Hospitality Pulse: Hotel and Resort Industry News for Nov. 5, 2015
View the latest industry news and notes for Thursday, Nov. 5.
Strategic Hotels & Resorts revealed its third quarter 2015 financial results Thursday, reporting total consolidated revenues of $354.4 million, signaling an impressive 16.1 percent increase over the same period last year...Read more from Strategic Hotels & Resorts.
Morgans Hotel Group also recently announced financial performance figures for 2015's third quarter, revealing adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $10 million, up 3.5 percent from the same period in 2014...Read more from Morgans Hotel Group.
Amid Morgans Hotel Group's quarterly update, merger talks between the company and the SBE Entertainment Group fell through despite months of negotiations. Sources close to the situation said the two sides were unable to come together on terms...Read more from the Wall Street Journal.
The Fort Lauderdale City Commission has approved a new 10-story, 175-room AC Hotel by Marriott to be built on the beach along Alhambra Street. The new property will replace a trio of 1930s-era hotels...Read more from the Sun Sentinel.
Starwood Hotels & Resorts announced Thursday that its ultra-luxury brand St. Regis has officially debuted in South Asia. The St. Regis Mumbai is located in India's tallest hotel tower and boasts 395 guestrooms, including more than two dozen suites and more than three dozen residential suites for extended stay guests...Read more from Starwood Hotels & Resorts.
Have you ever wanted to live like a celebrity? Well, now you can, at least temporarily. From Harry Houdini's former Hollywood Hills residence to Merv Griffin's 39-acre abode in La Quinta, California, these celebrity digs are available to rent...Read more from Mashable.
Sheraton has debuted its first two Showtime series-themed city guides for Brooklyn and Washington, D.C. The guides are inspired by Showtime's "The Affair" and "Homeland," respectively. The brand will roll out additional themed city guides in the coming months, including a "Shameless" inspired Chicago guide and a Boston guide heavily influenced by "Ray Donovan."...Read more from Conde Nast.
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