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Clarion Hotel to Become Holiday Inn in Parramatta, Australia
SYDNEY,Australia—InterContinental Hotels Group (IHG) has announced the signing of a new franchise agreement that will see the 181-room Clarion Hotel on the Park Parramatta become Holiday Inn Parramatta.
The ten-year franchise agreement with owner, Australia...
Benjamin West Opens India Office, Signs Deal for Five New-Build Hotels
NEW DELHI, India/BOULDER, Colo.—Officials of Benjamin West, a global purchasing firm for furniture, fixtures and equipment (FF&E) and operating supplies and equipment (OS&E), announced that the company has opened an office in New Delhi,...
Strategic Hotels & Resorts to Acquire The Essex House Hotel
CHICAGO—Strategic Hotels & Resorts, Inc. announced today that it has signed an agreement to purchase New York City's Essex House Hotel from the Dubai Investment Group for a gross purchase price of approximately $362.3...
Success and the City
Industrywide, hotel companies are learning firsthand that successfully marketing a U.S. destination requires embracing a philosophy of “strength in numbers.” This involves cooperation among various entities, including the city, convention and visitors’ bureaus (CVBs),...
REITs and the Recovery
Last May, Tom Baltimore, president and CEO of RLJ Lodging Trust, and his management team were engrossed in some strategic thinking. Part of the diverse business portfolio of The RLJ Companies, founded by Robert...
