Hotel owners say Marriott’s reward program is ripping them off
A group of hotel owners are sick of footing the bill for Marriott customers who cash in their credit card points for discounted stays.
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PRISM adds 38 U.S. Studio 6 hotels
PRISM opened 38 extended-stay hotels across the U.S. under G6 Hospitality’s Studio 6 brand. The expansion expands its presence in business and leisure markets and supports plans to scale hospitality operations globally…
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Father and sons face off in court for €400m hotel group control
The High Court has ruled that a bitter family dispute over control of the multimillion-euro O’Callaghan Collection hotel group must go to arbitration, writes Helen Bruce.
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Punching, Slamming, Screaming: A Chef’s Past Abuse Haunts Noma, the World’s Top-Rated Restaurant
Dozens of former employees say René Redzepi inflicted physical and psychological violence on the staff for years.
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Patience or pretending? Financial stress tests hotel owners’ ability to hold
Kenny Rogers never sang about debt yields or PIPs, yet he still managed to offer some of the best investment advice in the industry: «You've got to know when to hold 'em, Know when to fold 'em, Know when to walk away, And know when to run»…
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Investors watch the Waldorf, waiting for market signal
Five months reopened. Eight years of redevelopment. Over $4 billion invested. More than 1,000 hotel rooms gone. And the world-famous Waldorf Astoria New York is back on the market.
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Prism Expands into Europe with Belvilla Hotels as It Gears Up for a Record-Breaking IPO
Prism, the parent company of OYO, is making significant strides in expanding its footprint across Europe by utilizing its vacation rental brand, Belvilla, to enter the hotel industry. Prism has recently opened three hotels in Germany, signaling…
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Sabre Corporation (NASDAQ: SABR), a leading global travel technology company, today announced a new agreement with Shanghai Fuxun Information Technology Co…
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Lemon Tree and Fleur Agree Strategic Partnership
A reorganisation will see Lemon Tree Hotels and its affiliate Fleur Hotels split ownership and operations, preparing for further growth
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New Hotel Giant Emerges in Hungary as Wing and Accent Form Joint Venture
Wing and Accent Hotel Management have signed a strategic agreement with the aim of operating joint hotel projects in Hungary. Wing brings its real estate development expertise and capital strength to the partnership, while Accent contributes its…
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Transacting brands: Oyo CEO on the thinking behind the G6 Hospitality acquisition
Earlier this year at NYU IHIF we heard from a number of leaders in the hospitality industry on high-profile deals done in the market. The candid conversations covered valuation metrics, strategic alignment as well as the motivations of buyers and…
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A businessman who owns a chain of luxury five star hotels in Oxford has been charged with the murder of his 100-year-old mother. Jeremy Mogford, 78, appeared via video link at Oxford Crown Court today alongside his sister, Sarah Pickering, 71…
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Who will take on Trump branded residences in India?
Trump Residences Gurgaon, launched in May, sold out all 298 units in five hours, developer Tribeca trumpeted on its website. Featuring two 51-story towers, it is the Trump Organization’s fifth branded residences project in India, a market it entered…
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Hotels are one of the most compelling – and misunderstood – asset classes in commercial real estate.
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Why is an illegally built hotel in Benalmádena still standing and remains open for business?
In April 2021, a Supreme Court ruling declared final a judgement ordering the demolition of the building, which has not yet been enforced
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How the 'asylum king' worth £400 million ran Britannia Hotels into the ground
Even if you're disdainful as to the validity of online hotel reviews, customer feedback that contains phrases including 'absolutely dire' and the words 'drab', 'grimy', 'smelly', and even 'disgusting', may give even hardened digital cynics pause for…
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Hotel Miramar ceasing operations at end of October; 108 employees to be laid off
Hotel Miramar Singapore will cease business operations at the end of October, it was announced on Friday (Aug 29), a move that would see 108 employees laid off.
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Four common misconceptions about auctions
As the industry matures, auctions are proving to be a reliable, transparent and effective way to sell more hotels.
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