BRUSSELS—Rezidor has opened the very first Radisson Blu property in Mozambique – the First Class Radisson Blu Hotel, Maputo. The 154-room overlooks the Indian Ocean. The hotel’s amenities include free high-speed Internet access, multiple dining destinations, an outdoor swimming pool, and a fitness room. The Radisson Blu Hotel, Maputo also offers meetings and events facilities include three meeting rooms, a conference room spanning 252 square meters that can be divided into three, and a flexible
NEW YORK—The New York Palace, a luxury midtown hotel, is beginning the first phase of a $120 million redesign with a $25 million makeover of its Towers accommodations. The New York Palace has employed two design firms to assist in this renovation: San Francisco-based design firm BAMO; who will redesign The Towers’ 176 guestrooms and suites as well as the new private reception experience; and New York-based design firm BBG-BBGM, who is renovating two of
ORLANDO, Fla.—Hard Rock International announced plans to open Hard Rock Hotel Palm Springs in Fall 2013. The company, in collaboration with Kittridge Hotel Management, will transform the former Hotel Zoso into a 160-room lifestyle hotel. “We’re thrilled to bring the Hard Rock experience to this world-renowned city and are very pleased with our new relationship with Kittridge Hotels,” said Nelson Parker, head of development in the Americas for Hard Rock Hotels & Casinos. “Hard Rock
GREENWICH, Conn.—Starwood Capital Group today announces the launch of two new hotel brands, the luxury brand Baccarat Hotels & Resorts, and the lifestyle eco-brand 1 Hotels & Resorts, with five hotel openings scheduled under the group’s hotel brand management company, SH Group. The initial five hotel openings will occur over the next twenty-four months and include: Baccarat Hotel & Residences New York, N.Y.; Baccarat Hotel Rabat, Morocco; 1 Hotel & Residences South Beach, Fla.; 1
Priceline.com to Acquire KAYAK
Category: Acquisitions, Finance & Development, Industry News, M&A, Real Estate
NORWALK, Conn.—Priceline.com Incorporated announced that it has signed a definitive agreement for the Priceline Group to acquire KAYAK in a stock and cash transaction. Under the terms of the agreement, the transaction values KAYAK at $1.8 billion or $40 per share of KAYAK, with the Group paying approximately $500 million of the consideration in cash and $1.3 billion in equity and assumed stock options. The Boards of Directors of the Priceline Group and KAYAK have