Starwood increases dividend: The board of directors of Starwood Hotels & Resorts Worldwide Inc. declared that the company’s annual cash dividend would be 67% higher than the prior year.
Red Planet pipeline up: Red Planet Hotels has announced it now has 3,000 rooms under construction for the Tune Hotels brand.
Athens hotels for sale: Kathimerini reported on Thursday that 12 hotels in Athens are currently for sale.
Starwood sells timeshare loans: Starwood Hotels & Resorts Worldwide Inc. completed a securitization involving the issuance of US$200 million of fixed rate notes. All proceeds will be used for general corporate purposes.
Fairmont partners with Le Labo: Fairmont Hotels & Resorts has partnered with Le Labo for its in-room toiletries.