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Five for Four Seasons

Four Seasons will open five new luxury resorts next year. Properties in Hawaii, Morocco, Bahrain, Miami and a first presence in Seoul, South Korea will open during 2015. The company’s Bahrain development will have 273 rooms and occupy its own island in Bahrain Bay. Four Seasons has more than 60 hotels in the development pipeline […]

Algonquin makes Europe buy

Algonquin has made its first buy in Central Europe, acquiring the 232-room Sheraton Krakow, for around EUR38m. The deal takes the company’s portfolio to 32 hotels. Starwood Hotels and Resorts will continue to manage the hotel under the Sheraton Brand. Read the full story here: http://www.algonquin-hotels.com/index.php?lng=en

Amba launched

GLH, part of the GuocoLeisure group, has launched its first Amba rebranded hotel, the former Charing Cross hotel in London. The brand promises the fastest hotel wifi in the world, with no download limits.Amba hotels have the latest technology, with ipads and smart TVs in every room. The brand will have more than 2,000 rooms […]

Backing for Rocco

Hotelier Sir Rocco Forte has secured a GBP60m equity injection to fund expansion of his luxury hotel group. New backing from Fondo Strategico Italiano means he will double the size of the portfolio in five years, reports the London Times. The Italian fund has paid for a 23% stake, valuing the group at GBP260m. Forte […]

Barclays win Maybourne fight

The Barclay brothers have won a court battle to win control of luxury London hotels Claridges, the Connaught and the Berkeley. A judge told shareholder Paddy McKillen, who brought the case, they had acted lawfully in the fight for control of holding company Maybourne, reports Reuters. The brothers will now press to refinance the company’s […]

Blast hits Churchill

Guests at Hyatt’s Churchill hotel in London had to be evacuated after a gas explosion in the hotel’s basement early on Saturday. Several staff suffered minor injuries in the blast, the cause of which is still being investigated.Hyatt is currently relocating all hotel guests with arrival dates up to 31 December. A structural assessment of […]

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.The two brands could be auctioned off, allowing close to 30 successful hotels to change hands. KSL bought the pair in March […]

China Lodging steady

China Lodging saw like for like revpar steady at RMB183 as occupancy slipped back but rate rose, in the the third quarter. During the quarter, ebitda was up 20.6% to RMB349.5m. The company opened 14 leased hotels and 168 manachised hotels in the quarter. The pipeline includes a further 32 leased and 485 manachised hotels. […]

Dalata in Moran talks

Shares in hotel group Dalata have been suspended as the company revealed it is in talks with Moran Bewley Hotel group. An acquisition would constitute a reverse takeover under AIM stock market rules, requiring shareholder approval. Moran has four, four star hotels in Dublin, Cork and two in London. The Bewleys brand has six hotels, […]

Double for Holiday Inn

IHG has signed two Holiday Inn hotels under its eighth multiple development agreement in Germany. The properties in Dresden City South and Villingen-Schwenningen willl be delivered by partner FFF Group under a five property deal. The 93 room Dresden hotel will open in 2015, and will be the fourth Holiday Inn family property in the […]