InterContinental sigs management deal with Dominican and Maldives hotels
InterContinental Hotels Group (IHG) has signed a management agreement for a Holiday Inn Express hotel and suites in the Dominican Republic. The 145-room hotel, which is currently under construction, is situated on Avenida Abraham Lincoln and marks the first Holiday Inn Express in the South American country. It is the second IHG property in the Dominican Republic's capital Santo Domingo.
Separately, IHG has signed an agreement to manage the Holiday Inn Malé in the Maldives. The hotel, which is scheduled to open in late 2008, will be the first IHG property in the area.
US private equity firm acquires Asian restaurant chain
US private equity firm Walnut Group has acquired Asian restaurant chain Stir Crazy for $25m (£13.01m). The group bought the chain from its founder Gary Leff, who is moving on after being at its helm for 11 years. The acquisition of Stir Crazy, which offers Chinese, Thai, Vietnamese and Japanese food, was overseen by Walnut Group chairman Frederic Mayerson, who is the former chairman of restaurant chain Chi Chi, which he sold in 2004.
Marriott promotes Edward Ryan
Marriott International has promoted Edward Ryan to the role of executive vice-president and general counsel. He succeeds Joseph Ryan who will retire at the end of the year. Edward Ryan was also named a senior executive officer, and will report to Marriott chairman and chief executive officer J.W. Marriott Jr.
Accor signs management deal with Marriott Busan, South Korea
Accor has signed a management agreement for the Marriott Busan hotel in South Korea. The 356-room hotel, which is located in the country's second largest city, will be re-branded Novotel Ambassador Busan. The property includes three restaurants, a lobby bar and nightclub as well as meeting and conference facilities. It will undergo a refurbishment programme scheduled for completion by the end of March 2007. Novotel Ambassador Busan is the sixth hotel in the Korean network of Accor and its local partner, the Ambassador Group of Korea.
McDonald's to cut level of trans fats
Fast-food giant McDonald's European business is set to cut the level of trans fats in its cooking oil to 2% in a bid to improve the quality of its products. The company plans to have more than 6,300 outlets across Europe using the new cooking oil by mid-2008. The first countries to start using the new oil in the coming months will be Sweden, Norway and Finland.
Raj Rana becomes Carlson's regional vice-president of operations
Carlson has appointed Raj Rana to regional vice-president of operations for Carlson Hotels Worldwide's full-service hotels in the Americas, which include Radisson Hotels & Resorts and Park Plaza Hotels & Resorts. In his new role, Rana will be responsible for approving new franchised hotels and resorts, and providing field support and operations expertise to these properties. He is responsible for Carlson hotels' full service operations in the eastern region of the US, the Bahamas and Central and South America.
By Kerstin Kühn
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