SJM Holdings to acquire former gaming space of the Hotel Lisboa in Macau
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Through its subsidiary SJM Resorts, hotel-casino operator SJM Resorts has agreed to acquire approximately 81,000 square feet of former gaming space within the Lisboa Hotel in Macau...
Austrian mountain and ski hotel owner EPH prepares to go public
EPH has signed several resorts this year
Vienna-based hotel owner EPH Group AG plans to list its shares on the Vienna Stock Exchange and has finalized the increase of its share capital ahead of that initial public offerin...
Europe, Middle East and Africa hotel deals and developments: Ruby Group and Primetown Development plan Ruby's Greek debut in Athens
Radisson opens 170-room Radisson Resort Ruža Vjetrova in Dobra Voda, Montenegro
This roundup features the latest hotel deals and developments in the Europe, Middle East and Africa region.
Langham Hotels turns attention back to Europe 160 years after London hotel opening
Upcoming Venice hotel will be Langham's second in Europe
The Langham London opened in 1865 as the city's then-largest hotel. It's taken 160 years and many locations around the world for Langham to return to Europe.
How the US Federal Reserve scrutinizes data as it sets monetary policy
Atlanta Fed exec discusses interest rates, labor and consumer sentiment
NASHVILLE, Tennessee — All eyes are on the U.S. Federal Reserve amid a period of economic uncertainty highlighted by tariffs, consumer spending skewed toward wealthy income bracket...
5 things to know for Aug. 22
Today’s headlines: German economy contracts 0.3% in second quarter; US unemployment claims rise amid static layoffs environment; AI brings new opportunities to hotels, but experts say demystifying the technology is key; Australian rugby star Bill Young acquires Gem Hotel; Irish hotel transactions down 48% year on year
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5 things to know for Aug. 21
Today’s Headlines: EU bank president warns Europe needs to diversify trading partners; Softer UK demand dampens Travelodge hotel numbers; Canada posts highest hotel occupancy in six years; UK councils warned against seeking asylum-hotel injunctions; AAA anticipates cheaper Labor Day travel prices this year
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Aug. 20
Today’s Headlines: Australian conglomerate EVT acquires Pro-invest Hotels; High Court grants injunction on UK asylum hotel; Two-thirds of UK hospitality operating below 85% capacity; Airfare increases see UK inflation near 4% in 17-month high; Transportation chaos expected for Monday Bank Holiday in UK
Editor's Note: Some linked articles may be behind subscription paywalls.
EVT enters third-party hotel management with Pro-invest Hotels acquisition
Deal brings two Sydney-based hotel companies together
Australian publicly listed conglomerate EVT Limited will acquire Pro-invest Group’s hotel-management division, Pro-invest Hotels, which operates approximately 3,200 rooms in 15 hot...
The biggest factors driving US hotel performance amid a period of uncertainty
Bifurcation continues as upper-tier hotels including luxury segment outperform rest of industry
NASHVILLE, Tennessee — Over the past 12 months, U.S. hotels have been hampered by a triple whammy of negative consumer confidence, the effect of natural disasters and hesitancy fro...
5 things to know for Aug. 19
Today’s Headlines: Japan's Nippon real estate investment trust acquires two hotels; Peachtree Group closes $176.5 million loan on Las Vegas Rio hotel; Australian court fines Qantas record sum for COVID layoffs; Eurozone shows June exports surplus of €7 billion; Estimated number of hacked Italian tourists rises to 100,000
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Aug. 18
Today’s headlines: Arora Group acquires Ministry of Justice building in London for £245 million; MCR to take Soho House private in $2.7 billion deal; Analysts appraise share repurchasing trend in hotel real estate investment trusts; IHCL and Madison sign 10-hotel deal in India; Braemar refinances Scottsdale Four Seasons for $180 million
Editor's Note: Some linked articles may be behind subscription paywalls.
Arora acquires £245-million London Ministry of Justice building for likely hotel
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
Arora Group is acquiring an office building 102 Petty France in the Westminster district of London for £245 million ($287 million), which the company's chief operating officer says...
MCR Hotels to buy Soho House, take private in $2.7 billion deal
Membership club Soho House has a portfolio of 46 hotels around the world
Hotel ownership company MCR Hotels plans to acquire the remaining shares in hotel and membership-club business Soho House, a deal that would turn the club into a private entity.
Overtourism on Everest smacks of tourism over-ego
Elsewhere, a Jamaica hotel unveils world’s largest hummingbird statue
The Asian country of Nepal has decided to allow free ascents up 97 of its mountains for at least for the next two years.
Hanwha acquires South Korean Paraspara hotel for 92% discount
Former owner Samjeong collapsed following Busan hotel fire, deaths
Hanwha Hotels & Resorts, a division of South Korean conglomerate Hanwha, has acquired Paraspara Seoul, a distressed resort north of the capital for 30 billion Korean won ($21.73 mi...
Southern Europe hotel performance continues to shine
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
NASHVILLE, Tennessee — The European hotel landscape continues to do well in the southern part of the continent, notably in Spain, said William Anns, analyst at STR, during the late...
Europe, Middle East and Africa hospitality hires and promotions: Jens Gmiat appointed as COO at Ruby Hotels
Dennis Sorensen named general manager of Nujuma, a Ritz-Carlton Reserve in Saudi Arabia
Read the latest roundup of hotel industry hires and promotions in the Europe, Middle East and Africa region.
Amid slowing demand environment, hotel revenue managers seek creative ways to drive profitability
Empowering hotel staff more important than ever for revenue-generating opportunities
NASHVILLE, Tennessee — U.S. hoteliers are bracing for demand declines and tougher year-over-year comparisons in the second half of the year, and hospitality's revenue strategists a...
Indian Hotels Company expands with ANK, Pride and Brij deals
The three hotel firms operate 154 hotels, nearly all in India
Indian Hotels Company Limited, the parent company of Taj Hotels Resorts and Palaces, will acquire 51% of the operations of two Indian hotel firms — ANK Hotels and Pride Hospitality...