Hyatt reports 3Q earnings: Hyatt Hotels Corp. said net income was US$32 million, or US$0.21 per share, during the third quarter of 2014 compared to net income of US$55 million, or US$0.35 per share, in the third quarter of 2013.
Marriott reports 3Q earnings: Marriott International said net income for third quarter 2014 totaled US$192 million, a 20% increase over net income for third quarter 2013.
Read more at Marriott’s website
Generator plans Amsterdam property: The new Generator hostel, set to open next year, will be located in the University of Amsterdam’s former health sciences and zoological department and will accommodate up to 566 guests in 168 twin and quadruple rooms with park or garden views and en-suite bathrooms.
Carey Watermark adds North Carolina resort: Carey Watermark Investors announced it has acquired the 106-room Sanderling Resort in Duck, North Carolina, for US$38 million.
Courtyard to expand in Scotland: Marriott International announced plans to open a second Courtyard branded hotel in Scotland in early 2016, the 240-room Courtyard by Marriott Edinburgh Hotel.
Alibaba launches Alitrip: Beijing-based Alibaba Group announced its online travel business, Taobao Travel, will become an independent business and brand named Alitrip with a new independent web domain, alitrip.com. Alitrip currently has more than 10,000 merchants on its platform providing airplane tickets, vacation packages, hotel booking services, visa application services and tour guide services.
Mandarin Oriental adds Bangkok property: Mandarin Oriental Hotel Group announced an agreement to brand and manage 146 Residences at Mandarin Oriental that will be developed as part of a mixed-use project located on the Chao Phraya River. Situated diagonally across the river from Mandarin Oriental, Bangkok, The Residences will be managed by the hotel.
Read more at Mandarin Oriental’s website
FibraHotel to acquire five hotels: FibraHotel announced an agreement with Grupo Plan and Grupo Favier to acquire five hotels with international brands to be developed over the next 24 months and to be delivered turn-key to FibraHotel at a fixed price. The hotels will have between 140 and 170 rooms and will be located across five cities in Mexico. Details of the projects will be announced individually once the land or projects have been deeded to FibraHotel.