Magnuson Hotels, the world’s largest independent hotel group, has announced the rebranding of a Best Western hotel in Lawrenceville, GA to the Magnuson Hotel Lawrenceville. The 50-room hotel has a storied 19-year history in the area, and hopes to continue its success under the new flag. Owner Brij Patel believes the switch to the Magnuson brand [...]
The luxury Paradisus resort brand has recently expanded its portfolio with two new Mexican properties, the Paradisus Playa del Carmen La Esmeralda and the Paradisus Playa del Carmen La Perla. Both are scheduled to open in late 2011. The two resorts will be located along the luxurious Playa del Carmen enclave along the eastern shore [...]
The world’s largest independent hotel group, Magnuson Hotels, has announced that they are completely rebranding the Magnuson Grand Hotel and Conference Center in Raymond, IL. Formerly part of the Best Western brand for five years, the 98-room Magnuson Grand Hotel is now seeking to upgrade its market position on local, regional and national levels within [...]
InterContinental Hotels Group Plc (IHG), one of the largest lodging companies globally, has announced today that room rates are expected to increase this year after the revival of business and leisure travel from the recession. After the economic downturn that caused hotel groups to trim their spending, it is now safe to say that the [...]
A new study released by MKG Hospitality shows that the UK and Germany have become Europe’s most active markets for chain hotel development over the last decade. Both markets have shown considerable growth between the period of 2000 and 2010. Chain supply in the UK has increased to 47%, reaching up to 251,323 rooms. It [...]
Irish property group Harcourt Developments may be in talks with potential buyers to sell the Bahamas property it acquired in 2007. The Royal Oasis, which was purchased three years after the resort was closed down due to damages wrought by hurricanes, includes a casino, golf course and timeshare complex amounting to €25 million (nearly $35 [...]
The Spanish hotel group AC Hotels and Marriott International (NYSE: MAR) have announced joint venture to manage and franchise a new lodging brand, AC Hotels by Marriott, across Europe and Latin America. Under the partnership, Over 90 AC Hotels located in Spain, Italy and Portugal will be re-launched as AC Hotels by Marriott. According to [...]
Wyndham Hotel Group, part of Wyndham Worldwide family of companies (NTSE: WYN), recently announced its agreement with Chatwal Hotels & Resorts, LLC, to gain exclusive rights to franchise and manage Dream and Night boutique hotel brands globally. As of the moment, Dream and Night hotels are located in New York; Bangkok, Thailand; and Cochin, India. [...]
Range Hospitality, a hotel company with a focus on religious hospitality, recently announced that it was entering into a partnership with the Bahrain-based Al Daaysi Group. The partnership was announced in a press conference hosted by Essa Al Daaysi, the Managing Director of the Al Daaysi Group, and Munaf Ali, Chief Executive Officer of Range [...]
Lloyds Banking Group and the Orr family have announced their plan to sell the recently rebranded Mint Hotels for £550 million (approximately $865.8 million). Over the next few weeks, an information memorandum for prospective buyers is expected to be issued, with joint-owners appointed investment bank JP Morgan Cazenove presiding the sale. Mints, whose objective is [...]