CHICAGO, Feb. 7, 2011 - Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced that the company has closed a definitive agreement to recapitalize the joint venture that owns the Hotel del Coronado. Under the terms of the transaction, a new joint venture has been established between the Company, Blackstone…
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Comments • Posted on Feb 07, 2011 - 02:11 PM
CINCINNATI, Feb. 1, 2011 - Winegardner & Hammons, Inc., one of the nations leading hotel management companies, today announced that it has been selected to manage the Spartanburg Marriott at Renaissance Park in Spartanburg, SC. WHI was selected by the new owners of the hotel, Greenville-based Southern Hospitality Group. “We…
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Comments • Posted on Feb 01, 2011 - 06:19 PM
NEW YORK, Feb. 1, 2011 - CNL-AB LLC announced today that it has acquired the equity interests in a portfolio of eight iconic U.S. resort properties with over 5,500 guest rooms known as MS Resorts. The eight properties are Grand Wailea Resort and Spa, Arizona Biltmore Resort and Spa, La…
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Comments • Posted on Feb 01, 2011 - 04:40 PM
DENVER, Feb. 1, 2011 - Exclusive Resorts (http://www.exclusiveresorts.com), the world’s leading luxury destination club, today announced that sales of new memberships and membership upgrades totaled $66 million in 2010, an increase of more than 50 percent compared to 2009. Under the leadership of Revolution LLC Founder and AOL Co-Founder Steve…
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Comments • Posted on Feb 01, 2011 - 01:15 PM
BETHESDA, Md., Jan. 27, 2011 - Host Hotels & Resorts, Inc. (NYSE: HST) today announced that it has entered into an agreement to purchase the fee simple interest in the 775-room New York Helmsley Hotel at a purchase price of $313.5 million. The hotel is located in the heart of…
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Comments • Posted on Jan 27, 2011 - 08:15 PM
ATLANTA, Jan. 24, 2011 - Today, Hooters of America, Inc. “HOA” announced the completion of a transaction which transfers ownership of the company from the estate of Robert H. Brooks who passed in 2006 into the hands of a consortium of private investors, including Chanticleer Holdings, Inc. (OTC Bulletin Board:…
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Comments • Posted on Jan 24, 2011 - 08:35 PM
TEMPE, Ariz. and BELLEVUE, Wash., Jan. 21, 2011 - US Airways (NYSE: LCC) and Expedia, Inc., the world’s largest online travel company (Nasdaq: EXPE), today announced they have signed a multi-year strategic partnership agreement to continue offering US Airways’ full range of products and services, including all fares and inventory,…
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Comments • Posted on Jan 21, 2011 - 02:09 PM
Los Angeles, CA – January 19, 2011 – An institutional private equity investor has purchased the 160-room Hollywood Heights Hotel located on Highland Avenue between Hollywood Boulevard and the Hollywood Bowl at 2005 North Highland Avenue. The sale closed on December 17, 2010. The 7-story hotel, situated on 2.6 acres…
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Comments • Posted on Jan 20, 2011 - 12:17 AM
DUBAI, United Arab Emirates, Jan 13, 2011 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) is strengthening its long established position in the Middle East as one of the leading luxury hotel operators in the region with a portfolio of nearly 50 existing hotels and a pipeline of 25 new…
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Comments • Posted on Jan 13, 2011 - 11:18 PM
PARIS, January 13, 2011- In line with its development strategy, Edenred today announced the acquisition of RistoChef, Italy’s seventh-largest provider of meal vouchers. With more than 1,800 customers and a nearly 3% market share, RistoChef, a wholly-owned subsidiary of the Elior group, generated an estimated issue volume of around…
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Comments • Posted on Jan 13, 2011 - 07:34 PM