HA Perspective 2018

    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 [...]

    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 [...]