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    CWT cautions after M&A mania

    Completion of the Marriott-Starwood merger will trigger significant changes to the hotel booking landscape, that could hit corporate travel buyers hard. That’s the view of corporate travel booker Carlson Wagonlit Travel (CWT) which in a recent white paper has revealed its thoughts on how the hotel landscape could change over the next year or so, [...]

    Interstate grows in Europe

    Third party manager Interstate has added to its European management portfolio, tying up its first property in Germany. An agreement with Dutch group Odyssey will see Interstate taking over two Dutch hotels as well as the new AC by Marriott in Mainz. Odyssey is a hotel development company that lists nine hotels it owns, leases [...]

    Irish defy Brexit fears

    The Irish hotel market, which looks to be the most exposed to a Brexit downturn, continues to see a flurry of investment activity. One of the most recent deals, completed post-Brexit, has seen the Radisson Blu in Athlone sell for what is believed to be around EUR9.5m, to investor iNua Hospitality Group. Agents CBRE sold [...]

    Danish move for Wyndham

    Wyndham’s Dutch holiday park division, Landal, has expanded into another European market, with the acquisition of Danish company Dayz Resorts. The deal, for which no value was publicly declared, gives Landal five sites in the south of Denmark, adding more than 1,000 holiday homes to the group portfolio, on parks in the Jutland peninsula. The [...]

    Serviced apartments grow up

    New brands and more engaged investors are launching into the serviced apartment sector, as it heads from an alternative to becoming a mainstream accommodation play. Speakers at the Serviced Apartment Summit held in July noted that the sector is growing up, and being taken more seriously. Yet with few of the established international serviced apartment [...]

    Disruptor threatens to reinvent super budget

    Anglo-Indian start-up Chototel is about to open its first hotel in India, offering rooms for USD2 per day. And it is threatening to disrupt accommodation markets in the UK, UAE and Africa with its new approach to providing spaces to stay and rent. A 240 room development in near Mumbai combines low cost accommodation in [...]

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