Hotel Industry News

Holiday Inn Express Edinburgh - Waterfront in Scotland marks milestone in the $1 billion relaunch - More

Changes in Consumer Consciousness about Environment, Culture, and Interconnectedness Are Creating New Modes of Travel - More

Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor, today announced the completion of the merger with Hotel Acquisition Company, LLC, a 50/50 joint venture between subsidiaries of Thayer Hotel Investors V-A LP, a private equity fund sponsored by Thayer Lodging Group, and Shanghai Jin Jiang International Hotels (Group) ... - More

Starwood Capital Group, TPG Capital and Five Mile Capital Partners announced today that they have reached an agreement to invest up to $905 million in Extended Stay Hotels, Inc. as part of a recapitalization plan that would allow the hotel chain to emerge from bankruptcy. - More

Pay before you stay, and save. That has been the deal with online travel sites and discount tour operators. Now, an increasing number of hotels are slashing room rates if you ante up in full in advance and forego a refund if you don't show up. - More

Earlier this year, Marriott introduced the Autograph Collection brand, as a group of independent hotels and resorts representing upper-upscale and luxury properties with distinctive personalities. To launch the Autograph Collection, Marriott has partnered with Kessler, a renowned hotelier and avid art collector, whose independent properties are ... - More

Hotel occupancy rates are forecast to rebound this year in the U.S. and Europe. Room prices may follow in 2011, according to analysts including Patrick Scholes at FBR Capital Markets & Co. Some luxury hotels have already been able to lift rates as demand for $600 rooms, butler service and poolside cabanas recovers in cities such as Miami, New Yo... - More

The Grand Luxxe, a Grupo Vidanta hotel, is located in Nuevo Vallarta just 20 minutes north from the Puerto Vallarta airport and will open to guests April 2010. With the opening of the Grand Luxxe, vacationers to Nuevo Vallarta will have the option of an incomparable high luxury vacation experience. - More

Worldwide over 1,515 luxury hotels and 2,150 first class hotels with, in total, more than 1 million guest rooms are under construction. - More

Do the Radisson Franchisees Agree with Carlson's billion-dollar Makeover Program? At Last: A Win-Win Victory for Tourism; Congratulations to the Harris Rosen Foundation - More