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Sahara's Grosvenor House put on sale; may fetch Rs 5,000 crore

LONDON/NEW DELHI: In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain "technical breaches". 

Hyatt Place Tijuana Opens in Mexico

 Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Place Tijuana in Baja California, Mexico. Hyatt Place Tijuana is the fourth Hyatt Place hotel to open in Mexico, and continues Hyatt’s growth strategy in the country.

Hilton Worldwide Acquires the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek

Hilton Worldwide has acquired the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek from a consortium including affiliatesof GEM Realty Capital, Farallon Capital Management and Blackstone.

Marriott Q4 Net Income Up 30%

Marriott International, Inc. (NASDAQ: MAR) yesterday reported fourth quarter and full year 2014 results.Fourth quarter 2014 net income totaled $197 million, a 30 percent increase over 2013 net income.  Fourth quarter 2014 diluted earnings per share (EPS) totaled $0.68, a 39 percent increase from 2013 diluted EPS.