Marriott International has reported third quarter 2014 results with net income totalling $192 million, a 20 percent increase over third quarter 2013 net income. Diluted earnings per share (EPS) totalled $0.65, a 25 percent increase from diluted EPS in the year-ago quarter. RevPAR rose 8.1 per cent, average daily rate rose 4.5 per cent, development pipeline increased to … [Read more...]
Mario Ovsenjak for Prince Regent Hotel, Chigwell
Born and raised in Croatia, it’s fair to say Mario Osvenjak has seen plenty of the world, especially when you consider he began his career in hospitality on a Caribbean Cruise Line. Following his return to dry land, Mario first ventured to London in roles of Cluster F&B Manager for Thistle Hotels across their Royal Trafalgar and Piccadilly properties, before continuing … [Read more...]
Clubhouse Group expands MK presence with Parkside House Hotel
Mercure Parkside House Hotel in Milton Keynes has been sold by specialist property adviser Christie + Co on behalf of an undisclosed investor. The 49-bedroom hotel has been acquired by Nazim Manji of the Clubhouse Group for an undisclosed sum, but it was marketed at a guide price of £2.6 million. The Clubhouse Group owns hotels under management in Europe as well as The … [Read more...]
Bleisure is here to stay
Just as leisure travellers are always working (43% of international travellers always take their professional mobile devices with them on holiday or weekend trips), business travellers are now often extending their stays to include a leisure component, according to Bridgestreet Global Hospitality’s ‘Bleisure Report 2014’. ‘Bleisure’ is about more than rest and relaxation. … [Read more...]
Operators invited to submit proposals for new Aberdeen hotel
The developer of Scotland’s largest new town, Chapelton, five-miles south of Aberdeen, has earmarked a site for development of a much-needed 25 to 30-room boutique hotel and is now calling on hotel operators to submit proposals. Elsick Development Company, the firm behind the ambitious £2bn 8,000-home town, believes a hotel in first stage of Chapelton will serve the town … [Read more...]