DirectoriesAdd Your Business
News Archive Search
Hotel News in Brief
Choice Hotels International (NYSE:CHH) continues to grow with the announcement of 55 newly-opened franchised properties during the month of July. The openings include hotels in 18 states and 10 countries and will add more than 4,003 rooms to the company's existing 440,000-plus rooms.
Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California's foremost full-service law firms, today announced that its Global Hospitality Group® has closed the senior debt portion of the capital stack for its client, HSBC, on the new Wilshire Carlyle luxury condominium tower at 10776 Wilshire Boulevard. Projected to cost $330 million, the 24-story, 78-unit crescent-shaped tower is said to be possibly the last high-rise permitted on the Wilshire corridor. "This is a bold debut into California real estate for the Elad Group," said JMBM attorney Guy Maisnik, lead counsel specializing in hospitality and high-end condominium mixed-use transactions. "The financing that was structured for this project had to take into account the nature and scope of such a first-class project with a cornerstone place in this market. With JMBM's experience in the luxury condominium market, and a lending institution with the vision of HSBC, the Elad Group now has the essential resources to become a strong bi-coastal presence." Developed by New York-based Elad Group, high-end developers that are already well-established on the East Coast, this intricate financial transaction required a comprehensive understanding of standards unique to luxury residential properties of the caliber that are now being constructed. Drawing on practical experience and resources that the Global Hospitality Group® has developed in advising clients on more than 100 mixed-use projects over the past five years alone, the JMBM hospitality team, led by Maisnik, was able to successfully complete the deal.
China's rapid expansion as an economic powerhouse, coupled with a growing and affluent workforce, is driving a new wave of investment into the Chinese hotels and leisure sector. The figures are remarkable: InterContinental Hotels Group (IHT) is well on track to open 125 outlets in China by the end of 2008. Hilton Hotels has teamed with Rreef, the property arm of Deutsche Bank and private equity firm H&Q Asia Pacific, to develop 25 hotels at a cost of £272 million. French hotels group Accor plans to open 80 hotels in the country over the next two years. Starwood, the operator of the Sheraton and Westin chains is looking to open at least 12 new hotels in Shanghai alone this year. IHG's chief executive Andrew Cosslett said, ‘China has unmatched market potential. IHG has the largest pipeline of hotels in the industry and we are on track to meet our objective of between 50,000 and 60,000 new net room additions by the end of 2008. This is equivalent to opening one new hotel a day.' Apart from the flagship InterContinental Hotel brand, the group also operates the Holiday Inn, Express by Holiday Inn and Crowne Plaza hotel chains.China is currently IHG's third largest market with 22,665 rooms and 67 hotels. Its current pipeline envisages an additional 84 hotels and an extra 29,771 rooms. So all those rooms have to be filled. IHG, like other hotel groups, is banking on a sharp increase in overseas visitors to China and more internal travel as the country opens up. According to the World Travel & Tourism Council, the number of inbound tourists is expected to climb from 50 million in 2006 to between 150-180 million by 2020. According to the National Bureau of Statistics of China the number of domestic trips is expected to reach three billion by 2020. China's internet penetration is now second only to the US, with 137 million users - 10% of all hotel rooms are booked through the internet - while China will spend $17.2 billion on improving its airport infrastructure network between 2006 and 2010. Road spending is also soaring with the number of highway kilometers set to double to 85,000 by 2020. Source: Birmingham Post
Sun International Resorts and Hotels has commissioned the filling of the second largest man-made saltwater swimming lagoon in the world at its new Port Ghalib resort on Egypt's Red Sea Coast, a massive undertaking that will take more than six days to complete. Set to open mid-November 2007, the Port Ghalib resort aims to create a private world of luxury and comfort for sun seekers, adventurers and jetsetters. It will be an integrated community of distinction, activity and variety, setting it apart from any other resort community in the Red Sea. The lagoon, which has recently been completed, covers a surface area of 8 500m². The dimensions are approximately 290 x 100 metres (longest continuous length and width) and the design water capacity is 9.45 million litres. The Atlantis Resort on Paradise Island in the Bahamas currently holds the record for the largest man-made saltwater lagoon and aquarium in the world.
Don Fraser has been named corporate director of operations where he will oversee housekeeping, laundry and maintenance operations for Denihan Hospitality Group (DHG), announced the company's co-CEO Patrick Denihan. DHG operates the Affinia brand of lifestyle hotels and the luxury Benjamin hotel brand. With more than 20 years of experience in the hospitality industry, Fraser most recently held the position of general manager at the Hilton Newark Penn Station in Newark, NJ. Prior to his tenure at Surrey Hotels & Interstate Hotels Corporation he was with Crestline Hotels Corporation / Wyndham International / Performance Hospitality Interstate Hotels Corporation for thirteen years where he held various key roles such as resident manager, rooms director, and director of housekeeping. Fraser's hospitality career began at Hyatt Hotels Corporation in Ohio and Illinois where he spent six years.
Wotif.com (www.wotif.com), the specialist in discounted last-minute accommodation, named Hotel Istana Kuala Lumpur, Radius International Kuala Lumpur, Millennium Kuala Lumpur, Parkroyal Kuala Lumpur and Swiss Garden Hotel Kuala Lumpur as their top 5 selling hotels in Malaysia for 2006/07. These hotels sold the most rooms through the popular accommodation site over the past twelve months and were announced at the third annual Wotif.com Customer Preferred Choice Awards - a cocktail event held at Izzy's in Kuala Lumpur last Thursday. Of the hotels who have listed on Wotif.com within the past 12 months, Pyramid Tower Hotel was announced as the Star Performer, having made the most sales per month on average since they started selling rooms through the site.
Andrew Phillips appointed as new Executive Chef for the Mövenpick Hotel Bur Dubai. Chef Phillips takes over the culinary reigns at the Mövenpick Hotel Bur Dubai as the new Executive Chef. With over ten years experience in the position, Phillips is not only qualified for the position but will bring a high level of expertise to the role which will ensure a successful partnership with the hotel.
Visit our sponsors