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Banyan Tree officially launches luxury residences in Brisbane

Brisbane’s growing reputation as a New World City has been reinforced on 17 August with Banyan Tree Executive Chairman Ho Kwon Ping and Lord Mayor Graham Quirk officially launching the group’s first ever Banyan Tree project in Australia.

IHG continues expanding in Germany with five new hotel signings.

InterContinental Hotels Group will add five new Holiday Inn and Holiday Express hotels to its growing presence in Germany, IHG recently announced a record for new signings at its half-year results; having signed 4k rooms (24 hotels) within the first half of the year, this is the company’s best signings performance since 2008.

Citing Rs 103-crore loan default, banks take over Hotel Park Plaza in Chandigarh

AMID HIGH drama which continued for nearly three hours, a consortium of banks and financial institutions, led by Punjab National Bank (PNB), on Friday took possession of Hotel Park Plaza in Sector 17 in the presence of around 300 guests.

Hilton Worldwide ‘wants to be the best, not the biggest’

While the global hospitality sector witnesses consolidation – with Marriott and Starwood announcing a merger as well as Accor Hotels acquiring FRHI Hotels & Resorts – American hospitality company Hilton Worldwide is not changing its strategy and will stick to organic growth.