Development

The group announces Park Inn Tete in Mozambique – the property featuring 116 rooms is scheduled to open on Q4 2010. Rezidor’s portfolio on the African continent now comprises close to 30 hotels and 6,855 rooms in operation and under development.

The hotel was recently acquired by San Diego-based Pinnacle Hotels USA. SHM had managed the hotel the past nine years for prior ownership.

Regent Hotels & Resorts today advised that its management of The Regent Bal Harbour Hotel will end effective today as the result of court actions related to the bankruptcy of the hotel owner, WCI Communities Inc.

The first Holiday Inn Express at London Heathrow Terminal 5, opening in 2011, will be the largest Holiday Inn Express in Europe under a franchise agreement signed today by IHG (InterContinental Hotels Group) and Crimson Hotels Group.

The Ramada Plaza Hotel in Fond du Lac, WI has been sold to Fine Hospitality Group, a California firm. Milmark Hotel/Motel Investments, a member of Hotel Brokers International, handled the transaction.

Holiday Inn in the WALT DISNEY WORLD(R) Resort scheduled to open this fall as the only Holiday Inn on Disney property

Sale of Entire Hotel Inventory Will Be Open to the Public

InterContinental Hotels & Resorts announces that its planned hotel in Moscow, InterContinental Moscow Tverskaya, is scheduled for completion in September 2010.

Mandarin Oriental International Limited announced that its wholly-owned subsidiary, Mandarin Oriental Holding Company Limited (‘MOHCL’), has completed the sale of its 50% interest in Mandarin Oriental, Macau to Sociedade de Turismo e Diversoes de Macau S. A.

Britain’s second-biggest budget hotel operator is continuing to seek acquisitions as its weaker rivals retrench