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Archive of industry news from the global hotel industry

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May 2016

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Le Méridien Versailles in Montréal, Canada completes renovation 26 May 2016 Starwood Hotels & Resorts Worldwide has announced that its brand Le Méridien Versailles in Montréal, Canada has completed renovation of the 108-guestroom hotel, including two penthouse...

Bedford Village Inn to open in New Hampshire 20 May 2016 Bedford Village Inn is set to open The Grand at Bedford Village Inn, in Boston of Bedford, New Hampshire, on 14...

South Dakota’s WaTiki Indoor Waterpark Resort to improve facilities 20 May 2016 WaTiki Indoor Waterpark Resort in Rapid City of South Dakota, along with Liv Hospitality, has plans to roll out several new components....

TJM Properties acquires Crowne Plaza Syracuse hotel in New York 20 May 2016 TJM Properties, a Florida-based real estate and hospitality firm, has bolstered its hotel portfolio with the acquisition of the Crowne Plaza Syracuse, in Central New York....

Interval Leisure Group closes acquisition of Vistana Signature Experiences 13 May 2016 Interval Leisure Group (ILG) has completed the acquisition of Vistana Signature Experiences, the owner and operator of high-end vacation ownership resorts, from Starwood Hotels & Resorts...

Hyatt House Portland/Downtown to open in July 12 May 2016 Hyatt House Portland/Downtown, a 203-room upscale hotel owned by RiverPlace Hotel Investors, is set to open in July 2016....

SBE signs agreement to acquire Morgans Hotel 10 May 2016 SBE has signed a definitive agreement to purchase Morgans Hotel Group in an all-cash transaction, in a move that will bolster SBE's position in lifestyle hospitality management, entertainment,...

Kohlberg acquires Interstate from Thayer Lodging and Jin Jiang International Hotels 06 May 2016 US-based private equity firm Kohlberg has acquired third party hotel management company Interstate from Thayer Lodging and Jin Jiang International...

DoveHill and Wurzak Hotel Group acquire Hyatt Place King of Prussia in Pennsylvania 05 May 2016 The combined venture of DoveHill and Wurzak Hotel Group has completed acquiring the Hyatt Place King of Prussia...

First Group’s Wyndham Dubai Marina hotel opens in Dubai 02 May 2016 Dubai-based property developer The First Group's first dedicated hotel development Wyndham Dubai Marina has officially opened in Dubai, thereby marking the debut of Wyndham Hotels & Resorts in...

April 2016

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Marriott International signs new property in Doha, Qatar 29 April 2016 US-based lodging company Marriott International has signed a new property, Marriott Executive Apartments, in Doha, Qatar, in order to expand its presence in the Middle East and Africa (MEA)...

Okura Nikko Hotel Management acquires Keikyu Corporation-owned Grand Pacific Le Daiba 26 April 2016 Tokyo-based Okura Nikko Hotel Management has signed an agreement to acquire Keikyu Corporation-owned Grand Pacific Le Daiba, a luxury hotel located on the artificial island of Odaiba in Tokyo...

Boyd Gaming to acquire Aliante Casino Hotel and Spa for $380m 25 April 2016 Boyd Gaming has signed an agreement to acquire Aliante Casino Hotel and Spa’s holding company Alst Casino Holdco in US for...

Fujita Kanko to open hotel in Taipei in 2019 22 April 2016 Japanese hotelier Fujita Kanko plans to open a new hotel in Taipei in 2019....

St. Regis Hotels & Resorts to debut in Belgrade in 2019 21 April 2016 Starwood Hotels & Resorts Worldwide has announced the signing of The St. Regis Belgrade and The Residences at The St. Regis Belgrade, a development project expected to open in 2019....

Ashford Trust signs agreement to sell five hotel portforlio for $142m 18 April 2016 Ashford Hospitality Trust has signed a definitive agreement to sell a five-hotel, 1,396-room portfolio of select-service hotels for $142m in cash to Noble Investment Group....

Conrad Doha to open in early 2019 15 April 2016 Conrad Hotels & Resorts, Hilton Worldwide's luxury hotel portfolio for the new smart luxury traveller, has signed a management agreement with Assets Real Estate Development Company for the...

Starwood Hotels & Resorts Worldwide reaches management agreement with Rajawali Property 11 April 2016 Starwood Hotels & Resorts Worldwide has reached a management agreement with Rajawali Property Group to open The St. Regis Jakarta and The Residences at The St. Regis Jakarta....

Hyatt opens Hyatt Regency in Chandigarh, India 05 April 2016 Hyatt Hotels Corporation has opened Hyatt Regency in Chandigarh, a city in northern part of India....

InterContinental Hotels Group to debut Holiday Inn Express hotel in Australia 04 April 2016 InterContinental Hotels Group (IHG) in a tie-up with investment group, Pro-invest has announced the opening of Australia’s first Holiday Inn Express hotel, Holiday Inn Express Sydney Macquarie...

Hilton Worldwide opens Hilton Alexandria King's Ranch in Egypt 01 April 2016 Hilton Hotels & Resorts has opened Hilton Alexandria King's Ranch, marking the 18th Hilton Worldwide hotel in...