Kenya to share in Sh44b Africa investment deal
Kenya?will be among 13 countries in?Africa?to benefit from a Sh44.1 billion (?315 million) investment by an international hotel investor. The… Read More »Kenya to share in Sh44b Africa investment deal
Hotel Development
The first African hospitality group with true international vision launches SEEN, SEEN+, NOOM and NOOM R?SIDENCES, four highly innovative hotel brands
Nairobi, 24th of September 2013. Mangalis Management Group is launching four new hotel brands, from economy to upper-midscale, which will… Read More »The first African hospitality group with true international vision launches SEEN, SEEN+, NOOM and NOOM R?SIDENCES, four highly innovative hotel brands
Wyndham Hotel Group and Grand City Hotels Sign Austria?s First Wyndham Grand
Wyndham Hotel Group, the world?s largest hotel company with approximately 7,410 hotels and part of?Wyndham Worldwide Corporation?(NYSE: WYN), today announced… Read More »Wyndham Hotel Group and Grand City Hotels Sign Austria?s First Wyndham Grand
Value Place Acquires 22 Properties for $115 Million, Accelerates Franchise Development
Acquired properties formerly owned by partnership backed by Angelo, Gordon & Co. Value Place, the nation?s largest?economy?extended-stay lodging owner, operator,… Read More »Value Place Acquires 22 Properties for $115 Million, Accelerates Franchise Development
Sofitel in talks for Doha, Saudi hotels – CEO
Qatar is quickly building up its portfolio of hotels in anticipation of hosting the FIFA 2022 World Cup in less… Read More »Sofitel in talks for Doha, Saudi hotels – CEO
Fairmont Expands Reach into China with Luxury Hotel Project in Hangzhou
FRHI Hotels & Resorts (FRHI), the parent company of luxury hotel brand Fairmont Hotels & Resorts, and Hengli Management Co.,… Read More »Fairmont Expands Reach into China with Luxury Hotel Project in Hangzhou
China’s richest man targeting luxury US hotel chains
FRESH from splurging over ?300m to buy out the Irish-led investors in luxury super yacht maker Sunskeer, China’s richest man… Read More »China’s richest man targeting luxury US hotel chains
Kempinski Hotels focuses portfolio expansion on Africa
NAIROBI, Kenya, Sep 26 ? Kempinski Hotels, Europe?s oldest luxury hotel group, has announced plans to expand its portfolio of… Read More »Kempinski Hotels focuses portfolio expansion on Africa
Adara Announces New Travel Industry Partners and Rapid Momentum in Europe
MOUNTAIN VIEW,?Calif.?and?DUBLIN,?Sept. 18, 2013?/PRNewswire/—?Adara, a global leader in helping marketers connect with targeted traveler audiences, today announced rapid momentum for… Read More »Adara Announces New Travel Industry Partners and Rapid Momentum in Europe
American Realty Capital New York Recovery REIT to Acquire Newly Constructed Viceroy Hotel
NEW YORK,?Sept. 24, 2013?/PRNewswire/ –?American Realty Capital New York Recovery REIT, Inc.(“NYRR”) announced today that it has agreed to acquire… Read More »American Realty Capital New York Recovery REIT to Acquire Newly Constructed Viceroy Hotel
Bill Gates?s Cascade to Buy Four Seasons Hotel in Houston
Cascade Investment LLC, a company owned by Bill Gates, agreed to buy the Four Seasons Hotel Houston from Maritz, Wolff… Read More »Bill Gates?s Cascade to Buy Four Seasons Hotel in Houston
Interstate Hotels & Resorts Acquires Chardon Management Ltd., Expands United Kingdom Portfolio
ARLINGTON, Va./LONDON — Interstate Hotels & Resorts ? the leading U.S.-based global hotel management company ? announced today the acquisition… Read More »Interstate Hotels & Resorts Acquires Chardon Management Ltd., Expands United Kingdom Portfolio
Blackstone to Acquire 16 Hotels From Hersha for $217 Million
A Blackstone Group LP affiliate agreed to buy 16 hotels from?Hersha Hospitality Trust?(HT:US)?for $217 million, adding properties in the U.S.… Read More »Blackstone to Acquire 16 Hotels From Hersha for $217 Million
Hilton plans 200-room hotel in Nigeria
Hilton Worldwide has signed an agreement with longstanding Nigeria business partner Transcorp Hotels to launch its new 200-room hotel in… Read More »Hilton plans 200-room hotel in Nigeria
IHG Announces its Third InterContinental Hotel for London
InterContinental Hotels Group (IHG?) is proud to announce the signing of its third InterContinental property for London: InterContinental? London The… Read More »IHG Announces its Third InterContinental Hotel for London
Qatar to add 29 new high-end hotels
Qatar?s hospitality sector is slated to see more than two dozen luxury hotels and should contribute nine percent of the… Read More »Qatar to add 29 new high-end hotels
Inland Picks Up Andaz Hotels for $115M
OAK BROOK, IL?Inland American Lodging Group, Inc., a wholly owned subsidiary of?Inland American Real Estate Trust, Inc.,?has just acquired an?Andaz?hotel… Read More »Inland Picks Up Andaz Hotels for $115M
Hilton Worldwide Announces Commitment to Repurpose Waste Across 90 Countries at Ninth Annual Clinton Global Initiative Meeting
Hilton Worldwide, in partnership with Feeding America, The Global FoodBanking Network, Global Soap Project, Good360, DH Hospitality Group, Serta, and… Read More »Hilton Worldwide Announces Commitment to Repurpose Waste Across 90 Countries at Ninth Annual Clinton Global Initiative Meeting
Nearly 200 New Hotels with 40,000 Rooms Under Construction in Africa
Africa is the new jewel of international hotel investments. In the black continent 191 new first-class and luxury hotels with… Read More »Nearly 200 New Hotels with 40,000 Rooms Under Construction in Africa
United Properties to acquire Days Hotel
US-based commercial real estate development company United Properties has signed a purchase agreement with private REIT CRI Income to acquire… Read More »United Properties to acquire Days Hotel