March 6, 2021

Avendra is sold

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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, Avendra’s founding shareholders—Marriott, Hyatt, Accor, ClubCorp and IHG—expect to receive approximately $1.18 million in cash […]

IHG Expands in Latin America and Caribbean

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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 strong relationships with existing owners, as well as new entities entering the hotel-ownership arena. In […]

Iconic InterContinental San Juan completes US $22.25M renovation

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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 Caribbean’s most recognized properties. IHG is one of Puerto Rico’s pioneering international hotel companies and […]