Hilton announced it has reached the milestone of 9,000 hotels globally, representing nearly three openings per day since reaching 8,000 hotels just over a year ago.
Sultan of Brunei reportedly bids $2 billion for Pierre Hotel, threatening IHCL's Taj brand management contract. Plus other hotel deal and development news.
Boutique Corporation Public Company Limited has secured a position as one of only three third-party operators under Accor in Thailand. Plus more hotel deal and development news items.
Japan's Seibu Holdings will acquire NY-based Ace Group International for $90M, gaining 8-hotel portfolio including NYC, Kyoto, Brooklyn, Athens locations plus creative agency Atelier Ace. Plus more hotel deal and development news items.
Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.
The DJIA rose 49 points while the Nasdaq set yet another record, up 208, while the S&P 500 rose 31 points. The 10-year treasury yield was down .03 to 4.03%. Lodging stocks were modestly higher.The Hospitality Asset…