Melia in good shape
Smarter marketing and a strong international spread of business have helped position hotel group Melia for the upturn. Despite a presence in 40 countries, the group remains committed to Spain, chief executive Gabriel Escarrer told the company’s annual shareholder meeting.
Union backs Motel One
Investor Union Investment has added the new Motel One in Brussels to one of its open-ended investment funds.
Roy stays inside
Subrata Roy, the head of Indian hotel group Sahara, has again been refused bail by the Indian Supreme Court.
Ritz for Malaysia
Ritz-Carlton has signed to open a new resort property in Langkawi, Malaysia. The 132 room property, held by partner AJ Resorts, will open for business in 2015.[img]/sites/all/modules/contrib/wysiwyg/plugins/break/images/spacer.gif[/img]
The new hotel will have its own cove and private beach, and is surrounded by tropical rainforest.
Blackstone has filed to list shares in booking platform Travelport.