• Issue 1039

UOL heads to London

 

Singapore hotel operator UOL Group is to pay GBP97m for a hotel site in the City of London. The plot has permission for a 190 room hotel and serviced residences in a 43 storey tower.

 

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Hotels boost TUI AG

 

A strong performance from hotels has helped tour operator TUI AG to an 89% improvement in group ebitda in the third quarter. Group turnover for the quarter was up 3% at EUR4.8bn. 

 

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La Quinta goes Latin

 

US operator La Quinta has signed franchise deals to enter the Nicaraguan and Guatemalan markets. The agreement covers three new hotels with construction to get under way next year.

 

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Wanda down under

 

Asian investor Wanda has made its first investment in Australia, buying into a Gold Coast development. An AUD271m deal will give it 55% of a high rise resort hotel, apartments and retail scheme, reports The Australian.

 

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