La Perla International Living, creator of exceptional international living concepts, has purchased Jolly Harbor, the premier marina, golf and beach resort on the island of Antigua, and one of the largest in the whole Caribbean.
This is only the most recent of a series of acquisitions over the past couple of years that is making La Perla one of the leading real-estate groups on the island.
The new Budapest four-star hotel will cost €20 million to build, the Gyor hotel will cost EUR 6m and the Budapest three-star hotel €7 million. There are also plans to open another Ibis hotel in Budapest, at a cost of €10 million.
The Hungarian subsidiary projects sales revenue of €70 million this year, almost level with last year´s figure.
Intercontinental Hotels Group (IHG), the world´s largest hotel group by number of rooms, announced the opening of the much anticipated Crowne Plaza Asuncion in Paraguay´s capital.
Under a franchise agreement with Karmar, S.A., IHG now has a hotel in new territory, adding to its portfolio of global destinations.
The Marriott International hotel portfolio in Cancun will grow with the opening of the 200-room Courtyard by Marriott Cancun International Airport in 2007 under a franchise agreement with Hostal del Sol, S.A. de C. V.
When opened, the hotel will be the fifth Courtyard in Mexico and first of its brand in the popular Caribbean resort destination.
Golden Tulip Hotels, Inns & Resorts announced the signing of a new franchise agreements for the 139-room Golden Tulip Fontane Neuruppin.
The Golden Tulip Fontane Neuruppin is located in the heart of Neuruppin, Germany, and offers its business and leisure guests 139 (including 12 suites) fully equipped bedrooms with a spectacular view on the Ruppin Lake.
Accor announced a major expansion of its Indonesian hotel network with five new hotels, strengthening its position as the leading international hotel management in the country.
Three Novotel and two Mercure hotels are being added, including the pioneering launch of the first Accor Premiere Vacation Club (APVC) property in Indonesia, on the resort island of Bali.