Issue 2536 - 23 September, 2020

    Fico sells up

    Thai investor Fico Corporation has put its White Swan hotel in Halifax up for sale. Agent Colliers is marketing the 39 room property off a GBP1.5m guide price, reports Yorkshire Live. Fico retains a major presence in the UK, owning the 33 strong Jupiter portfolio. While most are branded, the White Swan is one of [...]

    M&C tribunal win

    Hotel group Millennium & Copthorne has won GBP432,000 in costs after an employment tribunal case. A claim for unfair dismissal and related allegations by former procurement vice president Chee Hwee Tan were found to be without merit. The tribunal panel described the former employee as being “duplicitous, while there was no evidence to support claims [...]

    More pain for Spain

    Travel restrictions due to coronavirus have dashed hopes of a revival in fortunes for Spanish tourist destinations. UK tourist numbers were down 91% in August, while German visitors were down 80%, reports Reuters. A rise in coronavirus cases in Spain led to source markets imposing travel and quarantine restrictions. For the first eight months of [...]

    Melia commitment

    The chairman and CEO of Melia have increased their shareholdings in the Spanish listed hotelier. The investments of EUR1m and EUR0.5m respectively are a vote of confidence in the company’s recovery. Melia, listed on Madrid’s Ibex-35, has seen its shares fall 62% due to the coronavirus crisis. The move takes chairman and founder Gabriel Escarrer [...]