• Issue 1127

IHG grabs Kimpton

IHG has bought US boutique operator Kimpton Hotels & Restaurants for USD430m. The all cash purchase gives IHG a chain of 62 hotels across the US.

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Parity deal offered

Booking.com has offered to cut a price parity demand from contracts, to satisfy European regulators. The move is a bid to halt investigations by French, Swedish and Italian authorities, reports Bloomberg.

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FDM ups investment

Fonciere des Murs has established an investment partnership to invest EUR300m in hotel property. It has agreed two initial deals in Germany and France, totalling EUR104m.

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Croatia creation

Starwood has signed to open a new Sheraton branded hotel in Dubrovnik, Croatia. The 250 room hotel will open along the riviera in the second quarter of 2015.

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InterCon double

IHG has signed a pair of new European InterContinental branded hotels. In Dublin, it will rebrand the former Four Seasons, while in Baku it has signed a new build 105 room property.

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