Langham starts Optimum Programme: Langham Hospitality launched the Optimum Programme designed specifically for small and medium-sized companies. The Optimum Programme provides corporate rates and benefits at all participating Langham Hotels and Resorts for companies that occupy 20 to 50 room nights per year.
Read more at Langham’s website
Wyndham completes securitization: Wyndham Worldwide Corp. completed a term securitization transaction involving the issuance of US$275 million of asset-backed notes. Sierra Timeshare 2015-2 Receivables Funding LLC issued US$214 million of A-rated notes and US$61 million of BBB-rated notes.
Hotel guests demand mobile: According to a new report from PwC that surveyed asset managers representing 3,500 hotels and resorts, two-thirds of respondents said mobile check-in will likely be the norm by 2017.
ALG cuts ties with Trump hotels: Apple Leisure Group has removed all Trump hotels from its portfolio.
Pinnacle sells 15 hotels: Pinnacle Hotel Management sold a 15-hotel, select-service portfolio comprised of Marriott- and Hilton-branded hotels for US$203 million to the Blackstone Group. Hunter Hotel Advisors represented Pinnacle in the sale.
Plans submitted for the Peninsula London: Plans have been submitted to the Westminster City Council for the new 190-room Peninsula London by joint venture partners Grosvenor Britain & Ireland and The Hongkong and Shanghai Hotels. The hotel will be designed by Hopkins Architects.
Chinese International Travel Monitor: Chinese outbound travel increased 20% to 107 million travelers in 2014, according to Hotels.com’s Chinese International Travel Monitor report. The amount of money travelers spent also increased, with the top 10% of travelers spending more than US$2,225 per day.