Marriott profit up in Q1: Marriott International’s first quarter 2014 net income totaled US$172 million, a 26% increase compared to first quarter 2013 net income.
Read more at Marriott’s website
Hyatt net income up in Q1: Net income attributable to Hyatt Hotels Corp. was US$56 million during the first quarter of 2014, compared to net income attributable to Hyatt of US$8 million in the first quarter of 2013.
NYC’s Plaza loses lawsuit against bike-share rack: A New York judge ruled that The Plaza cannot force the removal of a Citi Bike rack located across the street from its entrance.
CHRIS announces Deal of the Year awards finalists: The Caribbean Hotel & Resort Investment Summit announced the finalists for the Development of the Year and Single Asset Transaction of the Year Awards at the conference.
See the finalists on the CHRIS website
Outrigger to revitalize Hawaii hotel: Outrigger Enterprises Group will invest US$100 million to revitalize the 639-room Outrigger Reef on the Beach, located in Honolulu, which will include the addition of 200 guestrooms.