The intelligence source for
the hotel investment community


    Reit picks the familiar at Travelodge

    Secure Income Reit has acquired a portfolio of 55 Travelodge hotels from Golden Tree, Avenue Capital and Goldman Sachs for GBP196.2m. The acquisition price reflects a yield of 7%, at the top end of the Travelodge estate, as Secure Income Reit looks to diversify its holding of long-leased real estate. The portfolio is part of [...]
    Dalata makes “transformational” UK move

    Dalata done with deals in Ireland

    Dalata Hotel Group said that it was “close to being done in Ireland” in terms of acquisitions, as prices continued to rise. The comments came as the company said that the decision by the UK to leave the European Union had “created some uncertainty for the group”. Dalata, which had been looking at the UK [...]

    Bespoke celebrates rise of franchises

    Bespoke Hotels has announced an agreement with developer and investor Criterion Capital to open four new hotels in London. The hotels will be operated by Bespoke Hotels, two under franchise with AccorHotels, illustrating the ongoing march of the third-party operators. The hotels are wholly-owned assets belonging to Criterion Capital, with Bespoke Hotels operating them by [...]

    Marriott deepens deal with Expedia

    Marriott International has partnered with Expedia, Inc to offer the “Vacations by Marriott” packaged holidays platform. The move has raised speculation that Marriott International could be the next operator to announce plans to offer its loyalty programme rate through the online travel agent. The agreement sees travellers accessing now able to book a flight [...]
    thomas cook

    Thomas Cook goes to China

    Thomas Cook and shareholder Fosun International have launched Thomas Cook China as a joint venture. The travel agent, which recently lowered its earnings guidance, is looking to tap into the expected boom in outbound Chinese tourism. Fosun, which also owns Club Med, took a 5% stake in Thomas Cook last year and has been tipped [...]

    Wyndham gets into city sharing

    Wyndham Vacation Rentals has acquired the apartment rental company Friendly Rentals, based in Barcelona, for an undisclosed fee. Wyndham said that the deal would allow it to move into the city rental market, a move which will bring it into competition with Airbnb. Friendly Rentals has a portfolio of around 2,000 apartments in 23 international [...]

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