Skip to main content

Posts

Showing posts from February 19, 2015

JW Marriott Opens First Hotel in Austin

JW Marriott Hotels & Resorts opened its first property in Austin today, approximately two and a half years after the hotel first broke ground. The 34-story JW Marriott Austin is not only the largest hotel in Austin, but also the largest JW Marriott in North America and the second-largest JW Marriott in the world.

Radisson Blu Hotel, Juba to Open Q2 2017 in South Sudan

Besides 158 guest rooms with Radisson Blu signature services such as free high speed internet access, the hotel will offer 4 food & drink outlets, 750sqm of meeting space and a business centre, an outdoor swimming pool & terrace, 300sqm spa & gym, retail space and a sky bar and restaurant overlooking the city.

Hilton Worldwide Acquires Five Landmark Hotels

Hilton Worldwide Holdings Inc.today announced it closed its previously-announced sale of the Waldorf Astoria New York to Anbang Insurance Group Co.Ltd. for $1.95 billion. In addition, Hilton
 Worldwide has signed agreements to redeploy the proceeds of the sale to add five landmark properties in strategic resort and urban locations to its owned portfolio:

Starwood Reports 83 Percent Jump in Quarterly Profit

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today reported fourth quarter 2014 financial results.
“In 2014, we returned $2.4 billion to shareholders through our dividends and stock repurchases. We were able to deliver this amount by reaching our long-term target leverage, with cash flow from operations, and asset sales. During the year, we sold eight hotels for gross proceeds of over $800 million.”

Fourth Quarter 2014 Highlights

Excluding special items, EPS from continuing operations was $0.97. Including special items, EPS from continuing operations was $1.40.Adjusted EBITDA was $335million.