Under the terms of the agreement, which has been unanimously approved by both companies’ Board of Directors and Executive Management Team, Ohm Patel will serve as the merged company’s Chief Executive Officer (CEO) and Aakash Patel, will serve as its Chief Development Officer (CDO).
Source: New feed
InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, announces the opening of the new-build 112-room Holiday Inn Express® Mexico Aeropuerto hotel. This is the first Holiday Inn Express branded property near Mexico City’s Benito Juárez International Airport and is IHG’s fifteenth property in the city.
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David Mehl of Cottonwood Properties and Humberto S. Lopez of HSL Properties announced the formation of a new partnership that has completed the purchase of The Ritz-Carlton, Dove Mountain resort. The hotel will continue to be managed under a long-term management contract by The Ritz-Carlton Hotel Company, L.L.C.
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Bloomin’ Brands, Inc. (NASDAQ: BLMN) is expanding its international presence with plans to develop 26 Outback Steakhouse and Abbraccio restaurants in the Middle East over the next five years.
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Swissôtel Hotels & Resorts today announced that it has entered into an agreement with Sarah Towers For Real Estate Investment Company to manage the 1,624-room Swissôtel Al Maqam, Makkah in the Kingdom of Saudi Arabia.
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The three hotels are Glow Hotel Eindhoven and Hotel Nassau Breda, Autograph Collection in The Netherlands; and the under-construction AC by Marriott Hotel in Mainz, Germany, anticipated to open August 2016.
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The acquisition of the Danish Dayz Resorts by Landal GreenParks forms an entry into the Scandinavian market for the company. Dayz Resorts manages five holiday resorts with a total of more than 1,000 holiday homes on the Jutland peninsula.
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131-room Hotel Indigo Singapore Katong pays tribute to culturally rich Joo Chiat neighbourhood with Peranakan-inspired design
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The Tanzanian based Bakhresa Group has appointed Verde Hotels from South Africa to develop and manage the total overhaul and upgrading of the old Mtoni Marine Hotel in Zanzibar, 2km from Stone Town. The brand new five star property will be known as Hotel Verde, Zanzibar’s greenest hotel.
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With these authorizations, the only remaining country in which Marriott and Starwood require pre-merger authorization is China. Marriott and Starwood continue to cooperate with the Chinese regulatory agency (MOFCOM) and will be prepared to close the transaction promptly upon receiving authorization from China.
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