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 [...]

Newlyweds seeking a little adventure on their honeymoon may want to consider the Mexican Caribbean island of Cozumel Home of Ixchel, the Mayan Goddess of Fertility, Cozumel has long been viewed as a place of romance and love. With its intimate island setting, warm tropical climate, beautiful white-sand beaches and crystal clear aquamarine waters, Cozumel [...]

On 17th January 2007, three days before the World Social Forum opened in Nairobi, a gentleman walked into the Jamia Plaza, which is located behind the Jamia Mosque in Nairobi’s Central Business District.
He walked around some of the almost 100 shops selling apparel, cosmetics, cell phones, fast foods and other merchandise on the ground floor [...]

China and India are the fastest growing economies in the world and are expected to stay that way for the foreseeable future. Many international companies have had large operating and development teams in the region for sometime. Uniformly all companies are accelerating their activity. Those with mid-market and economy brands see this as the opportune [...]

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 [...]

Downtown Boston’s condominium market staged a year-end rebound, resulting in a modest 3.4 percent decline in condo prices for all of 2006.
The median price for the 3,494 condos sold in 2006 was $449,000, according to Listing Information Network, or Link. Sales fell 9.8 percent for the year, making it the slowest year downtown since 2003.
The [...]

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 [...]