• Issue 1072

Snoozebox progresses

 

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.

 

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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. 

 

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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.

 

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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. 

 

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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. 

 

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