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    Paul Slattery

    Corporate failure feeds third parties

    The rise of the white-label hotel operators is as much about the failure of the global hotel brands’ corporate structure as pressure from owners, according to research from Otus & Co. The explanation came as delegates at the inaugural Hotel Operations Conference, organised by Hotel Analyst, heard that franchising was on the rise, backed by [...]
    EY's Nam Quach

    Legislation driving evolution

    The changing tides within hotel investment are driven not just by investor sentiment, but by changing tax and accounting laws, delegates at the Hotel Operations Conference in London heard. The changes have helped create the bricks-brains-brawn split within the sector, and are set to refine its format further, predicted Nam Quach, head of leisure at [...]
    morganshudson

    Morgans to grow with SBE

    SBE Entertainment Group has acquired Morgans Hotel Group, including the ownership of three hotels, in a deal valuing the group at USD794m. The cash deal brings to an end several years of ructions at Morgans, with the company now looking forward to “growth opportunities” two years after announcing a strategic review. Howard M. Lorber, Morgans’ [...]
    airbnb

    Airbnb ups political stand

    Airbnb has joined the World Tourism Organisation as an affiliate member, strengthening its position as a tourism supplier. The news came as the authorities in Berlin implemented a law banning the short-term rental of entire properties, leading to a purge on Airbnb. By joining the UNWTO the sharing platform platform adds itself to the group [...]
    Macau, China

    China strengthens in and out

    Hong Kong-backed Bluesky Hotels and Resorts is to take Canada’s InnVest Reit private in a deal valued at USD1.6bn. The deal as the latest outbound investment move from China and came as the region’s operators reported strengthening results, buoyed by the mid-market. InnVest owns a portfolio of 109 hotels across Canada under brands including Fairmont, [...]
    euro-market-outlook

    Europe holds deals volumes

    Investment into European hotels reached EUR3.7bn in the first quarter of the year, the second-largest deal volume recorded in any first quarter in the last decade, according to CBRE Hotels. Germany was identified as a key market, challenging the UK, with the report coming as Motel One released results pointing to ongoing expansion. CBRE Hotels [...]

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