• Issue 1129

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.

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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.

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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.

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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.

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Azerbaijan additions

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.

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