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Corporate Nigeria takes over Hilton Hotel CHIEFTAINS of the corporate world in Nigeria who bought over the NICON Hilton Hotel in October this year for N14.7 billion at the weekend formally took possession of the prized property. The new owners also plan to build a helipad for helicopters as well as a multi - purpose business mall to house the biggest entertainment industry company South of the Sahara as well a business acilities. According to Mr. Tony Elumelu, the United Bank for Africa (UBA) Group Managing Director and Chief Executive, who was appointed the new Chairman of the Transcorp Hilton Hotel, its new name is to make the hotel a one - stop shop for guests and visitors as well as making it a world class hotel in the category of those found in Dubai. Elumelu took over the Chairmanship of the Group from Vice President Atiku Abubakar's Chief of Staff, Chief Sola Akanmode.The plan is part of his vision for the hotel, which began operations on April 14, 1987 with 670 rooms spread on 10 floors of the three - winged, 12 - storey edifice.Some other members of the Nigeria corporate world who are a member of the Group include : Dr. (Mrs.) Ndi Okereke - Onyiuke, the director -general of the Nigeria Stock Exchange (NSE); Mr. Festus Odimegwu , the managing director of Nigeria Breweries Limited; Alhaji Aliko Dangote, chairman and chief executive of the Dangote Group; Mr. Jim Ovia, managing director of Zenith Bank Plc; Mr. Jacob Ajekigbe, the managing director of First Bank Plc and Zenon Oil chairman, Chief Femi Otedola, among others. The Corporate Nigeria chieftains are all directors of a subsidiary called Transcorp, a company that was incorporated with the objective of creating a globally competitive industrial conglomerate, which will supply world - class products and services to local and international markets. Transcorp was also set up to respond to market opportunities that require heavy capital investment both in Nigeria and globally to reposition the country in Africa and the world at large.
The Mercure Hotel Sydney Airport has just completed a multi-million dollar refurbishment to its rooms and public areas and is currently finalising renovations to its ballroom and function rooms. When complete, the Mercure will offer the newest meeting facilities in the area and will boast stylish, affordable rooms that will appeal not only to business travellers but to leisure guests, conferences and events. The renovations will see the Mercure become a major convention hotel, just 15 minutes from the city. The upgrade comes in time to capitalise on the planned redevelopment of the Arncliffe and Airport precinct, including the nearby Cook’s Cove Business Park and the Discovery Point Commercial and Residential project. Sydney Airport is not just the principal gateway for international visitors to Sydney, but is also a significant commercial and industrial area in its own right, with many surrounding businesses. The conference rooms are being brightened with new lighting, new carpets and wallpaper, modern ergonomic furnishings, state-of-the-art sound systems and a new ceiling. The new lighting and sound proofing will enable the hotel to host a range of function styles simultaneously and cater for anything from a board meeting for 12 to a ball for 400. Mercure Sydney Airport is also one of the only hotels in the area to offer direct vehicle access to the ballroom, making it perfect for car launches and meaning bump-in and -out is quick and efficient.
Hilton Announces Sale of 395-room Hilton DFW Lakes Hotel & Executive Conference Center Hilton Hotels Corporation (NYSE:HLT) announced today that it has sold the 395-room Hilton DFW Lakes Hotel & Executive Conference Center in Dallas, Texas, to an affiliate of Somera Capital Management for approximately $65.5 million. It is estimated that the new ownership will spend $6 million in additional capital to upgrade the property. The hotel will continue to operate as a Hilton branded property under the terms of a 20-year franchise agreement with Delaware-based Perini-Grapevine, Inc. "We are pleased with the terms of this deal, which allows us to sell the hotel at an attractive price, while having it remain part of the Hilton brand through a franchise agreement," said Dave Sherf, senior vice president - Asset Management, Hilton Hotels Corporation. "By renovating this hotel we will create a superior product in the vibrant and expanding DFW/Grapevine market," said David Brown, president and CEO of Somera Capital Management. "We are excited to work with our partners, Quorum Hotels and Resorts, the principals of which were involved in developing and operating this asset over 20 years ago." Hilton Hotels Corporation is recognized internationally as a preeminent hospitality company. The company develops, owns, manages or franchises approximately 2,300 hotels, resorts and vacation ownership properties. Its portfolio includes many of the world's best known and most highly regarded hotel brands, including Hilton(R), Conrad(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R), Hilton Grand Vacations Club(R) and Homewood Suites by Hilton(R). Somera Capital Management, LLC, founded in 1994, manages a diversified portfolio of private equity investments in real estate located across the United States. The company identifies and consummates unique value-added investment opportunities with local or specialty operating partners, and currently utilizes capital from Somera Realty Value Fund, L.P., a closed-end private equity fund. Since Somera Capital's formation, the firm has acquired and managed assets with a combined total market value in excess of $1.5 billion.
Mandarin Oriental Hyde Park announces the reopening of its historic and celebrated ballroom on 14 February 2006 following a six week restoration programme. In 1911, renowned architects Mewès and Davis enchanted London with their French classical designs from the Louis XV period, for the Hyde Park Hotel’s ballroom and adjoining rooms. The ballroom became infamous in following years when Her Majesty Queen Elizabeth II and the late Princess Margaret first learned to dance on what is now, London’s only sprung dance floor. Almost a century later, Mandarin Oriental Hyde Park is proud to announce the completion of the restoration programme undertaken by royal architects Donald Insall Associated Ltd. World-renowned as a London landmark and a ‘royal’ hotel, the greatest of care was taken to ensure the restoration was loyal to the hotel’s opulent Victorian heritage whilst also providing the comfort and advanced technology required of a contemporary establishment. Custodians of the programme, architects Donald Insall - famous for their conservation of royal residence Windsor Castle after the 1992 fire - have been triumphant in their use of traditional methods and materials. Several faux material and structural features that were in conflict with Mewès and Davis original vision have been removed. In their place, new wall lighting and mirrors, a black border on the marble floor and a graceful platinum-leaf ceiling provide a lightness and fluidity as guests move upstairs towards the ballroom. Hands rest on an elegant ironwork balustrade inspired by original designs from the Palace of Versailles before alighting the grand staircase through to the foyer
Swissôtel Ankara to Open in April 2006 Raffles International signed a management contract with Gulsan Insaat, Sanayi, Turizm, Nakliyat ve Ticaret A.S. on 14 December 2005, to manage a new hotel development in Ankara under the Swissôtel brand. The 150-room deluxe hotel will be named Swissôtel Ankara and is scheduled to open in April 2006. The new Swissôtel Ankara marks Raffles International’s further expansion into Turkey. The group already operates Swissôtel The Bosphorus in Istanbul and Swissôtel Göcek Marina & Spa Resort, with two additional projects currently under development in Bursa and Izmir. Mr Meinhard Huck, Managing Director of Swissôtel Hotels & Resorts, commented, “Turkey’s phenomenal growth in the tourism sector has greatly contributed to the success of our two existing Swissôtel properties in Istanbul and Göcek. Riding on this success, we are indeed delighted and look forward to the opening of Swissôtel Ankara in the Turkish Capital. Swissôtel Ankara will deliver the finest in Swiss hospitality with its exquisite hotel facilities, and warm, efficient service. It will no doubt complement the expected increase in tourist arrivals to Turkey, given the growing demands for more exotic vacations and event venues. We are also honoured that Gulsan Insaat, Sanayi, Turizm, Nakliyat ve Ticaret A.S. has entrusted us to manage its new development in Ankara.”
Lodgian Upgrades Maryland Holiday Inn To Crowne Plaza Lodgian, Inc. has converted the former 231-room Holiday Inn here to the Crowne Plaza brand, following an 11-month, $6 million complete make-over of the property. The renovation of the 16-story Crowne Plaza Washington, D.C.— Silver Spring included extensive upgrades to its guestrooms, including installation of the Crowne Plaza Sleep Advantage program and other brand amenities, mahogany furnishings, a rolling desk with task lighting and marble vanity tops in the bathrooms. All public spaces, including meeting rooms, restaurant and lobby, also were upgraded, which included the installation of new lobby furnishings and carpeting and the addition of a new Internet cafe in the lobby serving Barnie's coffee products.
Noble House To Manage San Diego Hilton Noble House Hotels & Resorts has assumed management of the 357-room Hilton San Diego Resort. The hotel features 16,000-square feet of meeting space as well as a business center, fitness center, outdoor pool, restaurant, lounge, and poolside bar.Seattle-based Noble House owns or manages 13 hotels and resorts in six states. Earlier this month, the firm assumed management of the 158-room University Tower Hotel in Seatlle, following acquisition of the hotel by LaSalle Hotel Properties.
Movenpick Hotels & Resorts new in Dusseldorf as of 2008 Another Hotel is to be added to Movenpick Hotels & Resorts’ portfolio within Germany as of 2008. The Swiss international hotel chain recently signed a contract of lease with LIP (Ludger Inholte Projektentwicklung) for a new 4-star business hotel in Dusseldorf. The Hotel is to cater first and foremost for business executives and trade fair visitors. "Dusseldorf is an important milestone in our expansion strategy", explains Stefan Flury, Senior Vice President Europe Movenpick Hotels & Resorts. "With Ludger Inholte Projektentwicklung we have found the right partner for this project, and we look forward to offering our guests our genuine Swiss hospitality in Dusseldorf as of 2008."The Movenpick Hotel Dusseldorf is Movenpick’s 17th hotel in Germany. In addition to the existing 13 hotels, three projects are currently under construction in Frankfurt, Hamburg and Stuttgart. The Movenpick Hotel Frankfurt-City is to be completed first, its inauguration scheduled to coincide with the 2006 World Cup.
Best Western International welcomes Best Western Carrollton Inn & Suites Best Western International announces the opening of the Best Western Carrollton Inn and Suites at Carrollton, Georgia. The Best Western Carrollton Inn and Suites is conveniently located near business and leisure activities. “Best Western is proud to welcome the brand-new Carrollton Inn and Suites to our chain,” said Mark Williams, vice president, North American Development for Best Western International. “This property offers comfortable amenities and is a convenient lodging choice for travel in and around the Atlanta area.” In addition, the Best Western Carrollton Inn and Suites, owned by Vasant A. Patel, participates in the brand’s worldwide, toll-free reservations system, as well as centralized advertising, marketing, purchasing, quality assurance standards, training and interior design services.
Club Med celebrates inauguration of Buccaneer`s Creek Resort in Martinique Club Med debuted its new Club Med Buccaneer’s Creek resort on the French West Indies island of Martinique on Saturday, December 17. The reopening of this resort, represents an important step in Club Med’s ongoing global expansion and its commitment to the needs of today’s upscale traveler. Saturday also marked Club Med’s inauguration of direct charter services from New York’s JFK airport to Fort de France, Martinique. The plane transported Buccaneer Creek’s first guests and a group of travel industry leaders to celebrate the inauguration. The group included Liberty Travel C.O.O. Cathy Pelaez, who commented, "The opening of the new generation Club Med at Buccaneer’s Creek was spectacular. Buccaneer`s Creek is back more beautiful and upscale than ever before - our agents are also very excited to have this new and luxurious product to offer clients who are looking for an international, sophisticated vacation."
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