Financial Hotels News

Financial Times* An afternoon in Andorra 49 hrs ago
A budget hotel has officially opened its doors in the UK - becoming the latest to take the low cost airline business model to the hospitality industry.

Only three Taif hotels get five star status
29 August 2010 TAIF - Only three of 24 hotels in Taif have been classified five star establishments - representing only 13 percent of the total number of hotels in the region.

Iowa, Iowa state football players get a good night’s sleep — at a cost
Hotels charged Iowa and Iowa State more than $200,000 combined in 2009 for lodging the nights before home games at a time when many others at those universities are being asked to pinch pennies.

Area Golf Notebook: Members purchasing Long Point Golf Club
The sale of the Amelia Island Plantation to Omni Hotels and Resorts last week didn't include a key component to the former Plantation empire: the Long Point Golf Club. Long Point, the first Tom Fazio design on the First Coast and a private golf club associated with the Plantation, is being purchased by the members. The membership voted recently to approve the purchase and a financial plan was ...

Choice Hotels Launches Innovative Music Initiative to Support Nonprofit Causes and Musicians
Choice Hotels International, Inc. (NYSE: CHH) is proud to announce the launch of Choice Hotels Music – an innovative new music initiative designed to give artists the rare opportunity to deliver their music to millions of consumers and retain ownership of their works while, at the same time, drive donations from Choice Hotels to leading non-profit organizations.

Will the Ibis fly?
InterGlobe’s Rahul Bhatia plans to roll out almost 200 mid-budget Ibis hotels eyeing the demand from young executives and the growing middle class. Will the move pay off? Scale holds the key to the plan.

Google, KPMG, Paul Weiss, Time Warner, Skilled Healthcare in Court News
Paul G. Allen, a Microsoft Corp. co- founder who was once the second-richest American, accused 11 companies including Google Inc. and Apple Inc. of infringing patents he holds for online-shopping technology.

Plaintiffs Lawyers Say Oil Spill Fund Unlikely to Deter Litigation
The $20 billion compensation fund for victims of the Deepwater Horizon oil spill has begun taking applications, but plaintiffs lawyers doubt it will significantly forestall litigation.