Hilton’s profits up in Q2: Hilton Worldwide reported net income of US$209 million for the second quarter of 2014, compared to US$155 million for the same period in 2013.
Download this PDF from Hilton for the full earnings report
Far East-Toga JV buys 4 hotels in Europe: Far East Hospitality Holdings and Toga Group bought three hotels in Germany — the 127-room Adina Apartment Hotel Berlin Checkpoint Charlie, the 134-room Adina Apartment Hotel Frankfurt Neue Oper and the 139-room Adina Apartment Hotel Berlin Hauptbahnhof — and one hotel in Denmark, the 128-room Adina Apartment Hotel Copenhagen from Toga Accommodation Fund. The hotels have a valuation of €107.1 million (US$143.8 million).
Read more at Singapore Business Review
DoubleTree to expand in Australia: Hilton Worldwide signed an agreement to open the 237-room DoubleTree by Hilton Cairns in the fourth quarter.
Court gives jailed Roy an office: India’s Supreme Court granted jailed Sahara India Pariwar chairman Subrata Roy an office, a phone, Internet connection and three secretaries in prison to assist with selling hotels.
Read more at Business Standard
Hyatt to rebrand S. Korean property: Hyatt Hotels Corp. is rebranding the 522-room Hyatt Regency Incheon as the Grand Hyatt Incheon and adding 500 more guestrooms.