News in brief: Accor, Starwood, Arden
Accor reports revenue down in H1, Q2: Accor’s reported revenue for Q2 decreased 0.5% to €1.4 billion (US$1.9 billion) while reported revenue for H1 decreased 0.9% to €2.6 billion (US$3.5 billion). Like-for-like, Q2 revenue was up 3.3% and H1 revenue was up 1.8%.
Click here to download the quarterly earnings PDF from Accor
Starwood profits up in Q2, H1: Starwood Hotel & Resorts Worldwide’s net income was US$137 million in the second quarter of 2013, compared to US$122 million during the same period in 2012. In the first half of 2013, net income was US$350 million compared to US$250 million during the same period in 2012.
Click here to download the quarterly earnings PDF from Starwood
Arden expands in Texas: Arden Group has purchased a stake in the 258-room Le Méridien Dallas by the Galleria from HEI Hotels & Resorts.
Fibra Inn buys 2 hotels in Mexico: Fibra Inn bought the 155-room Hotel Camino Real Guanajuato in Bajío for 230 million pesos (US$18 million) and the 150-room Hotel Holiday Inn Puebla La Noria for 193.6 million pesos (US$15.2 million).
Read more about the Hotel Camino purchase at Yahoo Finance
Read more about the Hotel Holiday Inn Purchase at Market Watch
Starwood rebrands Sheraton in California: Starwood Hotels & Resorts Worldwide will rebrand the Sheraton Delfina Santa Monica to Le Méridien Delfina Santa Monica. After renovations, Le Méridien will debut this fall. Viceroy Hotel Group will manage the 310-room hotel, owned by Pebblebrook Hotel Trust.
Miami Beach hotel closes: After failing city safety inspections, the National Hotel, located in Miami Beach, has shut down. General manager Jacques Roy said the 154-room hotel could reopen as early as next week.
Jin Jiang expands in China: Shanghai Jin Jiang International Hotel Group Co. announced a franchise agreement to open Liangdu Jin Jiang Hotspring International Hotel. Liangdu Hotel Management will manage the 301-room hotel, set to open in late May 2014.
Read more at World News Report
Jim Abrahamson named US Travel National Chair: Interstate Hotel’s CEO Jim Abrahamson has been named the national chair of the U.S. Travel Association. Abrahamson will serve in this role through December 2014.
Read more at Travel Agent Central