BERLIN—IHG (InterContinental Hotels Group) has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM) to develop 15 new hotels in Russia by 2019, which, when open, will double the size of IHG’s estate there as it stands today, and will introduce the Holiday Inn Express brand to the region for the first time. The 15 new Holiday Inn Express hotels will add approximately 2,250 rooms, when
BERLIN, Germany—At the Berlin International Hotel Investment Forum (IHIF), Marriott International will debut Moxy Hotels, its first entry into the economy tier, three-star hospitality segment in Europe. Designed to capture the rapidly emerging millennial traveler, the new brand combines contemporary design, approachable service, and an affordable price. The brand will debut in Italy, with the first Moxy Hotel expected to open in Milan in early 2014. To grow the brand rapidly, Marriott is working closely
Silver Spring, MD—Choice Hotels International and Concord Hospitality announced today that construction of the 182-room Cambria Suites hotel in Washington, D.C. has begun “skyward.” As opposed to a traditional groundbreaking event, the “sky break” marks the start of hotel construction skyward above newly constructed retail at CityMarket at O, a mixed-use development one block from the Washington Convention Center. The all-suite hotel features a rooftop pool, fitness center, and outdoor urban oasis terrace with open
DENVER—Sage Hospitality, one of the nation’s leading hotel management companies, announced today that it has partnered with Inland American Lodging Advisor Inc. in a management contract for the Napa Valley Marriott Hotel & Spa. The inclusion of this full service hotel continues an aggressive growth strategy for Sage and brings the company’s portfolio to 56 hotels nationwide. “This is our first collaboration with Inland American, and we are looking forward to growing our relationship further
On Friday, Congress failed to come to a resolution regarding the sequestration, and large, automatic spending cuts are set for federal programs. By the end of the fiscal year, $85 billion in cuts are expected to take place. Although the extent and effects of these cuts are not yet known, they will likely deliver a blow to the travel and hospitality industries, as federal agencies furlough workers and cut travel and meeting budgets. “Our industry
