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 [...]
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 [...]
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 [...]
InterContinental Hotels Group said it has signed a deal to open a Holiday Inn hotel and school in Panama, marking the first time the company has developed an educational facility.
The Miami-based hotel group (NYSE: IHG) proposed an 110-room hotel at the City of Knowledge, an international complex for education, research and innovation, in a project [...]
