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    Flexibility demanded from brands

    Brands and their contracts with owners will have to change to adapt to the evolving market, delegates at this year’s Annual Hotel Conference in Manchester were told. The growing role of the online travel agents in driving bookings was motivating this move, with panellists predicting that a disruptor would enter the market and force the [...]

    Dublin hot as Fitzpatrick hotels sold

    Patron Capital and Fitzpatrick Lifestyle Hotels have sold three hotels in Dublin to a consortium led by the owner of US cable company Liberty Global. The news came as Dalata Hotel Group agreed to acquire the lease DoubleTree by Hilton hotel in Dublin after the site was purchased by Deka. John Malone, Paul Higgins and [...]
    Rezidor Cape Town

    Carlson Rezidor debuts in Angola

    Carlson Rezidor has signed five new Park Inn by Radisson hotels in Angola, marking its entrance into the country. The operator joined others at this year’s Africa Hotel Investment Forum in highlighting the territory’s rising importance in global hotel development. Carlson Rezidor entered Angola through an agreement with the Instituto de Fomento Turistico de Angola, [...]

    NH refinances as Spain booms

    NH Hotels has refinanced its debt after issuing EUR285m in senior notes on better terms than its 2013 offering. The news came as Meliá Hotels International hailed a strong summer season, which it attributed not only to geo-political factors driving visitors to Spain, but its recent programme of renovations. NH Hotels issued EUR285m of senior [...]

    StarCap appoints Cycas

    Starwood Capital Group has appointed Cycas Hospitality to operate four extended-stay hotels in London. The deal makes Cycas Hospitality the second-largest operator of serviced apartments and apart-hotels in the capital, as the sector is seeing its profile raised alongside the growth of Airbnb. Starwood Capital acquired the assets from Think Apartments in a GBP206m deal [...]
    playa jamaica

    Playa files for IPO

    Playa Hotels & Resorts has filed for an IPO, thought to value the group at around USD100m, although observers suggest it could be three times as high. The company, which owns a portfolio of 13 resorts in Mexico, the Dominican Republic and Jamaica, said that post-IPO, it planned to build its estate through acquisitions. Playa [...]

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