Berjaya Land Berhad (KLSE:4219) is teaming up with Jeju Free International City Development Center (JDC) to develop a resort-type residential and commercial complex in Jeju in South Korea at a cost of US$2.6 billion.
Berjaya Land’s wholly-owned unit Berjaya Leisure (Cayman) Limited signed the joint venture agreement with JDC on 29 April 2008.
Under the agreement, Berjaya [...]
An international hotel giant plans to open a $100 million, 290-room hotel in Auckland’s CBD by the middle of 2010.
Paul Richardson, vice-president of Accor for New Zealand and Fiji, said yesterday a new five-star Pullman hotel would be built near the city’s waterfront.
The hotel will be aimed at the corporate and meetings market and is [...]
In order to come into line with the investment periods of tourist industry professionals, the SETT (”Tourism Equipment and Techniques Trade Fair”) is bringing forward the dates of its next trade fair. The next event will take place between 6th and 8th November 2007 at the Parc des expositions in Montpellier.
Established in a geographical area [...]
Hotel buyouts are proving a bonanza for mutual funds which snapped up Hilton, Marriott and other hotel stocks after the September 11, 2001, attacks.
Private-equity firm Blackstone Group’s (BX.N) $20 billion bid for Hilton Hotels Corp. (HLT.N) on Tuesday sparked a 27 percent rise in shares of the second-biggest U.S. hotel chain over Thursday and Friday, [...]
The world’s busiest airport is about to get a lot busier.
Officials at Atlanta’s Hartsfield-Jackson International Airport estimate that about 370,000 passengers per day will pass through the facility in the next week or so as the summer travel season kicks into high gear. About 250,000 passengers a day use Hartsfield-Jackson on an average day.
“There are [...]
The project is expected to be completed by the end of 2009.
Mounir Haidar, Sorouh’s CEO commented: ‘Our association with Luxury Real Estate is based on a common vision of providing luxurious yet affordable living where residents can live close to work and enjoy downtown cosmopolitan living.’
Adjacent to the Sky Tower and the Gate District in [...]
World Golf Tour, the world’s most authentic online golf experience, today announced its partnership with Kiawah Island Golf Resort, located in Charleston, S.C. This venture brings the top-rated course to the Internet, making it available for play by anyone, anywhere for the first time ever.
As the recent host of the Senior PGA Championship and the [...]
Starwood Hotels & Resorts Worldwide, Inc. announces today that The Westin Roco Ki Beach & Golf Resort is on schedule to open in May 2008. Destined to become one of the world’s most spectacular luxury properties, the 337-room resort will be located directly on a dedicated four-mile stretch of white sand beach in Punta [...]
As you make your summer travel plans, know it’s getting tougher to get a good deal on a hotel room. Leisure travel is up. So is business travel. And Consumer Reports found there are other reasons why great room rates are hard to come by. But with a little know-how, you can still get a [...]
Starwood Capital Group today announced that the recently launched “1†Hotel and Residences, the world’s first luxury, eco-friendly global hotel brand, will open New York City’s first five-star green hotel on West 40th Street in Manhattan, across from Bryant Park. The “1†Hotel and Residences will be part of a proposed 31-story mixed-use green tower [...]
Finding a good deal on a hotel room is getting harder.
A new survey by Consumer Reports finds that with business and leisure travel on the rise, vacancies are down and rates are up.
Fewer empty rooms, the survey says, could possibly mean fewer big bargains for consumers.
A hotel could return to the downtown waterfront, the city’s docks would extend farther out into the Intracoastal Waterway and the city would finally free itself from a loser of a lease under a complex plan for a major overhaul of the city’s Palm Harbor Marina to be announced today.
The plan, which also calls for [...]
