Luxury hoteliers lose properties in 2012
Mandarin Oriental Hotel Group pulled away from its Marrakech Resort, probably one of the most promoted un-opened luxury hotel, having been the location for the Sex and The City hugely successfull movie. The property has been taken over by Taj Hotels & Palaces and is due to open in 2013. Two other Mandarin Oriental projects postponed indefinitely, although not formally confirmed as cancelled, are: Moscow and Beijing.
Ritz Carlton Hotels & Resorts pulled out in November from the management of the Ritz-Carlton Club and Residences at Kapalua Bay (Hawaii), after several notifications to pull out as manager of the property.
It has been reported earlier this year that, with the eventual sale of Four Seasons Hotel New York, the property might no longer be managed by the Four Seasons. To date, the sale of the hotel has not materialized. Since October 2012, Four Seasons no longer manages its resort hotel in the South of France, the hotel being rebranded as Terre Blanche Hotel and Resort and operated independently. From January 1st, Four Seasons will only have one property in Tokyo, the Chinzanso one operating independetly as Hotel Chinzanso Tokyo. Announced Four Seasons Hotels, but with no updates this year, on estimated opening: Moscow, Vienna and Venice.
Jumeirah Hotels no longer operate the Essex House Hotel in New York, following the sale of the property earlier this year. The hotel is now managed by Marriott under its JW Marriott brand.
Hyatt Hotels pulled out from the management of the five star property in Dearborn US, which it operated under the Hyatt Regency brand. Hyatt no longer manages (Hyatt Regency) The Coolum Golf Resortand Spa in Queensland, Australia after major dispute with owners. As early as last week, Hyatt withdrew from the management of Hyatt Regency Curacao, in a dispute with owners who renamed the property Santa Barbara Beach & Golf Resort, installing Benchmark Hospitality International to operate the resort