Issue 6: 13th February 2017

    HNA quiet on Rezidor leadership

    HNA Tourism Group has released its offer document for the 49.7% of Rezidor Hotel Group’s shares it does not own as a result of acquiring Carlson Hotels. The company said it had not as yet made any decisions relating to Rezidor’s management, one week after appointing Federico González Tejera, the former CEO at NH Hotel [...]

    Loyalty exchange to launch

    Affinity Capital Exchange is launching an exchange allowing hotels, airlines, banks, and hedge funds to trade loyalty points that have been packaged into “point-backed securities”. The move comes as the hotel sector places ever-greater weight on loyalty programmes, while also seeking to make them as easy-to-operate as possible to attract more members. Affinity Capital Exchange [...]

    Brands bond with Budapest

    Hilton Garden Inn, W and InterCity Hotel are among the brands to announce plans to debut in Budapest. The market has seen a steady increase in domestic and overseas travellers, drawn to a market which is hailed for its unique, boutique hotels and spas. At Hilton, the company has signed a franchise agreement with Accent [...]

    London sees new year bounce

    Transactions in London have made a strong start to the year, with Warwick Hotels & Resorts and YTL both making their debuts in the capital. The deals came as JLL and HVS both pointed to demand for deals in the capital, despite a lack of supply and concerns over performance. YTL has acquired Threadneedles Hotel [...]

    Operators continue Airbnb fightback

    AccorHotels is in talks to acquire Travel Keys, the private vacation rental market, for an undisclosed fee. The company joined Marriott International, which is trialling communal rooms, as the sector continues to compete with Airbnb. AccorHotels’ acquisition is expected to close in the second quarter, with Sébastien Bazin, the company’s chairman & CEO describing Travel [...]

    Owners back lighter branding

    Preferred Hotels & Resorts said that it had generated more than USD1bn in reservations revenue for its member properties last year. The news came as Worldhotels was acquired by Associated Luxury Hotels International, as the M&A trend comes to the affiliates. At Preferred Hotels, the company said that the 2016 total of USD1.11bn followed the [...]