New Build Development in Osaka Station North District will feature luxury accommodation and Japan's first InterContinental Residences Tokyo, 29 July 2010 - InterContinental Hotels Group (IHG) and Osaka Station North Yard Development Project today reached an agreement for IHG to open a luxury hotel and high-end residences within the Osaka Station North Yard Development … [Read more...]
Barclay brothers sell IHG stake
The billionaire Barclay brothers sold their 10.4 percent stake in InterContinental Hotel Group Plc for 335 million pounds ($520 million) on Tuesday, sending shares in the world's biggest hotelier down sharply. The owner of the Holiday Inn and Crowne Plaza brands as well as the InterContinental chain said the Barclay brothers' investment vehicle Ellermann Corp had sold its … [Read more...]
Langham Place Beijing opening in August 2010
The new five-star Langham Place, Beijing Capital Airport promises to be a revolutionary fun airport hotel experience for world travelers and business guests when it opens in August 2010. Strategically located adjacent to the new Terminal 3 of Beijing's only international airport, the new five-star Langham Place, Beijing Capital Airport promises to be a revolutionary fun … [Read more...]
HotStats UK Chain Hotels Market Review – June 2010
Strongest month for RevPAR growth of 2010 causes a surge in profitability in London Room rates in London have surged through their previous peak of June 2008 as profitability at hotels in the UK capital soars, according to the latest HotStats survey from TRI Hospitality Consulting. A year-on-year increase in Revenue per Available Room (RevPAR) of 15.8% in the month of June … [Read more...]
Christie + Co markets central London boutique hotel
Acting on behalf of a private client, Christie + Co is marketing the freehold of the Four Seasons Hotel near Baker Street, London, with offers in the region of £9 million sought. Situated in the affluent area of Marylebone, on the edge of Regent’s Park, the 42 en suite-bedroom, upscale boutique hotel comprises three mid-terraced, early 19th Century, Grade II-Listed … [Read more...]