HA Daily

    Ruby heads abroad

    Ruby Hotels has signed a new site in London for its lean luxury format. The 76 room London new build will be developed by partner Max Barney Estate for a late 2019 opening. In Zurich, the group has signed a 21o room property, to be created in a former cinema. The group has openings in Dusseldorf and Hamburg planned for [...]

    Shearings rebrand

    Shearings has signed a deal with publisher Hearst to reflag two of its hotels under the Country Life magazine brand. The licensing agreement covers hotels in Bath and Harrogate. Both period properties will undergo refurbishment, with reopenings planned for May and July. A fund managed by LaSalle Investment Management recently backed a GBP22.2m refinancing to support the [...]

    Hilton Indian additions

    Hilton has signed twin hotels in Bengaluru, India. Partner Embassy Group will develop a 500 room dual branded Hilton and Garden Inn for opening in 2022. The project is Embassy’s third with Hilton, and their second dual branded development. Hilton currently has 16 pipeline hotels in India.  

    Lemon Tree IPO

    Indian hotel owner operator Lemon Tree will launch a public share offer next week. The group is aiming to sell INR1,039 crore of shares, reports Livemint. The move will allow early investors Warburg Pincus, Delhi-based billionaire Ravi Jaipuria and his firm RJ Corp to sell down their stakes. Founded in 2002, Lemon Tree currently has 45 hotels [...]

    ‘Economic concerns’ hit London

    The UK’s top 10 attractions saw a 1.7 million drop in visitor numbers to 64.2 million in 2017. Bernard Donoghue, director, ALVA, said: “Economic factors had an impact on UK visitors to central London, with associated evidence that the costs linked with a visit such as travel and food and drink have played an important [...]

    iNua Hospitality refinances

    iNua Hospitality in Ireland is set to form a single hotel group following a refinancing. The London Times reported that the transaction would see iNua Hospitality acquire its six hotels from various standalone iNua entities, repaying all the debt and investors. The company owns hotels including the Radisson Blu Hotel in Cork and the Muckross [...]

    Dorchester for Dubai

    The Dorchester Collection is reported to have signed a management contract on a hotel in Dubai. The site is being developed by Omniyat. Mahdi Amjad, CEO & executive chairman of Omniyat, said: “We want to fuel unforgettable experiences through our projects and we couldn’t have found a more suitable partner than Dorchester Collection.”

    New CEO at Sandals

    Sandals Resorts International has appointed Gebhard Rainer, the former CFO at Hyatt Hotels Corporation, as its new CEO. The company said that the appointment was designed to accelerate the strategic growth of the all-inclusive brands under the Sandals Resorts International banner. “Rainer’s experience complements our strengths, affording me the time to expand my role alongside [...]

    Germany drives Motel One

    Motel One reported revenue of EUR401m for 2017, up from EUR357m in the previous year. Of this, 71% of revenue was generated through German hotels, while the brand‘s international share rose to 29% (up from 27% in 2016). 70% were business guests and 30% leisure guests. Read the full story here: https://www.motel-one.com/en/corporate/finance/

    Expedia claims OTA ‘premium’

    Expedia, Inc said that guests who booked using an OTA stayed 8% longer and spent nearly 18% more per trip than non-OTA bookers. Abhijit Pal, head of research, Expedia, Inc, said:  “With more than one-fifth of travellers using an OTA to book all or part of their trip, the data shows the scale and importance [...]