Hotel news
Diamond Jubilee Boosts London Hotel Weekend Performance
Hotels in London saw occupancy reach 90.5 percent on Saturday night (2 June) and benefited from the extended weekend to boost the traditionally low Sunday night with occupancy reaching 79.3 percent (+20.8 percent). London recei...
Italy’s Palazzo Sasso Changes Name to Palazzo Avino in 2013
Since opening the hotel in 1997, the Avino family has worked behind the scenes to transform the once-crumbling 12th-century ‘shell of a building’ into an architectural masterpiece now home to a world-renowned hotel....
Meliá Hotels International to Focus on Globalization
The Chairman of Meli Hotels International, Gabriel Escarrer, made these statements today in his speech at the Annual General Shareholders Meeting 2012, during which he stressed the importance of the globalization of the...
Langham Acquires The Observatory Hotel Sydney
Langham Hospitality Group has secured its first flag in Sydney with the acquisition of The Observatory Hotel, Sydney which is scheduled to become part of the Langham group on 8 August 2012. Located near Sydney’s hi...
Morgans to Open 200 Room Boutique Property in London
Morgans Hotel Group Co. (NASDAQ: MHGC) today announced that it has entered into a 20-year management agreement for a 200-room boutique property in London to be branded with its lifestyle hotel brand, Hudson. Hudson London, sch...
RLJ Lodging Acquires Hilton Garden Inn San Francisco/Oakland Bay Bridge for $36.2 Million
The purchase price represents a forward capitalization rate of approximately 9.4% on the hotel’s projected 2013 net operating income. RLJ Lodging Trust (NYSE: RLJ) announced that it acquired the 278-room Hilton Garden Inn...
