Fairmont meets sustainability goals: Fairmont Hotels & Resorts today announced that it has achieved World Wildlife Fund Climate Savers Program targets, reducing its operational CO2 emissions by 20% below its 2006 levels. Fairmont is the first hotel brand to meet this goal.
Read more at Fairmont’s website
NH continues growth: NH Hotel Group reported more than 3% RevPAR growth in 2014. NH also expects a boost to its growth strategy in 2015 with its acquisition of Hoteles Royal in January.
Park Hyatt Goa sold: ITC has won the bid to acquire the Park Hyatt Hotel in Goa, India previously owned by Blue Coast Hotels that had been put up for public auction by IFCI Ltd. ITC did not share the final purchase price, but the reserve price for the hotel was set at Rs 542.57 crore (US$100.48 million).
Read more at the Economic Times
Revel sale terminated: A U.S. bankruptcy judge has terminated the US$95.4 million ale of Atlantic City’s Revel Hotel and Casino to Glenn Straub. The judge also ordered that Straub’s US$10 million deposit be released to Revel’s attorneys.