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    AccorHotels partners with Banyan Tree

    AccorHotels has invested an initial EUR16m as part of a strategic partnership with 43-strong Banyan Tree Holdings. The company told us it would not “buy for the sake of buying” but that the deal represented a good investment and a further brand to offer loyalty members and developers. Under a long-term partnership, both parties intend [...]

    Hilton confirms new brand plans

    Hilton Worldwide told analysts as its investor day that it would not be “buying” its growth but would look to launch at least three brands, including an “economy, urban, micro” flag. The company outlined its planned three-way split, with the core management and franchise business to continue its “capital lite” growth plan, with the Reit [...]

    Carlson deal closes, Rezidor opens

    HNA Group has closed its acquisition of Carlson Hotels, adding to its holdings in the hotel sector, which include stakes in Red Lion, Hilton Worldwide and NH Hotels Group. The closing of the deal started the clock on HNA’s decision on whether to acquire the remainder of Rezidor Hotel Group or sell down its stake, [...]

    Deals surge to the year-end

    The year closed with a number of deals in Europe, with sales for Blackstone Group, acquisitions in Germany for PPHE and The Ascott and the promise of transactions to come with a fundraising at Pandox. As the new year approaches, there is no sign of the transactions pace slowing, with demand from around the world. [...]

    NH ups ebitda target

    NH Hotels Group said that it was on track to achieve its Ebitda target of EUR250 in 2017/2018, up from its previous target of EUR200m The news came as former chairman Charles Mobus wrote a letter on behalf of HNA Group expressing its deep concern over the new management contract between NH Hotel and Hesperia. [...]

    Egypt welcomes brands

    AccorHotels is to open four new hotels in Egypt, taking in to 31 hotels in the country across its brand stable. Deutsche Hospitality has also signed on another hotel in Egypt, its tenth, with the announcements coming as the country suffered a terrorist attack shortly after being declared safe by the US department of state. [...]
    Marriott Starwood merger

    Marriott restarts Starwood disposals

    Marriott International has sold the St. Regis San Francisco hotel to the Qatar Investment Authority for around USD175m. The sale, the first since the company’s takeover of Starwood Hotels & Resorts, proved that it was very much business as usual at the group, which is proceeding with the integration of its latest buy as it [...]

    Fairview adds Accor sites

    Fairview Hotels has continued its UK expansion with the acquisition of four Novotel-branded properties, taking it to 10 sites. The company acquired the sites from Land Securities and AccorHotels, expanding on its existing relationship, and said that it planned to continue growth in the regional UK. The deal was done off market, with the freeholds [...]
    kew green

    Kew Green launches in China

    Kew Green Hotels has become a brand in its own right in Hong Kong, with the opening of a new hotel. The move follows Kew Green’s acquisition by Asian investor HK CTS Hotels last year and comes as it overhauled its brand identity for the first time since its inception in 2001. HK CTS Hotels [...]

    Taj, Shangri-La’s loyalty link

    Taj and Shangri-La have allied their loyalty programmes under the name Warmer Welcomes programme. The move comes as loyalty programmes are being increasingly used as leverage to drive direct bookings, with Marriott International’s takeover of Starwood Hotels & Resorts motivated by the increased loyalty scale. The two Asian hotel companies will see a combined reach [...]

    Wyndham on the scale march

    Wyndham Hotel Group has acquired Latin American hotel management group Fën Hotels, adding 26 management contracts. The company said that it was committed to growing its global management operations and distribution system and was looking for further brands to buy. The news came shortly after Marriott International signed four hotels in Mexico, with the company [...]

    Whitbread eyes 100k rooms

    Whitbread said that it had a “line of sight” to 100,000 rooms for its Premier Inn brand, with extensions the lowest-risk route to growth. The company is looking to Germany for international expansion, with the comments coming as Motel One described “restraint” in city break tourism as the result of terrorism and Brexit. Commenting at [...]

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