Issue 41: 1st November 2017

    Whitbread ‘open minded’

    Whitbread CEO Alison Brittain told analysts that the board had “regular” discussions over the company’s structure. The group said it would continue to look to Germany for growth and would invest where required to accelerate this. The comment over structure was made at the company’s half-year results, as it was again facing chatter from observers [...]

    Accor denies ‘mega-merger’

    AccorHotels said that it had no plans for a ‘mega-merger’ funded by its Booster project, in the wake of ongoing acquisitions at the group. The company had no further update on the project, other than to confirm that it was in talks with a potential investor and planned to sign an agreement before the end [...]

    Trivago targets hotels direct

    Trivago has launched Trivago Hotel Relations, a subsidiary which it said would “foster strong direct relationships with independent hotels”. The move came as concerns continued to grow that the role of the metasearch engines was waning in the sector. Johannes Thomas, managing director & chief revenue officer, Trivago, said: “With this step we are accelerating [...]

    Blackstone ups Spanish holdings

    Blackstone has acquired 14 assets from Hotel Investment Partners, giving it a platform of primarily coastal hotels with over 3,700 rooms in Spain. The private equity group is expected to combine the resorts with part of the Banco Popular portfolio it acquired earlier this year. The HI Partners portfolio was sold by Banco Sabadell for [...]

    Regions attract deals, Dream

    The regional hotels market has continued to flourish, with two hotels sold as performance is supported by the weak pound. The deals came as Dream Hotel Group signed its first hotel in the UK, in Birmingham, under its Unscripted brand, to open in 2020. At Stansted airport, developer Urban & Civic sold the Hampton by [...]