• Issue 1060

London Ibis deal

 

Accor has signed to open a 583 room Ibis Styles hotel in central London. The property is being created by landlord Criterion Capital above the Trocadero shopping centre, reports the London Standard.

 

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UK upturn sustained

 

UK hotels are on an upturn that should be sustained through 2015. London properties are edging up already high occupancies, while the regions are enjoying strong improvements, reports PwC. 

 

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Seventh Scandic for Stavanger

 

Scandic has signed to open its seventh hotel in Stavanger, Norway. The 350 room Scandic Stavanger Congress is scheduled to open in 2016 and will be the largest of them all.

 

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Pestana denies bid

 

Portuguese operator Pestana has ruled itself out from buying the Tivoli hotel chain. Tivoli, which has 12 hotels in Portugal and two in Brazil, has been put up for sale by owner Espírito Santo, reports Bloomberg.

 

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Mexico fundraiser

 

Mexican company Grupo Hotelero Santa Fe aims to raise up to USD72m in a local IPO. The company is a Hilton franchisee and operates at the top end of the country’s beach sector, reports Reuters.

 

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