Best Holiday Lettings

Tag: chief executive officer

  • Days Inn set to make Saudi debut

    Wyndham Hotel Group is planning to open the primary Days Inn hotel in Saudi Arabia, the 56-room Days Hotel Olaya in Riyadh. The hotel is the 1st of 10 Days Inn hotels planned inside the country as section of an exclusive development agreement announced late last year with Riyada International Hotels and Resorts.

    “We are extremely excited to introduce the enduring Days Inn brand to Saudi Arabia,” said Eric Danziger, Wyndham Hotel Group president and chief executive officer. 

    “Designed to cater to the growing demand for reasonable but prime quality accommodation within the Kingdom, we see the introduction of Days Inn because the natural next step, having successfully established our midscale Ramada brand with Riyada International Hotels and Resorts during the last eight years.” Eric added.

    Nestled in downtown Riyadh, between the long-lasting Faisaliah and Kingdom Towers, the hotel is spread across six floors and lines standard rooms and suites, in addition to meeting facilities and a cafe.

    “The opening of our first Days Inn hotel in Saudi Arabia further strengthens the long-standing partnership between Riyada and Wyndham Hotel Group,” said Muhammad Al-Amir, founder and managing director of Riyada International Hotels and Resorts and master franchisee for Ramada® hotels within the Kingdom.  “Both companies are well positioned to expand the emblem around the country over the approaching years, to the advantage of both business and leisure travellers.”

    Days Inn is likely one of the largest Wyndham Hotel Group brands, with over 1,820 hotels and 147,000 rooms worldwide. Existing Days Inn hotels within the Middle East include two hotels in Jordan and one in Bahrain.
     
    “We are fully committed to growing our presence inside the Gulf, and the chance within Saudi Arabia principally is considerable,” Danziger added. 

    “Through the established presence of Ramada, the introduction of Days Inn and the planned launch of both Super 8® and our namesake upscale Wyndham® Hotels and Resorts brand, we’ll soon have the range available in the market to supply an answer to virtually all sorts of traveller.”

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  • News: Denis Hennequin removed as Accor’s chairman and CEO

    Accor’s Board of Directors met today on the request of its Chairman, Denis Hennequin, with all Directors in attendance.

    During this meeting, the entire Directors came to the joint conclusion concerning the Group’s situation: that the tactic adopted is the best one and that it’ll remain unchanged. However, given current economic conditions and the rapid transformation of its competitive environment, Accor must accelerate the implementation of this strategy with a purpose to reinforce its positions. The Board therefore requested that the pinnacle priority receive to focusing energy and resources on transforming Accor’s business model. The Board took note of Denis Hennequin’s reservations and unanimously voted to terminate his mandate with immediate effect from April 23, 2013.

    The Board paid tribute to the measures initiated by Denis Hennequin over greater than two years to refocus Accor’s business, expand the crowd internationally and reinforce its brands. These results will allow the gang to commence a brand new stage of its development with confidence.

    The Board decided to put in a transition executive team: Philippe Citerne, previously ViceChairman of Accor’s Board, is appointed Non-Executive Chairman of Accor, and Sébastien Bazin becomes Vice-Chairman of the Board. Yann Caillère, previously President and Chief Operating Off icer is appointed as Chief Executive Officer.

    Lastly, the AGM held this Thursday April 25, was chaired by Philippe Citerne.

    Philippe Citerne, Non-Executive Chairman of Accor’s Board of Directors declared: “On behalf of the Board, i need to pay tribute to Denis Hennequin’s new and inventive perspective at the hospitality business and for the standard of our exchanges during his mandate as Chairman and CEO, and in addition on the time of his departure. i’m confident at some point development of the crowd.”

    Denis Hennequin declared: “I am particularly pleased with the work achieved by our team s, franchisees and partners under my guidance. Together, we’ve got successfully expanded Accor enabling record growth during the last two years and making a new, dynamic brand-based approach. i’m confident that everybody will continue to uphold the values that drive the group’s success: a spirit of con quest, imagination, performance, trust and respect.”

    Accor, the world’s leading hotel operator and market leader in Europe, is found in 92 countries with greater than 3,500 hotels and 450,000 rooms. Accor’s broad portfolio of hotel brands – Sofitel, Pullman, MGallery, Grand Mercure, Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles, ibis budget and hotelF1 – provide an in depth offer from luxury to budget. With greater than 160,000 employees in Accor brand hotels worldwide, the crowd offers its clients and partners 45 years of know-how and expertise.

  • News: Grand Hyatt Hotel announced for Changsha China

    Hyatt Hotels Corporation announced that a Hyatt affiliate has entered right into a management agreement with an affiliate of Huayuan Property Co., Ltd for a Grand Hyatt hotel in Changsha, Hunan Province in central China.

    “Changsha has established itself as a chief hub for global business and entertainment, and we’re honored to be able to bring the Grand Hyatt brand to one of these great city,” said Mark Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation on the agreement signing in Changsha earlier today. “Throughout our 40 years in China, now we have showed thousands of guests how our associates can meet and exceed their needs, and we glance forward to bringing Hyatt’s signature authentic hospitality to one of these dynamic and historic city.”

    Grand Hyatt Changsha can be centrally located within the most prestigious commercial and business areas along the Xiangjiang River in downtown Changsha. The hotel may be portion of “The Central,” a mega mixed use complex with a view to incorporate high-end residential buildings, office spaces, and comfort shopping facilities. Situated at the upper floors of an iconic 268-meter-high skyscraper, Grand Hyatt Changsha will enjoy unobstructed views over town and the river, and is anticipated to become the brand new landmark of Changsha. The 324-room hotel will feature an array of restaurants and bars, multi-purpose meeting and banquet facilities, a gymnasium, a pool and a spa, and is predicted to create over 500 new jobs.

    “We are more than happy to work with Hyatt on such a thrilling and important project. We glance forward to our collaboration with Hyatt in further developing the high-end hotel market in Changsha,” said Ren Zhiqiang, Chairman of Huayuan Property Co., Ltd.

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  • News: Hertz partners with China Auto Rental

    The Hertz Corporation and China Auto Rental (CAR) announced today that Hertz, the worldwide car rental leader, has agreed to speculate in CAR, China’s domestic market leader in brief and long-term car rentals. Hertz will acquire a stake of approximately 20%, on a fully diluted basis, in CAR and hold a seat on CAR’s Board of Directors.  Hertz and CAR will be co-branded at the latter’s full service rental locations countrywide, and Hertz’s car rental locations and operations in China, which will provide premium rental services in key cities, will be contributed to CAR. Hertz will continue to manage its outbound sales team in China, and its equipment rental business in the country is unaffected by this announcement.

    The partnership fulfills Hertz’s objective to significantly increase its presence in the rapidly expanding car rental market in China.  Additionally, Hertz and CAR will be exclusive car rental partners for inbound and outbound business, offering international corporate and leisure travelers unparalleled short and long time rental services.  In 2012, China’s international travel expenditures exceeded $100 billion, #1 worldwide, and its domestic rental business is expected to grow more than 15% annually through 2016.

    “As the leading global car rental brand, it’s a perfect fit for Hertz to partner with the largest and most recognized car rental company in China. China Auto Rental has the largest domestic rental footprint, with 700 locations in 66 cities, and a 50,000-vehicle fleet which is more than four times the size of its nearest competitor. Also, CAR is growing rapidly, having doubled its revenues in 2012 to $250 million, 2.5 times larger than any other domestic company,” commented Mark P. Frissora, Chairman and Chief Executive Officer of The Hertz Corporation.

    “CAR’s 200% annual growth rate from 2009-2012 is 6 times higher than the market over the same period, and their 50%+ annual forecasted growth rate through 2016 is more than 3 times higher than the overall market projection.  As a result, Hertz is now uniquely positioned among American and European car rental brands to support the rapidly expanding Chinese rental market, as well as CAR’s growth. Not only will CAR and Hertz be able to fulfill business and leisure rentals throughout the country, we will also provide the best rental solutions for international travelers to and from China, two markets with strong growth projections,” added Frissora.

    Under the agreement, which is subject to normal closing conditions, CAR would be granted a license for an initial 5 year term to operate on behalf of Hertz in China. CAR will develop a network of full-service Hertz premium locations in key cities to complement CAR’s expanding location footprint. Taken together, the Hertz/CAR services will encompass self-drive and chauffeur-driven rentals, as well as short, medium and long-term vehicle rentals and leases. Hertz will provide CAR with access to a full array of services to support their rapidly expanding market presence, services which meet Hertz’s industry-leading standards. These include access to Hertz’s operational expertise, reservation capabilities, and fleet management efficiencies.

    “Hertz has extensive industry experience, advanced technology, strong brand influence and abundant customer resources. We are very pleased to enter into a comprehensive and in-depth strategic cooperation with Hertz. I believe this alliance will further intensify CAR’s shareholder strength and reinforce CAR’s leading position in China’s car rental industry.  It will to a great extent enhance CAR’s scale, branding, as well as products and services, with a purpose to bring customers at home and abroad a car rental experience of top of the range and convenience,” commented China Auto Rental Chairman and Chief Executive officer, Charles Lu.

  • Grand Hyatt Hotel announced for Changsha China

    Hyatt Hotels Corporation announced that a Hyatt affiliate has entered right into a management agreement with an affiliate of Huayuan Property Co., Ltd for a Grand Hyatt hotel in Changsha, Hunan Province in central China.

    “Changsha has established itself as a big hub for global business and entertainment, and we’re honored to give you the option to bring the Grand Hyatt brand to any such great city,” said Mark Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation on the agreement signing in Changsha earlier today. “Throughout our 40 years in China, we have now showed thousands of guests how our associates can meet and exceed their needs, and we glance forward to bringing Hyatt’s signature authentic hospitality to this sort of dynamic and historic city.”

    Grand Hyatt Changsha could be centrally located inside the most prestigious commercial and business areas along the Xiangjiang River in downtown Changsha. The hotel could be a part of “The Central,” a mega mixed use complex a good way to incorporate high-end residential buildings, office spaces, and comfort shopping facilities. Situated at the upper floors of an iconic 268-meter-high skyscraper, Grand Hyatt Changsha will enjoy unobstructed views over the town and the river, and is predicted to become the hot landmark of Changsha. The 324-room hotel will feature an array of restaurants and bars, multi-purpose meeting and banquet facilities, a gymnasium, a pool and a spa, and is predicted to create over 500 new jobs.

    “We are very happy to work with Hyatt on such an exhilarating and demanding project. We glance forward to our collaboration with Hyatt in further developing the high-end hotel market in Changsha,” said Ren Zhiqiang, Chairman of Huayuan Property Co., Ltd.

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