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Orient-Express buys hotel in Peru for $7 million
Hotel owner and manager Orient-Express Hotels Ltd. said Tuesday that it purchased a hotel in Peru from Industrias Turistica Vagamundos SAC for $7 million.
The acquisition was made by Orient-Express Hotels’ joint venture company, Peru OEH SA, which used cash reserves and $2.5 million of long-term debt for the purchase.
The Hotel Rio Sagrado, which opened in [...]
List of 500 best hotels throughout the four world regions
Speaking of the global hotel industry, Travel + Leisure recently announced its list of 500 best hotels throughout the four world regions.
Value appeared to be in vogue this year, as the list includes 66 properties that offer rooms for US$250 a night or less, including the Inn on the Alameda, Santa Fe, New Mexico.; Hotel [...]
Mumford Company completes 33rd Hotel sale
Mumford Company recently completed the sale of the Port Wentworth, GA Country Inn and Suites Savannah on behalf of SMS Hotels, Inc. The purchaser, Hayley Sheth Investments, LLC, utilized an SBA 7(a) loan facilitated by a national lender for the acquisition.
The 61 room hotel will undergo renovations as required by the franchisor and retain the [...]
Bancaja says NH bank shareholders form pact
Spanish savings banks holding a total of 20.7 percent of hotel chain NH Hoteles (NHH.MC) have formed a shareholders pact and combined their individual stakes, one of them — Bancaja — said on Monday.
The banks involved are Caja Madrid with a 10 percent stake, Ibercaja with 5.041 percent and Bancaja with 5.66 percent.
Other core shareholders [...]
French hotels polish up their star ratings
France, the world’s top tourism destination, is polishing up its hotel star ratings and introducing a new luxury five-star category to help travellers know what to expect.
The new rating criteria will apply to 18,000 hotels across France, many of which are showing off stars awarded under the previous ranking system that dates back to 1986.
The [...]
Sol Melia to open two hotels in Colombia, one in Portugal
Sol Meliá, the world’s leading resort hotel chain, close the year 2009 adding three new hotels to its portfolio, two of them in Colombia (first entry into this market) and one more in Portugal.
The Meliá Cartagena, located on the road Vía al Mar, from the tourist city of Cartagena de Indias, will be a [...]
Travel trends in 2010: TV, Troubles and Taxes
Television shows and films are tipped to boost travel to destinations across the US next year.
In keeping with the TV theme, ABTA’s annual Travel Trends Report highlights countries and resorts with the ‘X factor’, offering new or unique experiences for holidaymakers.
States emerging from troubled times, such as Sri Lanka, Mexico, Thailand and even Iraq, are [...]
Canada-Costa Rica tourism a hot topic this winter
Costa Rica and Canada are looking to help each other out.
In response to a visit of the Governor General of Canada last week, the Canadian government has expressed interest in creating a consulate in Costa Rica and the National Tourism Chamber (CANATUR) of Costa Rica is looking to attract more Canadian tourists.
During Governor General Michaëlle [...]
HPL Hotels & Resorts Re-Launches 13 Websites
HPL Hotels & Resorts has seen an increase in online bookings of over 35% since switching to the FastBooking Internet booking engine in mid June 2009. In line with the switch-over to the new booking engine, HPL Hotels & Resorts is re-launching 13 brand and individual hotel websites.
Paris and Singapore — November 10 2009 – [...]
Hotel Brokers International forms alliance with OpenBook
Hotel Brokers International (HBI), the nation’s largest hotel brokerage organization with more than 30 offices coast to coast, announced the formation of a strategic alliance with OpenBook, to establish a referral system between the two companies.
The partnership establishes HBI as the preferred broker for OpenBook clients, which will provide referrals to HBI brokers. In turn, [...]
