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2008-08-04 Hotel Development News

Development

Hilton Hotels Sets New Global Standard For Small & Medium Meetings
Hilton Meetings expands with launch in North America and focus on smarter, eco-friendly, more personalized small and medium meetings ...more

NH Hoteles cuts back plans in face of weak economy
Spanish hotel chain NH Hoteles (NHH.MC) will scale back its three-year expansion plan in the light of weak economic conditions, it said on Wednesday as it posted a 20 percent fall in first half net profit. ...more

InterContinental Hotels Group signs third Kiev hotel
InterContinental Hotels Group (IHG) today announces it has signed an agreement to develop its first Crowne Plaza hotel in the Ukraine capital. ...more

Fairmont Announces New Hotel Project in Abu Dhabi
Fairmont Hotels & Resorts announces a second project in the capital of the United Arab Emirates (UAE) on Abu Dhabi Creek. Positioned at the mainland gateway to the city, the Fairmont Abu Dhabi Creek is scheduled to open in 2009. ...more

Mövenpick Hotels & Resorts stakes first claim in Vietnam
Mövenpick Hotels & Resorts' first foray into Asia's hottest hotel development market centres on the country's very first upscale property. ...more

Carlson Hotels Worldwide Signs 38 New Properties in the Second Quarter of 2008
The new hotels and resorts span 13 countries, including 14 Radisson and Radisson SAS properties, 13 Country Inn & Suites By Carlson(SM) properties, two Park Plaza hotels, and nine Park Inn locations. ...more

Rezidor: 2008 a New Record Year in Terms of Contracting New Hotel Rooms
Following a positive half-year result 2008 with growth in revenue, EBITDA and EBITDA margin The Rezidor Hotel Group (STO:REZT)further follows an ambitious and strategic business development. ...more

Starwood Hotels & Resorts and ADNEC to Introduce the First Element Hotel in the Middle East
Striking Element extended-stay brand is to become a part of Abu Dhabi's AED 8 billion (US$2.3 billion) Capital Centre ...more

Rezidor Announces Three New Hotels In Norway
Three new hotels with a total of 704 rooms. ...more

$1.3 Billion Investment Revitalizes Hyatt Regency Portfolio in North America
Sweeping, multi-year capital infusion at key business and resort hotels draws on Hyatt heritage of innovation and distinctive design ...more

Pauma Band of Luiseno Indians Announce Memorandum of Understanding With County of San Diego on Resort Expansion
The agreement provides financial contributions to the County to be used primarily towards quality of life improvements for County and Tribal residents. The money will also be used to mitigate the possible impacts of the Tribe's new destination casino resort. The agreement is in accordance with the state of California Tribal-State Gaming Compact. ...more

Hotel Brokers International Completes 22 Transactions in 2008 Second Quarter, 43 in First Half
Price Per Hotel Up Significantly ...more

The Dorchester Collection expands portfolio in North America with The New York Palace and Hotel Bel-Air
U.S. presence grows with timely addition of iconic properties in New York and Los Angeles ...more

Auberge Resorts to Manage Rancho Valencia Resort and Spa and La Valencia Hotel
Auberge Resorts, developers, owners and operators of award-winning luxury resorts, announced today that it has signed a management agreement to operate Rancho Valencia Resort and Spa in Rancho Santa Fe, Calif., and its sister property, the historic La Valencia Hotel in La Jolla, Calif. ...more

Hyatt Hotels & Resorts to Open Hyatt Regency Chongqing in 2012
Hyatt Hotels & Resorts and R&F Properties Co., Ltd. have announced the signing of an agreement for Hyatt to manage a luxurious new 354-room hotel in Chongqing, the most populous city in China. ...more

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