Canadian Housing Market To Remain Strong, Though Builders' Profits To Weaken Again In 2008
After a 22 per cent drop in profits last year, Canada's residential construction industry can expect profitability to decline further in 2008, according to the Conference Board's Canadian Industrial Outlook: Canada's Residential Construction Industry - Winter 2008. ...more

IHG To Manage Two New Hotels In New Delhi
New-build 200-room InterContinental hotel and 264-room Holiday Inn hotel to open in residential suburb of Mayur Vihar in 2011 ...more

ST. Regis Restart & Residences, Bal Harbour Celebrates Groundbreaking with VIP Ceremony
Yesterday, a VIP groundbreaking ceremony was held for the luxurious St. Regis(R) Resort & Residences, Bal Harbour on the site of the former Sheraton Bal Harbour. It is anticipated that the nine-acre complex of three all-glass towers will be completed in 2011. ...more

A Waldorf=Astoria Hotel Will Represent Cornerstone in Sarasota, Florida's Exclusive Proscenium
Lion's Gate Development, along with Hilton Hotels Corporation's Waldorf=Astoria Collection(R), unveiled today Lion's Gate's and its investment associates' plans today to build a luxury, 225-room, Waldorf=Astoria(R) hotel as a key component of The Proscenium, a mixed-use project in downtown Sarasota, Fla. ...more

Shea Properties And R.D. Olson Development Announce Multiple Hotel Development Deal At Legacy Park In Tustin, CA
Deal brings one full-service Kimpton hotel and two major-brand select-service hotels totaling 480 rooms to Orange County's newest and largest mixed-use community ...more

ACCOR To Launch Pullman Hotels In New Zealand
Pullman to be developed in Auckland's Customs Street ...more

IHG To Open Two New Resorts In Bali Under Intercontinental And Holiday Inn Brands
Holiday Inn Resort to open in late 2008 - InterContinental Bali Sanur Beach Resort to open in late 2009 ...more

Rezidor announces a new Park Inn at Frankfurt Airport, Germany
Park Inn Frankfurt Airport is scheduled to open in early 2010 and adds 209 guest rooms to the Rezidor system. ...more

Concord Hospitality Enterprises To Break Ground On Nine Properties In Next 60 Days, On Pace To Double In Size By 2010
Has Additional Nine Hotels and More than $500 Million in 2008 Pipeline ...more

El Sokhna to become new Mövenpick Hotels & Resorts destination on the Red
Mövenpick Hotels & Resorts is pushing ahead with its expansion strategy in Egypt. At the end of 2007 two new luxury cruisers set sail on their maiden voyage on the Nile and Lake Nasser, and just recently two projects were announced in Sharm El Sheikh. Now a management agreement for a 5-star holiday resort in El Sokhna has been signed with the owning company Galalah Company for Touristic Investments S.A.E. The official opening of the Mövenpick Resort El Sokhna is already scheduled for June 2008. ...more

InterContinental Hotels & Resorts Undergoes U.S. Growth Spurt With Opening of Three New Hotels in the Western Region
InterContinental San Francisco Opens Doors and Launches Aggressive Development ...more

Shangri-La's Villingili Resort and Spa, Maldives Races Towards Fourth Quarter 2008 Opening
Shangri-La's Villingili Resort and Spa, Maldives is on schedule to open for the traditional high season in the Maldives. The 142 all-villa property will debut the fourth quarter 2008 as the first luxury resort on the Addu Atoll in southern Maldives. ...more

The Luxury Collection Announces Landmark Entry into the United Arab Emirates with the Opening of a Luxury Collection Hotel in Ras Al Khaimah
Saraya Islands to be the Destination of The Luxury Collection Resort to Offer an Exceptional Indigenous Experience in Ras Al Khaimah ...more

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