Accor and Polski Holding Hotelowy Group announced a partnership to implement their first joint venture. Next year, Interferie Hotel Medical Spa Świnoujście, operated by PHH Group, will welcome its first guests under the Mövenpick brand from Accor's portfolio.
Source: New feed
Italian Ministry of Economy and Finance and Deutsche Lufthansa AG agree on a minority stake in ITA Airways – Deutsche Lufthansa AG will acquire 41 percent stake in ITA Airways through a capital increase of EUR 325m – with the option to acquire all remaining shares at a later date
Source: New feed
This most recent partnership highlights Hilton’s presence and growth in Saudi Arabia, where it currently operates 16 hotels – with another 51 in the pipeline and plans to grow its portfolio to more 75 hotels in the coming years.
Source: New feed
Own Your Own (OYO), the newest company from Hotjobs.com founder Richard Johnson, is designed to give entrepreneurs the opportunity to open new businesses and revitalize small towns across America, starting with Burgaw, North Carolina.
Source: New feed
Pebblebrook Hotel Trust (NYSE: PEB) announced that on May 24, 2023, it closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to a third party.
Source: New feed
The investments are in select service and extended stay assets and are diverse between healthy cash generating assets mixed with value-add opportunities.
Source: New feed
Deal Would Increase Scale, but Analysts Say Numbers Don't Add Up
Source: New feed
HVS, as the sole and exclusive advisory firm to ownership, present thes opportunity to acquire the 136-key La Quinta Inn by Wyndham, a limited-service hotel asset in Clute, Texas.
Source: New feed
Wyndham Hotels & Resorts, Inc. (NYSE: WH) today announced that it successfully completed the refinancing of its previously outstanding Senior Secured Term Loan B Facility due May 2025. The Company closed on a new $1.1 billion Senior Secured Term Loan B Facility, which will mature in May 2030.
Source: New feed
Accor has signed a management agreement with Kokyo Asset Management Group in partnership with PGIM Real Estate, for a new Novotel in Nara, Japan. Novotel Nara is scheduled to open in Q3 of 2024
Source: New feed