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IHG Signs MDA for 15 New Holiday Inn Express Hotels

IHG Signs MDA for 15 New Holiday Inn Express Hotels

BERLIN—IHG (InterContinental Hotels Group) has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM) to develop 15 new hotels in Russia by 2019, which, when open, will double the size of ...

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Marriott International to Launch New Brand in Europe

Marriott International to Launch New Brand in Europe

BERLIN, Germany—At the Berlin International Hotel Investment Forum (IHIF), Marriott International will debut Moxy Hotels, its first entry into the economy tier, three-star hospitality segment in Europe. Designed to capture the rapidly emerging millennial traveler, the new brand combines contemporary ...

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Cambria Suites Breaks Ground in Washington, D.C.

Cambria Suites Breaks Ground in Washington, D.C.

Silver Spring, MD—Choice Hotels International and Concord Hospitality announced today that construction of the 182-room Cambria Suites hotel in Washington, D.C. has begun “skyward.” As opposed to a traditional groundbreaking event, the “sky break” marks the start of hotel construction ...

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Sequestration Will Impact Travel

Sequestration Will Impact Travel

On Friday, Congress failed to come to a resolution regarding the sequestration, and large, automatic spending cuts are set for federal programs. By the end of the fiscal year, $85 billion in cuts are expected to take place. Although the ...

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