Marriott’s profits up in Q2: Marriott International reported that its second quarter 2014 net income totaled US$192 million, a 7% increase compared to second quarter 2013 net income.
Read more at Marriott’s website
Element to expand in Colorado: Starwood Hotels & Resorts Worldwide signed an agreement with a joint venture between Silverwest Hotel Partners and Mariner Real Estate Management to open the 113-room Element Basalt Aspen Valley in August 2015.
Pearlshire buys hotel in Illinois: Pearlshire Capital Group purchased the 172-room Holiday Inn Chicago SW Countryside Conference Center, located in Countryside. Pearlshire will invest US$8 million in renovating the property and retain Ultima Hospitality as the hotel operator.
Crowne Plaza to expand in India: IHG signed a management agreement with Sikka to open the 150-room Crowne Plaza Taj Expressway Noida in 2018.