Rezidor Hotel Group with 8 signings and a strong focus on key development countries. The Rezidor Hotel Group, one of the most dynamic hotel companies worldwide and a member of the Carlson Rezidor Hotel Group, has signed 8 agreements for new hotels with a total of 1,400 rooms in the third quarter of 2013. 5 of these signings represent projects in Saudi Arabia, a key focus country for Rezidor. "Saudi Arabia has experienced continuous economic growth and offers considerable potential for our core brands Radisson Blu and Park Inn by Radisson. In line with our development strategy targeting a profitable, sustainable and asset-light growth in Emerging Markets and selected focus countries, we aim to further strengthen our presence in Saudi Arabia together with powerful regional partners", commented Wolfgang M. Neumann, President & CEO at Rezidor. Besides Saudi Arabia, the group's focus country list includes Russia, Nigeria and Turkey. Rezidor has also added a new country to its portfolio and signed the first Radisson Blu Hotel in Algiers, Algeria. The upper upscale property with 137 rooms in scheduled to open in Q1 2015. Pressrelease.
Rhombus Opens Fifth Hotel in Hong Kong. Rhombus has expanded its already considerable portfolio of hotels in Hong Kong with the opening of the Hotel Pennington by Rhombus, the group's fifth in the vibrant city. Situated in the heart of Hong Kong island's vibrant business and shopping district of Causeway Bay, Hotel Pennington by Rhombus' location offers travellers unlimited options to explore, shop, sightsee and seek out business opportunities. Source: AsiaTravelTips
IHG® Announces Real InterContinental® Santo Domingo Hotel Groundbreaking. IHG® (InterContinental Hotels Group) is proud to announce the groundbreaking on a 20-story, 225-room InterContinental® hotel located in the Piantini neighborhood of Santo Domingo in the Dominican Republic. Real Hotels & Resorts, a hotel division of Salvadorian-based Grupo Poma, will own the new development and invest US$70 million in the project. Scheduled to open in 2015, the Real InterContinental® Santo Domingo hotel will be located on the Avenida Winston Churchill next to the Acropolis, a popular shopping centre with luxury restaurants, shops and a sophisticated nightlife district. Pressrelease.
Invesco Buys Park Hotel Amsterdam. Invesco announced on Thursday that it bought the 189-room Park Hotel Amsterdam for an undisclosed sum from Grand City Hotels & Resorts.Invesco, Atlanta, said that Grand City Hotels & Resorts, Berlin, will continue to manage the 4-star business hotel under its current name. Source: HotelsMag