SHANGHAI, June 1(Bernama)-- Malaysian conglomerate, Hong Leong Group(HLG) is to create a luxury hotel chain in China, with at least ten Guoman Hotels over the next five years.
Violet Lee, Group Managing Director of Guocoland China, HLG's property investment arm here, told reporters at a special interview, the company would bring the unique English hospitality to the market long dominated by hotel chains from the United States
Read More:
Tuesday, June 1, 2010
Cuba, China to build new luxury hotel in Havana
While the U.S. continues to talk tourism with Cuba, Caribbean developers will break ground on Havana's first luxury hotel later this year, the Latin American Herald Tribune reported.
The luxe-hotel is a joint effort between Cuba and China that will cost approximately $117 million (51 percent Chinese capital and 49 percent Cuban). According to reports, the hotel complex will have 650 rooms and cover an area of about 19 acres in the "Marina Hemingway" tourist center in western Havana.
Read More:
The luxe-hotel is a joint effort between Cuba and China that will cost approximately $117 million (51 percent Chinese capital and 49 percent Cuban). According to reports, the hotel complex will have 650 rooms and cover an area of about 19 acres in the "Marina Hemingway" tourist center in western Havana.
Read More:
Dubai Holding hotel-real estate group reports $6.4 billion loss for 2009
DUBAI, United Arab Emirates (AP) - A real estate and hotel group owned by Dubai's ruler announced a steep loss for 2009 on Tuesday, less than a week after a sister company sought to delay its debt payments.
The slide by Dubai Holding Commercial Operations Group includes major write-offs that reflect the slumping property market in Dubai, where the global downturn has cooled the city-state's once red-hot growth and left many of its companies mired in debt.
Read More:
The slide by Dubai Holding Commercial Operations Group includes major write-offs that reflect the slumping property market in Dubai, where the global downturn has cooled the city-state's once red-hot growth and left many of its companies mired in debt.
Read More:
Asia Pacific hotel transactions projected at US$3.7b for 2010
SINGAPORE: Asia Pacific hotel transactions are seeing a boom, with sales expected to reach some US$3.7 billion or S$5.2 billion - or 29 per cent of global sales - in 2010.
This is according to Jones Lang LaSalle Hotels, which said that global transaction volume is forecast to reach US$12.8 billion or S$18.1 billion this year.
Read More:
This is according to Jones Lang LaSalle Hotels, which said that global transaction volume is forecast to reach US$12.8 billion or S$18.1 billion this year.
Read More:
Singapore Fund Bids for London Hotel
TOKYO—Government of Singapore Investment Corp. is among a handful of cash-rich buyers seeking to buy Grosvenor House Hotel, a London landmark, from Royal Bank of Scotland Group PLC, people familiar with the matter said.
The hotel was expected to fetch a record price for a European hotel and flag the return of trophy asset sales to overseas buyers. The Grosvenor House Hotel carries a price tag of about £500 million ($727.1 million). This would make it the biggest amount garnered for a single European hotel, according to consultancy firm HVS.
Read More:
The hotel was expected to fetch a record price for a European hotel and flag the return of trophy asset sales to overseas buyers. The Grosvenor House Hotel carries a price tag of about £500 million ($727.1 million). This would make it the biggest amount garnered for a single European hotel, according to consultancy firm HVS.
Read More:
Marriott's first stylish, Edition hotel close to opening
New York University's 32nd annual hospitality conference is set to begin on June 6, so I'm scouting out this year's hot topics before I arrive. One of them will surely be Edition, Marriott's answer to Starwood's W chain created with boutique-hotel-guru Ian Schrager.
Marriott's poised to open its first Edition this summer in Waikiki, with another in the works in Istanbul, recent reports say.
Read More:
Marriott's poised to open its first Edition this summer in Waikiki, with another in the works in Istanbul, recent reports say.
Read More:
