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Chatwal Pleads Guilty to Illegal Donation Scheme

Sant Singh Chatwal, chairman of Hampshire Hotels Management, has pleaded guilty to a scheme to raise illegal campaign contributions for political candidates using straw donors, according to this report from Bloomberg Businessweek.The Indian-American hotelier pleaded guilty April 17 in a ...

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Deutsche Bank Looking to Sell Cosmopolitan Resort

Deutsche Bank Looking to Sell Cosmopolitan Resort

Deutsche Bank AG is looking to sell the Cosmopolitan of Las Vegas for more than $2 billion, according to this report from Bloomberg. The bank is in talks with potential buyers in an attempt to end a six-year, money-losing venture ...

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Aqua CEO to Also Head Aston Hotels & Resorts

Benjamin Rafter, president and CEO of Aqua Hospitality since 2008, will take on the dual role of president of Aston Hotels & Resorts. Vacation Holdings Hawaii, owner of Aston Hotels & Resorts and a subsidiary of Miami-based Interval Leisure Group, ...

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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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