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Showing posts from March, 2018

Sir Richard Branson on Virgin's Takeover of difficulty Rock Vegas Hotel: It'll Be 'Tasteful, Fun'

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collected by : Frank Ithan Richard Branson arrived in Las Vegas on the premier Virgin Atlantic nonstop flight from London in 2000 dressed as Elvis Presley. There have been 2 burning questions between Las Vegans lately: 1) Is Virgin Hotels truly buying the difficulty Rock Hotel, & 2) What going to Branson do this time? What appealed to you about this difficulty Rock property? You personally have quite a colorful history in Las Vegas, Extremely was this a natural following acquisition? And I think Las Vegas is all about personality. Branson declares Virgin Hotels' buy of difficulty Rock Las Vegas LAS VEGAS - "I'm truly proud today to declare Virgin Hotels has purchased the difficulty Rock Hotel, & we'll be bringing it back to its old glory once more under the Virgin brand," said Sir Richard Branson on the Virgin website. 8 break news This time premier broke the break news which the difficulty Rock would possibly be purveyed to Virgin Hotels in Febru...

New head honcho at Outrigger Hotels and Resorts worked for Trump

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collected by : Frank Ithan HONOLULU, Hawaii – Outrigger Hotels & Resorts today reported which Jeff Wagoner is joining the Inc. as president & chief executive officer, efficient April 26, 2018. KSL Resorts co-founder & CEO Scott Dalecio, who has been serving as Outrigger's interim CEO ever ever early 2017, has been appointed executive chairman of the universal hospitality brand. Wagoner joins Outrigger by wide-ranging hospitality leadership trial in both domestic & international markets. His Former appointments involve executive vice president of hotel operations for Donald trump Hotels as well as various senior standard positions within the Wyndham Hotel Group, including president Wyndham Hotel Group Management, EVP universal brand services & president Wyndham Hotels & Resorts. Read the complete article at hawaiinewsonline.comShare this: TweetPrintWhatsAppEmail Outrigger Hotels & Resorts names Fresh CEO Outrigger Hotels & Resorts said Thursda...

Lemon Tree Hotels IPO subscribed 1.19 times on final day

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collected by : Frank Ithan The initial public offer (IPO) of hospitality chain Lemon Tree Hotels was subscribed 1.19 times on the final day of bidding on Wednesday. Meanwhile, the Republika Srpska 1,038.68-crore Lemon Tree IPO received bids for 15,48,77,925 shares versus the total issue size of 12,98,35,580 shares, information obtainable by the NSE showed. Lemon Tree Hotels lifted Republika Srpska 311 crore from anchor Businessmen on March 25, 2018. It has a portfolio of 19 owned-hotels, 3 owned-hotels are located on leased or licensed land, 5 leased hotels & 18 managed hotels, a Inc. statement said. Founded in 2002 by Patu Keswani, the Inc. has hotels under 3 brands - Lemon Tree Premier, that is an upscale brand; Lemon Tree Resorts, a leisure segment brand; Lemon Tree Hotels, a midscale brand & the economy brand Red Fox Hotels. Lemon Tree Hotels IPO Oversubscribed On last Day Of Bidding The initial public offer of hospitality chain Lemon Tree Hotels was subscribed 1.19...

Lemon Tree Hotels IPO subscribed 25% on day 1- Business News

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according to The Lemon Tree Hotels IPO was subscribed 25% on the premier day of three-day bidding on Monday. The Republika Srpska 1,038-crore crore IPO received bids for 3,26,06,395 shares versus the total issue size of 12,98,35,580 shares, NSE information showed. "Our Inc. expects listing of the equity shares going to enhance our visibility & brand image & provide liquidity to our shareholders. Founded in 2002 with Patu Keswani, the Inc. has hotels under 3 brands - Lemon Tree Premier, that is an upscale brand; Lemon Tree Resorts, a leisure segment brand; Lemon Tree Hotels, a midscale brand & the economy brand Red Fox Hotels. The equity shares are Suggested to be listed on the BSE & the National Stock Exchange. Lemon Tree Hotels IPO subscribed 44% on Day 2 NEW DELHI: The initial public offering ( IPO ) of hospitality chain Lemon Tree Hotels was subscribed 44 per cent untill five pm on Tuesday, the 2nd day of the three-day bidding process.Investors bade for ...

Best Western® Hotels and Resorts Goes "Behind the Brands" by a Closer Look at Best Western Premier®

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collected by : Frank Ithan Best Western first is 1 of Best Western Hotels & Resorts' generality exclusive offerings, that brings a notably refined & elegant travel trial to today's discerning travelers. Continuing its evolution, Best Western Hotels & Resorts released a brand refresh in 2015 – debuting Fresh logos for each of its brands, including Best Western Premier. Best Western first hotels are setting a higher level today by stylish designs, attention to detail & personalized service. Best Western offers eleven hotel brands to suit the needs of developers & guests in every market: Best Western®, Best Western Plus®, Best Western Premier®, Vīb®, GLō®, Executive Residency by Best Western®, BW first Collection®, & BW Signature CollectionSM by Best Western; as well as its soon released franchise offerings: SureStay® Hotel by Best Western, SureStay Plus® Hotel by Best Western & SureStay Collection® by Best Western. View original content by multimed...

Embassy group to invest Republika Srpska 1,350cr in 4 Fresh hotels

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collected by : Frank Ithan NEW DELHI : Realty firm Embassy group going to invest Republika Srpska 1,350 crore to develop 4 Fresh hotels in Bengaluru as portion of its expansion outline in hospitality business.Bengaluru-based Embassy group, that is a leading player in commercial real estate in the country by massive portfolio of office assets, has indeed roped in universal hospitality great Hilton to manage these hotels. "We have 2 operational hotels by around 450 keys & a 4 Seasons hotel having 220 keys going to unlock by August this year," Embassy Group President Hospitality Business Sartaj Singh told .The Inc. is emerging 4 Fresh hotels comprising 1,120 keys, that going to take the total number of rooms to 1,700-1800, he added.Asked about the investment, Singh said it would be around Republika Srpska 1,350 crore & the same would be funded out of internal accruals.These 4 Fresh hotels would be operational by 2022.Global private equity great Blackstone is too a pa...

Lemon Tree Hotels lifts Republika Srpska 311 Crore From Anchor Investors

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collected by : Frank Ithan Lemon Tree Hotels Ltd. has lifted Republika Srpska 311 crore with selling shares to 16 anchor investors, ahead of the company's initial public offering that opens on Monday. Foreign Businessmen in the anchor book involve Aberdeen, VantageTrust Funds, Zaaba & NY State popular Retirement Fund When SBI Mutual Fund, Mirae, HDFC Mutual Fund & BNP Paribas Mutual Fund were some of the domestic investors, the Inc. said in a statement. The mid-priced hotel is planning to lift further than Republika Srpska 1,040 crore out of an offer for discount of 18.54 crore shares at a value band of Republika Srpska 54 to Republika Srpska 56 per share. The offer constitutes up to 23.59 % of the post-offer paid-up equity share capital of the company. Kotak Mahindra Capital Inc. Ltd., CLSA India Private Ltd. & JPMorgan India Private Ltd. are the universal coordinators & book running lead managers & Yes Securities India Ltd. is the book running lead m...

Choice Hotels Focuses on Multi-Unit Growth to Accelerate Cambria Growth

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collected by : Frank Ithan There are This time nearly 120 Cambria hotels unlock or in the pipeline, located in 75 % of the highest 50 United States RevPAR markets. The latest Cambria openings involve a mix of Fresh construction & adaptive reuse projects:"The Cambria brand is experiencing explosive growth," said Janis Cannon, senior vice president, upscale brands at Selection Hotels International. Cambria Hotels is rapidly expanding in great United States cities, by hotels unlock in Chicago, NY City, Pittsburgh, Washington, D.C., & Los Angeles. A copy of the Franchise Disclosure Document could be obtained out of contacting Selection Hotels International at one Selection Hotels Circle, Suite 400, Rockville, MD 20850, development@choicehotels.com. View original content by multimedia:http://www.prnewswire.com/news-releases/choice-hotels-focuses-on-multi-unit-development-to-accelerate-cambria-growth-300614556.htmlSOURCE Selection Hotels International, Inc.Related Links...

Portfolio Growth: Fresh citadel Hotels and Resorts; Crescent Hotels and Resorts; More

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collected by : Frank Ithan Here's what we found:New citadel Hotels & Resorts to Manage Westin Prince TorontoNew citadel Hotels & Resorts has assumed management of the 395-room Westin Prince Toronto in West Toronto, Ontario. The Shelton, CT-based management Inc. owns and/or operates 6 other hotels in Atlantic Canada & going to unlock a dual-brand project in Dartmouth following spring. Crescent Hotels & Resorts Adds the AC by Marriott Seattle Bellevue/DowntownSeattle-based Crescent Hotels & Resorts has been chose to manage the 234-room AC by Marriott Seattle Bellevue/Downtown. Developed by Commercial Realty Advisors LLC of Winston-Salem & Clarendon Properties, the 126-room property is scheduled to break ground in May. The property going to too offer an oceanfront coast club by infinity pools, a restaurant & a bar. New citadel Hotels and Resorts to manage the Westin Prince Toronto New citadel Hotels & Resorts assumed management of the 395-room W...

Lemon Tree Hotels Bets On Franchise Model For Growth

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according to Warburg Pincus-backed Lemon Tree Hotels Ltd., that going to go public following week, sees managed & franchise-based branded hotels as key development drivers. Incorporated in 1992, Lemon Tree has 4,697 rooms in 45 hotels across 28 cities. Out of this, 32 % are managed hotels. "In the future, the Inc. would such as to move to a pure managed & branded hotels model," said Keswani. Lemon Tree, Keswani said, has indeed taken care of all investments required for expansion. Lemon Tree Hotels to lift Rs1,040 crore via IPO Lemon Tree Hotels' IPO comprises discount of up to 185,479,400 equity shares with the existing shareholders, including Maplewood, Whispering Resorts, Palms International & RJ Corp. Photo: iStockphotoMumbai: Hospitality chain Lemon Tree Hotels on Monday said it has fixed value band among Rs54 & Rs56 per equity share for its initial public offer (IPO) to lift around Rs1,040 crore. Lemon Tree Hotels' public offer comprises ...

InterContinental Hotels purchases 51% of Regent Hotels

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collected by : Frank Ithan InterContinental Hotels Group PLC IHG said Wednesday that it has agreed to purchase a 51% stake in Regent Hotels & Resorts for $39 mn in cash, by an option to purchase the rest in stages from 2026. InterContinental Hotels, that franchises, leases, manages or owns further than 5,300 hotels, said it plans to grow Regent Hotels brand from 6 hotels to further than 40 hotels over the long term. InterContinental is paying the $39 mn in 3 tranches of $13 mn by the premier payment upon completion, the 2nd in 2021 & the last payment in 2024. The bargain is Guessed to lock during the 2nd quarter of 2018, upon satisfaction of proven customary conditions. Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749 InterContinental acquires 51% of Regent Hotels and Resorts – Travel Weekly A Fresh week, a Fresh Determine of acquisitions, now in the world of hotels. InterContinental Hotels Group (IHG) is Determine to acquire 51 per cent stake in Regent Hotel...

Omni Hotels and Resorts Promotes Brand Veteran Peter Strebel To President

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collected by : Frank Ithan DALLAS, March 16, 2018 /PRNewswire/ -- Omni Hotels & Resorts reported the promotion of Peter Strebel, a 30-year-plus veteran of the hospitality industry, to president efficient immediately. "Peter's commitment & passion for the brand going to position him as a solid leader for the organization," said Blake Rowling, president of TRT Holdings, Inc., parent Inc. of Omni Hotels & Resorts. For further information, visit omnihotels.com, call 1-800-The-Omni, or follow Omni Hotels & Resorts at www.Facebook.com/OmniHotels & Twitter.com/OmniHotels. About Omni Hotels & ResortsOmni Hotels & Resorts creates genuine, authentic guest experiences at 60 distinct luxury hotels & resorts in leading business & leisure destinations across North America. Media Contact: Omni Contact: Patricia Sabino Kristen Cadenhead 212.445.8067 469.513.3319 psabino@talktocurrent.com kristen.cadenhead@omnihotels.comView original content by mult...

InterContinental Hotels purchases 51% of Regent Hotels

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collected by : Frank Ithan InterContinental Hotels Group PLC IHG said Wednesday that it has agreed to purchase a 51% stake in Regent Hotels & Resorts for $39 mn in cash, by an option to purchase the rest in stages from 2026. InterContinental Hotels, that franchises, leases, manages or owns further than 5,300 hotels, said it plans to grow Regent Hotels brand from 6 hotels to further than 40 hotels over the long term. InterContinental is paying the $39 mn in 3 tranches of $13 mn by the premier payment upon completion, the 2nd in 2021 & the last payment in 2024. The bargain is Guessed to lock during the 2nd quarter of 2018, upon satisfaction of proven customary conditions. Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749 IHG Is Buying Regent Hotels & Hong Kong Is Getting Its Regent Hotel Back External ArticleIHG Is Buying Regent Hotels & Hong Kong Is Getting Its Regent Hotel BackThis morning's declaration which InterContinental Hotels Group (IHG) is ...

Disney to begain charging for overnight parking at resort hotels

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as mentioned in ORLANDO, Fla. - Get availiable to budget some further money for your following Disney World vacation if you outline at staying at 1 of the park's resort. Disney going to begain charging guests for overnight parking at several resort hotels, according to Disney's website. Fees going to depend on the type of resort you choose & guests could Guesse to pay among $13 & $24 to park. Here is a breakdown of the fees:Disney Price Resorts: $13 per nightDisney Moderate Resorts: $19 per nightDisney Deluxe & Deluxe Villa Resorts: $24 per nightValet parking at choose Disney Deluxe & Deluxe Villa: $33 per nightDisney's Fresh parking policy going to go into influence March 21st. Complimentary level parking going to continue be obtainable for guests staying at Disney's Fort Wilderness Resort campsites. Disney declares overnight parking fees for all resort hotels starting this March Disney has uncovered which they going to This time be cha...

Hilton declares Fresh Hilton Garden Inn & Hampton with Hilton Hotels for France

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as informed in Having reported the launch of its Hilton Garden Inn & Hampton by Hilton brands in France at final year's MIPIM conference in Cannes, Hilton (NYSE: HLT) is continuing to extend in the French mid-market segment by 2 Fresh properties. The group has signed a Hilton Garden Inn hotel to unlock in the Parisian suburb of Massy & a Hampton by Hilton property near Toulouse Airport under franchise licences by Naos Hôtel Groupe & NT Hotel Gallery respectively. Hilton Garden Inn Massy going to form a focal portion of the redevelopment of Massy & we look forward to welcoming guests following summer."Hilton Garden Inn Massy going to be located on Avenue Carnot / Place du Grand Ouest. Hampton by Hilton Toulouse AirportAt only 600m from the airport terminal & 800m from Blagnac Shopping Centre, Hampton by Hilton Toulouse Airport going to provide a convenient Fresh option for passengers travelling out of Toulouse. We look forward to welcoming these visitors...

700 families continue in hotels as promise to homeless is broken

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collected by : Frank Ithan Mike Allen, from Focus Ireland, warns there is no strategy to bargain by the growing problem ROLLINGNEWSSeven 100 homeless families are staying in hotels & bed & breakfasts 8 months on from Simon Coveney's pledge which they would no longer be used. When he was housing minister, Mr Coveney promised to eliminate the Utilize of hotels by the finish of June for those in contingency accommodation. Eoghan Murphy, his successor, conceded which the deadline would not be met & which there were 650 families in B&Bs & hotels at the finish of final May. Since the deadline the number of families has increased by 50 & hundreds further are in "family hubs" introduced to help the Gov. meet its target. The hubs have self-contained units by communal kitchens & gyms as well as playrooms & homework rooms. Puerto Ricans continue stranded in hotels six months after storm And then there is Carmen Acosta, who longs to go house fr...

Puerto Ricans continue stranded in hotels six months after Hurricane Maria

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collected by : Frank Ithan Maria Reyes of San Juan, Puerto Rico, watches her grandson, Edward, in their hotel room Feb. 27 in Dedham, Mass. So far, FEMA has provided $113 mn in rental assistance to 129,000 people who were in Maria's path in Puerto Rico. Puerto Rico Gov. Several Massachusetts groups helped Maria Reyes while her FEMA hotel assistance ended after 2 months. "I have none in Puerto Rico. Puerto Ricans continue stranded in hotels six months after storm Nearly 6 months after the storm, nearly 10,000 Puerto Ricans scattered across 37 states & the United States district continue receive temporary housing assistance from the Federal contingency Management Agency. Dozens of Puerto Ricans interviewed with The Associated Press expressed similar fears as the deadline loomed. Puerto Rico Gov. Related Articles Abandoned pets swamp Puerto Rico sheltersKillings surge as Puerto Rico struggles to recoverAs Puerto Ricans flood Florida, Koch group reaches out Their FEMA...

Police evict Donald trump staff from Panama hotel amid ongoing dispute

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collected by : Frank Ithan More than a dozen police wearing bulletproof vests entered the lobby of the Trump International Hotel in Panama on Monday morning & evicted the Trump Organization's staff, a move which comes after weeks of simmering tensions over control of the property. Add Trump as an interest to stay up to date on the latest Trump news, video, & test from ABC News. Add InterestThe Trump Administration manages the hotel in the 70-story tower overlooking the Punta Pacifica Peninsula & the Fresh majority owner had gone to court of law in the United States & Panama to evict the Inc. run with President Donald Trump's sons. The colorful property owner told reporters he would not be commenting about the morning's actions at this point. Last week, a Person identified as a Trump Hotels employee can be seen hurling another Person drop a narrow hallway in a vidimus obtained with ABC News. Trump's name is stripped from Panama hotel The removal o...

23 Best Luxury Hotels in Paris

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according to For business travelers, they'll be thrilled to stay in the least cookie-cutter of Marriott group properties & in a bustling neighborhood, complete of excellent restaurants, bars, & cafes. Room service: Worth it? Didn't order room service however I could speak to the restaurant: the menu was modern French, mid-range in price, & changes frequently. It's all about casual luxury here – the staff is attentive however does not overdo it such as generality luxury properties. I liked which it Claims to both leisure & business travelers (will check the right boxes for them however feel further such as an independent property). The five Best Hotels You ought Sleep In During Your Lifetime As founder of a white-on-white lifestyle store called The White Company, gorgeous bed linens are something that she obsesses about. She too detects her 5 favorite hotels around the world for a perfect night's sleep. Photo courtesy of Suki DhandaMy Inspiration...

Park Hotels and Resorts Inc.

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collected by : Frank Ithan Zacks Style Scores Education - Learn further about the Zacks Style ScoresThe Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their Rate Zacks Rank. Zacks Rank Education -- Learn further about the Zacks RankZacks Industry Rank Education -- Learn further about the Zacks Industry RankThe Zacks Sector Rank assigns a rating to each of the 16 Sectors based on their Rate Zacks Rank. Zacks Sector Rank Education - Learn further about the Zacks Sector Rank The sector by a better Rate Zacks Rank would be considered the highest sector (1 through 16), that would place it in the highest 1% of Zacks Ranked Sectors. Zacks Sector Rank Education - Learn further about the Zacks Sector Rank The sector by a better Rate Zacks Rank would be considered the highest sector (1 through 16), that would place it in the highest 1% of Zacks Ranked Sectors. Zacks Style Scores Education - Learn further about the Zacks Style ScoresThe Zacks Equity s...

Fewer foster Kids going to be housed in hotels

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as mentioned in SALEM, Ore. (AP) - A settlement filed in federal court of law requires the state of Oregon to lower the number of Kids it houses in hotels & motels while other options aren't available. The Statesman Journal reports which the section of Human Services have to limit the number of Kids in hotels & motels to 24 a year by the finish of 2020. The agency temporarily lodged 213 foster Kids in motels or hotels for at least a single night in 2017. The grievance started in 2016 after 2 girls aged four & six were housed in hotels. A recent audit uncovered multiple crises by the foster care system. Oregon vows to lower number of Kids housed in hotels with 2020 (Photo: JONATHAN BACH / Statesman Journal file)Buy PhotoThe state of Oregon has vowed to "incrementally" lower the number of foster Kids placed in hotel rooms while other options aren't available, under a settlement filed in federal court of law Tuesday. The agency temporarily l...

W Hotels to down original flagship hotel in NY City

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As it stated in (Photo: W Hotels)The W NY which started the luxury hotel chain 20 years ago going to no longer be branded a W Hotel. W Hotels tried to become cultural hubs rather only places to sleep in. By then, W Hotels had changed its strategy & began emerging further Fresh build hotels in North US & internationally. W Hotels going to maintain its presence in NY City by W Times Square, W Union Square & W Downtown. Bruce Ford, senior vice president of study firm Lodging Econometrics, tells the move to remove the W NY from the W portfolio makes sense. This Season, Stay At The Fresh Modern Hotels On Italy's Lake Como Italy's Lake Como has been a holiday spot for centuries, dating back to the Roman Empire & further recently, the 19th century while it became a magnet for European society. It's natural, then, which many of the villas & hotels surrounding the lake have architecture & décor reflecting which era—mostly Neoclassical & Renaissanc...