• Issue 1103

New Cub Med bid

 

An outbid Italian consortium has tabled an improved EUR23 per share offer for Club Med. Global Resorts, led by Andrea Bonomi, had previously been trumped by Asian rival Fosun, reports Bloomberg.

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Investors favour London

 

London is the most attractive European destination for hotel investors, ahead of Paris and Barcelona. More than half of delegates surveyed ahead of Deloitte’s European hotel investment conference voted the UK capital their favourite.

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Investors favour London

 

London is the most attractive European destination for hotel investors, ahead of Paris and Barcelona. More than half of delegates surveyed ahead of Deloitte’s European hotel investment conference voted the UK capital their favourite.

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Melbourne reflagging

 

Accor is to reflag the Melbourne Hilton on the Park under its Pullman brand. The makeover will take place in January, reports Australian Business Traveller.

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Mexican expansion

 

Mexican Reit Fibra Inn has signed a letter of intent to develop 10 hotels across Mexico with partner Operadora de Hoteles City Express. The new properties will run under City Express, City Express Plus, City Express Junior or City Express Suites brand flags.

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