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    Asset managers opt for co-investing

    Freo Group, the European real estate investment and asset management business, has acquired a 25% stake in management group Michels & Taylor for an undisclosed fee. The deal allows M&T closer participation in deals, with the group telling Hotel Analyst that it expected to see greater alignment as a result. Andrew Hunter, managing director, Freo [...]

    Marriott denies knowledge of breach

    Marriott International CEO Arne Sorenson told a US Senate committee hearing that the company had not been away of the scale of the data issues at Starwood Hotels & Resorts prior to buying it in 2016. Sorenson said that the source of the breach remained unknown, addressing speculation that it had originated in China. Sorenson [...]

    Airbnb buys HotelTonight

    Airbnb is to acquire HotelTonight in a deal worth a reported USD400m, after talks between the two had faltered earlier in the year. The platform said that the deal would help it reimagine travel “by building an end-to-end travel platform that combines where you stay, what you do, and how you get there, all in [...]

    IHG expands in India

    InterContinental Hotels Group has opened seven more Holiday Inn Express hotels as a result of its partnership with Samhi. The openings took IHG to 10 sites under the brand, as the global operators found renewed enthusiasm for expansion into India. Vivek Bhalla, RVP, SWA, IHG said: “The brand has gained tremendous momentum in the country [...]

    Luxury looks to asset light

    Banyan Tree Holdings and Dusit Thani both used their full-year results to discuss a move towards asset-light models. The pair were both driving growth through management, as well as investing in existing properties. At Dusit Thani, the group said that it would “continue to expand the business through asset light initiative. The company has considered [...]

    Further flags unfurled

    Berlin’s hospitality conference season saw the launch of two new brands from Accor and news that Steigenberger brand was being overhauled. The honing of branded portfolios marked the ongoing efforts by the global operators to create a complete collection of flags united by their loyalty programmes. At Accor, Tribe has been launched to target the [...]