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 [...]
Another new hotel in Starkville by Candlewood Suites will add 100 more beds to the region’s expanding tourism economy. While retail development in the area is also moving forward, though with more mixed itinerary of stops and starts.
Candlewood Suites, a hotel designed for extended stays, is a subsidiary of the InterContinental Hotels Group, and is [...]
More than 15,000 condo-hotel rooms could flood Central Florida during the next several years in one of the biggest, and possibly riskiest, building booms ever to sweep the region’s lodging industry.
Condo hotels are outwardly indistinguishable from their conventional counterparts. They have lobbies, room service and even affiliations with the world’s best-known hotel brands. It’s their [...]
InterContinental Hotels Group (IHG), the world’s largest hotel group by number of rooms announces that the 306-room El Tropicano Riverwalk Hotel has become a franchise of the Holiday Inn Brand.
“We are thrilled to welcome this property to the Holiday Inn family of hotels. Holiday Inn hotels are specifically designed for business and family oriented leisure [...]
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 [...]
A local development firm is proposing a massive mix of hotel rooms, condominiums and commercial space for a downtown site on U.S. 41 that would rival the planned Sarasota’s Quay revival in financial size and scope.
Lion’s Gate Development Group Inc.’s plans call for as many as 300 upscale condos and 250 hotel rooms operated by [...]
Eurohypo AG, a European specialist bank for real estate and public finance, has supplied a $180 million loan to complete capitalization of the $250 million InterContinental Montelucia Resort & Spa project in the northeast Valley.
The agreement was one of the final pieces in the development puzzle to fall into place.
The evolution of the project began [...]
The weakest of three proposals to build a city-aided mega-hotel servicing the Indiana Convention Center is out of the running.
The development team behind the proposal to expand the Westin Hotel “opted to not move forward,” said mayoral spokesman Justin Ohlemiller on Wednesday.
The competition to partner with the city now narrows to two finalists: a 1,016-room [...]
The Aga Khan Empire has made a major leap into Rwanda by taking over a majority controlling stake from government in the Kigali Intercontinental and Kivu Sun hotels.
The five star and four star hotels respectively have been managed by the government owned Prime Holdings Limited since 2003 and leasing agreements are being finalised by the [...]
Hurricane Paul swept toward Mexico’s Pacific coast on Monday, endangering an exclusive seaside resort in the Baja California peninsula and prime farming areas.
The storm lost strength, dropping from a Category 2 to a Category 1 hurricane, but still carried maximum sustained winds of around 85 mph (140 kph) as it headed northward, the Miami-based
National Hurricane [...]
