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IHG Expands the Holiday Inn Brand in Ecuador

IHG Expands the Holiday Inn Brand in Ecuador

MIAMI—InterContinental Hotels Group has announced the signing of a new Holiday Inn hotel in Quito, Ecuador. This property brings three IHG-branded hotels to Ecuador including the current Holiday Inn Express Quito hotel and the upcoming Holiday Inn Guayaquil Airport hotel ...

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Occidental Completes Long-Term Debt Refinancing

Occidental Completes Long-Term Debt Refinancing

MADRID—Following months of negotiations, Occidental Hotels and Resorts has concluded its long-term debt refinancing process through an agreement with 10 Spanish and International entities which have endorsed the company’s 2012-2016 business plan. The process, supervised by financial advisors of the ...

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Value Place Begins Construction in Lake Charles, La.

Value Place Begins Construction in Lake Charles, La.

WICHITA, Kan.—WICHITA, Kan.—Value Place announced today that construction has begun on a new property in Lake Charles, La. Scheduled to be completed in October 2013, the four-story, 124-room building will be built to the company’s recently announced “Value Place 2.0” ...

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Paramount Hotels Partners with Preferred Hotel Group

Paramount Hotels Partners with Preferred Hotel Group

DUBAI—Paramount Hotels and Resorts has partnered with Preferred Hotel Group to support its entry into the hotel industry, as announced at Arabian Travel Market today. The global relationship begins with an agreement for the first Paramount-branded hotel—DAMAC Towers by Paramount—to ...

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