• Issue 977

BBC hotel spend up

UK broadcaster the BBC spent close to GBP29m in the last three years on hotels. Spending was up 32% in the last year, with sporting events such as the World Cup and Commonwealth Games blamed, reports the London Telegraph.

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Trump back in Dubai

Developer Donald Trump is restarting plans to build in Dubai. A golf course and 104 villas bearing the developer’s brand are under way, being built by partner Damac, reports Bloomberg.

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Galaxy bets on growth

Macau entertainment operator Galaxy has increased earnings 38% off the back of strong gambling revenues. Galaxy is expanding fast, and will add 1,300 rooms in JW Marriott and Ritz-Carlton hotels by mid 2015, reports Bloomberg.

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Indian openings for Carlson Rezidor

Carlson Rezidor has signed two new Country Inn & Suites hotels to its Indian pipeline. A 70 room property in Aligarh Uttar Pradesh and 80 room hotel in Chandigarh will open in the first half of 2017.

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NH stake on the block

Investor Grupo Hesperia is to sell EUR145m of shares in Spanish hotel group NH. The tranche represents 8% of its current 20% holding in the embattled group, reports Reuters.

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