NEW YORK—Committed occupancy for August to December 2012 is up 5.4 percent and average daily rate (ADR) is up 5.0 percent. The growth is driven by the transient segment with an occupancy increase of 5.6 percent and an ADR increase ...
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Feed SubscriptionBattling Bacteria
Legionnaires’ disease has hospitalized, and in some cases killed, nearly 100 travelers in the United States, Spain, and Canada already this year. The disease is a form of pneumonia that stems from legionella bacteria growth in commercial water systems, including ...
Read More »Interstate Hotels & Resorts Announces Management of an Eight-Hotel Portfolio
ARLINGTON, Va.— Interstate Hotels & Resorts announced it has transitioned management of an eight-hotel portfolio owned by an affiliate of Investcorp International, Inc., a leading provider and manager of alternative investment products. The portfolio aggregates to 2,096 rooms and consists ...
Read More »Starwood Hotels & Resorts Debuts Sheraton Fuzhou Hotel
FUZHOU, China—Starwood Hotels & Resorts Worldwide, Inc. announced the opening of the Sheraton Fuzhou Hotel in Fuzhou’s newly built, modern business district in China’s Fujian province. The hotel is owned by the Zhonggeng Group. “We’re excited to bring the Sheraton ...
Read More »Strategic Hotels & Resorts Closes Acquisition Of The JW Marriott Essex House Hotel
CHICAGO—Strategic Hotels & Resorts, Inc. (“Company”) announced that it has closed on the acquisition of the JW Marriott Essex House Hotel in New York City for a gross purchase price of approximately $362.3 million. Strategic Hotels has established a joint ...
Read More »Wyndham Vacation Ownership Acquires Shell Vacations LLC
PARSIPPANY, NJ—Wyndham Worldwide announced that its subsidiary, Wyndham Vacation Ownership (WVO), has acquired privately held Shell Vacations LLC (Shell) and its subsidiaries. Shell is one of the largest independent vacation ownership club and property management groups, serving approximately 115,000 members ...
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