Park Plaza’s new London development: Hotel company Park Plaza bought a US$9.5 million (£6 million) property site in western London on Tuesday and is applying for permission to build a hotel there. This would be the group’s seventh hotel in London.
Read more at Stock Market Wire
Firmdale revenue way up: Boutique hotel operator Firmdale Holdings’ 2010 financials were released on Monday, showing US$110 million (£69.4 million) in revenue. This marks a 28% increase from the previous year.
Historic Newcastle building may become hotel: Plans are underway to revamp the large art deco co-op building in downtown Newcastle, England, into a 230-room hotel. The building is currently not in use. The sale of the building for US$19 million (£12 million) is being finalized; municipal authorities must also approve the plan before it goes ahead.
Read more at ChronicleLive.co.uk
Hilton upgrading fitness equipment: Hilton Worldwide is upgrading the fitness centers of several brands to include iPod and Internet accessible features that people can use while working out. The company said the equipment is being tested and will be installed next year.
Kempinski to manage new Russian resort: Kempinski Hotels signed an agreement in July to manage and brand the Kempinski Grand Hotel Gelendzhik in Russia along the Black Sea coast. The five-star 379-room resort is Kempinski’s third hotel in Russia.