Thompson to expand in Tennessee: Commune Hotels & Resorts signed an agreement with MarketStreet Enterprises, AJ Capital Partners and The Berger Co. to open the 224-room Thompson Nashville in summer 2016.
Kimpton to expand in Tennessee: Kimpton Hotels & Resorts signed a deal with Buckingham Cos. to manage a 180-room hotel under development near the Vanderbilt University campus in the Midtown neighborhood and set to open in late 2016.
Fairmont to expand in China: FRHI Hotels & Resorts signed a deal with Golden Land Real Estate to open the 390-room Fairmont Suzhou in 2018.
Kempinski exiting London hotel: Kempinski Hotels and The Stafford Hotel announce today that they have mutually and amicably agreed to end the management agreement for the 105-room The Stafford London by Kempinski.
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Choice CEO sells stock: Stephen Joyce, president and CEO of Choice Hotels International, sold 11,659 shares of the company’s stock in a transaction that occurred on Monday, August 18. The stock was sold at an average price of US$50.69, for a total value of US$590,994.71.
IHG to expand in Turkey: IHG signed a franchise agreement with Ali Sert Otel Tur. Ins. San. Tic. LTD to open the 161-room Holiday Inn Kayseri – Düvenönü in early 2016.