Historic Clarence Hotel in Dublin Sold

Specialist lender Leumi UK has agreed a €43 million loan to The Dean Hotel Group for the purchase of the Clarence Hotel, a historic four-star hotel in Dublin's city centre previously owned by members of the rock band U2.
Source: New feed

Wyndham Board of Directors Rejects Unsolicited Proposal from Choice Hotels

Wyndham's Board of Directors, together with its financial and legal advisors, closely reviewed Choice's latest proposal with a nominal value of $90 per share, comprised of 45 percent in stock and 55 percent in cash and determined that it is not in the best interest of shareholders to accept the proposal.
Source: New feed

Elegant Hotel Collection Launches Soft Brand

Elegant Hotel Collection has entered the luxury soft brand market, launching with 25 luxury hotels, targeting 50 properties globally by summer 2024.
Source: New feed