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Shift in Hotel Retail Impacts Revenues and Profits

Shift in Hotel Retail Impacts Revenues and Profits

Hotels provide retail operations primarily for guest convenience and satisfaction and, in general, are only a small part of total hotel revenue. For the properties in PKF’s Trends in the Hotel Industry database, retail sales made up just 0.9 percent ...

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Trump Purchases Doonbeg Golf Club in Ireland

Trump Purchases Doonbeg Golf Club in Ireland

NEW YORK—The Trump Organization announced the purchase of the Doonbeg Golf Club in County Clare, Ireland. The acquisition, which was highly sought after by many major hotel and golf companies, marks the 16th golf club in the Trump Portfolio and ...

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Melia Hotels International Expands to Morocco

Melia Hotels International Expands to Morocco

Meliá Hotels International signed an agreement to manage three new hotels under the Meliá Hotels & Resorts brand, to be developed in the tourist destination of Saidia Med in Morocco, including a beach hotel, club hotel, and luxury serviced apartments. ...

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Four Seasons Hotel Orlando Plans Summer Opening

Four Seasons Hotel Orlando Plans Summer Opening

ORLANDO, Fla.—Summer 2014 will welcome a new resort to Orlando and Disney World with the opening of the Four Seasons Resort Orlando at Walt Disney World. The resort is now taking reservations for stays beginning in August 2014. Located near ...

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Omni Acquires Montelucia Resort and Spa

Omni Acquires Montelucia Resort and Spa

DALLAS—Omni Hotels and Resorts and KSL Capital Partners, a leading private equity firm, announced the closing of the purchase and sale of the Montelucia Resort and Spa. The resort will be reflagged under the Omni brand as the Omni Scottsdale ...

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