Breaking Travel News

Renaissance Hotels & Resorts News

New Renaissance Hotel Opens in Bangkok

New Renaissance Hotel Opens in Bangkok

12 February 2010 Press Release Hotel News

The 333-room Renaissance Bangkok Ratchaprasong Hotel has opened under a management agreement with Maneeya Realty Company, Limited. The hotel is the second Renaissance Hotels property in Thailand, with a third property set to open in Phuket later this summer. Stefan Gruber is general manager, while Julie Codus is director of sales and marketing.

Strategic Hotels & Resorts Signs Agreement to Sell the Renaissance Paris Hotel Le Parc Trocadero

Strategic Hotels & Resorts Signs Agreement to Sell the Renaissance Paris Hotel Le Parc Trocadero

17 December 2009 Press Release Hotel News

Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that the company has signed a purchase and sale agreement for the sale of the Renaissance Paris Hotel Le Parc Trocadero to an investment group led by an affiliate of Westmont Hospitality for a gross price of euro 35.5 million ($51.5 million), or approximately euro 305,000 per room. The sale, subject to certain closing contingencies, is scheduled to close within 45 days. The 116-room property was forecasted to contribute approximately euro 2.1 million in EBITDA for the full year 2009, representing a sales multiple of 16.6 times and a capitalization rate of 4.8% on NOI. The company also remains entitled to receive approximately euro 1.4 million in the first quarter of 2010 related to the 2009 performance guarantee with Marriott International.

Curacao’s first chain hotel in 15 years opens

10 February 2009 Press Release Hotel News

The Renaissance Curacao Resort & Casino has officially opened, making it the first chain hotel to open on the Caribbean island for 15 years.The 237-room property is located on Willemstad’s historic waterfront and connected to the legendary Rif Fort, a 19th century landmark and UNESCO World Heritage site.

Ross Bridge Resort Opens in Birmingham

22 August 2005 Press Release Hotel News

Renaissance Hotels & Resorts todayannounced the opening of the Renaissance Ross Bridge Golf Resort & Spa.  Theresort is the first Renaissance resort in Alabama and is situated at 4000Grand Avenue, nestled along the Robert Trent Jones Golf Trail in Birmingham.The 259-room upscale resort is owned and operated by PCH Hotels and Resorts,the hotel management division affiliated with the Retirement Systems ofAlabama (RSA).

Exclusive Beverly Prescott Hotel Converted To A Renaissance

22 July 1998 Press Release Hotel News

Renaissance Hotels and Resorts announced it has converted The Beverly Prescott Hotel in Beverly Hills, California to a Renaissance Hotel and will manage the 138-room property as the newly named Renaissance Beverly Hills Hotel. The property is owned by Strategic Hotel Capital Incorporated, which is based in Chicago.