Hotel News Resource
December, 19 2017
 
 
 
Fairmont Copley Plaza Boston Sold for $170 Million
 
Fairmont Copley Plaza Boston Sold for $170 Million
 
RLJ Lodging Trust (NYSE: RLJ) last week announced that the Company has sold the 383-room Fairmont Copley Plaza in Boston, MA for $170.0 million or approximately $444,000 per key. Read More
 
RevPAR Growth Impacts Changes In Profits
How the Composition of RevPAR Growth Impacts Changes in Profits - By Robert Mandelbaum
How the Composition of RevPAR Growth Impacts Changes in Profits
 
Within the lodging industry, there are other metrics that have historically been reliable indicators to measure the potential for hotel profit growth. One is the change in rooms revenue, or RevPAR. Using data from our annual Trends® in the Hotel Industry, we find an 86 percent correlation between annual changes in RevPAR and Gross Operating Profit (GOP) from 1960 to 2016. This implies that changes in RevPAR do provide a very strong indication of changes in GOP. Read more
 
Choice Hotels Buys WoodSpring Suites
Choice Hotels Acquires WoodSpring Suites for $231 Million
 
Choice Hotels International (NYSE: CHH) today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring SuitesSM from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary adjustments. Read more
 
Hotel Development Mexico Playa Del Carmen
The Fives Downtown Hotel & Residences in Playa Del Carmen Joins Curio Collection
The Fives Downtown Hotel & Residences in Playa Del Carmen Joins Curio Collection
 
Marking the first Curio Collection property in the country and Hilton’s first hotel in Playa del Carmen, the boutique hotel features 93 contemporary guest rooms, a rooftop infinity pool overlooking the Caribbean Sea and four dining outlets, including an authentic tequila bar with more than 100 different tequilas and mezcals. Read more
 
Hotel Transaction U.K.
Holiday Inn Stonehenge Sold for £12.5million
Holiday Inn Stonehenge Sold for £12.5million
 
Bowling Green Asset Management (BGAM) is announcing its second branded hotel acquisition of 2017, a luxury 103-room Holiday Inn, located close to Salisbury and Stonehenge, for £12.5 million, reflecting a net initial yield of 9.25%. Read more
 
Hotel Development Philippines
Hotel Okura Manila to Open 2018 in the Philippines
Hotel Okura Manila to Open 2018 in the Philippines
 
Located near Manila’s Ninoy Aquino International Airport (NAIA), the 191-room Hotel Okura Manila will be situated within Resorts World Manila, an integrated resort owned by TIHGI. Read more
 
Hotel Transaction California
354 Room Holiday Inn San Jose - Silicon Valley Sold
Holiday Inn San Jose - Silicon Valley Sold
 
Officials of The Dow Hotel Company (DHC) today announced the joint venture acquisition with an institutional investor of the 354-room Holiday Inn San Jose - Silicon Valley in California for an undisclosed amount. Read more
 
Hotel Opening France
Four Seasons Hotel Megève Opens
Four Seasons Hotel Megève Opens
 
The only hotel located directly on the slopes of Mont d’Arbois, just five minutes from the charming medieval town of Megève, Four Seasons Hotel Megève is the newest addition to one of Europe’s most important mountain resorts. Read more
 
Hotel Opening Lebanon
Radisson Blu Hotel Opens in Beirut
Radisson Blu Hotel Opens in Beirut
 
Radisson Blu announced the opening of its second hotel in Beirut, Lebanon. The 127-room Radisson Blu Hotel, Beirut opened its doors in Verdun, one of the capital's most prestigious and fashionable shopping and residential districts. Read more
 
Airbnb And BnBs
Airbnb Has a New Target - Actual Bed and Breakfasts - Quartzy
 
In a move you could file under 'startups realizing the concept they disrupted is still a good idea after all,' yesterday Airbnb announced a new partnership with The Association of Independent Hospitality Professionals and ThinkReservations, a leading reservation management system for bed and breakfasts. The partnership is designed to make it easier for actual bed and breakfasts to include their rooms on Airbnb’s platform. Read more
 
HotelClocks.com
Complimentary HotelClocks.com Gift Cards, Courtesy of Starfleet Research
 
Everyone gets a $20 HotelClocks.com gift card, good toward the purchase of any exquisite timepiece, plus a chance to win a museum-quality astronomical clock Read more
 

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In Brief...
 

EZee’s GST Ready PMS
Webinar Replay - How Hoteliers in India Can Handle GST on OTA Bookings

Hotel Opening Moscow
Hyatt Regency Moscow Petrovsky Park Hotel Opens

Hotel Opening Fujaira
IHG Opens First InterContinental Resort in the Middle East

Hotel Opening France
Hyatt Centric La Rosière Hotel Opens in France

Hotel Opening Belgium
Hotel Indigo Antwerp City Centre Opens in Belgium

Hotel Opening Chile
Radisson Blu Acqua Hotel & Spa Concon Opens in Chile

 
 
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