Sources: Hyatt is newest bidder for Kimpton hotels | NYC-Marvel hotel spices $2.2B Disney Paris expansion | Retail acquisitions won't end hotel dominance for REIT
Hyatt Hotels has joined the list of potential buyers of Kimpton Hotels & Restaurants, sources say. Kimpton owner Xenia Hotels & Resorts allegedly could receive around $500 million for the portfolio.
Disney Corp.'s gargantuan Paris presence will be further enhanced in 2020 with a $2.2 billion expansion that will include an original hotel transformed into a comic-book universe. Disney's Hotel New York-The Art of Marvel dates to the 1992 opening of Disneyland Paris (with a Big Apple theme) and is one of six hotels comprising the fifth-largest hotel complex in France.
Service Properties Trust says it will continue investing in hotels following its $2.4 billion outlay on retail properties. President and CEO John Murray aims to maintain hotel space at 55% to 60% of the real estate investment trust's portfolio.
Scientists and tourists seeking accommodations with a unique and broad view will get their chance in 2025, says the company developing a "space hotel." The Gateway Foundation proposes to house the hotel in an Earth-orbiting space station, complete with drinking and dining establishments and gravity-free areas.
InterContinental Hotels Group is deploying new methods, technologies and hires in the battle to streamline and stabilize rates and bookings at its nearly 6,000 properties. Like its competitors, IHG is taking a harder line with online travel agencies and wholesalers in the West, while innovating with online services in Asia to jump-start sales.
The San Francisco Marriott Marquis, which opened for business on the day of 1989's Loma Prieta earthquake, celebrated its 30th anniversary last week with a gala party attended by city and industry leaders and other notables. The 39-story property suffered only a broken window from the Oct. 17 tremor and opened its doors to refugees from more heavily damaged hotels.
At any given moment, the majority of travel shoppers are actively looking for a place to stay and will purchase within six days. Here are 3 things that hotel marketers and revenue managers can do to engage last minute hotel-bookers. Read the blog here.
Booking Holdings will defend the trademark of its Booking hotel-reservations website before the Supreme Court, which has agreed to hear an appeal by the US Patent and Trademark Office. A lower court upheld the trademark of the website's name, which the USPTO argues is overly generic.
