The intelligence source for
the hotel investment community

    China Lodging takes Accor stake

    China Lodging has acquired a 4.5% stake in AccorHotels to strengthen the pair’s partnership, which was first announced at the end of 2014. The news came as AccorHotels continued its own acquisitions strategy, buying Chilean group Atton Hoteles for USD105m. China Lodging and AccorHotels formalised their initial relationship into a strategic alliance in 2016, with [...]

    Belmond ‘within range’ of five-year goal

    Belmond said that it expected to outperform its organic growth target this year, describing the brand as “gaining traction”. President & CEO Roeland Vos reiterated that the company’s complex share structure – described by one analyst as a “cloud” over the group – would “not be there forever”. The company was approaching the halfway point [...]

    HNA launches NH stake sale 

    HNA Group has begun the sale process for its 29.5% stake in NH Hotels, having received several expressions of interest in the shares, worth around EUR650m. The news came as NH and fellow Spanish operator Meliá Hotels International reported strong first quarter results, despite comments from tour operators describing high rates in the groups’ domestic [...]

    M&C looks to ‘significant’ investments

    Millennium & Copthorne said that it was planning a number of significant capital investment projects this year. The comments were made as the region’s operators looked to upgrade their own estates, while turning their attention to growth through management contracts. M&C chairman Kwek Leng Beng said: “We are on track to move forward on a [...]

    Ascott signs jv with China Lodging 

    Ascott has signed a joint venture agreement with China Lodging to expand its portfolio in China, with a target of 16,000 units under the Citadines brand by 2025. Ascott also plans to grow its Ascott, Somerset and Tujia Somerset brands in key Chinese markets. The joint venture will also include CJIA Apartments Group, a subsidiary [...]

    Ettsa claims direct cost 

    Ettsa, the organisation representing OTAs and GDSs, released a study showing that direct bookings had no measurable impact on hotels’ costs, but could hit occupancy rates. The report followed a series of quarterly results in which the global operators hailed the success of their direct booking strategies. The study showed a 0.03% difference in net [...]

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