 timeshare property owners. The transaction closed on May 18, 2015. Cerberus acquired Silverleaf Resorts in May 2011.More>>



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