Budget hotel group and facade contractor launch IPOs (Finance Asia)
China-based Hanting Inns and Hotels is aiming to raise up to $110 million ahead of a Nasdaq listing, while facade specialist Far East Global is seeking up to $79 million from a Hong Kong IPO.
Budget hotel expands to meet demand (The Freeman)
In order to cash in on the growing number of tourists in Cebu, a neophyte hotel chain plans to build 100 additional rooms by yearend and another 160 in the next year.
Premier Inn Acquires Property Adjacent to the Olympic Stadium (PRWeb via Yahoo! News)
Premier Inn has acquired new property adjacent to the Olympic Stadium, part of the company's £160m budget hotel expansion In London.
HVS EMEA Hospitality Enews - Week Ending 12 march 2010 (Hospitality Net)
A Change Of Owner For The Le Méridien King Edward | Fantastic Four For Scandic | Three Musketeers For Travelodge | Gresham Hotel Group To Leave London and A New Owner For The New Northumbria | Hilton Heads To Norway | Marriott To Multiply In Europe | Taking It Easy In Berlin | A Capital New Fund For Blumberg | InterContinental Hotels Group Gets Set To Stay In Saudi Arabia | A New Hilton To Take ...
Matrix Property Middle East launches $300 million fund (Zawya)
Matrix Property Middle East, a new venture of UK-based financial services business, is launching a property fund with approximately $300 million (Dh1.1 billion) in equity, a top company executive said.
Home Inns Sees Expo Boosting Shanghai Room Rates (Correct) (BusinessWeek)
Home Inns & Hotels Management Inc., China’s biggest budget hotel operator, said this year’s World Expo in Shanghai will boost room rates by as much as 20 percent, and it’s adding up to 200 hotels nationwide.
Search FT.com (Financial Times)
A focus on bargain price rooms and an aggressive advertising campaign aimed at rival hoteliers have helped Premier Inn, the budget hotel chain owned by Whitbread , regain some of the momentum it lost during the year.
Premier Inn buys out Emaar’s Indian JV stake (Arabian Business)
Official says the firm has trimmed its investment plans for India post downturn.
Home Inns Sees Expo Boosting Shanghai Room Rates (Update1) (Bloomberg)
March 10 (Bloomberg) -- Home Inns & Hotels Management Inc. , China’s second-biggest budget hotel operator, said this year’s World Expo in Shanghai will boost room rates by as much as 20 percent, and it’s adding up to 200 hotels nationwide.
Home Inns Sees Expo Boosting Shanghai Room Rates (Update1) (Bloomberg)
March 10 (Bloomberg) -- Home Inns & Hotels Management Inc. , China’s second-biggest budget hotel operator, said this year’s World Expo in Shanghai will boost room rates by as much as 20 percent, and it’s adding 38 percent more hotels nationwide.