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IHG to Develop 10 Hotels in Germany by 2019

IHG to Develop 10 Hotels in Germany by 2019

InterContinental Hotels Group has announced the signing of its latest multiple development agreement (MDA) to develop 10 hotels in Germany by 2019 with first time franchisee for the company, Interstar. IHG’s growth strategy continues to gain momentum in Germany with ...

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Loews Chicago Opens

Loews Chicago Opens

NEW YORK—Loews Hotels & Resorts today announced that the new Loews Chicago Hotel has officially opened. “Returning to Chicago with a branded hotel has been a goal of ours for some time now,” said Jonathan M. Tisch, chairman, Loews Hotels ...

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Digicel and Marriott Open Haiti Hotel

Digicel and Marriott Open Haiti Hotel

PORT-AU-PRINCE, Haiti—The new Marriott Port-au-Prince Hotel checked in its first guests yesterday. Joined by Haiti President Michel Martelly and former U.S. President Bill Clinton at a celebration ceremony, Digicel Group Chairman and Founder Denis O’Brien and Marriott International President of ...

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DiamondRock Hospitality Acquires Shorebreak Hotel

DiamondRock Hospitality Acquires Shorebreak Hotel

BETHESDA, Md.—DiamondRock Hospitality Company (the Company) announced today that it recently acquired the Shorebreak Hotel (Hotel) in Huntington Beach, California, for a purchase price of $58.5 million. The purchase price represents a 12.8 multiple on 2015 forecasted Hotel earnings before ...

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