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    Accor’s fresh run at coworking

    Accor has relaunched Nextdoor as Wojo, planning to become the largest coworking brand in Europe by 2022. The company is working with Bouygues Immobilier, targeting 1,200 Wojo coworking spaces in Accor hotels. Accor said that coworking spaces would be in Accor hotels and Wojo sites as well as in stations, airports and shopping malls, with [...]

    Pandox bolsters war chest

    Pandox said that it would continue to pursue growth through acquisitions, shifting its dividend strategy to help fund its ambitions. The company was looking to new markets, including Spain, but remained focused on areas where it could build platforms. Pandox adjusted its dividend policy, with its new target a dividend pay-out ratio of 30% to [...]

    Choice’s lack of Comfort

    Choice Hotels International saw first-quarter revpar contract as it continued to push renovations at its Comfort brand. The company said that it would focus on its upscale products, including signing an agreement with AMResorts allowing giving loyalty members access to its properties, in addition to potentially buying new brands. Patrick Pacious, president & CEO, told [...]

    M&C turns to Hilton

    Millennium & Copthorne Hotels said that it was in the final stages of discussions with Hilton over a deal to operate the renamed Millennium Times Square hotel in New York. The news came as fellow owner Park Hotels & Resorts announced a deal to buy fellow Reit Chesapeake, diversifying the brands in its portfolio. M&C [...]

    Owners pragmatic over hotels

    Luxury hotel owners around the world have been taking a pragmatic approach to assets, replacing or reducing properties. As ownership strategies have varied, luxury brands were united it plans to expand through management contracts. At Mandarin Oriental, the company said that first quarter profits were up on the year due to better results at Mandarin [...]

    Marriott looks to global lever

    Marriott International saw its pipeline slow in the first quarter, as North America flattened, with the group looking outside its domestic market to drive growth. The results were released as Expedia Group was being investigated in the US over a possible conspiracy with hotel companies including Marriott International, Choice Hotels International and Hyatt. According to [...]