Tag Archives: hotel management

Hyatt Expands All-Inclusive Portfolio with $2.6 Billion Acquisition of Playa Hotels & Resorts

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(IN SHORT) Hyatt Hotels Corporation has entered into a $2.6 billion agreement to acquire Playa Hotels & Resorts, a leading operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica. This acquisition, which includes approximately $900 million in debt, strengthens Hyatt’s position in the all-inclusive resort market, expanding its Hyatt Ziva and Hyatt Zilara… Read the full press release

Minor Hotels to Introduce NH Collection in Spain’s Balearic Islands with the Upcoming Launch of NH Collection Ibiza

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(IN SHORT) Minor Hotels is set to introduce NH Collection to the Balearic Islands with the opening of NH Collection Ibiza in April. This newly refurbished five-star property, previously the Sir Joan Hotel, will offer a premium experience for guests, combining the iconic location with NH Collection’s renowned service and quality. This launch marks a… Read the full press release

Preferred Hotels & Resorts Outperforms Competitors and Drives Cost Savings, Reveals New Performance Report

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(IN SHORT) On Independent Hotel Day, Preferred Hotels & Resorts revealed a U.S. Performance Report conducted by HVS, showcasing the strong performance of its 92 affiliated hotels in North America from 2021 to 2023. The report highlights how Preferred-affiliated properties outperformed their competitors in RevPAR penetration across primary, secondary, tertiary, and resort markets. Resort hotels… Read the full press release

BHMA Set to Unveil Latest Away Resort in Pranburi

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  Bangkok, Thailand, 2018-Oct-31 — /Travel PR News/ — Flight Centre Travel Group’s hotel and accommodation business BHMA has announced the signing of a hotel management agreement with Thai developer Ban Pulakorn (2550) Co., Ltd. to operate Away Pranburi Beach Resort. Currently operating as Pulakorn Private Beach Resort, the resort will be rebranded from November 1, 2018,… Read the full press release

Interstate Hotels & Resorts welcomes historic, 4-Diamond Hilton New Orleans/St. Charles Avenue hotel to its expansive portfolio

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ARLINGTON, Va., 2018-Oct-26 — /Travel PR News/ — Interstate Hotels & Resorts, the premier global hotel management company, adds the historic, 4-Diamond Hilton New Orleans/St. Charles Avenue hotel to its expansive portfolio. The new management contract furthers Interstate’s coast-to-coast U.S. expansion following recent acquisitions, including the Courtyard by Marriott Anaheim Resort/Convention Center in California and… Read the full press release