Issue 43: 20th November 2018

    A&O makes Spain move

    A&O Hostels has bought its first property in Spain, to build a 750-bed hostel in Barcelona, due to open in 2021. Generator Hostels also announced a new site, in the US, as the hostel sector continued to flourish after the recent spate of M&A bought it to investors’ attention. At A&O, the Berlin-based budget group [...]

    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 [...]