Melia in Starwood talks
Spanish hotel group Melia is in talks with Starwood Capital to sell up to eight Sol branded hotels in a EUR150m deal. The coastal resort hotels could then be modernised and relaunched, report Spanish media sources.
Paris Mercure deal
Invesco Real Estate has bought the Mercure Terminus Nord in Paris. The purchase was made on behalf of an Asian investor client looking specifically for hotel properties.
Starwood adds in Kyoto
Starwood has signed to open its first Luxury Collection hotel in Japan. Siuran, a 39 room hotel in Kyoto, is being developed in the style of a Japanese inn and will open in March 2015.
Americans head for Europe
Americans expect to spend 8% more on leisure travel in 2015 compared with this year. London, Rome and Paris head the wishlist of the 11% expecting to visit Europe, according to research for Choice Hotels.
TUI beats expectations
Travel group TUI AG, which is merting with TUI Travel, reported full year earnings ahead of expectations at EUR869m. The company forecast stronger growth in 2015 of 10-15%, reports Bloomberg.