Worldwide briefing
Sol Melia profits up
Spanish hotel management company Sol Meli has reported profits after taxes of Pts2.291b (£9.48m) for the first six months of the year, an increase of 22.3% on the same period last year.
Accor business
French group Accor saw income from its hotels grow 14.6% to Ffr13.236b (£1.39b) in the first six months of the year. The leap was the result of new openings and acquisitions.
Dateline vegas
The Four Seasons hotel in Las Vegas is to open at the beginning of 1999. It will have 424 bedrooms and will form part of the Mandalay Bay Resort and Casino, a 60-acre resort and entertainment complex.
Ritz-carlton sold
Real estate investment bankers Sonnenblick-Goldman Company, financial advisors to Fairtel Associates, has arranged the $65m (£38.6m) sale of the Ritz-Carlton Dearborn, near Detroit, to Host Marriott Corporation.
Choice selection
Choice Hotels International has appointed Charles Ledsinger Jnr as president and chief executive officer. With almost 20 years' experience in the hotel industry he will also serve on the company's board of directors.
Indonesian expansion
Sol Meli has launched a second property on Bintan, Indonesia. The 56-chalet Sol Mayang Sari is its second hotel on the island, alongside the Sol Elite Bintan which opened at the beginning of the year.
