Huazhu provides east-west recovery view
Chinese hotel group Huazhu says it expects revenues to reach around 85% of 2019 levels, before the end of the year. The group has a close eye on both the Chinese market and, through its acquisition of Deutsche Hospitality, on post-covid progress in Europe. It said first quarter revenues were down by 35%, and it [...]
Hotels a dirty word?
Two major US-based private equity investors appear to be losing their appetite for hotels. Both Colony Capital and Blackstone have defaulted on debt payments relating to hotel assets recently, seemingly keen to be seen stepping away from the sector. But seasoned observers suggest the moves are simply a fresh investor ploy to get lenders around [...]
Distribution casualties
Two online brand names have recently been consigned to history, as both Room Key and HomeAway have been taken off the roster of internet distribution platforms. For Room Key, the final step in its demise was announced with barely a whisper, as the site was reduced in May 2020 to carrying the message “Roomkey.com no [...]
Silver lining for UK pipeline
Recent weeks have seen a slew of approvals for new hotel developments around the UK, as developers continue to look to the sector as a profitable construction outlet. While the brands appear keen to sign up, and there is no shortage of finance to support development, the covid-19 lockdown has provided some reassessment of activity. [...]
Travelodge truce agreed
Landlords of Travelodge hotels around the UK voted to agree to the company’s CVA proposals, after a series of concessions were made by the company. A further challenge period of 28 days must now expire, for the agreement to become finally binding on the parties. But for now, it seems that the giveaways were sufficient [...]
Roompot moves up a gear
Dutch holiday park business Roompot has changed hands in a EUR1bn deal, with buyer KKR taking up the reins. The investment promises to help Roompot, which has 33 parks across the Netherlands, Germany and Belgium, grow further, with more consolidation in the sector. Since 2016, in the hands of another private equity investor, PAI, the [...]- Hotel Analyst is sponsored by
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