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News in brief: Starwood, Accor, Hotels.com

Aloft to debut in Sydney: Starwood Hotels & Resorts signed a long-term management agreement with 302 Pitt Operations Pty Ltd., an affiliate of Four Feet P/L, to debut the Aloft brand in Sydney. The 136-room Aloft Sydney Pitt Street is set to open in 2016.

Read more at Starwood’s website 

 


Sheraton grows in Vietnam: Starwood Hotels & Resorts announced that it signed an agreement Oriental Sea Villas and Hotel Company to debut the Sheraton brand in Danang, Vietnam. Sheraton Danang Resort will feature 250 guestrooms and is scheduled to open in 2018.

Read more at Market Watch

 


Accor signs in Cuba: Accor signed a management contract with Gran Caribe (Ministry of Tourism) to open a Pullman hotel in Cuba. The Pullman Cayo Coco will feature 518 guestrooms and is set to open in November.

Read more at Accor’s website

 


Hotels.com introduces Secret Prices: Hotels.com launched a new program called Secret Prices to offer participants with greater selection of hotel deals. To gain access to Secret Prices, customers can subscribe to Hotels.com emails, download the Hotels.com mobile booking app or sign up for Hotels.com Rewards.

Read more at PR Newswire

 


Red Lion to franchise in Pennsylvania: Red Lion Hotels Corp. entered into a franchise license agreement with Hospitality Associates of Harrisburg, L.P. The property is expected to convert to Red Lion on May 13.

Read more at Market Watch

 


Tryp to open in Valencia: Meliá Hotels International signed a hotel in Valencia, Spain, which will operate under the Tryp by Wyndham brand. The hotel, currently named the Vora Fira, will be added in June under a franchise agreement.

Read more at Meliá’s website

 


Marriott announced increase in cash dividend: Marriott International’s board of directors declared a quarterly cash dividend of US$0.25 per share of common stock, which represents a 25% increase over the precious quarterly dividend of US$0.20 per share. The dividend is payable on June 26 to shareholders of record on May 22.

Read more at Marriott’s website

 


Hooters Casino Hotel sold: Canyon Capital Advisors sold the Hooters Casino Hotel in Las Vegas to Trinity Hotel Investors for about US$70 million. Canyon Capital Advisors has owned the property since 2012.

Read more at ABC News

 


New York City hotels show performance decline: STR reports in year-over-year comparisons, Q1 2015 hotel occupancy in New York City decreased 0.2% to 75.2%, average daily rate fell 4.1% to US$204.18 and RevPAR dropped 4.3% to US$153.63. The decline in occupancy came as first-quarter room supply (+3.1%) outpaced demand in the market (+2.9%) in year-over-year growth.

 


Millennial business travelers: According the first installment of the GBTA Business Traveler Sentiment Index, nearly 40% of travelers between the ages of 18 to 34 say they will definitely or probably use a mobile, cashless wallet in the next 12 months, compared to 20% of all business travelers. Additionally, 35% of Millennial travelers are interested in room-finding services, such as Airbnb and about 50% are utilizing social media to review travel suppliers and meet up with colleagues and friends, compared to only 29% overall.

Purchase the full report

 


Emaar expands to Nigeria and Bahrain: Emaar Hospitality Group signed management hotels for hotels and served residences in Nigeria and Bahrain with Eagle Hills. In Nigeria, Emaar will operate The Address Centenary City Abuja and The Address Residences Centenary City Abuja. In Bahrain, Emaar will operate The Address Marassi Al Bahrain, The Address Residences Marassi Al Bahrain, Vida Marassi Al Bahrain and Vida Residences Marassi Al Bahrain. 

Read more at Emaar’s website

 


Fillmore to manage in Chicago: Fillmore Hospitality has assumed management of the 215-room MileNorth Hotel in Chicago.

 


Aimbridge adds Embassy Suites Anaheim-Orange: Aimbridge Hospitality was awarded the management contract for Embassy Suites Anaheim-Orange.

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