News

Hyatt paid $465M for Grupo Piñero stake

With Hyatt Hotels Corp.’s recent 10-K filing revealing it paid US$465 million to acquire a 50% stake in Grupo Piñero, owners of the 22-hotel Bahia Principe all-inclusive brand with properties across the Dominican Republic, Spain, Mexico and Jamaica, come news that Bahia Principe Hotels & Resorts has reaffirmed its commitment to invest €128 million to renovate and upgrade its portfolio.

CapMan launches a new pan-Nordic hotel real estate fund

CapMan launches CapMan Hotels II Fund (“CapMan Hotels II” or the “Fund”) as a successor to its first hotel fund, CapMan Hotels RE, which was launched in 2008. CapMan Hotels II has a long-term semi-open-ended structure. 

Procopiou Takes Full Ownership of Astir Palace Hotel Group

Greek shipowner George Procopiou has finalized the purchase of the Astir Palace Vouliagmeni hotel group, securing 100% ownership. The deal, concluded Wednesday evening, saw Procopiou acquire the remaining 77% stake held by Arab investment funds. This follows his October 2022 acquisition of a 33% share from Turkish group Dogus for €150 million, valuing the complex at €450 million at the time.

Furious Drake busted in luxe Sydney hotel room

Footage circulating online today shows rapper Drake’s apparently furious response as a drone films him in his top-floor Sydney hotel room – but some fans have been left wondering if the whole thing is a set-up.

Greece: Hotel Employees Salaries to Rise 30% by 2026

The Panhellenic Federation of Hoteliers (POX) and the Panhellenic Federation of Employees in Catering and Tourism (POEET) are formalizing a significant agreement. As POX President Yiannis Chatzis announced during their 5th Regional Conference in Corinth, the new National Sectoral Collective Labor Agreement promises pivotal pay enhancements for hotel employees.

Nobu Hospitality Announces New Hotel Openings for 2025

Nobu Hospitality has announced the continued expansion of its global footprint in 2025 – from the highly-anticipated Nobu Hotel Toronto, perched above the historic Pilkington Glass Factory, to the brand’s first foray into Italy, with Nobu Hotel Roma, set on the iconic Via Veneto. 

Aman to launch Bangkok hotel

When Aman Nai Lert Bangkok opens in historic Nai Lert Park it will feature some of the city's largest suites and a medi-wellness centre set across two floors. Rose Dykins reports Aman Resorts is launching a hotel in Bangkok in April 2025.