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Deutsche Bank to Lend $1.9B to Kyo-ya Hotels & Resorts

Deutsche Bank to Lend $1.9B to Kyo-ya Hotels & Resorts

Deutsche Bank AG will lend $1.9 billion to Kyo-ya Hotels & Resorts LP, owner of five Starwood-branded hotels in Hawaii and one in San Francisco, reports Bloomberg Businessweek. The Frankfurt-based lender, which was competing with Credit Suisse Group AG, JPMorgan ...

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Marriott’s Frequent Guest Program Ranks No. 1

Marriott’s Frequent Guest Program Ranks No. 1

Marriott’s frequent guest program ranks highest among hotel loyalty/rewards programs, shows a consumer survey released April 11. Marriott Rewards received an overall customer satisfaction score of 707 on a 1,000 point scale, according to the inaugural J.D. Power 2014 Hotel ...

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GBTA Increases U.S. Business Travel Spending Projection

GBTA Increases U.S. Business Travel Spending Projection

The Global Business Travel Association now expects U.S. business travel spending to rise 7.1 percent in 2014 to $293.3 billion, a substantial upgrade from the 6.6 percent growth to $289.8 billion GBTA predicted last quarter. GBTA attributed the forecast upgrade ...

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La Quinta Launches IPO

La Quinta Launches IPO

La Quinta Holdings Inc. announced the pricing of its initial public offering of 38.25 million shares of its common stock at a price to the public of $17 per share. La Quinta has granted the underwriters a 30-day option to ...

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Google Enters Licensing Deal with Room 77

Google Enters Licensing Deal with Room 77

Startup Room 77 has licensed its hotel-search technology to Google, according to the Wall Street Journal. Room 77 cofounder and chief technology officer Calvin Yang has joined the Google team as part of the deal. Room 77 allows users to ...

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