Create: Feb 27, 2019 Edit: Mar 5, 2019 TV
Create: Feb 27, 2019 Edit: Mar 5, 2019 TV
Create: Feb 27, 2019 Edit: Mar 2, 2019 TV
3H Group shells out $10.25 million for the Brickell development site, where a Residence Inn by Marriott was being planned 3H Group has paid $10.25 million for property located in Miami’s Brickell, which the company plans to use as a new hotel development site. 3H Group, a US-based organization with its headquarters in Tennessee, paid approximately $200 per square foot for the site, which is located in Brickell at 1741 Southwest Second Avenue in Miami. BIG PLANS The site totals four properties and covers roughly 30,000 square feet, marking a significant investment for the company. The seller of the site was the Doral-based Hotelex Properties, which initially planned to build a 206-room Residence Inn by Marriott, property records show. The company paid $6.05 million for the assemblage in 2014. The Brickell site is in front of the Homewood Suites by Hilton Miami and near the Habitat Residence Condo Hotel.
Create: Feb 26, 2019 Edit: Mar 5, 2019 International News“We are surprised that some people consider the statements of the most responsible members of the Hoteliers Association to be irresponsible and unprofessional on hotel industry issues. The Iran Hoteliers Association has always been a good partner with Cultural Heritage, Handicrafts and Tourism Organization of Iran align with the growth and improvement of the hospitality industry in the country. Contrary to the statements made by these people, the Fourth Factor will not be left to hoteliers themselves, but Iran Hoteliers Association will be responsible. Iran Hoteliers Association is now carefully and rigorously focused on all aspects of the hospitality industry in the country, and has sufficient control over its sub-functions, and has proved its competence and qualification during this period. The decision to hand over the affairs is handled by the Cultural Heritage, Handicrafts and Tourism Organization of Iran, and the head of the organization has identified the best option for Iran Hoteliers Association. The Board of Governors of the Iran Hoteliers Association, selected by all the industry's activists across the country, will strive to do his duty and what is best for all hoteliers in this country." Kamiar Eskandrian - Member of the Board of Directors and Secretary of the Iran Hoteliers Association in Iran
Create: Feb 26, 2019 Edit: Mar 5, 2019 Regional NewsHotel News - Red Planet Japan announces the $59.5 million acquisition of the Thailand-based hotel arm of its parent company Red Planet Hotels Limited on the back of a series of expansion announcements in the Asia Pacific region. Red Planet Japan has announced that it is acquiring the Thailand-based hotel arm of its parent company Red Planet Hotels Limited. Industry experts say the acquisition is likely to be completed by the end of the first quarter of the financial year 2019. Red Planet Japan will acquire a half dozen hotel-owning companies in Thailand, all of them from its parent company. This will make for a total acquisition consideration of 6.5 billion Japanese yen or $59.5 million. The acquisition includes five operating hotels, located in Surawong (Bangkok), Patong (Phuket), Asoke (Bangkok), Pattaya, and Hat Yai. It also includes a sixth property that is currently under development in Sukhumvit Soi 8 (Bangkok). The operating hotels being acquired in Thailand have a recorded sales that totals 692 million Japanese yen ($6 million) in 2017 and 787 million Japanese yen ($7.1 million) in 2018. As a result of this acquisition, Red Planet Japan’s portfolio will increase to a total of 15 hotels in Japan, Thailand, and the Philippines, including five hotels under development. EXPANSION OF JAPANESE TOURISM Japan, like many markets with easy access to Southeast Asia, has undergone a tourism boom in recent years. Factors such as the expansion of low-cost carrier routes, the loosening of visa requirements, and a growing affinity for Japanese culture, has fueled a substantial increase in the number of tourists travelling from Southeast Asia to Japan in recent years, especially from Thailand.
Create: Feb 25, 2019 Edit: Feb 26, 2019 International NewsCreate: Feb 22, 2019 Edit: Feb 23, 2019 TV
Create: Feb 21, 2019 Edit: Feb 23, 2019 TV