The newest addition to the Innside by Melia hotel brand will bring a lifestyle business experience, efficient and smart service, contemporary design and the latest technology to New York City's NoMad area when it opens 2016.

Leading hotel company Meliá Hotels International has announces a new milestone for its cutting edge, lifestyle brand ME by Meliá as the name continues to grow globally. ME by Meliá, specializing in modern and high energy hotels at the heart of the most cosmopolitan cities in the world, will open its Milan at the Piazza della Repubblica.

As Puerto Rico enters its eighth year of recession, struggling with $70 billion in public debt, two investment groups have announced they are betting a combined total of more than $460 million on separate acquisitions on the island.