Wyndham completes securitization: Wyndham Worldwide Corp. has completed a US$325 million securitization. Sierra Timeshare 2014-3 Receivables Funding LLC issued US$255 million of A-rated notes and US$70 million of BBB-rated notes.
Hilton Garden Inn to open in Saudi Arabia: A newly constructed Hilton Garden Inn will open in Yanbu, Saudi Arabia in 2017. The 239-room hotel will be located in a mixed-use development of leisure, residential and retail units along Yanbu’s waterfront.
Hotel Hermosa sold: Pacifica Hotels has acquired the 81-room Hotel Hermosa on Hermosa Beach, California. Pacifica will renovate the property prior to its reopening.
Read more at The Beach Reporter
Regent returns to Jakarta: Regent Hotels & Resorts will open a luxury hotel and residential development in Jakarta, Indonesia. Regent Jakarta will open in 2018 and include 126 guestrooms and suites and 107 residences.
Premier Inn expands to Singapore: As part of its plan to open 50 hotels in southwest Asia by 2018, Premier Inn will open its first hotel in Singapore. The 300-room hotel will open in 2016.
Sustainable tourism: The Sustainable Tourism Programme of the 10-Year Framework of Programmes on Sustainable Consumption and Production Patterns has been created to promote sustainable tourism over the next decade. The initiative is led by the World Tourism Organization of the United Nations and the governments of France, Morocco and the Republic of Korea with support from the United Nations Environment Program.
Read more the United Nations Environment Program’s website
Website redesign: Hospitality Financial and Technology Professionals has launched its redesigned and mobile-friendly website: HFTP.org. The site was designed by Interactive Sites and will serve as the central portal for the association.
HHonors update: Online travel community FlyerTalk is reporting a security breach has left Hilton HHonors rewards members susceptible to stolen points and fraudulent credit-card charges. HOTELS has learned that the breach is not considered a “hack” of the HHonors system, rather perpetrators are using user information and passwords found on other websites and finding their way into less than 1% of HHonors accounts. Hilton is replenishing all points lost from vicitimized accounts and reminding these HHonors members to change their passwords.