• Issue 945

Strategic sells in London

Strategic Hotels has sold the Marriott London Grosvenor Square for GBP125.15m. The buyer is Hong Kong based private equity firm Joint Treasure. After repaying costs and loans, Strategic will net GBP58.1m from the sale of its last European holding.

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Carlson Rezidor pipeline strong

Carlson saw revenues up 4% to USD7.5bn in 2013 at Carlson Rezidor, as its CWT division registered a 2.7% decline. The Radisson hotel improvement programme is 75% complete with remaining work to be completed in 2014.

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VI adds in Germany

Vienna International is expanding its German operations, taking over Arcadia hotels in Landsberg am Lech and Bad Oeynhausen. Already the largest operator in Austria, the additions grow VI’s German portfolio to 12 hotels.

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Dozen bids for Queensland

Twelve consortia have submitted bids to build an integrated casino resort in Queensland, Australia. The government will permit up to three projects to be constructed, to encourage tourism.

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Airbnb to collect taxes

Accommodation sharing site Airbnb has announced it will start collecting occupancy taxes for local authorities. An initiative in Portland will be expanded to the San Francisco area shortly.

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