Avendra is sold
From HOTEL BUSINESS Marriott International has revealed that the owners of Avendra LLC have reached a binding agreement to sell Avendra to Aramark for $1.35 million. After redemption of management participation rights, transaction costs, and repayment of Avendra’s outstanding debt,…
IHG Expands in Latin America and Caribbean
From Meetings Today InterContinental Hotels Group is extending its footprint throughout Mexico, Latin America and the Caribbean, with 40 new hotels that will add nearly 6,000 rooms in the region over the next several years. The growth is buoyed by…
Iconic InterContinental San Juan completes US $22.25M renovation
SAN JUAN, Puerto Rico–(BUSINESS WIRE)– InterContinental(R) Hotels Group (IHG) (LON:IHG), (NYSE:IHG), (ADRs), one of the world’s leading hotel companies, today announced the completion of a US $22.25 million renovation of the iconic, Morris Lapidus-designed InterContinental San Juan, one of the…
