Marriott’s next gen bid
Marriott will rapidly expand its luxury and lifestyle hotel presence over the next three years, with 200 openings promised. Concentration on the category means almost a quarter of the group’s openings will be in this sector.
Solomons dismisses deal
IHG chief Richard Solomons says there is no need for big deals, to provide growth in the hotel sector. Responding to new of a recent bid for IHG, he said each of the big players had ample growth opportunities, reports Bloomberg.
Strategic lifts outlook
Strategic Hotels has raised its earnings guidance following recent refinancing and acquisitions. While revpar outlook remains unchanged at 5-7% for the year, ebitda is expected to increase by USD20m.
Rezidor has appointed Eric De Neef as executive vice president and chief commercial officer. The promotion extends De Neef’s role from his previous position as senior vice president marketing for Park Inn.
Hyatt wins in Manilla
Hyatt has agreed a deal to manage the 365 room City of Dreams hotel in Manilla’s new gaming destination, Entertainment City. An agreement has been signed with project developer Melco Crown Entertainment, reports Reuters.