Red Lion enters Washington, D.C.: Red Lion Hotels Corp. will enter into a joint venture with an affiliate of Shelbourne Capital to acquire The Quincy Hotel in Washington, D.C., for an undisclosed amount. The 99-room property will be converted to a Hotel RL.
Pullman to debut in Hubei: AccorHotels and Yichang Xin Hua Yuan Real Estate will open the first Pullman hotel in the Hubei Province of China. The 250-room new-build hotel is set to open in mid-2018.
Read more at AccorHotels’ website
Baha Mar files reorganization plan: Baha Mar filed a Chapter 11 Plan of Reorganization before the US Bankruptcy Court for the District of Delaware. Baha Mar stated that the plan presents a “viable framework” for its emergence from Chapter 11.
Another investor for Red Roof: Bestford Capital bought a majority stake in the 89-hotel Red Rood Inn portfolio. It teamed up with Westmont Hospitality to submit a winning bid of about US$600 million. Westmont Hospitality is retaining a minority stake and continues to operate the portfolio.
Read more at the Straits times
Singaporeans travel more: According to Visa’s Global Travel Intentions Study 2015, 95% of Singaporeans have traveled abroad for leisure in the past two years, higher than the Asia Pacific (84%) and global averages (76%). Eighty-five percent of Singaporean travelers also cite leisure as their main purpose of travel for their most recent trips compared to travelers in Asia Pacific (76%) and around the world (69%).
Hotels focus on 2016 bookings: According to data from the August 2015 TravelClick North American Hospitality Review, hotels in major North American markets are focusing on capturing bookings for early 2016 as opposed to last-minute travel deals.
US hotels expected to collect record surcharges, fees: US hotels are projected to collect a record US$2.47 billion in 2015 from fees and surcharges. The amount surpasses the record US$2.35 billion collection by hotels in 2014.