Hersha Hospitality Trust has agreed to acquire the under-construction 175-key Hyatt Union Square in New York City for US $104.1 million, or about US$595,000 per key. The hotel is expected to open next year.
Hilton Worldwide has entered into a strategic agreement with BT Openzone to provide a fully-managed suite of Wi-Fi and Internet services across hotels in the U.K. and Ireland. The new technology will provide a tenfold increase in bandwidth and an even more consistent, high-quality online experience for guests at nearly 100 Hilton Worldwide properties beginning in Autumn 2011.
Bistro Hospitality Pvt Ltd that operates global casual dining restaurant chain, TGI Friday's (TGIF) in India today said it will open a minimum of two to three outlets every year and will focus only on large formats.