Which hotel brands have the most projects under construction?
- Tuesday, 22 March 2016 15:22
The Hilton Worldwide hotel group is attempting to become the largest hotel brand in the world, ramping up its expansion and trying to oust market leader InterContinental Hotels Group, or IHG.
On a list of top 10 hotel brands worldwide, Hilton takes the lead with 4 of its brands listed, while IHG only has one, Holiday Inn Express, coming in at the bottom of the list. IHG, while remaining the largest group overall, has began to limit its expansion, which gives Hilton group a chance to take over the top ranking.
Starwood hotels, a key competitor, has an unclear future, but its brands remain on the list, while Carlson Redizor, also known as Radisson, focuses on its key hotel brand, Radisson Blu.
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Which hotel brands have the most projects under construction?
Thailand’s Anantara Vacation Club eyes China expansion
- Tuesday, 22 March 2016 12:51
Martin Tolan, the chief operating officer of Anantara Vacation Club, a subsidiary of Minor International, says that his company plans to buy up many hotel properties in China with the goal of making inroads into tourism in that country.
The company hopes to buy properties around Sanya, Guilin and Lijiang as well as around the under-construction Disney theme park near Shanghai. His company operates on the shared ownership or timeshare concept, which has long existed in the US and Western Europe, has only recently come to Asia. However, it has been taking off, as nearly 50% of the Vacation Club’s 7000 members come from China or Hong Kong. China is a particularly good fit for the company, as unlike Malaysia and Singapore, it has essentially no regulations of the timeshare industry.
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Thailand’s Anantara Vacation Club eyes China expansion | South China Morning Post
Starwood chooses Chinese insurance group Anbang’s merger offer over Marriott’s
- Saturday, 19 March 2016 13:23
Starwood has informed Marriott that they intend to terminate their merger agreement unless Marriott can amend terms to satisfy Starwood board that its bid is superior to that of rival offer from Anbang.
Marriott & Starwood re-affirm their merger intentions
- Wednesday, 16 March 2016 20:04
Offering stockholders significant equity upside and greater long-term value, Marriott International has reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide Inc. Noting that the already announced merger deal is in the best interests of both the firms, Marriott said that it will work toward the successful integration of the two companies in anticipation of votes by each company’s stockholders on March 28, 2016.
Starwood receives USD13B takeover bid
- Wednesday, 16 March 2016 04:20
Starwood Hotels & Resorts, now on a merger path with Marriott International, has come across a takeover bid from a “consortium” of investors led by the Chinese insurance group Anbang for an aggregate value of $13 billion that works out to a unit share price of $76.
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