Absolute to expand in Thailand: Absolute Hotel Services will open the 42-room U Pattaya in early 2015. The property will be located between Jomtien and Bang Saray and have beachfront access.
Kew Green buys hotel in England: Key Green Hotels bought the 110-room Holiday Inn Bromsgrove out of administration for £3.95 million (US$6.6 million).
Read more at Property Magazine International
Angola sovereign wealth fund to invest in hotels: The US$5 billion Fundo Soberano de Angola is starting to invest in hotels in sub-Saharan Africa.
Preferred’s reservations revenue up in Q1: Preferred Hotel Group reported a 19% increase in reservations revenue for its member hotels compared to the same time period in 2013.
Read more at Preferred’s website
Morgans files investor presentation: Morgans Hotel Group filed an investor presentation as part of its proxy battle with Kerrisdale Capital Management.