IHG Plans to Run 100 Hotels in India by 2029
Skift Take
IHG Hotels & Resorts plans to double its presence in India to 100 hotels over the next five years, expanding in key cities and introducing the InterContinental brand in Telangana by 2029.
STR reported China hotel data for the week ended April 20th. China hotel RevPAR was down -3.7% year over year. But it was up against a very tough comp of +143.8% in the year ago week.
The Elanor Hotel Accommodation Fund, managed by Elanor Investors Group, has sold the Leura Gardens Resort less than 12 months after acquiring the Blue Mountains, Australia resort. The freehold going concern interest in the resort has been sold to Schwartz Family Company which is Australia's largest privately-owned hotel group. They also own the nearby Fairmont Resort. The sale price represents a 25% premium on the fund's original purchase price. The Leura Gardens Resort comprises a mix of 92 guest rooms, suites, and serviced apartments, as well as a two-bedroom on-site manager's residence, situated on an 18,793 square meter freehold land parcel. It also incorporates substantial conference and events facilities, two restaurants and bars, a
