Asia and the Pacific Rim - Page 1

Starhill in talks to purchase three Marriott hotels in Australia
Friday, May 18, 2012 Malaysia's Starhill Real Estate Investment Trust is in talks to purchase three Marriott hotels from an Australian wealth management company, in a deal worth A$400m...

ITC forays into Sri Lankan hotel market
Thursday, May 17, 2012 Indian diversified business conglomerate ITC has signed an agreement with Sri Lanka's Board of Investment to build a luxury hotel in Colombo, in the company's first foray outside...

Marco Polo, XTT to set up five-star hotel in Philippines
Tuesday, May 15, 2012 Marco Polo Hotels and Xin Tian Ti Development (XTT) have entered a cooperational agreement to develop a PHP3bn ($70m) five-star hotel in Ortigas,...

Hotel planned for Dunedin waterfront, New Zealand
Friday, May 11, 2012 A new $100m 28-storey luxury hotel is being planned for Dunedin's waterfront on the South Island, New...

Marriott to open three new hotels in Thailand
Thursday, May 10, 2012 Marriott International has announced that it will open three new properties in Thailand in 2012, taking the group's portfolio to 16 hotels in the...

Mirah Hospitality to open new properties in India
Tuesday, May 08, 2012 India-based Mirah Hospitality has announced plans to invest Rs5000m ($94m) to open nine new properties in the next two years in North Indian...

Chinese hotel partners with PURE Global for allergy-friendly rooms
Tuesday, May 08, 2012 Chinese golf resort and leisure hotel Suzhou Taihu Golf Hotel has partnered with PURE Global to offer allergy-friendly rooms for its...

IDS Next, Energex partner to provide energy management systems for hotels
Friday, May 04, 2012 India-based IDS Next has partnered with Energex, a manufacturer of occupancy-based energy management solutions, to provide energy management systems to both newly built and existing...

APG, Lemon Tree Hotels to build 35 new hotels in India
Wednesday, May 02, 2012 Dutch pension fund manager APG has acquired a 6% stake in India's Lemon Tree Hotels for Rs6.5bn ($123m) and formed a JV with the group to build 35 hotels in the country in the next four...

Sunland announces sale of Palazzo Versace hotel
Wednesday, April 25, 2012 Australian developer Sunland Group has announced the sale of its Palazzo Versace hotel, located on the Gold Coast in Queensland, Australia, to focus on residential...

Indian hotel occupancy levels to reach 65% by 2014
Tuesday, April 24, 2012 Hotel occupancy levels in India are expected to increase to pre-crisis levels and may reach 65% by 2014, according to Crisil...

H20 Ventures to build hotel in Philippines
Monday, April 23, 2012 Concept hotel developer H20 Ventures has announced plans to invest up to PHP2bn ($47m) to build a hotel in the City of Makati in Metro Manila, the...

Viceroy Hotels to divest hotel project
Friday, April 20, 2012 India-based Viceroy Hotels has announced the sale of its hotel project under an advanced stage of implementation in the city of Chennai, Tamil Nadu,...

Sheraton Hotels to invest $350m in worldwide renovations
Friday, April 20, 2012 Starwood Hotels & Resorts’ brand Sheraton Hotels and its owners plan to invest more than $350m to renovate its flagship properties...

Indian civic authority considers move to increase FSI for hotels
Friday, April 13, 2012 The Delhi Development Authority (DDA) in India is considering a request to increase the floor space index (FSI) for Delhi hotels to three from the current 2.25, which would allow hoteliers...

IHG opens world's largest Holiday Inn
Thursday, April 12, 2012 InterContinental Hotels Group (IHG) has unveiled the world's largest Holiday Inn, the Holiday Inn Macao Cotai Central, as part of the opening of the latest Sands China integrated resort on...

Pan Pacific to undertake hotel renovation
Wednesday, April 11, 2012 Pan Pacific Hotels and Resorts is planning to invest S$80m ($60m) to renovate its Pan Pacific Singapore...

Hilton Worldwide opens new hotel in India
Wednesday, April 11, 2012 Hilton Worldwide has opened a new DoubleTree by Hilton hotel in Gurgaon, Delhi National Capital Region (NCR),...

Duet Hotels to construct new hotels in India
Tuesday, April 10, 2012 Hospitality firm Duet Hotels is planning to build six new hotels in India with an investment of Rs5.7bn ($112m) over the next two...

Swiss International announces South Asia expansion
Wednesday, April 04, 2012 Switzerland-based hospitality brand Swiss International Hotels & Resorts has announced its foray into India and other South Asian...