AccorHotels reports first-half results: AccorHotels reported its first-half 2015 revenue was up 5.1% to €2.726 million (US$2.98 million) compared to 2014. Net profit was up 68% to €91 million (US$99.4 million).
Read more at AccorHotels’ website
IHG reports first-half results: IHG reported its first-half 2015 pretax profit rose to US$458 million, compared to US$377 million in 2014. Revenue rose to US$915 million from US$908 million in 2014. Global RevPAR rose 5.1%, with growth across all regions.
Strategic acquires remaining interest in Essex House: Strategic Hotels & Resorts acquired the remaining 49% ownership interest in the JW Marriott Essex House hotel in New York. The remaining interest is projected to generate an incremental approximately US$5.5 million of EBITDA in the remaining five months of 2015.
Xenia acquires several hotels: Xenia Hotels & Resorts acquired the RiverPlace Hotel in Portland, Oregon; the Canary Hotel in Santa Barbara, California; and the hotel Palomar in Philadelphia for a combine purchase price of US$245 million.
Aman to add second property in Japan: Aman will launch Amanemu in Ise Shima National Park, Japan, in 2016. The property will be Aman’s second in Japan and its first-ever hot spring resort.
Read more at Travel Daily Media
Hotel Phillips sold: The Marcus Corp. has agreed to sell Hotel Phillips in Kansas City, Missouri, to an affiliate of Arbor Lodging Partners. The sale and transition of management for the hotel is slated for September 1. Terms of the transaction were not disclosed.
France forbids rate-parity clause: The French National Assembly adopted the deletion of any rate-parity clauses from contracts between hoteliers and OTAs.
Benchmark grows in San Francisco: Benchmark Hospitality International added Hotel Zelos San Francisco to its Personal Luxury Resorts & Hotels brand collection.
Call for Orbitz-Expedia merger scrutinization: U.S. Senators Amy Klobuchar and Mike Lee called on the Department of Justice to closely scrutinize the proposed acquisition of Orbitz by Expedia. The senators said increased consolidation among OTAs could stifle competition.