Choice Hotels CEO Lays Out the Plan to Buy More Upscale Hotels
Choice Hotels could add two upscale brands that cater to different customers if the right opportunity comes along. There is at least one viable takeover candidate.
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Bill Marriott to retire from Marriott board
After more than 60 years of leadership, J.W. (Bill) Marriott Jr. has confirmed to the board of directors of Marriott International Inc…
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Andrea Scherz Named Chairman of The Leading Hotels of the World’s Executive Committee
The Leading Hotels of the World (LHW) has elected Andrea Scherz as the chairman of its Executive Committee. Scherz, who held the position since the New Year, is the proprietor and general manager of Gstaad Palace in Switzerland…
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Gender Gap Narrows in Hospitality Leadership Roles
Castell Project Reports 1 in 6 Women Hold Vice President Titles With Hotel Companies. Women are growing their presence in leadership roles in the U.S. hospitality industry, both in executive positions as well as in public-speaking engagements…
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IHG Announces Retirement of Patrick Cescau As Chair
InterContinental Hotels Group ("IHG") today announces: The retirement of Non-Executive Chair Patrick Cescau from the IHG Board, effective 31 August 2022…
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Asia's richest man is buying the Mandarin Oriental in New York for $98 million
Asia's biggest billionaire, Mukesh Ambani, has snapped up a controlling stake in the Mandarin Oriental in New York City for just over $98 million.
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A Practical Guide to Hotel Appraisals
As hotel lodging performance continues to recover from the effects of Covid-19, there have been increasing signs that investors are again buying, selling or refinancing of hotel assets…
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David Kong receives inaugural Arne Sorenson Social Impact Leadership Award
The American Hotel & Lodging Association (AHLA), The American Hotel & Lodging Foundation and The BHN Group have revealed that David Kong, the recently retired president/CEO of BWH Hotel Group, has been named the inaugural recipient of the Arne…
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5 reasons why to start a business is during a recession
Despite the setbacks of the pandemic, 2021 actually looks brighter regarding economic projections and business possibilities…
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Distressed Hotels: Financial Restructurings and Bankruptcy
COVID-19 has been devastating for the hospitality industry. Hotel occupancy rates are still well below normal. While some lenders are still granting relief to borrowers, lenders increasingly have been foreclosing on properties…
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The Corona virus Pandemic is far from over,” screams the most recent Deutsche Welle (DW) headline…
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Web Exclusive: Modular a good choice for luxury
As the popularity of modular construction in hospitality continues to grow, so does its use in upscale and luxury properties.
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Macao casino shares tumble after police arrest Suncity founder
Macao casino stocks slid on Monday, rattled by the arrests of 11 people over alleged links to cross-border gambling and money laundering, with the founder of the gaming hub's biggest junket operator among those detained…
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Former Apple Leisure Group chairman expects all-inclusive boom to continue
Two decades ago, Alex Zozaya looked into his hospitality crystal ball and saw boom times for all-inclusive resorts, a prediction that proved prescient.
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IN THE BIG CHAIR - NICOLAS HUSS OF HOTELBEDS
Nicolas Huss became CEO of Hotelbeds just over six months ago, taking up the reins from chairman Joan Vila. Huss has a background in the financial and payments industry and was previously CEO of Ingenico and Visa Europe…
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INTERVIEW: STEPHEN ALDEN, CEO, RAFFLES & ORIENT EXPRESS
Following a remarkable career spanning three decades in the hospitality industry, Stephen Alden was appointed CEO of Raffles and Orient Express in May…
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MGM Resorts to Acquire Operations of the Cosmopolitan in Las Vegas for $1.625b
MGM Resorts International announced that the Company has entered into a definitive agreement with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the "property" or "The Cosmopolitan") for cash consideration of $1.625 billion…
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INTERVIEW: STEFAN RIER & LUKAS RUNGGER, FOUNDERS, NOA
When Stefan Rier and Lukas Rungger first met and bonded over a few beers, they didn’t realise how significant their friendship and shared design ethos would be…
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