• Issue 1113

Checkout for KSL?

KSL, owner of the Malmaison group, is considering a sale of the boutique hotel chains Malmaison and Hotel du Vin. Investment bank UBS has been hired to conduct a strategic review, reports Sky News.

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Motel One advances

 

German budget chain Motel One grew revenues 25% in the third quarter, to EUR70m. Occupancy averaged 79% for the period, with guest satisfaction scores increased.

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Egypt progesss

 

Dubai investor Al-Futtaim Group will inject USD700m into projects in Egypt. A new hotel and up to 500 homes are promised in a new phase of the Cairo Festival City, reports Reuters.

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Thomas Cook surprise

 

Thomas Cook group chief executive Harriet Green has announced her sudden departure, sending company shares tumbling. Insider Peter Fankhauser will replace Green immediately, reports Reuters.

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