Directors of hotel group oust North
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Richard North, chief executive of InterContinental Hotels Group, has been ousted from his post after a boardroom coup by non-executive directors.
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LONDON/NEW YORK  - InterContinental Hotels Group  Plc IHG.L said on Friday it was selling 13 hotels to  Hospitality Properties Trust HPT.N for $450 million, as part  of its strategy to sell hotels it owns and focus on franchising  and managing instead.
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Gloucestershire-based travel company, Travelscope Holidays, is placed into administration.
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InterContinental Hotels Group Plc (IHG.L: Quote, Profile, Research) said on Friday it was selling 13 hotels to Hospitality Properties Trust (HPT.
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By The News & Observer, Raleigh, N.C.  Dec. 9--What's muddying the waters at North Carolina's Clean Water Management Trust Fund? The state-funded conservation organization recently lost its executive director, and then its board chairman stepped down.
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By Tom Daykin, Milwaukee Journal Sentinel  Sep. 16--Faced with two competing downtown hotel development proposals, a committee of Milwaukee County supervisors essentially threw up their hands Friday and opted not to choose either plan.
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Business & money: Tony Douglas, who recently labelled the state of the airport 'unacceptable', to be replaced by Mark Bullock.
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Negotiators for 14 D.C. hotels and the hotel employees union, meeting yesterday after a six-day impasse, reported little headway in resolving substantive issues but said there were enough hints of progress to warrant continued talks.
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Half of the sales staff at the Bayside Expo &amp; Executive Conference Center, a private meeting hall on the Dorchester waterfront, got pink slips last week, leaving the center with just two employees in charge of generating business.
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The Department of Local Government and the Environment said last week it would not ask Tynwald to endorse its plan to create area authorities for the north, south, east and west to run alongside Douglas.
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A group of investors, including Goldman Sachs Capital Partners, is taking a minority stake in the hotel company for $1 billion.
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The chairman's rent calls into question his ability to build a great company.
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Royal Group Technologies Ltd. fired Chairman Vic De Zen and Chief Executive Douglas Dunsmuir, targets of a police probe, after finding they failed to disclose their interest in a parcel of land sold to the company in 1998.
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By RICK ORLOV\\ Staff Writer  The second major firm backing a Los Angeles Convention Center hotel withdrew Friday, leaving only Anschutz Entertainment Group to develop two luxury hotels and condominiums touted as key to the $2.5 billion l.a. live complex.
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Shares in the pub and bottle shop owner Australian Leisure &amp; Hospitality Group slipped yesterday after Coles Myer chief executive John Fletcher gave his strongest indication yet that the retailer&#39;s
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The recovery in business travel has a dark side for corporations returning to the road: Higher prices for hotel rooms.
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Business & money: Â· Outdoor leisure group chairman attacks 'bullying' Â· Sports Direct chief wants his own management