• Issue 912

Moat House sale

Goldman Sachs has instructed agents Christie + Co to sell a portfolio of 11 UK hotels held in its Whitehall Street property fund. The hotels, all but one running under Crowne Plaza and Holiday Inn flags, could sell for more thanGBP130m, reports the London Times.

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StayCity expansion

Dublin-based service apartment operator Staycity is to open new properties in Venice, Lyons and London this year. The 30% growth is part of a plan to expand to 5,000 apartments across Europe by 2019.

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Premier in Action

Whitbread has agreed a deal with Action Hotels to expand the Premier Inn brand in the Middle East. New hotels being built by Action in Sharjah, Jeddah, Bahrain and Dubai will open under the Premier Inn brand.

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Occupancy lifts Starwood

Starwood Hotels saw global revpar rise 5.3% in the fourth quarter, ending the year strongly. Results exceeded profit expectations, helped by strong occupancies in the US and Europe.

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Orbitz books into hotels

Online travel agent Orbitz grew room night sales 15% in the fourth quarter, putting revenue up 9% for the year at USD847m. International expansion, a focus on mobile and on increasing loyalty promise to drive further growth in 2014.

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