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    Germany’s “overheated” market

    Motel One was due to open five more hotels in Germany in the fourth quarter, but described an “overheated market” which meant that no new contracts were signed in the previous quarter. The company echoed comments made across the market which drew attention to the supply coming into the market in Germany which was threatening [...]

    GHA takes on direct 

    Minor Hotels International has acquired a 10% stake in Global Hotel Alliance, taking a place on the group’s board. The GHA said that it would use the money invested to strengthen its platform, taking on the brands and OTAs for a less expensive, more collaborative take on distribution. Pan Pacific Hotels Group also invested, joining [...]

    Choice adds Book on Google 

    Choice Hotels International has become the first of the global operators to add Book on Google to its distribution. The move came as Fattal listed a number of properties on Airbnb, as the options to sell rooms online continued to broaden. Choice Hotels International’s customers can now complete a reservation online on Google using their [...]

    Spain’s operators look to urban growth

    NH Hotels Group, which is now 91.4% owned by Minor International, said that it was working on a new business plan based on shared synergies. Fellow Spain-based operator Meliá Hotels International used its own results to say that it was expecting strong results from the country’s cities, while anticipating competition from a recovering Egypt. At [...]

    Luxury draws buyers 

    Belmond said it was “encouraged” by the interest that had been shown in its potential sale, as it continued to review the company. The comments were made as the hotels acquired by Värde Partners from Boscolo Group last year were relaunched as The Dedica Anthology. At Belmond, Roeland Vos, president & CEO, told analysts on [...]

    London attracts capital 

    Katara Hospitality has acquired the Grosvenor House Hotel for an undisclosed sum, just over a year after it was acquired by Ashkenazy Acquisition. The deal came as the Reuben Brothers bought a site in Soho to convert into a hotel, underscoring the continued popularity of the capital to investors. The acquisition of the Grosvenor House [...]

    Marriott pulls on combined strength 

    Two years on from the purchase of Starwood Hotels & Resorts, Marriott International said that its combined loyalty programme was helping to drive direct bookings. The company said that it was “conservative” going into the fourth quarter after a weak September, but remained confident about the full year. Arne Sorenson, president & CEO, told analysts [...]

    Owners seek home advantage 

    Host Hotels & Resorts announced that it had sold its stake in its European joint venture, as it sought to focus its efforts on the US. The Reit was joined by Park Hotels & Resorts, which used its third-quarter earnings to reiterate that it was progressing with its asset recycling strategy, while the sector’s other [...]

    Thomas Cook pursues own brands

    Thomas Cook has confirmed the opening of 20 own-brand hotels between now and end of 2019. The news came after the company announced that it had raised EUR40m to invest in hotels around the Mediterranean. The new openings will include six in Spain, four in Greece and three in Turkey, with brands including the company’s [...]

    Booking joins home-share push 

    Booking Holdings said that it would increase its investment to promote homes listed on its platform, as it added additional services for hosts. The comments came as TripAdvisor used its earnings call to report improved fortunes as it launched the “new Tripadvisor” to become the “de facto hub of travel content”. At Booking Holdings, Glenn [...]

    Franchisors in quality drive 

    Wyndham Hotels & Resorts outlined plans to focus on cleaning its portfolio from the bottom up as it looked to build quality. Fellow franchisor Choice Hotels International saw renovations hit revpar in the third quarter, as it too looked to strengthen its estate. Geoff Ballotti, president & CEO, Wyndham Hotels & Resorts, told analysts: “We’ll [...]

    Warnings as investors remain confident

    Investors are continuing to pile into the hotel sector, as warning signs start to be flagged up, notably in the UK market. And the the wash of institutional and international investor cash is driving private equity investors to the eastern parts of the Mediterranean, in the search for decent upside returns. Private equity investors, speaking [...]