Dubai shifts away from luxury hotels: A recent study from JLL reports that 44% of the 3,600 new hotel rooms to enter the Dubai market in the final months of 2015 are mid-market.
Synergy to manage airport hotel: Synergy Hospitality has assumed management of Hampton Inn by Hilton Philadelphia-International Airport following the recapitalization of the hotel.
Samhi Hotels buys in Vizag: Samhi Hotels has purchased a 124-room property from Vizag-based Vishnu Priya Hotels. Although the price was not disclosed, people aware of the transaction say it sold for Rs 90-95 crore (US$1.42 million-US$1.5 million). The hotel was running under the Four Points by Sheraton brand of Starwood.
Greek hotels see VAT tax hike: On the heels of Greece’s parliament approving the bailout package presented by Prime Minister Alexis Tsipras this week, the value-added tax (VAT) for hotels is expected to rise. The VAT rate on hotels is currently 13%, but the agreements says the government will raise this to 23%, resulting is a hike in food and guestroom prices.