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Fortune Hotels, a member of ITC’s hotel group announced the opening of its maiden property in the hill town of Dalhousie, Himachal Pradesh. Primarily the first branded hotel in town, Fortune Park Dalhousie is the latest addition to the chain’s hill resorts after Mussoorie, Mashobra, Solan, Mcleodganj and Ooty; it is Fortune Hotels’ fourth alliance […]
Hotel investors spent $27.8 billion on property acquisitions and developments in the United States during 2014, according to the Hotel Transaction Almanac and the Hotel Development Almanac compiled by STR Analytics. During the year, $18.5 billion in hotels changed hands while another $9.3 billion in new hotel projects opened their doors. “Hotel real estate remains […]