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    Private clubs blending with hotels

    The private members’ club market is blending more with the hotel sector, according to Aethos Consulting. The comments came amid reports that WeWork was planning to raise up to USD4bn through a debt facility ahead of its planned IPO. The company, which was also looking to growth of its WeLive brand, was said to be [...]

    Serviced apartments pip hotels

    Revpar growth in the serviced apartment sector in Europe was outpacing that of hotels, according to a study by HVS. The company reported that, despite the rapid adoption of the model, lenders continued to seek the safety of a brand when investing. The report found that revpar was up 7% last year, whereas STR reported [...]

    Ascott Residence Trust and Ascendas Hospitality Trust to merge

    Ascott Reit and Ascendas Hospitality Trust have proposed a SD7.6bn (EUR5bn) merger which will create the largest hospitality trust in Asia Pacific, and the eighth-largest globally. The combined organisation will have portfolio of 88 properties in 15 countries across Asia Pacific, Europe and the US, with the group planning to expand further, globally. The merger [...]

    Casino consolidation grows

    The takeover of Caesars Entertainment by Eldorado will create the largest casino-resort company in the US. As the deal was announced, InterContinental Hotels Group announced a deal with Sands which will see five hotels join the company’s network. IHG said that The Venetian Macao and The Parisian Macao would become InterContinental Alliance Resorts, with The [...]

    Invesco enters Italy

    Invesco Real Estate has forward purchased two hotels in Italy, in its second deal within a month with NH Hotels. The deal came shortly after Invesco made its debut in Portugal, as it continued to look to Europe for acquisitions. Invesco Real Estate added two hotel developments in Italy to its EUR1.5bn pan-European hotel portfolio, [...]

    Blackstone close to Center Parcs deal

    The Blackstone Group was thought to be close to agreeing the sale of seven Center Parcs resorts located in the Netherlands, Germany and Belgium. The deal came a few months after the private equity group agreed new long-term leases on the properties and announced a EUR200m investment in them. Luxembourg-based property investment company Aroundtown was [...]