Ownership change at Grand Metropolitan Hotels Group
Gravity Capital Hong Kong has become the new shareholder of Grand Metropolitan Hotels Holding B.V., marking the conclusion of the former joint venture structure with VZB.
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Asset-light only works if someone else owns the asset. And that’s the concern.
Sometimes, it’s the most obvious thing that is overlooked. For all the talk in the hotel industry around asset-light this and asset-light that, there is the other side: somebody has to hold the asset to make it all work. And it took an asset-light…
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Private equity circles resilient extended stay and hybrid sector
Private equity’s next big bet in hospitality real estate looks increasingly to be taking shape around extended stay, co-living, and hybrid lodging, a set of subsectors that until recently were peripheral to the core hotel and hospitality business…
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Dubai Overtakes Las Vegas With Surge in Hotel Rooms
The two cities have much more in common than meets the eye—including an eye-popping number of hotel rooms. But Dubai is racing ahead in more ways than one.
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Where to look for hotel supply (and why)
Nordic-focused private equity investor Slättö recently announced plans to expand its hospitality portfolio by acquiring a run down, 1960s office building. The property purchased, a sombre concrete and green glass monolith, was occupied by the…
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Hospitality maintains investment case amid bond yield volatility
The prospect of interest rate cuts around the globe has cheered real estate and bond investors in equal measure. While hospitality investors see lower capital costs supporting further investment activity and asset values, for bond backers, fixed…
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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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Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel
Defaulted Chinese developer Shimao Group Holdings Ltd. has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s airport by a quarter, according to a person familiar with the matter…
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