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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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Laurus Corporation Acquires Marriott Warner Center Hotel

Laurus Corporation Acquires Marriott Warner Center Hotel

WOODLAND HILLS, Calif.—Laurus Corporation, a U.S.-based private real estate investment and development firm, has acquired the Marriott Warner Center hotel in Woodland Hills, Calif. Woodland Hills is located in the heart of Los Angeles County’s San Fernando Valley region, an ...

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Hotels See Growth in Bookings Across Travel Segments

Hotels See Growth in Bookings Across Travel Segments

NEW YORK—Hotels in major North American markets are continuing to experience steady growth in both rate and occupancy across travel segments, according to data from the July 2014 TravelClick North American Hospitality Review (NAHR). “While the transient segment has been ...

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FelCor Completes Exchange of 10 Joint Ventures Hotels

FelCor Completes Exchange of 10 Joint Ventures Hotels

IRVING, Texas—FelCor Lodging Trust Incorporated announced that it unwound joint ventures that owned 10 non-strategic hotels. Through an exchange of interests, FelCor now owns five of those hotels outright, and its joint venture partner owns the other five. The company ...

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Is There Good News for Hotels in Atlantic City?

Is There Good News for Hotels in Atlantic City?

Despite all the headlines about a number of casino hotels closing and the rapid downward spiral in gaming revenues in the last few years, analysts and representatives of Atlantic City’s hotel and tourism industry do see positive signs. For instance, ...

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