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    Brand over capital at Belmond

    LVMH said that it would look to “optimise the brand’ rather than look to expand the number of properties at Belmond. The group, which paid USD2.6bn for the company, said that it had no plans to sell any of the group’s hotels, talking instead of the importance of aligning operations with real estate in the [...]

    Apple eyes Europe after Alua move

    Apple Leisure Group said that its purchase of a majority stake in Spain’s Alua Hotels & Resorts marked the start of its expansion in Europe. The deal illustrated the ongoing popularity of the resort market at a time when interest from investors in Spain showed no sign of waning. “The addition of Alua Hotels & [...]

    Co-living jv for India

    Lemon Tree Hotels and Warburg Pincus have agreed to form a joint venture which will focus on co-living and student housing in India. The agreement came as speculation suggested that Brookfield Asset Management was close to acquiring a majority stake in Hotel Leelaventure. At Lemon Tree, under the terms of the agreement, the jv will [...]

    Homesharing holds back tide in NY

    A law which was due to have gone into effect in New York requiring that homesharing companies supply lists of information about their hosts to the authorities, has been temporarily halted. The decision came as Airbnb expanded its offering by buying property management company Luckey Homes in France. The judge in New York, Paul A. [...]

    Jinjiang ups offer for Radisson

    Jinjiang International has increased its offer for the remaining shares it does not already own in Radisson Hospitality. The company’s board has recommended that shareholders not accept the previous offer, describing it as “not fair” from a financial point of view, and the increase was also rejected. In November Jinjiang International Holdings completed the purchase [...]