Accor says no ‘cracks in demand’ for Q1 earnings
Paris-based Accor posted strong revenue, RevPAR, net unit growth and pipeline numbers as part of its first-quarter earnings.
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Driftwood recapitalizes 18 hotels
Following the $800 million recapitalization for their Space Coast portfolio, this transaction allows for some added leverage and liquidity for investors.
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International hospitality groups expand their presence in Greece
Greece’s leading role on the global tourism map, combined with the relatively small penetration of major foreign hotel brands compared to other developed destinations, continues to attract large foreign hotel management chains…
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Europe investment to ramp up in 2025
Cushman & Wakefield report also finds that 70% of investors expect European hotel values to rise in 2025, with Madrid, Barcelona and Rome preferred.
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Bob W appoints JLL chief to board as operator ramps up EU expansion
Tech-powered hospitality operator, Bob W, has today announced the appointment of Philip Ward, former CEO of JLL’s Hotels & Hospitality Group for the EMEA region, to its Board of Directors.
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A New Era: GHM reveals the evolution of the group
The operator of the renowned Chedi Hotels embarks on a new chapter as Chedi Hospitality. Bringing four decades of experience to the role, Stephan spearheads the group’s bold vision for the future of luxury travel…
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UAE to fund new luxury hotel near Egypt’s Giza pyramids
The UAE will back the development of a five-star hotel near the pyramids in Giza outside the capital Cairo to support Egypt’s tourism, state-run Wam news agency reported.
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US investors in Europe: short or long stay?
With the news that the world’s largest real estate investor, Blackstone, is exploring options to divest Spain-based Hotel Investment Partners (HIP), market watchers might be wondering if the US private equity love affair with European hospitality is…
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Accor’s latest white paper reveals a new era of wellness design in hospitality
Rethinking pools, repurposing salons, and reconceiving adults-only concepts are part of accor’s wellness design strategy set to “make waves” in the global hospitality industry
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Rotana Announces Expansion Plans in KSA
Rotana unveiled its ambitious regional and international expansion plans at the Saudi Tourism Forum (STF)
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Sarovar Hotels bets big on highway properties; 80 projects in pipeline
Sarovar Hotels is expanding its focus to highway hotels and resorts near major cities, capitalizing on India's growing road network. With 80 projects in the pipeline, the company aims to surpass 150 hotels by 2025, adding 15-20 annually…
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Minor Hotels’ remarkable global expansion
In October 2018, Minor Hotels made a transformative leap into the global hospitality landscape with the €2.3 billion ($2 billion at the time) acquisition of Madrid-based NH Hotel Group. This ambitious move added 385 upscale and luxury properties…
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Accor: New Hotel and Resort Openings Worldwide in 2025
Accor continues to innovate and expand its portfolio with numerous openings scheduled for 2025. From luxury rail destinations to seaside wellness retreats, Accor offers a wide range of establishments while emphasizing sustainable development…
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Accor teams with space exploration company Orbite to forge new frontiers in hospitality
Orbite has raised $4 million in series A funding to grow its private luxury astronaut business and develop its Spaceflight Gateway Campus.
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Brands eye opportunities in Turkey
International hotel brands are doubling down on their commitment to open more hotels in Turkey.
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Who Just Snagged 33 Marriott Hotels in the UK? Spoiler: Big Names With Big Plans
Investment heavyweights KKR and The Baupost Group have joined forces to acquire 33 Marriott International hotels scattered across the UK. The portfolio, formerly owned by a subsidiary of the Abu Dhabi Investment Authority (ADIA), is now under the…
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Why hotels need to move from cookie cutter concepts to custom products
Even for the budget hotel sector, the cookie cutter approach of the past is no longer relevant delegates at the Resort & Residential Hospitality Forum in Athens were told.
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Luxury: How to ensure you remain relevant
As the wider hotel sector continues to evolve, the luxury segment is undergoing a metamorphosis of its own. With demand for luxury tourism and hospitality expected to grow faster than for any other industry segment, and with boutique hotels - across…
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