Issue 2246 - 9 July, 2019

    Red Carnation Edinburgh find

    Red Carnation Hotels has bought the former Royal Overseas premises in Edinburgh. Following renovation, it expects to open the property in 2020 as its nineteenth hotel, reports The Herald. The group says the property will have around 30 bedrooms. It aims to recreate the boutique atmosphere of its other hotels, including one in London’s Royal [...]

    Covivio buys Accor package

    Covivio, formerly FdR, has bought a EUR176m stake in a 32 hotel European portfolio. The largely French properties are all leased to AccorInvest, under Mercure, Novotel, Ibis and Ibis Budget flags. The 32% stake was sold by AXA Investment Managers – Real Assets. Covivio will manage the properties, which are jointly owned by Caisse des [...]

    Radisson heads to Tbilisi

    Radisson Hotel Group has signed to launch its Radisson brand in Georgia. The 200 room Radisson Tbilisi will open in 2021 in the capital, following construction by developer Block Invest. The group already has three hotels in the country with Radisson Blus in Batumi and Tibilisi; and a new Radisson Collection on the Tsinandali Estate. [...]

    Elegant Antigua dispute

    JSN Development, owner of the Hodges Bay resort in Antigua, has terminated a management agreement with Elegant Hotels. The owner alleges breach of contract, accounting and financial disagreements. Elegant signed to manage the 122 room property in 2016, at which time it was due to open in 2017. It has been operating the property, which [...]