• Issue 1061

Hotel Collection restructured

 

The Hotel Collection, formerly Puma, has been restructured after a “pre-pack” administration. Former Travelodge chief Grant Hearn has been hired to take the 21 strong chain through a major refurbishment, reports the London Times.

 

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TUI merger agreed

 

Management at TUI Travel and Tui AG have agreed terms for the proposed merger of the two companies. The deal is subject to the approval of each company’s shareholders next month. 

 

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Center Parcs float

 

Blackstone is expected to float its Center Parcs holiday village next year, valuing the business at more than GBP2bn. The UK leisure venues achieved 99% occupancy through the summer period, reports the London Times.

 

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Wyndham signs for Costa Rica

 

Wyndham has signed to open its first resort property in Costa Rica. The 151 room hotel, currently under development, will open in late 2015 and will be a mixed use development with the involvement of the group’s RCI exchange rental business. 

 

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More Waldorf for Bali

 

Hilton has signed to open a third Waldorf Astoria hotel in Indonesia. The 100 room property in Bali, Ubud is scheduled to open in 2018.

 

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