Portable accommodation provider Snoozebox has agreed a GBP15.6m financing package. The company has reported pre-tax losses of GBP2.3m for the first half of 2014.
French duo sold
Algonquin has sold two hotels in the French city of Reims. The 82 room Holiday Inn has been sold to a French private buyer under a sale and manageback deal.
W for Marrakesh
Starwood has signed to launch its W brand in Morocco. The 148 room hotel will be located in the Hivernage district of Marrakesh.
Hilton signs in Nigeria
Hilton has signed two further Garden Inn hotels for Nigeria. The company has also unveiled a modular room concept to help deliver new projects in the region.
ASAP widens QA
The Association of Serviced Apartment Providers is broadening the scope of its quality assurance programme beyond immediate members. The roll out follows a successful launch across member properties.