News

Accor sells 30.7% stake in Essendi

In a move to “simplify and strengthen” its business model, Accor has signed a definitive binding agreement to sell its stake in Essendi to a consortium of Blackstone and Colony IM for up to €975 million.

Gordon Ramsay Hell’s Kitchen Opens at London’s Cumberland Hotel

The heat was officially turned up in Marble Arch this evening, as multi-Michelin starred chef Gordon Ramsay welcomed guests to the launch of Gordon Ramsay Hell’s Kitchen at The Cumberland Hotel, marking the long-awaited UK debut of the globally renowned restaurant concept inspired by his Emmy Award-winning television series.

Formula 1 Grand Prix Drives Monaco Hotel Performance to New Highs

Monaco’s hotel sector set new performance records in June, with average daily rate (ADR) and revenue per available room (RevPAR) reaching their highest levels for any month on record, according to preliminary data from CoStar. The Formula 1 Grand Prix was a key factor in the surge.

Paramount Hotel announces partnership with three Broadway shows

Three Broadway shows have partnered with the Paramount Times Square hotel. The hotel has introduced the Broadway Show Package, a bundle that includes a stay at the Paramount, two cocktails at the hotel bar and two tickets to one of three Broadway shows: “Operation Mincemeat,” “SIX” or “Two Strangers (Carry a Cake Across New York).”

Neka Sulaiman to Lead HiLITE’s 1,000 Key Hotel Push

HiLITE Group has appointed Neka Sulaiman as Director of HiLITE Holdings, placing her in charge of the group’s hospitality division as it targets the development of 1,000 hotel keys across Kerala by 2030.

Chedi Hospitality appoints chief asset and investment officer

UAE: Chedi Hospitality has appointed Milos Nedovic as its chief asset and investment officer, a newly-created role for the group. Nedovic joins Chedi from RIKAS Hospitality Group where he held the role of chief financial officer.