Dubai start for Steigenberger
Steigenberger has signed to open its first InterCity branded hotel in Dubai. The 150 room hotel will be part of the new Culture Village development on Dubai Creek, with the hotel opening in late 2016.
Saudi, Polish additions for Hilton
Hilton has signed to open a further hotel in Saudi Arabia to its presence in the region. It has also added a Hampton by Hilton in the Polish city of Jelenia Gora, to launch later this year.
Hot January in Abu Dhabi
A surge in tourists visiting Abu Dhabi helped local hotels to a 16% revpar growth in January. Room rate improved 7.6%, while occupancy climbed 5.4% to 74.7%, reports Hotstats.
Colony backs McKillen
Irish investor Paddy McKillen has used backing from Colony Capital to refinance his interest in Coroin, the company that owns a trio of luxury London hotels. The loans were offered for sale by IBRC, and McKillen outbid rival co-owners the Barclay brothers, reports CoStar.
Carlson Rezidor and Indonesian partner Panorama are on target to develop 20 Radisson and Park Inn hotels across the country. Four deals have been signed, with the first openings in 2015, while a further six to eight are expected to progress to contracts this year.