IHG PROJECTS $1 BILLION SHAREHOLDER RETURN FOLLOWING STRONG 2023
It aims to grow luxury without neglecting mid-scale business - IHG HOTELS & RESORTS reported a 23 percent increase in profit from reportable segments in 2023, surpassing the $1 billion milestone for the first time…
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In hotel franchise fight, both sides warn of impact on World Cup readiness
Debate about how prepared New Jersey is for the 2026 World Cup final has focused on the beleaguered NJ Transit and MetLife Stadium in East Rutherford, where the match will take place…
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Hilton Reports Fourth Quarter and Full Year Results
Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its fourth quarter and full year 2023 results.
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Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio
Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group…
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Libyan Investment Authority launches hostile takeover of South Africa’s Legacy Hotels
The Libyan Investment Authority, the country’s sovereign wealth fund, has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, following a bitter boardroom fallout, putting a multibillion-rand property portfolio…
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MCR Refinances 16 Hotels for $333 Million
NEW YORK, February 08, 2024--(BUSINESS WIRE)--MCR — the country’s 3rd-largest hotel owner-operator — has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds…
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Inside The Mind Of Hospitality Impresario Sharan Pasricha
As founder and co-CEO of Ennismore, Pasricha turned a small, indie hotel brand into a global hospitality conglomerate now valued at more than $2 billion. Here, he explains his business strategy and management style in a candid, in-depth interview…
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Jackson Hole Mountain Resort, WY, Owners Confirm Sale to Local Investors
The Kemmerer family announced today that it has officially closed the deal for the sale of Jackson Hole Mountain Resort (JHMR), Wyoming, ending a highly successful and transformative 32 -year run of ownership…
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Hotel Industry Investors Cheer Expected Rate Cuts and Improving Fundamentals in 2024
Insurance Costs and Lack of International Travelers Dampen Profitability Expectations - As owners, investors and operators met in Los Angeles for the Americas Lodging Investment Summit, a healthy dose of optimism permeated the conference halls and…
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Entries Now Open For Skift IDEA Awards 2024
Skift Take - Entries are now open for the 2024 edition of the Skift IDEA Awards, the travel industry’s annual recognition of excellence in design, creativity, and innovation…
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Owner Defaults on San Francisco Financial District Hilton Hotel
The InterGroup Corporation is a Delaware corporation formed in 1985, as a successor to Mutual Real Estate Investment Trust, a New York real estate investment trust created in 1965…
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A Norwegian venture into hotel entrepreneurship in Cambodia
In 2003, Norwegian Karl Johan Remoy embarked on a journey. A journey that would take him from being a globetrotting consultant to becoming an entrepreneur in Cambodia’s hotel industry…
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Mastering the art of hotel investment: Crafting an exit strategy
Planning an exit strategy is an essential component of hotel investment that enables investors to align their objectives and goals with a well-defined roadmap for exiting their investment…
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Lake District manor hotel sold after 40 years
Aynsome Manor Hotel has been acquired off a guide price of £1.15m - Aynsome Manor Hotel in Cartmel, Lake District has been sold for £1.15m after 40 years under the same family ownership…
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Hotelier and magician Sarah and James Brown deeply missed
I admit that I have always felt a weakness for great hotels that have been doing exceptionally well for more than a century. Day by day, minute by minute…
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GAW CAPITAL SELLS SINGAPORE’S HOTEL G TO CAPITALAND’S ASCOTT FOR $180M
Gaw Capital Partners has completed the sale of the Hotel G in Singapore to an entity controlled by CapitaLand Group, according to corporate records filed with local authorities…
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Profits at Pettitt’s Talbot hotel and supermarket group Torski tumble by almost €2m
Post-tax profits at the business behind the four-star Talbot hotel group and the long-established Wexford-based Pettitt’s supermarkets fell by nearly €2m as inflationary pressures bite…
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Meet the Icelandic hotel owner who refused to leave evacuated town even as volcano set to erupt
‘The whole of Iceland could erupt at any time’ claims defiant Grindavik hotel owner who has lived in fishing port for more than 50 years - While others fled the earthquake that split the streets of an Icelandic town, one man refused to comply with…
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