• Issue 1011

Big hitters scan London


A consortium of Middle East investors is planning to buy more than GBP1bn of London hotels. Led by Khalaf Ahmad Al Habtoor, the group is eyeing up the Grosvenor House and the Maybourne Group, reports the Sunday Times.


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Windsor for Choice


Choice Hotels has added the Harte & Garter hotel in Windsor as the flagship of its Clarion Collection in the UK. The 98 room hotel has views over Windsor Castle, and is a combination of two 14th century inns.


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GBP3.9bn VAT boost


A cut in UK VAT on hotels and visitor attractions would deliver a net GBP3.9bn gain to the Treasury over a decade. More jobs, and a reduction in the tourism balance of payment deficit would result, according to research for the Cut Tourism VAT campaign.


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Tsogo Sun sale


Brewer SABMiller is to dispose of its 39.6% stake in South African hotelier and casino operator Tsogo Sun. The USD1.09bn deal will be carried out in two stages, reports Bloomberg. 


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Expedia Aussie buy


Online travel agent Expedia is to buy Australian OTA Wotif for USD660m. The acquisition will enable Expedia to grow its business in Asia-Pacific, reports Reuters. 


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