A meeting of the Board of Directors of Kamat Hotels (India) Ltd will be held on March 26, 2011, to consider, merger of certain hotels and restaurants Companies of the Promoters' group with the Company.
Marriott International plans to open a luxury JW Marriott Hotel in Cusco next year. Situated at the gateway to Machu Picchu, the 153-key JW Marriott Hotel Cusco will feature a highly customized design built around a colonial church and ancient Inca artifacts found on the site.
Dune Real Estate Partners has agreed to buy the mortgage on the 84-year-old Mark Hotel on New York’s Upper East Side. Dune will pay US$190 million for the US$300 million note, giving the firm control of the landmark hotel.
Paul Adan has been named vice president of development, based in the regional offices in Weston, Florida, reporting to Laurent de Kousemaeker, chief development officer for Marriott in the Caribbean & Latin America region.