A Pre-Christmas Parisian Sale

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hvs.com
12/11/2010

Starwood Capital has sold the Hôtel de Crillon, in Paris, France, to a group of Saudi Arabian investors, rumoured to be linked to the Saudi royal family, for approximately €250 million.

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Soon-to-open Dubai Ritz-Carlton sells for US$300m

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8/11/2010
hotelsmag.com
 
 
DUBAI Union Properties PJSC has sold The Ritz-Carlton, Dubai International Financial Centre, for 1.1 billion dirhams (US$300 million) to an unidentified buyer.

The 465-key Gensler-designed hotel, located within Dubai’s Gate Boulevard District, stands 14 stories tall and includes sunken gardens, a spa, restaurants, bars, retail shops and  2,000 sq. m of event space. The hotel, scheduled to open in December, is the second Ritz-Carlton property in Dubai.

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11 Sol Meliá properties join Preferred Hotel Group

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12/11/2010
hotelmag.com
 

Sol Meliá Hotels & Resorts has added 11 hotels to sales and marketing consortium Preferred Hotel Group.            

The affiliation reinforces the company’s strategic positioning in international and “especially in Anglo-Saxon markets,” the company says. 

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Sol Meliá revenue up 8% through first 9 months of 2010

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12/11/2010
hotelsmag.com
 

Sol Meliá SA’s results for the first nine months of 2010 show a profit of €71.7 million compared to €47.5 million in the same period in 2009, an improvement of 51%. Revenue is up 8% to €976.7 million, while EBITDA grew by 16.5 % to €216 .1 million.

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EIBTM CEO Summit 2010

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10/11/2010 
The Global Economy, The Power of Live Events, The Impact of Social Media

Top line-up of speakers

For the first time, this year’s EIBTM (www.eibtm.com) CEO Summit will deliver three powerful presentations to the global group of CEO members who represent every part of the meetings and events industry. 

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