Issue 44: 26th November 2018

    Huazhu continues midscale push

    Huazhu announced that it had become “more confident” in its midscale expansion, with rooms in the mid and upscale markets now accounting for 80% of the group’s pipeline. The company said it was trialling growth outside China, with a hotel in Singapore, while commenting that its domestic penetration was still “limited”. Jenny Zhang, CEO, Huazhu, [...]

    Minor to major 

    Minor International described a “transformational year” in which its acquisition of NH Hotel Group paved the way, it said, for it to become a “truly global hospitality operator”. The comments came as the company released its third-quarter results, which did not include NH, in which it said it would continue to pursue organic growth. The [...]

    Rocco reactivates 

    Rocco Forte Hotels has announced five new hotels, four of which will be in Italy, with one in China. The openings were, Sir Rocco Forte said, part of a long-term strategy to have a base in “key cultural centres and European capital cities”. The hotels will join Rocco Forte Hotels under a variety of models, [...]

    Institutions turn up heat on Spain 

    CBRE Global Investment Partners and Pygmalion Capital Advisers are to invest in hotel assets and businesses across Europe. The European Hotel Venture has been launched with a portfolio of nine four-star regional city hotels in Spain, previously owned by the Urvasco construction group. The portfolio included 1,650 hotel rooms located in Seville, Madrid, Bilbao, San [...]

    Hotelbeds buys transfer group

    Hotelbeds has acquired HolidayTaxis group, a transfer specialist, in a deal it said reinforced its commitment to the ancillary distribution space. The agreement came only a few months after Booking Holdings invested USD500m into Didi Chuxing, the China-based ride-hailing group. HolidayTaxis Group is based in the UK and operates 21,000 transfer routes, spanning 150 countries. [...]

    Queensgate linked to Grange buy 

    Queensgate Investments is thought to have entered exclusive talks to buy four properties in London from Grange Hotels. The speculation came as Pentahotels confirmed to us that it was looking for a third-party real estate investor to help drive expansion in “Europe and beyond”. The Grange portfolio attracted a high number of bidders, looking to [...]