Conversions still key to making development numbers stack up
Soaring construction costs and wary banks across much of the world have led to the growing popularity of conversions among hotel developers.
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What next for the hotel lending market?
During the pandemic and its aftermath, there were very few lenders willing to finance hotels. Today things couldn’t be more different. An abundance of different types of finance includes traditional bank loans, debt funds, institutional investors…
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Tongcheng beefs up its hotel management, as Wanda buys more time
It’s not a match made in heaven, at least according to shareholders of Tongcheng Travel Holdings Ltd. (0780.HK), which last week announced it would buy the hotel management, construction and design business of Wanda Hotel Development Co…
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Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
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THE UK could be about to become home to Europe's biggest theme park, with a deal set to be confirmed next week…
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Record-Breaking $180m Sale: InterContinental Auckland Acquired by Singapore’s HPL
Singapore’s Hotel Properties Ltd has acquired the InterContinental Auckland Hotel from Precinct Properties for what is believed to be the largest ever hotel sale in New Zealand, of $180 million.
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Bankrupt Signa Seeks €370 Million From Sale of Vienna Park Hyatt
Administrators of bankrupt Signa Prime Selection AG are preparing to launch the sale of the Vienna Park Hyatt and adjoining luxury retail premises, including Prada’s flagship store, according to people familiar with the matter…
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Park Plaza Hotel owner refinances £150m in debt
PPHE Hotel Group, the owners of Park Plaza Hotel and Holmes Hotel, has refinanced more than £150m in debt…
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Branson sells Mallorca Son Valenti hotel to top Danish Banker
Kim Fournais, Saxo Bank’s Founder and CEO, has acquired the hotel property, Son Valenti, which spans more than 200 hectares, from Virgin Hotels Collection under the Virgin Group.
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Americans are buying up Britain from right under our noses. Here's why
Steadily the US has taken ownership of thousands of British businesses and brands, while in our daily lives we have become dependent on US suppliers
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ADB sees growing potential of alternative accommodations
MANILA, Philippines — Southeast Asian countries need to legally define alternative accommodations and simplify online registration systems and licensing requirements to strengthen the regulation of the growing sector and maximize its benefits to the…
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