This year a number of Fairmont’s upgraded and updated properties are ready to show off their new looks.
Asia’s leading luxury boutique hotel operator, Alila Hotels and Resorts, unveiled its ultra-luxury brand Alila Villas with the opening of Alila Villas Uluwatu in Bali’s Bukit peninsula last month. The new Alila Villas resorts collection will represent the highest level of hospitality Alila Hotels and Resorts has offered to date
Sunstone Hospitality Management (SHM), a division of Interstate Hotels & Resorts (NYSE:IHR), announced that it has entered into a contract to manage the 149-room, full-service Doubletree Hotel Austin-University Area in the state’s capital city. The hotel is owned by San Diego-based Pinnacle Hotels USA. It is the second property SHM will manage for Pinnacle.
Based on significant investor interest in the Cal Neva Resort, Spa and Casino in Lake Tahoe, Canyon Capital Realty Advisors (Canyon) has hired CB Richard Ellis’s Global Gaming Group and Hotel Group to market and sell the iconic and historic property.
With limited recent sales and survey data upon which to rely, capitalization and discount rates can be developed based on the current cost of capital. Suzanne Mellen, MAI outlines the approach.
Women’s contributions to the business world cannot be overstated, but these achievements have too often gone unrequited. The new Mövenpick Hotel Hanoi has taken affirmative action on the accommodations front, with guest rooms conceived, furnished and situated especially with the female business traveller in mind.
Hersha Hospitality Trust (NYSE: HT) announced the sale and closing of the Hilton Garden Inn Gettysburg, PA as well as the closing of the previously announced sale of the Four Points by Sheraton in Revere, MA.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that it has completed the sale of the W San Francisco to Keck Seng Investments (Hong Kong) Limited for $90 million
Next Phase of $750 Million Expansion Opens Ahead of Schedule Adding 490 Guest Rooms to Inventory and Creating Jobs
Marriott International Inc., the largest U.S. hotel chain, plans to expand by taking over the operation of hotels from competitors unable to pay or refinance debt, Chief Financial Officer Carl Berquist said.