Summit Hotel Properties, Inc. announced today that it has priced an underwritten public offering of 6,400,000 shares of its 6.25% Series E Cumulative Redeemable Preferred Stock (the ÒSeries E Preferred StockÓ) at a public offering price of $25.00 per share, for gross proceeds of $160 million.
Hotel industry veteran launches consultancy
A Dubai-based hospitality industry veteran, Gaurav Sinha, has set up a consultancy called Quillon Hospitality to offer development and management advisory. ÒThe past few years have brought immense shake-ups and formative change within almost every facet of the hospitality sector,Ó said Mr Sinha.
CubaÕs new luxury hotels look to lure waves of US tourists
In HavanaÕs Parque Central, shady stone benches and graceful palm trees beckon to mojito-sipping tourists and locals gathering to shoot the breeze. The gathering spot, in the center of town, is surrounded by horse-drawn carriages and long lines of colorful finned-and-chromed 1950s cars. But more utilitarian vehicles have recently begun circling the square: construction equipment transforming old buildings into luxury hotels.
Hilton to spend over $50million towards the Hilton Africa Growth Initiative over next five years
Hilton will spend over $50million in the next five years supporting the Hilton Africa Growth Initiative which will see the expansion of Hilton’s African portfolio
AccorHotels and SNCF Group sign partnership for development of historic Orient Express brand
A significant partnership has taken place with AccorHotels and SNCF Group developing and partnering with historic brand Orient Express
AETHOS and 20|20 assessSM launch global psychometric study to identify “hospitality X-factor”
In response to requests from industry operations professionals, human resources executives and hiring managers, AETHOS Consulting Group has launched an unprecedented global study to uncover the “X-factor” in hospitality employees using the latest psychometric testing.
Red Lion unveils new brand alignment
Red Lion Hotels Corporation (RLHC) has announced the evolution of its brand portfolio following the acquisition of Vantage HospitalityÕs hotel franchising business.
RLH Corporation agrees to franchise agreement with five hotels
RLH Corporation has agreed to the signing of a franchise agreement between five hotels, expanding the groups property portfolio.
Air Canada partners with Amadeus
This significant partnership is set to develop and support international air travel providing an improved overall customer service experience for…
Australia on target to reach ambitious tourism goals
Australia is on target to reach its target of AU$115 billion in overnight spend in tourism by 2020, led by a high performing hotel sector averaging occupancies close to 70 per cent year round.











