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    Belmond moots sale 

    Belmond confirmed that it had launched a strategic review, where “no option is off the table”, including a sale. The company would not be drawn on how it would address the dual class share structure at the group ahead of a possible sale, having previously said that it was on the path to a single [...]

    Marriott moots further M&A 

    Marriott International’s president & CEO Arne Sorenson said that there was “plenty of opportunity to grow”, with an eye to further M&A. The comments came as both Marriott and InterContinental Hotels group looked to further expansion in their luxury portfolios. Sorenson told analysts: “We’re appreciative of the way the Starwood deal has gone so far. [...]

    Hyatt’s select service bet 

    Hyatt Hotels Corporation was to invest in doubling the number of select service hotels it had around the world within the next five years The company, which confirmed that it would not be pursuing an offer for NH Hotel Group at this time, said that it was continuing to look at asset-light opportunities “in the [...]

    Wyndham looks to global growth

    Wyndham Hotels used its first results after its spin-off to confirm that it would be looking to grow internationally both organically and through acquisitions. The update on strategy came as fellow franchisor Choice Hotels International focused its attention on its domestic market, citing a further boost from tax reforms in the US. Wyndham Hotels’ CEO [...]

    Amadeus makes hotel move 

    Amadeus has acquired TravelClick in a deal valued at USD1.2bn.. The deal will give Amadeus a stronger presence in the hotel sector, at a time when it was working with InterContinental Hotels Group on its new guest reservation system. On the group’s first-quarter earnings call president & CEO Luis Maroto told analysts: “When we do [...]

    Owners investing for long term

    Millennium & Copthorne said that, despite a “mixed” view of current trading, it would continue to invest in its estate. Fellow luxury group HongKong & Shanghai Hotels said that it would continue to pursue its niche as an owner of a small group of luxury hotels. At Millennium & Copthorne, the company closed its Mayfair [...]