Issue 31: 9th September 2020

    Dalata sticks to leases

    Irish hotel group Dalata has raised EUR94m to support further growth, as it eyes opportunities arising from the coronavirus fallout. The share placing grew the group’s issued capital by 20%, with institutional shareholders happy to take up the offering. Dalata made the move as it announced first half results, which saw a EUR71m loss as [...]

    Portfolios slip away from the brands

    As the tectonic plates shift in the aftermath of the coronavirus lockdown, several portfolios of hotels are coming into play. And some winners and losers are already evident. In the UK, Travelodge is looking likely to lose around 100 hotels from its portfolio, in the aftermath of a move to force rent cuts on landlords. [...]

    All change at Deutsche

    Deutsche Hospitality is picking up the pace of expansion, as it aligns its systems more closely with new Chinese parent Huazhu. Huazhu is famous for its continuing rapid pace of growth in China, where it regularly signs hundreds of hotels a quarter. At DH, new budget brand Zleep is stepping up the pace. But as [...]

    Third parties ready for change

    Dedicated hotel management companies are looking forward to an uplift in business, as they grapple with operational changes at re-opening hotels. A move to more third-party operation is another market trend that is set to accelerate post-covid, as owners and investors look to find improved returns. Individual hotels, and whole portfolios are up for grabs [...]