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IHG to Sell InterContinental Paris – Le Grand for $442M

IHG to Sell InterContinental Paris – Le Grand for $442M

InterContinental Hotels Group today announces that it has received a binding offer from Constellation Hotels Holding Limited to acquire InterContinental Paris – Le Grand. The proposed purchase price is $442 million, payable in cash at completion. Constellation has made a ...

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Hyatt Launches Long-Term Seafood Sustainability Strategy

Hyatt Launches Long-Term Seafood Sustainability Strategy

CHICAGO—Hyatt Hotels Corporation announced today a global initiative to increase procurement of responsibly sourced seafood at Hyatt hotels, starting with an initial goal of responsibly sourcing more than 50 percent of their inventory by 2018. As a part of this ...

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Travel Exports Outpace Overall Export Growth

Travel Exports Outpace Overall Export Growth

A new U.S. Department of Commerce report shows that total June exports of $195.9 billion and imports of $237.4 billion resulted in a goods and services deficit of $41.5 billion, down from $44.7 billion in May. In reaction to the ...

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White Lodging Names New Full Service Regional VP

White Lodging Names New Full Service Regional VP

MERRILLVILLE, Ind.—We are pleased to announce that Pete Sams will be joining White Lodging as a new full service regional vice president. Sams’ region will be identified shortly after he joins the organization in early August. After serving honorably in ...

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