• Issue 1028

Radisson duo for Poland

 

Rezidor has signed two new Radisson Blu hotels in Poland. A 340 room property in Swinoujscie and 158 room hotel with 68 apartments in Zakopane will open in late 2016. 

 

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Glasgow site sale

 

Administrators are seeking a developer to take up a stalled 209 room hotel project in Glasgow. Agents ES Group are offering the site for sale or as a joint venture development. 

 

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Marriott strongly ahead

 

Marriott reported second quarter net income up 7% at USD192m. Worldwide revpar was up nearly 6% while the home US market saw room rates rise 3.7%. 

 

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Asian business boom

 

Global business travel spend will hit USD1.18trn this year, up 6.9% on 2013 levels. Growth is driven by China and its Asia Pacific neighbours, according to research by the Global Business Travel Association.

 

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Austria cools

 

The Austrian hotel market saw just EUR70m of deals in the first half, down on the volume of 2013. Deals were characterised by single property transactions and were spread across the country, reports Christie + Co. 

 

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