Boutique for Manchester
Landlord Aviva Investors is looking for a partner to open an 86 room boutique hotel in central Manchester. The GBP30m revitalisation of the city centre Corn Exchange building will include the hotel and 13 restaurants, reports the Manchester Evening News.
Strong quarter for IHG
IHG has reported its best revpar performance in seven quarters, up 6% globally in Q1. The company also announced a special dividend of USD750m and share consolidation.
Groups help Host
Host Hotels raised revenues 6.9% in the first quarter, with revpar up 6.8%. Growth in group business helped improve room rates, while occupancy rose 1.5% to 73.9%.
Bahrain duo for Starwood
Starwood has signed to launch its Westin and Le Meridien brands in Bahrain. An agreement with Majid Al Futtaim Properties will see both brands debut this July in the heart of Manama, with a combined total of 460 rooms.
Trivago lifts Expedia
Expedia grew room night sales 24% in the first quarter of 2014, compared with the same period of 2013. Trivago grew revenue more than 80% year over year for the quarter.