Minor International plans 2025 formation of REIT
Chairman says firm wishes to halve its $7.3 billion liabilities
Bangkok-based Minor International, a global hotel owner and brand operator, is planning to launch a real estate investment trust in 2025.
As Chinese tourists travel internationally again, their desires have changed
Western markets must understand Chinese social media
LONDON — Chinese travelers are returning to Western Europe and other destinations, but their preferences look quite different from before the pandemic.
5 things to know for Nov. 18
Today’s headlines: Bank of England governor calls for closer European Union ties; Hundreds of Marriott employees to be laid off in January; UK, Ireland hotels filling up ahead of Oasis' 2025 tour; Caribbean hotel metrics stabilizing despite boosted luxury demand; Trinity, Oaktree and Partners acquire The Standard, London
Editor's Note: Some linked articles may be behind subscription paywalls.
Hotels and writers have always been linked
Dutch brand Zoku has named its first writer in residence
Hybrid hotel-coworking firm Zoku, which has four hotels in Amsterdam, Copenhagen, Paris and Vienna, has hired Matthew Parsons as an official writer in residence in Paris.
Madrid’s Hotel Miguel Ángel sells for 2024 Spanish record of €210 million
Currently closed, the hotel has been subject of several bids this year
Geneva, Switzerland-based investor Stoneweg Hospitality and joint-venture partner, Canary Islands-based owner-operator Lopesan Hotel Group, have acquired the 241-room Hotel Miguel ...
Loadstar Capital acquires three Tokyo hotels for close to $40 million
Japan-based investor earlier picked up six hotels from Hiramatsu Hotels & Resorts in March
Tokyo-based Loadstar Capital K.K. has a deal in place to acquire three hotels in Greater Tokyo.
KKR, Baupost acquire 33-hotel UK portfolio for £900 million from Abu Dhabi Investment Authority
All of the hotels are Marriott-branded
New York City-based KKR & Co. Inc and Boston-based Baupost Group bought a 33-hotel portfolio from the Abu Dhabi Investment Authority.
Taj parent soon to take over New Delhi’s Claridges
The first hotel I stayed at in India was brash introduction to Indian weddings
I recently wrote about Indian Hotels Co. Ltd., ICHL, having bought a majority share in Indian lifestyle-hotel firm Tree of Life.
Dalata continues portfolio push with €83 million Dublin Airport hotel acquisition
Irish firm plans to have 21,000 hotel rooms open or in development by 2030
Irish hotel firm Dalata Hotel Group signed an agreement to purchase the 229-room Radisson Hotel Dublin Airport for €83 million ($90.5 million).
Europe, Middle East and Africa hotel deals and developments: Hilton, Taiba Investments to open Waldorf Astoria in Saudi Arabia in 2028
IHG Hotels & Resorts sign two Italian hotels with owner Gruppo Statuto
This roundup features the latest hotel deals and developments in the Europe, Middle East and Africa region.
Taj Hotels owner acquires majority stake in India’s Tree of Life hotel brand
Seller Ambuja Neotia has a long history of development and ownership with Taj
Hotel owner and operator Indian Hotels Company Limited, whose holdings include luxury brand Taj Hotels & Resorts and economy brand Ginger Hotels, acquired the majority stake in Ind...
The players in Italy's hotel investment and development scene
Italy has more €1,000-per-night hotels than any other European country
ROME — Hotel development in Italy is beset with well-meaning bureaucracy and regulations centered on heritage and building conservation.
Italian hotel landscape on brink of branded, third-party management eruption
Stronger owner-brand relationships will be key during transition
ROME — Italy is a country of family hotel owners and operators, but change is in the air as domestic and international hotel brands gain more footing.
Albilad Capital acquires Riyadh Mövenpick for $266.7 million
Hospitality property in Saudi Arabia's capital has 269 hotel rooms and 90 residences
Riyadh-based investment bank Albilad Capital acquired the 269-room Mövenpick Hotel & Residences Riyadh for approximately 1 billion Saudi Arabian riyals ($266.7 million).
Surge in Japanese hotel acquisitions reflects weaker yen, international travel demand
US travel numbers to Japan on the rise; flights from Europe hindered by no-fly zones
Investor appetite, strong tourism demand and weaker currency values are driving hotel transactions in Japan.
This UK tax-heavy budget will not please everyone, and cannot
Extra costs to hoteliers will see wage increases suffer
There has been a great deal of concern from hoteliers and those representing them in the aftermath of the Oct. 30 United Kingdom budget, the first to have been delivered by the rec...
5 things to know for Nov. 1
Today’s headlines: TPG Angelo Gordon and Kenedix acquire Tokyo Grand Nikko for $692 million; Hyatt’s record pipeline tarnished by unwilling brand-standard owners; Boeing union urges strikers to return to work; Romero takes up luxury development role at Minor; Related and partners to bring St. Regis to Fort Lauderdale
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Oct. 31
Today’s Headlines: Death toll from Spanish flooding reaches triple figures; Hoteliers react negatively to UK budget; US hotels perform well in latest weekly results; Brigade latest Indian hotel firm to seek IPO; Choice and Faranda sign 700-room Spanish hotels deal
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Oct. 30
Today’s Headlines: Catastrophic flooding hits Valencia region of Spain; Reuben Brothers acquires W South Beach for $400 million; US Travel praises improvement in US visa processing; Italy's hotel investors assess risk as transactions pace picks up; Extended-stay US hotel performance down but better than other segments
Editor's Note: Some linked articles may be behind subscription paywalls.
UK budget changes to insurance costs and taxes will affect hotels
Hospitality industry likely to see minimum wage hikes, higher insurance costs
The United Kingdom government has released its 2024 budget, the first one delivered by the Labour Party in almost 15 years.