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Marriott International Sells Miami Beach EDITION Hotel

Marriott International Sells Miami Beach EDITION Hotel

BETHESDA, Md.—Marriott International, Inc. announced it has sold The Miami Beach EDITION hotel for cash proceeds of $230 million. The sale is the second in a series of three anticipated sales of Marriott-owned EDITION hotels to companies ultimately owned by ...

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Big Hotel Companies Recap 2014 Performance

Big Hotel Companies Recap 2014 Performance

This was a big week for the brands with Marriott International, Hyatt Hotels, Hilton Worldwide, Starwood Hotels & Resorts Worldwide, and InterContinental Hotels Group reporting 2014 earnings and Starwood’s Frits van Paasschen stepping down from his position as president and ...

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Priceline Reports Strong End-of-Year Earnings

Priceline Reports Strong End-of-Year Earnings

For the fourth quarter of 2014, Priceline Group reported gross profit of $1.7 billion, a year-over year increase of 26 percent. Fourth-quarter bookings—the total value of all travel services purchased by Priceline customers—increased 17 percent from the prior year to ...

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