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.
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.
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.
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.
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.