HA Perspective 2017

    millennium

    M&C strong amidst dissent

    Millennium & Copthorne Hotels reported strong third-quarter results as a result of new openings. The figures fuelled objections to the planned GBP1.79bn takeover of the group by its majority owner, with some shareholders complaining that it undervalued the company. City Developments has until 8 December to make a formal offer for the group. The investor [...]
    Park Plaza London Waterloo

    Refurbs on despite Brexit waver

    Peel Hotels said that it was continuing to see sales hit by uncertainty around Brexit, commenting that it was “difficult to move forward”. Peel, alongside PPHE, GL and Macdonald Hotels, confirmed plans to pursue refurbishments on its estate, as domestic travel in the UK continued to rise. At Peel, the company saw sales down 5.1%, [...]
    premierinn

    Whitbread ‘open minded’

    Whitbread CEO Alison Brittain told analysts that the board had “regular” discussions over the company’s structure. The group said it would continue to look to Germany for growth and would invest where required to accelerate this. The comment over structure was made at the company’s half-year results, as it was again facing chatter from observers [...]
    mantra

    Accor denies ‘mega-merger’

    AccorHotels said that it had no plans for a ‘mega-merger’ funded by its Booster project, in the wake of ongoing acquisitions at the group. The company had no further update on the project, other than to confirm that it was in talks with a potential investor and planned to sign an agreement before the end [...]
    Display of Stock market quotes in shanghai,China

    Trivago targets hotels direct

    Trivago has launched Trivago Hotel Relations, a subsidiary which it said would “foster strong direct relationships with independent hotels”. The move came as concerns continued to grow that the role of the metasearch engines was waning in the sector. Johannes Thomas, managing director & chief revenue officer, Trivago, said: “With this step we are accelerating [...]
    24SolTenerife-GeneralPoolViews

    Blackstone ups Spanish holdings

    Blackstone has acquired 14 assets from Hotel Investment Partners, giving it a platform of primarily coastal hotels with over 3,700 rooms in Spain. The private equity group is expected to combine the resorts with part of the Banco Popular portfolio it acquired earlier this year. The HI Partners portfolio was sold by Banco Sabadell for [...]
    DreamNY

    Regions attract deals, Dream

    The regional hotels market has continued to flourish, with two hotels sold as performance is supported by the weak pound. The deals came as Dream Hotel Group signed its first hotel in the UK, in Birmingham, under its Unscripted brand, to open in 2020. At Stansted airport, developer Urban & Civic sold the Hampton by [...]
    Cycas

    Cycas gains Europe war chest

    Hua Kee, the Thai family office, has acquired a one-third share in Cycas Hospitality for an undisclosed sum in a move that further boosts the profile of so-called hotel alternatives. Cycas said that the investment would allow it to expand across Europe, at a time when serviced apartments are becoming more mainstream in the eyes [...]
    lowry

    Weak pound continues to drive deals

    Overseas investors continued to seek out hotels in the UK regions, with Savills reporting a rise from a 7.3% share of transactions to 38% so far this year. The report came as visitors to the UK continued to increase, as the weak pound pushed both visitations and staycations. Savills has forecast that annual UK hotel [...]
    premierinnfrankfurt

    Brands eye Germany

    Premier Inn has secured four new sites as it continues to build its portfolio in Germany. The company said it was “keen to hear from development partners” as it competes with the other global brands to build a platform in the country and take on varying forms of risk. The company has announced two hotels [...]