KSL bags Village
Private equity investor KSL Capital Partners has won the bidding for the Village Urban Resort hotel chain. The company has committed to paying more than GBP480m for the 25 strong brand, beating around 20 rivals, reports the London Times.
Accor accelerates India growth
Accor will start building 20 hotels in India next year, as the company ramps up growth in the country. In the third quarter it opened five hotels, with a further launch scheduled before the end of this year.
NH targets small business
Spanish hotel group NH has launched a new benefit programme for small businesses and self-employed professionals. Separate from its existing loyalty programme, it promises discounts, easier bookings management and free wifi.
Rebrand in HK
Hong Kong’s Park Lane hotel is to be affiliated to Accor’s Pullman brand from January. The 826 room property will reopen under a franchise agreement, following a GBP16.2m refurbishment.