Morgans Ebitda up 10%
Morgans Hotel Group has reported adjusted Ebitda up 10% on the year to USD8.2m in the first quarter.
Strategic ‘highly productive’ Q1
Strategic Hotels & Resorts has reported a 7.4% increase in revenues on the year for the first quarter, to USD194.7m, on the back of strong performance in the US.
Priceline up on emerging growth
Priceline Group reported a 26% increase in quarterly revenue, to USD1.64bn, driven by growth in newer markets such as Asia-Pacific, South America and Eastern Europe.
Roomzzz for Dubai
Aparthotel brand Roomzzz has confirmed that its first overseas site will be in Dubai.
Amadeus commits to hotels
Amadeus reported a 9% rise in first quarter revenue, to EUR867.6m, backed, it said, by “strong organic growth”.
Oberoi signs with Ritz-Carlton
Oberoi Realty is reported to have signed with Ritz-Carlton to manage the hotel component of a mixed-use project in Mumbai.
Hotel for Thatcher hall
The city hall in which Margaret Thatcher gave her first public speech as prime minster could be turned into a hotel.
Ritz Madrid marketed
Reports suggest that the Ritz in Madrid is being marketed for owners Omega Capital and Orient Express Hotels.