News & Stories
Parsipanny, N.Y.. In a move to fulfill a strategic priority by strengthening its position in the midscale lodging segment, Cendant Hotel Group intends to merge its AmeriHost Inn franchise system into the recently acquired Baymont Inn & Suites brand.
Frankfurt/M. To grow in Western Europe is part of the future vision of Romantik Hotels & Restaurants. At their international shareholder meeting in Amsterdam, the cooperation introduced, among other things, the new "Country Managers".
Mumbai. Founded in 1957 by Capt. C.P. Krishnan Nair, the Rs.450 crore Leela Group is engaged in the business of ready-made garments and luxury hotels and resorts.
Mumbai. The Indian Nair family earn their money with textiles and hotels. The Leela Palaces & Resorts are bringing them the turnover and GOP increases that Europeans can only dream of. As far as expansion is concerned the small group concentrates on only the most opulent palaces above which a "7 star" rating will shine. Leela President Peter Leitgeb now advocates further partners alongside Kempinski. Behind the scenes, company founder Captain C.P. Krishnan Nair aged 84 is slowly handing over the business to his son Vivek.
White Plains, N.Y.. Starwood Hotels & Resorts Worldwide, Inc. and its Starwood Preferred Guest program is introducing a new online blog called TheLobby.com. To help keep Starwood Preferred Guests on top of the latest travel trends, Starwood and ElectricArtists have assembled a team of travel writers to contribute to this site. Every weekday this site will be covering the latest and greatest in worldwide travel.
Parsippany, N.J. Cendant Hotel Group has completed the previously announced acquisition of the Baymont Inn & Suites brand and system of 115 franchised properties. The acquisition from affiliates of The Blackstone Group, a private investment firm based in New York, includes worldwide rights to the Baymont Inn & Suites brand but no real estate.
Hanover. As part of "The Palm Jumeirah" in Dubai a Robisnon club and an Iberotel are to be built directly on the sea front. TUI Hotels & Resorts has now signed contracts for both hotel brands. Construction works for the two properties are to begin this year.
Munich. Munich's budget-hotel chain Motel One has closed a lease contract for a 185 room hotel directly adjacent to Wiesbaden's central train station.
Frankfurt/M. The number of Chinese tourists to Germany is growing steadily. Most tourist groups come as part of cheap package deals. All the same, tourism analysts are sure that the wait for less thrifty guests and early preparation will one day pay off. When this day will come, however, nobody can tell.