Entries Now Open For Skift IDEA Awards 2024
Skift Take - Entries are now open for the 2024 edition of the Skift IDEA Awards, the travel industry’s annual recognition of excellence in design, creativity, and innovation…
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Owner Defaults on San Francisco Financial District Hilton Hotel
The InterGroup Corporation is a Delaware corporation formed in 1985, as a successor to Mutual Real Estate Investment Trust, a New York real estate investment trust created in 1965…
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A Norwegian venture into hotel entrepreneurship in Cambodia
In 2003, Norwegian Karl Johan Remoy embarked on a journey. A journey that would take him from being a globetrotting consultant to becoming an entrepreneur in Cambodia’s hotel industry…
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Mastering the art of hotel investment: Crafting an exit strategy
Planning an exit strategy is an essential component of hotel investment that enables investors to align their objectives and goals with a well-defined roadmap for exiting their investment…
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Lake District manor hotel sold after 40 years
Aynsome Manor Hotel has been acquired off a guide price of £1.15m - Aynsome Manor Hotel in Cartmel, Lake District has been sold for £1.15m after 40 years under the same family ownership…
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Hotelier and magician Sarah and James Brown deeply missed
I admit that I have always felt a weakness for great hotels that have been doing exceptionally well for more than a century. Day by day, minute by minute…
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GAW CAPITAL SELLS SINGAPORE’S HOTEL G TO CAPITALAND’S ASCOTT FOR $180M
Gaw Capital Partners has completed the sale of the Hotel G in Singapore to an entity controlled by CapitaLand Group, according to corporate records filed with local authorities…
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Profits at Pettitt’s Talbot hotel and supermarket group Torski tumble by almost €2m
Post-tax profits at the business behind the four-star Talbot hotel group and the long-established Wexford-based Pettitt’s supermarkets fell by nearly €2m as inflationary pressures bite…
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Meet the Icelandic hotel owner who refused to leave evacuated town even as volcano set to erupt
‘The whole of Iceland could erupt at any time’ claims defiant Grindavik hotel owner who has lived in fishing port for more than 50 years - While others fled the earthquake that split the streets of an Icelandic town, one man refused to comply with…
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He spent millions restoring this S.F. hotel for tourists. Now he wants it to become homeless housing
The online reviews of the Best Western Red Coach Inn, located on the edge of San Francisco’s beleaguered Tenderloin district, are unsparing…
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Alexander Hotel Collection co-founder Peter Hinchcliffe dies aged 76
Peter Hinchcliffe, the co-founder of the Alexander Hotel Collection, has died at the age of 76 following a battle with cancer…
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Receiver appointed for troubled Garibaldi at Squamish resort proposal
The $3.5 billion proposal for a major resort north of Squamish hits snag on disagreements on how to proceed an the operating firm's default on loans…
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Foley Entertainment Group Expands Luxury Hotel Portfolio with Acquisition of MacArthur Place
Iconic Sonoma, Calif., hotel and spa the latest addition to FEG's hospitality vertical - Foley Entertainment Group (FEG), established by businessman and Sonoma Valley vintner, Bill Foley, has acquired Sonoma’s iconic MacArthur Place Hotel & Spa from…
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The owner of the historic Bancroft Hotel in Berkeley now wants to turn it into mostly offices, instead of an apartment complex…
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Developer-led company 216 blocks - A newly opened Portland tower block anchored by the Ritz-Carlton Hotel has defaulted on a $127 million loan on a California hotel project…
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Saudi wealth fund to buy 49% of luxury hotel chain Rocco Forte
Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday…
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The Sedona Hotel Yangon in Myanmar is set to reopen Friday after an extended shutdown due to COVID-19 and the military's 2021 takeover of the government, with limited demand expected from business travelers and well-off domestic customers…
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ROI: How to balance the dynamics of hotel brand standards
Industry leaders explore the intricate balancing act of maintaining brand consistency while allowing room for the individuality and uniqueness that hotels need to flourish in an ever-evolving market.
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