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.
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.
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.
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.