• Issue 1041

Fairmont St Andrews sold

 

Kennedy Wilson has paid GBP32.4m to buy the Fairmont hotel in St Andrews. The 209 room hotel was sold by SABD Holdings, reports The Scotsman.

 

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Lastminute sale

 

Original late deals website Lastminute.com is being put up for sale by owner Sabre. The US listed technology company has hired Houlihan Lokey to advise, reports Sky News.

 

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Urban Village bids in

 

Center Parcs owner Blackstone is among bidders for the De Vere Urban Village hotel chain. First round submissions were due to JP Morgan last week and are likely to include bids from Starwood Hotels and other private equity investors, reports the London Times.

 

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Chinese fall out of love with Paris

 

Chinese visitors to Paris are becoming disillusioned by the city’s grubby streets and unfriendly locals. The “Paris syndrome” sees new visitors hit with the reality of pickpockets and litter, reports Bloomberg.

 

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