property investment companies

Ireka sell Westin KL

KUALA LUMPUR - Ireka Corporation Bhd, through its subsidiary Ireka Sdn Bhd, is selling the 452-room five-star Westin Kuala Lumpur to Newood Assets Ltd, an international property investment company, for RM455 million (US$124 millon), Ireka yesterday ... TravelWeekly Asia
Hotels

Ritz-Carlton Guangzhou opens early 2007

CHEVY CHASE – The Ritz-Carlton Hotel Company will have its fifth property in China, the Ritz-Carlton, Guangzhou featuring 353 guestrooms and 120 serviced private residences. Expected to open early 2007, the Ritz-Carlton Guangzhou is located close to ... TravelWeekly Asia
China - MICE - Hotels

Sofitel out of Cambodiana

4 October 2000 CAMBODIA – Cambodiana Investment has announced that it will not be extending the management agreement with Accor in Phnom Penh. In a press release, Michel Horn, managing director of the Singapore-based company, said, that the ... TravelWeekly Asia
Airlines - Hotels

Growing investments in serviced residence market

THERE is a new player onboard the serviced residence scene - Pan Pacific Serviced Suites. Launched by Pan Pacific Hospitality, this marks a milestone for Pan Pacific Hotels and Resorts as it now has an extended stay product that caters to the demands ... TravelWeekly Asia
Hotels

Swiss-Belhotel to manage new-build hotel in Dubai

DUBAI, August 22, 2007--Hong Kong-based Swiss-Belhotel International has signed a MOU with an international investment company for a new hotel in Dubai, United Arab Emirates. The deal marks the group's fourth property in the Gulf region, following on ... TravelWeekly Asia
Hotels

Fraser to manager another property in Seoul

SEOUL - Serviced residence management company Frase has signed a contract to manage its second property in Seoul. To open in the second quarter of 2006, Fraser Place Central, Seoul, will add a further 235 apartments under the brand. Fraser already ... TravelWeekly Asia

Shopping galore

They wake up early and are back in the hotel just when dusk is starting to fall. They are tired and just about ready to hit the sack. But they eagerly anticipate the dawning of a new day for yet another repeat of doing what they had just done. The ... TravelWeekly Asia

Saudi Prince forms billion dollar hotel group

2 May 2002 RIYADH - Billionaire Saudi businessman Prince Al-Walid bin Talal bin Abdul Aziz has announced the establishment of a one-billion-dollar group to invest in hotels in the Middle East, Agence France Presse has reported. Prince Walid, who ... TravelWeekly Asia

Ibis,Novotel lead Accor into India

When Dennis Oldfield was based in Shanghai, working for Sheraton Hotels, in the early 1990s, he felt he was at the start of a period of tremendous growth and energy that would translate into great opportunities for the hospitality industry. Some 15 ... TravelWeekly Asia
Hotels

Ascott seeks “asset right, asset light” strategy

The Ascott Group plans to expand rapidly in the region, focusing on North Asia with the Citadines brand leading. Cameron Ong, MD and CEO, The Ascott Group said this would be achieved through an “asset right, asset light” strategy. One such indication ... TravelWeekly Asia

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