Hotel Investment Reaches Nearly $22 Billion in 2013

Lodging Econometrics (LE) reports that the hotel industry reached an investment of $21.8 billion in 2013, the highest level since 2009. Last year, 1,171 hotels were sold or transferred, a decrease of 19 percent year-over-year. Average selling price per room was...
Melia Plans Three Hotels in Morocco

Melia Plans Three Hotels in Morocco

Meliá Hotels International has signed an agreement to manage three new hotels in the Saidia Med region of Morocco. The properties include: A 396-room beach hotel featuring a spa, four restaurants, three bars, convention center, and beach club, slated to open in...

Sweetgreen Salad Shop Heads to Brooklyn

Farm-to-table salad shop Sweetgreen will open its third New York City location this summer in Brooklyn’s Williamsburg neighborhood. Designed by Leong Leong, the restaurant will feature green elements such as furniture made from reclaimed materials and LED light...

Gloster, Dedon Form New Outdoor Furniture Company

Outdoor furniture manufacturers Gloster and Dedon have teamed up to form a new company called DK Furniture Brands. Design, sales, and management structures will remain unchanged within the new partnership, which is headquartered in Zurich. Founded in 1990 by Bobby...