NH Hoteles is fortifying its liquidity in a $57M operation in Mexico that involves the following agreements: The sale of three company-owned hotels that are currently operated under franchise agreements as Hilton-brand hotels. The cancelation of the management contracts for the Krystal vacation hotels operated by the company in Cancún, Puerto Vallarta and Ixtapa and the sale of the Krystal brand....

NH Hoteles and Hesperia have closed the agreement for the integration of their respective hotel management businesses. Through this deal, NH Hoteles will manage 51 hotels that are currently owned or operated by Hesperia and the multinational hotel chain will increase its total number of operating hotels to 400 and its number of rooms to over 60,000.

NH Hoteles and Hesperia have signed an agreement aiming to integrate their respective hotel management businesses. This deal, supported by both of the Boards, implies the creation of the largest Spanish hotel group within the urban segment.

NH Hoteles has reacted to this adverse situation with a significant efficiency and cost reduction plan, thereby achieving a decrease in expenses of €74M | NH Hoteles strengthens its liquidity and ends with a successful capital increase of €221M | Additionally, the Group props up its financial situation due to the fact that the bank syndicate postpones the measuring of financial debt ratios, agre...

On May 12, the Board of Directors of NH Hoteles approved the proposal to be put to the coming Annual General Meeting (16 June 2009) for a capital increase consisting of an issue of 98,646,972 new shares. The aim of NH Hoteles in this operation is to strengthen its Balance Sheet to adapt to the current adverse situation.

In the first six months of 2008, the Group's sales rose by 7.5%, to €771M, confirming the improvement in performance compared to the same period of the previous year. EBITDA (operating profit) was €146.1M, 2.7% higher, and net income fell to €32.4M, because of the reversible provision (€12.3M) set up to cover the change in the price of the shares used to cover the incentives plan approved by the ...

NH Hoteles and Philips have announced that they will conduct an intensive two-year study into the optimization of well-being amongst hotel guests. To support the research, NH Hoteles and Philips have teamed up as a first step to create a unique room at NH Hoteles’ flagship Barbizon Palace hotel in Amsterdam featuring the latest in ambient solutions. Researchers will collect consumer insights into...

An 11% increase in hotel sales in the first quarter shows that the fundamental business of NH Hoteles is strong. The Group's revenues (hotel, real estate and Non-recurrent business) totalled €324.4M, 2% more than in the first quarter of last year. This slower growth in total revenues is explained by the fact that there were no Non-recurrent revenues compared to the same period last year.

Life at a hotel is dynamic and ever-changing. For the people who stay at the hotel, it is just a moment in their daily life, or a pleasant, restful experience during their free time.

MADRID | A Madrid hotel combined its need to refurbish its rooms and stressed-out city residents' need for an outlet, letting them take sledgehammers to their rooms. For Pablo Varela, a 30-year-old teacher who deals with "difficult pupils," it was just the ticket. "I'm exhausted, but very relaxed. I've never done anything like this before," he said Tuesday after producing an avalanche of plaster...