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Prestigious School of Hotel Administration to join Cornell University’s College of Business

​Cornell University's prestigious School of Hotel Administration (SHA) will become a part of the new College of business in Fall 2016. SHA will join the Charles H. Dyson School of Applied Economics Management (AEM) and the Samuel Curtis Johnson Graduate School of Management in the new College of Business. SHA will maintain its own identity but the ...
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Carlson Hotel Group Acquired by Chinese Conglomerate

​The end of April 2016, marked the end to more than 80 years of Carlson Hotel Group being a family owned hospitality company. Chinese conglomerate HNA Tourism Group acquired Carlson for an unreleased price, which includes at least a portion of Carlson's 51.3% stake in Rezidor Hotel Group. It is still unknown how much of Rezidor HNA will actually ac...
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Greek Hoteliers put assets up for sale

​After Greece's 2015 economic crisis, many hoteliers are putting their valuable assets on the market well below previous market value. In January 2016, 5% of hotel owners put assets on the market. The total cost of these assets is well over €1.7 billion. Some of the hotels are being sold for as low as €250,000 which is less than a two-bedroom house...
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