NEW YORK, June 16 (Reuters) - Hilton Worldwide lost its bid to dismiss a lawsuit by rival hotel operator Starwood Hotels & Resorts Worldwide Inc (HOT.N) that accused it and two former Starwood executives of stealing trade secrets.
U.S. District Judge Stephen Robinson on Wednesday ruled that Starwood had presented sufficient evidence to allow the case against Hilton, which is owned by private equity firm Blackstone Group LP (BX.N), to go forward
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Wednesday, June 16, 2010
Ritz-Carlton to put environmentally-friendly water bottles in hotel rooms
The Ritz-Carlton announced today it will offer environmentally-friendly water bottles at its North American hotels and select properties in the Caribbean. This news comes at a time when many travelers are seeking information on the oil spill clean-up efforts, and is another example of how the hospitality industry is working hard to help build social awareness around our top environmental issues.
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Jamaica Tourism Still Suffering As Manhunt for Drug Kingpin Continues
KINGSTON, Jamaica -- As the manhunt for alleged drug kingpin Christopher "Dudus" Coke drags into a third week and the government takes its anti-gang crusade nationwide, this nation of 2.6 million is fretting about the strength of its economic backbone: the event and tourism industries.
As scenes of firefights between government forces and gunmen loyal to Coke spooked tourists, airlines canceled flights, event planners pulled the plug and the government suspended its promotional ads
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As scenes of firefights between government forces and gunmen loyal to Coke spooked tourists, airlines canceled flights, event planners pulled the plug and the government suspended its promotional ads
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UK Travelodge CEO Sees No Impact From Parent's Woes
LONDON (Dow Jones)--Budget hotel operator Travelodge remains committed to its rapid U.K. expansion rather than further ventures overseas, and will not be affected by the troubles faced by its owners in Dubai, its new chief executive Guy Parsons told Dow Jones Newswires.
"The focus now really is on the U.K.," said Parsons in an interview in London. "For the next two-to-three years you're not going to see a change in strategy because the opportunity's so much greater here than other locations."
Travelodge operates almost 400 hotels in the U.K. and also operates a handful of hotels in Spain and the Republic of Ireland.
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"The focus now really is on the U.K.," said Parsons in an interview in London. "For the next two-to-three years you're not going to see a change in strategy because the opportunity's so much greater here than other locations."
Travelodge operates almost 400 hotels in the U.K. and also operates a handful of hotels in Spain and the Republic of Ireland.
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Hyatt seeks buyers for big portfolio
Crain’s) — Hyatt Hotels Corp. plans to sell a 4,154-room hotel portfolio, including three properties in the Chicago suburbs, as part of a strategy to expand its hotel management business while reducing its investment in real estate.
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Atlantis Phase 4, Baha Mar can't go up at same time
While a fourth phase of the Atlantis Resort on Paradise Island and the Baha Mar project on Cable Beach may coexist years down the road, The Bahamas cannot sustain constructing them at the same time, according to Prime Minister Hubert Ingraham.
"The Bahamas needs a major project," said Ingraham during a news conference at the Free National Movement Headquarters on Sunday. "Baha Mar would be a major project, so would Atlantis Phase Four be a major project.
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"The Bahamas needs a major project," said Ingraham during a news conference at the Free National Movement Headquarters on Sunday. "Baha Mar would be a major project, so would Atlantis Phase Four be a major project.
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EuroCheapo announces the best cheap hotels in Europe
Today is an important day: EuroCheapo has just announced their first ever Cheapo 100 list of the best cheap hotels in Europe. If you're a traveler on a budget and don't know where to go, this is where you should look.
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Kerzner International hires Blackstone to address debt maturity in paradise lost
In 2006, a consortium of investors including Dubai World, a Goldman Sachs fund and Colony Capital raised USD 3.2bn to take Kerzner International private. That CMBS debt falls due in September, and with no clear avenue for refinancing, the Bahamas-based empire of luxury resorts has hired Blackstone Group for advice, two financial advisors and a real estate investor told Debtwire.
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