Swiss hospitality chain Mövenpick Hotels and Resorts plans to open 15 hotels in five years in India.
Hyatt Hotels Corp., Chicago, announced on Friday that it signed an agreement to acquire 24 hotels from the privately-held LodgeWorks, a private hotel development, ownership and management company, and its private equity partners, for US$802 million. The deal is expected to close in the third quarter.
The 46th Annual Convention of Federation of Hotel & Restaurant Associations of India (FHRAI) will be held between October 11 and 13, 2011. The venue has been finalised and the convention is going to take place at Montien Riverside Hotel in Bangkok.
Dubai has more hotels under construction than any other city in the world, according to a new report by hotel projects tracker, tophotelprojects.com
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Interstate Hotels & Resorts, Arlington, Virginia, announced on Thursday that it was selected to manage six hotels in Sochi, Russia currently under development by NBB-Development, Moscow.