Japan-based Seibu Prince Hotels Worldwide is buying Ace Group International, parent company of the Ace Hotel brand and in-house creative agency Atelier Ace, for $90 million.
Real-estate investment firm Vastint has announced it is putting a United Kingdom hotel portfolio of Marriott International-branded hotels up for sale, a portfolio it values at £500 million ($672 million), or approximately £151,000 ($203,000) per key.
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.
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.
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 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 latest episode of “The Upgrade: EMEA Hospitality News” podcast.
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 are on the front lines.
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 — from fellow Indian hotel firm The Clarks Hotels & Resorts.
In sharp contrast to some of the other public travel companies' earnings calls, Expedia Group raised its 2025 guidance after posting growth across performance metrics in the second quarter.
With Hyatt Hotels Corporation having spent years transforming from a heavy real estate investor to a largely fee-based branding business, Hyatt CEO Mark Hoplamazian believes his company has reached an "inflection point" and has set the stage for outpacing the rest of the hotel industry in growth.
