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The Setai Miami Beach Announces New Ownership

The Setai Miami Beach Announces New Ownership

Miami Beach, Fla.—The Setai Miami Beach has announced new ownership by Nakash Holdings and the von Furstenberg family. Nakash Holdings is a privately held investment company controlled by the founders of Jordache Enterprises, of designer jeans fame. Financier Alex von ...

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Sheraton Expects to Open 20 New Hotels in 2015

Sheraton Expects to Open 20 New Hotels in 2015

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide expects to open at least 20 new Sheraton hotels by year’s end. Strong demand across Asia Pacific is driving future pipeline growth, putting Sheraton on track to cross the 500th hotel milestone in 2016. ...

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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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ADR Continues to Propel Hotel Performance in Early 2015

ADR Continues to Propel Hotel Performance in Early 2015

NEW YORK—Hotels in major North American markets continued to maintain positive growth in rate across all travel segments, according to data from the February 2015 TravelClick North American Hospitality Review (NAHR). Overall, average daily rate (ADR) growth continues to be ...

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