Queensgate buys four hotels of the Grange chain in London for 1,173 million

Queensgate Investments has completed the acquisition of four hotels to the Grange Hotels chain in London for an amount of 1,000 million pounds sterling (1,173 million euros), totaling 1,135 rooms. These are the luxury establishments ‘Grange St Paul’s EC4’, ‘Grange Tower Bridge E1’, ‘Grange City EC3’, and ‘Grange Holborn WC1’, located in central London, which […]

Meliá returns in August to Costa Rica with a resort

Meliá Hotels International has announced the signing of the ‘Sol Tamarindo’, a resort of 242 rooms distributed in several buildings, with which the company resumes its presence in Costa Rica from next August 1. This is the current ‘Hotel Tamarindo Diriá Beach Resort’, an iconic establishment of the Tamarindo Beach, owned by the Diriá Group, […]

Meliá will have thirteen hotels in Vietnam by 2020

Meliá Hotels International has announced the signing of a new establishment, the ‘Meliá Ninh Binh’ in Vietnam, with 160 rooms, with which it consolidates its presence in Southeast Asia, where it already has six operating hotels and another seven in the process of opening. Under this new agreement, the Mallorcan hotel company will start operating […]

Alternative accommodation already adds 20% of Booking’s income

They grow faster than traditional hotel reservations The alternative accommodation business generated $ 2.8 billion in revenue (2.459 million euros) in 2018 for Booking.com, 20% of Booking Holdings’ revenues, growing at a faster rate than traditional accommodations, according to has released the company in a press release. Booking Holdings, the parent company of Booking.com, revealed […]

Marriott gains 31% more in 2018 and hits the 1,676 million profit

After its year of greatest expansion, it expects to grow 5.5% in 2019 and raise RevPar up to 3% Marriott International closed the year 2018 with a net profit of 1,907 million dollars (1,675.9 million euros), which is 31% more compared to the profits of the previous year in its second full year after its […]