Strong November for UK
UK regional hotels enjoyed occupancy up 4% and rates 7.3% stronger in November. The rise meant rooms yield rose by 11.6%, the second month in a row it was saw a double figures improvement, reports BDO.
Geller buys in Chicago
Former Strategic Hotels head Laurence Geller is to open a new luxury hotel in Chicago. Geller has bought a 20 storey office building for conversion to create a 290 room hotel, reports Chicago Business.
Melia gets Cuba boost
Talks to regularise relations between Cuba and the USA have caused a spike in Melia group shares. The Spanish hotel company has 27 properties on the island, reports Bloomberg.
Hyatt Brazilian duo
Hyatt has signed two new hotels in Brazil. A joint venture with local partner FSA Group will see Hyatt Place properties open in Sorocaba and Macae in 2017.
Marriott has signed four new hotels in Azerbaijan to its Autograph Collection. Two of the hotels, from the Shahdag Mountain Resort, will join this month.