hospitalitybiz.org

On July 3, 2007, Blackstone Group and Hilton Hotels Corp. announced the sale of Hilton to Blackstone for $26 billion. This is the biggest acquisition of a hotel company in history.

Blackstone will pay Hilton stockholders approximately $47.50 for each of their shares — (more…)

Chain hotels succeeded in pushing up room rate during May, according to the latest HotStats survey from TRI Hospitality Consulting. (more…)

Brisbane’s much awarded Watt Modern Dining changes hands today following its purchase by Australian International Hospitality Group. (more…)

Young chefs Jessica Chand and Mary Elzir have won the New South Wales leg of the Nestle Golden Chefs Hat award and will now be part of the national final in September in Sydney. (more…)

Singapore Tourism Board has been recognized for its successful international promotion of Singapore, having recently been awarded ‘Best Tourism Branding’ and ‘Best Medical Branding’ for its effective marketing campaigns. (more…)

The growth of the Chinese urban middle class will undoubtedly benefit the hospitality sector over the next 15-20 years, but not especially the high end, which will continue to remain out of reach of over 98% of Chinese. (more…)

Kusido Hospitality and Property Group Pty Ltd, which operates hotels under the Leisure Inn Hotels and Suites and Park Regis brands, announced today the purchase of Management Letting Rights (MLR’s) of four hotel properties in Queensland for $12.7 million from the Oaks Group. (more…)

Jimmy Suh, managing director of The Private Label Company, LLC (The PLC), announced today that it has signed Okura Hotels & Resorts to its rapidly expanding customer portfolio. (more…)

The first Asian Luxury Tourism Exposition was concluded in Shanghai on Thursday. It was also the smallest luxury tourism exposition in the world.

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Hyatt Place today announced its development results for the first half of 2007 with an additional 20 new build hotels, bringing the total number of new build Hyatt Place projects under development to 50 hotels. (more…)