The Hongkong and Shanghai Hotels, Limited (HSH), a hotel and property company listed on the Hong Kong Stock Exchange (00045), announced that its wholly-owned subsidiary, HSH Financial Services Limited, has signed a HK$1.225 billion Four Year Term Loan Facility with a group of seven international banks. The Facility, which matures in 2013, is guaranteed by HSH.

More: continued here

The industry\’s occupancy fell 10.7 percent to 66.8 percent. ADR dropped 9.0 percent to CAD$129.73. RevPAR for the week decreased 18.7 percent to finish at CAD$86.64.

More: continued here

Free Expert Advice from the Leaders in Search Marketing

More: continued here

New Hotels Represent the First Two of Seven Planned Properties with Hotel Division of AGRISAL, S.A.

More: continued here

The American Hotel & Lodging Educational Institute has announced this year\’s winners of its awards for champions of hospitality training and education. The following people were honored at the AH&LA Summer Summit during the AH&LA Stars of the Industry Awards Luncheon on Wednesday, June 24.

More: continued here

The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for May 2009, according to data compiled by STR and STR Global.

More: continued here

When close competitors cut their prices, the temptation for hotel operators is to follow with reductions of their own. While that strategy may increase occupancy, it reduces revenue per average room (RevPAR), when compared to a hotel\’s competitive group.

More: continued here

Owned by Times Square West, LLC, Four Points by Sheraton Midtown-Times Square occupies a prime location on 40th Street in the heart of the New York City\’s Broadway theater district. The newly constructed, 244-room hotel is the brand\’s third hotel to open in New York City and joins Four Points by Sheraton Manhattan SoHo Village and Four Points by Sheraton Manhattan Chelsea.

More: continued here

Aimed at limiting waste, purchasing responsibly, conserving energy and reducing the company\’s overall carbon footprint, Fairmont\’s Green IT plan includes the introduction of a workstation power down schedule, electronic waste diversion in markets where programs exist and the development of donation standards aligning with qualified and respected recycling companies and charities.

More: continued here

Marriott International, Inc. (NYSE:MAR) announced today it has been named one of the \’40 Best Companies for Diversity\’ by Black Enterprise magazine for the fifth consecutive year. The July feature article recognizes Marriott for its board of directors and employee base.

More: continued here