HK InterCon for sale
IHG has placed its InterContinental hotel in Hong Kong up for sale. Agents JLL have been appointed to sell a property that could fetch up to USD1bn, reports Bloomberg.
Oaktree Spanish challenge
Oaktree Capital aims to take control of a Spanish hotel and conference centre south of Barcelona. The investor has launched a court action against a consortium of Irish investors who bought the Dolce Sitges hotel in 2006, reports the Sunday Times.
Hong Kong downturn
Anti-government protests in Hong Kong have cut hotel revenues and forward bookings substantially. Thomas Kwok, co-chairman of Ritz-Carlton, predicts a 10% drop in revenues, reports Bloomberg.
Five for Four Seasons
Four Seasons will open five new luxury resorts next year. Properties in Hawaii, Morocco, Bahrain, Miami and a first presence in Seoul, South Korea will open during 2015.
Park Inn for Ankara
Carlson Rezidor has signed a Park Inn in Ankara, Turkey. The 112 room hotel will open by mid 2015, and joins similar branded hotels in development in Istanbul, Izmir and Samsun.