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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Marriott's poised to open its first Edition this summer in Waikiki, with another in the works in Istanbul, recent reports say.
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Monday, May 31, 2010
Coconut Grove’s Grand Bay Hotel rots as lawsuit rages on
While its ailing developer and its troubled lender slug it out in court like wounded boxers, the Grand Bay Hotel in Coconut Grove sits penetrated by rainfall and infested with mold.
Where guests once slept, there are puddles of water resulting from rainstorms. Much of the building has been stripped to skeletal-like remains from mold remediation, although evidence of new mold growth is apparent in some remaining walls. During the winter, homeless people found their way into the property and lit fires to stay warm.
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Where guests once slept, there are puddles of water resulting from rainstorms. Much of the building has been stripped to skeletal-like remains from mold remediation, although evidence of new mold growth is apparent in some remaining walls. During the winter, homeless people found their way into the property and lit fires to stay warm.
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Roosevelt Hotel threatens lawsuit against neighboring bar
The landmark Roosevelt Hotel in downtown New Orleans has threatened legal action against a neighboring bar that also uses the word Roosevelt in its name.
The Roosevelt Bar sits next door to the Roosevelt Hotel on University Place in New Orleans.
In an April 28 letter sent to George Friedman, owner and operator of the Roosevelt Hotel Bar, attorney Jason Mueller indicated that the similar name and proximity to the hotel are a violation of Hilton Hotels' intellectual property. Hilton Hotels owns the hotel.
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The Roosevelt Bar sits next door to the Roosevelt Hotel on University Place in New Orleans.
In an April 28 letter sent to George Friedman, owner and operator of the Roosevelt Hotel Bar, attorney Jason Mueller indicated that the similar name and proximity to the hotel are a violation of Hilton Hotels' intellectual property. Hilton Hotels owns the hotel.
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Sands China Secures Playboy Deal
Sands China and Playboy Enterprises have entered a licensing agreement that will bring two Playboy-inspired clubs to the Sands China properties in Macau. The first Playboy Club is set to launch by year end
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Sunday, May 30, 2010
Hawaii bans shark fin
HONOLULU -- The $48-a-plate shark fin has been a favorite dish at Vienna Hou's Chinese restaurant since it opened 25 years ago. But Hawaii became the first state to ban the possession of shark fins last week in an attempt to help prevent the overfishing and extinction of sharks around the world. "Something will be missing," Hou said. "Decent Chinese restaurants -- they all serve shark fin." The ban drew criticism from some in Hawaii's Chinese community -- more than 13 percent of the state population is Chinese or part Chinese. Many consider shark fin a delicacy and important part of Chinese culture. Some people eat it because they think it's good for bones, kidneys and lungs and helps treat cancer.
Mastermind Behind Grand Hyatt Robbery Apprehended
Remember the day that the purity of our live poker tournaments got tarnished with a crazy heist (that by-the-way had nothing on Ocean’s 11, but hey), armed to the teeth with revolvers and even old school machetes, finding their way home with some of the prize pool money? This incident took place on at the Grand Hyatt Hotel located in Potsdammer Platz in downtown Berlin on the 6th of March of this year.
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World Cup fans face 300 per cent hike in hotel room rates
Tens of thousands of football supporters heading to South Africa for the world's biggest sporting event – the world cup, which starts next week – face hugely inflated prices for accommodation. In some cases hotel tariffs have risen by up to 300 per cent over the normal charge, prompting allegations of a "rip off".
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Saturday, May 29, 2010
Coalition considers retracting tax break for hotels
The German government is considering retracting the much-criticised reduction in sales tax for hotel stays, which came into force on January 1. The measure is one of several aimed at shoring up Germany's ailing state finances.
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You Can Still Drink On Miami Beach This Weekend
Miami Beach hotels will be able to serve alcoholic drinks to beachgoers this Memorial Day weekend. The city is not cracking down on hoteliers who serve alcohol on the shores of the Atlantic this weekend, City Manager Jorge Gonzalez said Thursday. Earlier in the week, City Attorney Jose Smith told The Miami Herald that hotels cannot serve or sell alcohol on the public beach, based on a review of hotel concession agreements and the city's laws. Smith's review was prompted by complaints about public drinking and littering during spring break. In response, Beach commissioners told police they wanted a strict enforcement of the city's drinking laws, which ban alcohol consumption and sales in public places. Gonzalez said he is awaiting a formal legal opinion from Smith on the issue before tackling the question of beachside booze sold by hotels.
