Hotel Development Cost Survey 2008 - By Elaine Sahlins
The 2008 hotel development survey reports updated per-room development costs for 2007. ...more

Host Hotels & Resorts Announces Acquisition of Six Hotels By Its European Joint Venture
Host Hotels & Resorts, Inc. (NYSE:HST) today announced that its joint venture in the Netherlands with Stichting Pensioenfonds ABP, the Dutch pension fund for public employees, and an affiliate of GIC Real Estate Pte Ltd, the real estate investment company of the government of Singapore Investment Corporation Pte Ltd, entered into an agreement to purchase six hotels comprising 1,954 rooms in three countries for approximately euro 565 million. ...more

Encore Enterprises Acquired Sterling Resorts And Sterling Realty
Encore Enterprises announced today that its Encore Hospitality subsidiary has acquired Destin, Fla.-based Sterling Resorts, LLC and Sterling Realty, LLC from The Sterling Companies through a stock purchase agreement. ...more

Fairmont Announces New Resort in Morocco
Fairmont Marrakech set to open in 2011 ...more

Four Points by Sheraton Sets Sights on El Paso, Texas
Four Points by Sheraton El Paso Airport Will Open in 2010, Offering Comfortable Beds, Great Extras and Proximity to Business Community and Downtown El Paso ...more

Accor Confirms its Commitment to Poland by Raising its Stake in the Orbis Group to 50%
As part of its hotel development strategy in Central Europe, a market with very strong growth potential, Accor has announced that it has raised to 50.01% its holding in the Orbis group, which is listed on the Warsaw Stock Exchange. ...more

Fairmont Expands Asia Footprint with New Resort in China
New Property at Exclusive Haitang Bay of Sanya, Hainan Island, China ...more

CHI Hotels & Resorts To Operate Twin Property Corinthia Beach Resort In Sharm El Sheikh Egypt
Malta based CHI Hotels & Resorts (formerly Corinthia Hotels International) announced the signing of a long term management agreement with Cyrene Tourism Investment Corporation of Egypt for the operation of two new upscale properties in the highly popular Egyptian resort of Sharm el Sheikh. Both hotels will form part of a major resort destination to be known as the Corinthia Beach Resort. ...more

Taj Hotels Resorts And Palaces Launches A Premium Business Hotel In Thiruvananthapuram
Enters into a Management contract with Dodla Intenational Limited ...more

Las Vegas Sands and Starwood Hotels & Resorts Sign Contract to Open First St. Regis Residences in Las Vegas
St. Regis Residences to Join Venetian and Palazzo Offering Superior Design and Bespoke Service on the Famed Las Vegas Strip ...more

Morgans Hotel Group to Launch International Expansion with New Delano in Dubai
Morgans Hotel Group Co. (NASDAQ: MHGC) announced the development of Delano Dubai with a leading real estate development firm, marking the commencement of MHG's international expansion. Delano Dubai will be operated by MHG under a long-term management contract and is expected to open by 2012. ...more

IHG Opens Its First Hotel Property in Ecuador
139-Room Holiday Inn Express Quito Will Be the First IHG Hotel to Open in Ecuador ...more

Fairmont Hotels & Resorts Announces First Hotel in India
Fairmont Hyderabad to Open in 2010 ...more

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