Stockholm-based Scandic Hotels Group has signed a deal to acquire the Finnish hotel operations of Helsinki-based Restel for €114.5 million in cash.
While Premier Inn reported a low total sales increase, LFL sales gained a major boost.
The St. Louis hotel will be operated by Sonesta International Hotels and will be known as the Chase Park Plaza Royal Sonesta Hotel.
Greg Dyke is someone who doesn't sugarcoat. That frankness will be on display when he delivers a keynote at Manchester's Annual Hotel Conference.
Mubadala Development is seeking to acquire the 50-percent stake from Jho Low, a businessman with ties to the 1MDB scandal.
President Trump has a plan that will both tighten rules on Americans traveling to Cuba and “significantly restrict” U.S. companies from doing business there.
Jamaica is counting on global investment to get 20,000 new guestrooms open within the next five years.
After consistently gaining strong revenue levels and increased shares, Bridges' sustainable Whitechapel hotel has been sold.
Following a recent London trend, AccorHotels will renovate the Old War Office into a 125-room hotel.
Congress will soon decide whether or not to the 1031 exchange provision, which allows sellers of commercial real estate to defer capital gains taxes.