• Issue 963

IPO for EasyHotel

Budget hotel operator easyHotel has hired Investec to advise on a potential initial public offering. A listing on London’s AIM market could reduce the 100% holding of founder Sir Stelios Haji-Ioannou to less than 50%, reports the London Times.

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Digital check-in for Accor

Accor has launched a digital check in and check out, which will roll out to 1,000 of its hotels by the year end. The digital solution will allow guests to bypass normal time-consuming front desk formalities.

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Home market lifts Marriott

Marriott reported international revpar up 5.7% in the first quarter. North American and transient demand exceeded expectations, pushing earnings per share up 33%.

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Scandic float planned

The majority owner of Scandic Hotels, Swedish group EQT, is planning an IPO of the Scandinavian hotel group that could be worth more than EUR1bn. Banks have been invited to pitch for the project, reports Reuters.

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Sahara looks to sell

London’s Grosvenor House hotel, the New York Plaza and Dream Downtown could all be sold by embattled Indian owner the Sahara group. Potential buyers including Kuwaiti investment bank GIH have been approached by brokers, reports the London Times.

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