MHI Hospitality Corporation announced today that the Company received the Stakeholder of the Year Award for the Crowne Plaza Hampton Harborside. The award was presented by the Downtown Hampton Development Partnership in recognition of a business or individual that contributed significantly to the city’s new development or redevelopment over the past year. The Stakeholder [...]

MHI Hospitality Corporation announced that the Company has completed the acquisition of the 172-room former Radisson Hotel in Hampton, Virginia for approximately $7.75 million, or $45,000 per room. The Company has also entered into a 10-year franchise agreement with InterContinental Hotels Group (IHG) [(LON: IHG) (NYSE: IHG - News; ADRs)] through its franchising entity, Holiday [...]

Davidson Hotel Co. have formed a joint venture with a global private equity firm to acquire the 334-room Houston Sofitel Hotel from Accor Worldwide.
Terms of the deal were not disclosed.
Memphis-based Davidson will hold a minority interest in the partnership with The Carlyle Group and will manage the property, as of yesterday. Davidson will [...]

With just five days to go until the Super Bowl, there’s no need to stress about finding a hotel room as there are plenty of options available.
Even Club Med Sandpiper in South Florida wants to get in on the Super Bowl action, despite being a two hour drive from Miami. From Feb. 2-8, the resort [...]

Major hotel brands, expecting another year of rising profits in the United States, have set their sights on Asia as the next big market for the lodging industry.
InterContinental Hotels Group, the world’s largest hotelier which also operates Holiday Inn and Crowne Plaza hotels, “is investing in our brands and diversifying geographically. We’re strong in [...]

SHARES in InterContinental Hotels touched fresh highs yesterday amid continued talk of a private equity bid.
The world’s largest hotelier confirmed in a regulatory filing that Ellerman Corp, the investment vehicle of the billionaire Barclay brothers, had built up a 5 per cent stake in the business.
A spokesman for InterContinental - best known for its Crowne [...]

The billionaire Barclay brothers today emerged as 5% shareholders in InterContinental Hotels, fuelling speculation they may be lining up a consortium bid for the world’s largest hotels group.
Shares in InterContinental, which owns the Crowne Plaza and Holiday Inns, jumped to a new peak of £13.50 in early trading, later easing to £13.32p, still up 32p [...]

To pump up a slowdown in Cape Coral real estate sales, Miloff Aubuchon Realty Group Inc. plans to hold an auction.
As auctions go, with 120 properties up for bid, it could be the largest held in Cape Coral.
“Any time a multiproperty auction is held of more than 30 properties it is considered a large auction,” [...]

Venerable Chandler resort, the San Marcos, has a new name, a new hue and a new outlook. And a whole new clientele, said Darlene Heavlin, hotel manager.
While the 295-room hotel did a booming businesses with groups, it had been mostly ignored by the corporate crowd in recent years — despite a star-studded history and a [...]

Intercontinental Hotels (IHG) agreed to take a major stake in the hotel arm of All Nippon Airways’ (ANA) today as it attempted to spread its wings in Japan.
The Holiday Inn and Crowne Plaza operator already runs 11 hotels in the country and will pay £8m (€123,8m) for a 75% share in the joint venture.
Windsor-based IHG [...]

Dow Hotel Company, LLC (DHC), a hotel ownership investment and management company, today announced that it plans to double the number of its proprietary Basil’s Kitchens restaurant concept over the next 18 months. Currently located in six upscale hotels owned or managed by the company, Basil’s Mediterranean upscale, casual theme has developed a proven track [...]

INTERCONTINENTAL Hotels has posted a 30 per cent rise in profits and pledged a windfall for shareholders as part of its hotel disposal scheme.
The Windsor-based company, the world’s largest hotelier, said operating profits climbed to £107m in the first six months of the year.
It also said further funds would be returned to shareholders after the [...]