Bain takes stake in struggling French group
Les Hôtels de Paris now has the capital and plan in place to settle its liabilities and finance development.
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For god’s sake, spare me from business hotels with personality
A behind-the-scenes look at the work of Rutherford Hall, critical communications strategist
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Hotel projects: to convert or not to convert? What you need to know
Converting different asset classes into hotels continues to prove attractive to the hospitality market, for example in destinations where new construction is limited.
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Hotels remain bright spot as Germany craves stability
The collapse of Germany’s government the day after Donald Trump was elected US president was an unexpected footnote to a week of political upheaval.
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One Blackpool hotel group told me in 12 months they paid £800k in commissions to Booking.com
Hoteliers and B&B owners have raised concerns over the business practices of Booking.com in Blackpool…
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Paris hotel operators cut prices in last-ditch attempt to lure Olympics travelers
With the Olympics underway in Paris, hotel operators made a final push to lure last-minute travelers, lowering prices and dropping minimum stay requirements after some people balked at what they saw as price-gouging prior to the games…
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Menu Price Increases Need a Quick Reverse Course
When industry people get together to talk about hospitality there is never any shortage of enthusiasm. Topics of discussion often include new methods, advancements, current concerns, and directional advice, but how do you know what to accept as…
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Luxurban hotels CEO and CFO buys $200k in company stock
In a recent move that has caught the attention of investors, Shanoop Kothari, the CEO and CFO of Luxurban Hotels Inc. (OTC:LUXH), has made a significant purchase of company stock. The executive acquired 800,000 shares at a price of $0.25 per share…
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Hilton has grand visions for the small NoMad brand
Hilton provided some color about its acquisitions of Graduate Hotels and NoMad Hotels during its Q1 earnings call Wednesday.
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2024 investment volumes for European hotels to be significantly ahead of last year, says Savills
According to Savills latest research, investment volumes for European hotels this year are expected to significantly surpass 2023’s numbers.
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Increased investor interest spur property deals particularly for hotels
KUALA LUMPUR: Increased investor interest is leading to an increase in property deals, particularly for assets such as hotels in the hospitality industry.
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Shangri-La pares losses; hotels, mall, and apartments generating billions
Hong Kong-based luxury hotels owner and operator Shangri-La Asia Ltd, which owns hotels in Colombo and Hambantota, and a mall and apartments on Galle Face, has reported a US$1.9 million loss for the year ended December 31, 2023…
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7 trends the hospitality industry should be talking about today and tomorrow
It’s been a choppy ride for the hospitality industry from the onset of the COVID-19 pandemic to the present. While most markets have regained a positive footing, there are several key changes.
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2024 Budget Planning: What Is Top of Mind for Hotel Owners & Operators? - By Michael Grove
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers.What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached…
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