Home / Author Archives: Lodging Staff (page 42)

Author Archives: Lodging Staff

Feed Subscription

Group Makes Bid for Grosvenor House, Plaza

A U.K. multifamily office and two Middle Eastern partners have made a $1.3 billion bid to acquire the Grosvenor House hotel in London and majority stakes in The Plaza and Dream Downtown hotels in New York. If the deal goes ...

Read More »

Excess Rooms Push Rate Drops in China

China’s excess in supply has forced owners to reduce rates to attract customers. As many as four in 10 rooms in China have been empty as of late due to a proliferation of hotel chains, reports The Wall Street Journal. In the ...

Read More »

Tourism Spending Remains Bright Spot in Leisure

Tourism Spending Remains Bright Spot in Leisure

NEW YORK—U.S. leisure company growth will decelerate but remain positive for the balance of 2016, according to Fitch Ratings. Tourism spending remains a bright spot for the sector, outpacing total U.S. GDP growth as well as the leisure GDP subcomponent. ...

Read More »

Preferred Hotels Joins Forces with UnionPay International

Preferred Hotels Joins Forces with UnionPay International

CHICAGO—Today, Preferred Hotels & Resorts entered into a global partnership with UnionPay International as part of its continuous campaign to court the booming Chinese outbound market by making it easier for travelers to consume the independent hotel experience. Effective through ...

Read More »

Park South Hotel Finishes $20 Million Revamp

Park South Hotel Finishes $20 Million Revamp

NEW YORK—With the recent opening of Covina and Covina Café by James Beard Award-Wining Chef Tim and Nancy Cushman, the Park South Hotel, owned and developed by Atlantic Stars Hotels & Cruises, has completed its $20 million dollar top-to-bottom renovation ...

Read More »
Scroll To Top