Hilton Worldwide reports Q2 results: Hilton Worldwide Holdings Inc. reported its second-quarter 2015 results and raised its outlook for full year 2015. Earnings per share, adjusted for special items, for the second quarter was US$0.25, a 19% increase from the same period in 2014.
TFE launches new brand: TFE Hotels announced the launch of the TFE Hotels Collection, a new brand owned and operated by the hotel group. Hotel Kurrajong Canberra marks the first hotel in the TFE Hotels Collection, a building first opened in 1926 and re-opened by TFE Hotels in December 2014.
Choice reports Q2 results: Choice Hotels International reported earnings for the second quarter 2015. Revenues for the three months ended June 30 totaled US$232.2 million, an increase of 17% from the same period of 2014.
HVMG expands in Alabama: Hospitality Ventures Management Group (HVMG) has been selected by Wharf Entertainment Properties to serve as the lead developer and operator of the planned 132-room SpringHill Suites that broke ground in June at The Wharf in Orange Beach, Alabama.
Vail to combine Utah ski resorts: Vail Resorts plans to combine Canyons Resort and Park City Mountain Resort under one name and logo.
Read more at the Daily Journal
HRI plans Westin in Texas: HRI Properties is planning a US$52 million Westin-branded hotel directly across University Drive from the Modern Art Museum in Fort Worth, Texas.
Read more at the Star-Telegram
Seattle hotel sold to RLJ: Legacy Hospitality sold the 170-room Homewood Suites by Hilton, Seattle/Lynnwood to RLJ Lodging Trust for US$37.9 million, or approximately $223,000 per key.
GBTA forecasts big jump in China business travel: Despite recent economic turbulence, China business travel will increase 61% over the next five years, from US$261 billion in 2014 to US$420 billion in 2019. That increase is greater than the increases in business travel growth in the next eight largest countries combined.
CSM to reopen Phoenix landmark as hotel: The long-vacant Professional Building in downtown Phoenix, Arizona, which was built in the early 1930s, will reopen late this year as the Hilton Garden Inn Phoenix Downtown. Minneapolis-based CSM Corp. purchased the property in December 2013 and began renovation efforts in earnest at the beginning of this year. CSM expects to complete the restoration in the fall with plans to open the hotel to the public in December.