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The intelligence source for the hotelisation of real estate

    A&O makes Spain move

    A&O Hostels has bought its first property in Spain, to build a 750-bed hostel in Barcelona, due to open in 2021. Generator Hostels also announced a new site, in the US, as the hostel sector continued to flourish after the recent spate of M&A bought it to investors’ attention. At A&O, the Berlin-based budget group [...]

    Airbnb reports overseas growth

    Airbnb said that it had seen “substantially more” than USD1bn in revenue in the third quarter, driven by growth overseas and in secondary cities. The announcement from the platform came as it found a replacement for its CFO ahead of its anticipated IPO and has been negotiating with various jurisdictions concerned with its impact on [...]

    Meliá joins Amazon’s shelves 

    Meliá Hotels International has claimed a first in the hotel sector by selling gift cards loaded with loyalty points on Amazon. The operator joins other hotels in using Amazon, as the sector has sought to attract more users to its loyalty schemes. Meliá will sell accommodation and experiences through the e-commerce website by offering two [...]

    Sabre, Amadeus under EC investigation

    The European Commission has opened an investigation into whether agreements between Amadeus and Sabre and airlines and travel agents breached EU antitrust rules. Both Amadeus and Sabre said that they would work with the Commission and that their agreements encouraged, rather than discouraged, competition. Commissioner Margrethe Vestager, in charge of competition policy said: “The liberalisation [...]

    Ireland deals boom, market cautions

    Apollo Global Management is thought to have acquired the Goldman Sachs-backed Tifco, for a figure we understand to be around EUR450m. The agreement came as transactions in Ireland continued to build, with CBRE reporting that deals worth EUR263m had been signed in the first nine months of the year, up more than three times on [...]

    Connectivity key to Europe’s growth

    Air transport and connectivity was a key factor in creating higher tourism potential and passenger stays through increasing arrivals, according to a study from Christie & Co. The report found that growth in the region in 2018 was being driven by Southern and Mediterranean Europe, drawing the interest of investors. ‘European Hotel Investment Trends 2018: [...]

    Huazhu continues midscale push

    Huazhu announced that it had become “more confident” in its midscale expansion, with rooms in the mid and upscale markets now accounting for 80% of the group’s pipeline. The company said it was trialling growth outside China, with a hotel in Singapore, while commenting that its domestic penetration was still “limited”. Jenny Zhang, CEO, Huazhu, [...]

    Minor to major 

    Minor International described a “transformational year” in which its acquisition of NH Hotel Group paved the way, it said, for it to become a “truly global hospitality operator”. The comments came as the company released its third-quarter results, which did not include NH, in which it said it would continue to pursue organic growth. The [...]

    Rocco reactivates 

    Rocco Forte Hotels has announced five new hotels, four of which will be in Italy, with one in China. The openings were, Sir Rocco Forte said, part of a long-term strategy to have a base in “key cultural centres and European capital cities”. The hotels will join Rocco Forte Hotels under a variety of models, [...]

    Institutions turn up heat on Spain 

    CBRE Global Investment Partners and Pygmalion Capital Advisers are to invest in hotel assets and businesses across Europe. The European Hotel Venture has been launched with a portfolio of nine four-star regional city hotels in Spain, previously owned by the Urvasco construction group. The portfolio included 1,650 hotel rooms located in Seville, Madrid, Bilbao, San [...]

    Hotelbeds buys transfer group

    Hotelbeds has acquired HolidayTaxis group, a transfer specialist, in a deal it said reinforced its commitment to the ancillary distribution space. The agreement came only a few months after Booking Holdings invested USD500m into Didi Chuxing, the China-based ride-hailing group. HolidayTaxis Group is based in the UK and operates 21,000 transfer routes, spanning 150 countries. [...]

    Queensgate linked to Grange buy 

    Queensgate Investments is thought to have entered exclusive talks to buy four properties in London from Grange Hotels. The speculation came as Pentahotels confirmed to us that it was looking for a third-party real estate investor to help drive expansion in “Europe and beyond”. The Grange portfolio attracted a high number of bidders, looking to [...]