Marriott completes New York Edition sale: Marriott International has completed the previously contracted sale of the New York Edition hotel for net cash proceeds of approximately US$343 million. The transaction is the last in a series of three sales of Marriott-owned Edition hotels. The combined proceeds total approximately US$816 million.
Read more at Marriott’s website
IHG launches Business Rewards: IHG launched Business Rewards, a new global business program from IHG’s Rewards Club that offers rewards on all qualified business bookings including guestrooms, meetings and all events.
Hostmark adds two properties: Hostmark Hospitality Group has assumed management for the Holiday Inn Hotel & Suites in La Crosse, Wisconsin, and the Radisson Hotel Atlanta Northwest in Marietta, Georgia.
Read more at Hostmark’s website