• Issue 1161

Starwood Capital clear out

Starwood Capital is to sell off 19 of its hotel properties around the UK. The list includes 11 former De Vere Venues properties, seven Principal Hayley hotels and one Four Pillars hotel.

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Redefine BDL heads abroad

Management company Redefine BDL is looking to grow into mainland Europe and the USA, off the back of a strong 2014. Managing director Stewart Campbell expects to either take on an owner’s European portfolio, or buy a small continental management company.

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Hyatt wifi boost

Hyatt made wifi free to all guests, at all its hotels, from February 14. The service has no restrictions as to number of devices, loyalty programme membership or booking method.

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Bain Olympic bid

Private equity investor Bain Capital has bought a Japanese hotel and spa operator for more than USD420m. Oodeo-Onsen Holdings has a chain of 29 Japanese properties, poised to take advantage of the 2020 Tokyo Olympics, reports Reuters.

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Invesco dumps Disney

Fund manager Invesco has sold its 6% shareholding in Euro Disney. The move was revealed as the theme park operator announces those shareholders that will support its EUR420m rights issue, reports the Telegraph.

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