Edinburgh to get new luxury hotel: Peveril Securities has bought an office building in Edinburgh’s St Andrew Square for £20 million (US$31 million) and it plans to invest £120 million (US$190 million) to renovate into a luxury hotel.
Park Plaza renamed PPHE: Park Plaza Hotels has changed its company name to PPHE Hotel Group. Its brands will retain their names.
Sahid gets loan for renovation: Sahid Hotels on Thursday was granted loans worth 180 billion Indonesian rupees (US$19.8 million) that it will use to renovate its hotel chain.
New mgmt for Monmouth: New Orleans Hotel Consultants have taken over management of the Monmouth Plantation, located in Natchez, Mississippi, as foreclosure proceedings have been initiated against the property.
Read more at The Natchez Democrat
Hyatt Regency Coolum placed in admin: The Hyatt Regency Coolum, the center of a dispute between manager Hyatt Hotels Corp. and owner Clive Palmer, has been put into voluntary administration.
Read more at Hotel & Accommodation Management