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Benchmark and Gemstone Unveil New Company, New Identity, 4 Distinct Brands
The launch of the combined, iconic companies, to be known as “BENCHMARK”, a global hospitality company, will include over 70 unique and distinctive hotels, resorts and conference centers, 8,000 guestrooms, 10,000 employees and a combined management team of highly respected hospitality executives from both companies.
September 26, 2016 read more...

Hyatt Regency Hotel in Phnom Penh, Cambodia Annunced for 2020
Hyatt Hotels Corporation (NYSE: H) announced last week that a Hyatt affiliate has entered into a management agreement with Chip Mong Group for a Hyatt Regency hotel in Cambodia’s capital, Phnom Penh. Expected to open in 2020, Hyatt Regency Phnom Penh will mark the first Hyatt Regency hotel in Cambodia, and will add to Hyatt’s growing footprint in Southeast Asia.
September 26, 2016 read more...

Hyatt Regency Birmingham in the United Kingdom Sold for £38.6 Million
Hyatt Hotels Corporation (NYSE: H) yesterday announced that a Hyatt affiliate has sold Hyatt Regency Birmingham for approximately £38.6 million to an affiliate of Bin Otaiba Investment Group. The purchaser will also spend approximately £2.7 million in additional capital expenditures to further improve the property over the next three years.
September 23, 2016 read more...

AC Hotel Nulu in Louisville to Break Ground in the First Quarter of 2017
Concord Hospitality Enterprises Company announced yesterday that it plans to open Kentucky’s first AC Hotel by Marriott in the trendy Nulu neighborhood in downtown Louisville.
September 23, 2016 read more...

Le Méridien Etoile Hotel in Paris Completed Renovation Program
From the birthplace of the brand, Le Méridien Hotels & Resorts – part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) – today marked a milestone as its first-ever hotel and celebrated flagship in Paris revealed the completion of its multi-million dollar renovation.
September 23, 2016 read more...

Marriott International Completes Acquisition of Starwood Hotels & Resorts Worldwide
Becomes World's Largest Hotel Company With 30 Brands and Over 5,700 Properties
September 23, 2016 read more...

Starwood Specialty Select Brands Power Record-Setting Global Growth with 132 Hotel Deals Signed and 30 Hotels Opened So Far in 2016
Aloft, Element and Four Points by Sheraton on Track to Sign all-time High Record Number of New Deals in 2016
September 21, 2016 read more...

Holiday Inn Dubai Science Park Hotel Announced for 2019
The newly built hotel will operate under a management agreement with an affiliate of the Rolaco Group, who also own InterContinental Dallas, InterContinental Semiramis, InterContinentalGeneva, Crowne PlazaGeneva, and Crowne Plaza Zurich.
September 21, 2016 read more...

Hilton Grand Place Brussels Hotel Sold for MEUR 55
Pandox AB has entered into an agreement to acquire Hilton Grand Place Brussels, Belgium. The hotel is a full service hotel in the premium segment with 224 rooms and an attractive meeting product. The purchase price amounts to MEUR 55, corresponding to approximately MSEK 525, and is financed by existing credit facilities.
September 21, 2016 read more...

Starwood's Tribute Portfolio Adds Seven Hotels & Resorts
Tribute Portfolio, a collection of high-end independent hotels and resorts from Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced robust expansion plans for the brand through seven new signings, increasing its footprint to nearly 30 hotels worldwide.
September 21, 2016 read more...

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