EBAM spreads the cash
Investor EquityBridge Asset Management is looking to extend its investment in the leisure sector, replacing scarce funds from traditional funding sources. The company has recently provided development funding for Urban Villa, backing its east London and Brentford developments.
All change at Aman
Adrian Zecha, who built up luxury collection Amanresorts, is stepping down as chairman and CEO. Aman Group’s new chairman is Johan Eliasch, while Vladislav Doronin becomes CEO.
Buffett backs AirBnb
Legendary stock investor Warren Buffett has endorsed AirBnb for providing accommodation to his shareholders at his annual meeting in Omaha. Local hotels cannot cope with demand, and some stand accused of demanding minimum three day bookings, reports Reuters.
Le Meridiens sold
Private equity buyer Kildare Partners has acquired a portfolio including the Le Meridien hotels in Frankfurt and Munich, from Deutsche Bank. Kildare has acquired both debt and equity in around 26 German properties, including offices and hotels, reports Property Week.
Italian luxury listing
Italian luxury hotels including the Danieli in Venice and Four Seasons in Milan could be listed this summer. Owner Gruppo Statuto aims to put its luxury hotel holdings into a new EUR1.5bn investment vehicle, reports the Financial Times.