Keyword: InterContinental Hotels
Matthew Adams and Andrew Rubinacci were named EVP of operations and SVP of revenue management and global distribution, respectively.
Global operators are in a hurry to make their mark, with both Marriott International and IHG announcing plans for Germany in recent weeks.
CHC secured financing of $12.5 million at 75 percent of the sponsor's total cost, including purchase price plus a product improvement plan.
The 87-room Avid Hotel Oklahoma City-Quail Springs opened 199 days after it began development.
The InterContinental Auckland will be the second for the brand in New Zealand following the InterContinental Wellington.
IHG and Shimao Group are on track to open the InterContinental Shanghai Wonderland in the fourth quarter of 2018.
The company came out swinging in the first half of this year, recording its highest earnings in a decade. And nowhere was its performance stronger than in China.
HREC Investment Advisors represented Ocotillo Hospitality during the transaction.
Operated by Atlanta-based NorthPointe Hospitality, the 158-room also offers 6,000 square feet of gathering space.
IHG signed a deal with Mulpha Australia to take over management of Hayman Island in the Whitsunday Islands of Australia.