• Issue 970

Morgans Ebitda up 10%

Morgans Hotel Group has reported adjusted Ebitda up 10% on the year to USD8.2m in the first quarter.

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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.

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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.

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Roomzzz for Dubai

Aparthotel brand Roomzzz has confirmed that its first overseas site will be in Dubai.

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Amadeus commits to hotels

Amadeus reported a 9% rise in first quarter revenue, to EUR867.6m, backed, it said, by “strong organic growth”.

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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.

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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.

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Ritz Madrid marketed

Reports suggest that the Ritz in Madrid is being marketed for owners Omega Capital and Orient Express Hotels.

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