Hotel to be Renamed The Kyoto Grand Hotel and Gardens
Acquires Two Additional Hotels in a Joint Venture with Investcorp Real Estate Group
Molinaro Koger (MK) announced today they facilitated the sale of the Marriott Hotel BWI Airport, on behalf of Ashford Hospitality Trust (AHT). The 309-room full-service asset was acquired by Hibernia Worldwide Hotels BV, a joint venture of the Bank of Scotland and Capital Hotel Group. The hotel will retain the Marriott flag following the sale and will be managed by Marriott under a long-term agreement.
Global Hyatt Corporation and New World Development Company have announced the signing of a management agreement for a new 384-room Hyatt Regency, scheduled to open in 2009 in the heart of Kowloon's Tsim Sha Tsui district.
Mega Gentlemen's Club Expected to Add $18 Million in Annual Revenue and $8.8 Million in EBITDA
Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) continues its aggressive expansion in Asia Pacific, announcing agreements to manage three new Westin hotels in three of the fastest growing markets in India.
Scheduled to debut in 2009, W Washington D.C. will open in what is currently the historic Hotel Washington, an Italian Renaissance revival building occupying the corner of the city's world-famous Pennsylvania Avenue and 15th Street.
The first Marriott International-branded resort in The Republic of Maldives, one of the world's premiere resort destinations, will open in 2009 under a management agreement with ADK Travels Private Ltd.
174-room Courtyard by Marriott Property Scheduled for Basel in 2010
Giorgio Armani S.p.A. is awarding a long term license to EMAAR Hotel & Resorts for the operation of a collection of luxury hotels and resorts.