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 offering.
Officials with hotel real estate investment trust Braemar Hotels & Resorts announced plans to sell their entire portfolio of luxury hotels, setting a termination fee with external advisor Ashford Inc. at $480 million.
Some of the most desirable travel destinations are also the most at risk for climate disasters, and hotel owners — such as Host Hotels & Resorts — have to be strategic about how they manage both their portfolios and the increasing amount of climate risk.
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 brackets and middling job growth.
Japan and India have represented the major success stories for hoteliers across the Asia-Pacific region of late, but those two markets aren't necessarily on the same trajectory.
Even amid a challenged transactions market, Ramel Lee secured the initial capital for his fund's first acquisition and raised the funding before even deciding on the hotel property he would acquire.
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 hotels under international brand flags in Australia and New Zealand.
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 could be converted into a hotel.
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.
Investors who sat in on earnings calls for hotel real estate investment trusts over the past few weeks might have heard a common theme: share repurchases. In fact, the majority of the hotel REITs reported stock buybacks for the second quarter of the year.
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 million).
After a challenging second quarter, it's only natural to want to look ahead — to both put tough times in the rearview mirror and find reasons for optimism.
NASHVILLE, Tennessee — The second day of the Hotel Data Conference arrived with an eye on the future. Hoteliers have hope for demand to recover, but they're pairing that with realistic strategies.
Despite a challenging second quarter and lowered full-year outlook, executives at Apple Hospitality REIT see signs that hotel performance could improve through remainder of the year.
Hospitality real estate investment trust Sunstone Hotel Investors posted mixed results during the second quarter, and it's a case of markets and segments performing very differently, CEO Bryan Giglia said.
Buy, upgrade, expand. That’s the approach of LionGrove, a hospitality investment firm that recently expanded from its base in Puerto Rico to add its first mainland U.S. property in Scottsdale, Arizona — the Adero Scottsdale Resort, Autograph Collection.