Hospitality Industry News
Heathrow hotel gets go-ahead
The Arora Group has been granted planning permission to develop a hotel at London Heathrow. The hotel, which will have 298 bedrooms, will be directly linked to The Queen’s Terminal, Terminal 2.
Holedo
Hospitality Industry News
Kimpton Hotel set for Paris
InterContinental Hotels Group announces plans to open the first Kimpton hotel in Paris. Located near the famous Paris Opéra, the hotel is set to open in 2020. The building will be fully transformed with Kimpton’s signature “bold and playful design” to feature 149 guestrooms including 27 suites. Kimpton Hotels
Hospitality Industry News
Japan hotel assets being sold off
US buyout firm Bain Capital is selling part of its Japan hotel assets through a real estate investment trust initial public offering in Tokyo that may raise nearly 20 billion yen (US$190.35 million), sources familiar with the matter told Reuters. Bain joins other property investors who are cashing
Hospitality Industry News
Terror attacks hit Accor profits
Accor, Europe’s largest hotel operator, said first-half profit fell 4 percent after terrorist attacks in France and economic difficulties in Brazil hurt travel in those countries. Earnings before interest and taxes dropped to 239 million euros (US$263 million), the Paris-based owner of the Sofitel and Ibis brands said
Hospitality Industry News
Japan firm aims to double Airbnb returns
Star Mica, a Tokyo-listed real-estate company founded by an ex-Goldman Sachs Group banker, plans to double returns from apartments using Airbnb to house tourists from abroad, Bloomberg reported. The company owns about 2,500 apartments mostly in Tokyo, and is considering renting some of them to overseas visitors from as
Hospitality Industry News
Accor in talks to buy concierge provider
AccorHotels has entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb, Reuters reported. Under the terms of the deal, AccorHotels – the world’s fifth-largest hotel group – will acquire 80 percent of John Paul for about US$150 million in
Hospitality Industry News
Hilton Worldwide profit up 48 percent
Hilton Worldwide Holdings reported a 48 percent jump in quarterly profit, helped by higher room rates and occupancy at its hotels. Net income attributable to shareholders rose to US$239 million, or 24 cents per share, in the quarter ended June 30 from US$161 million, or 16 cents per
Hospitality Industry News
1.3 billion bid for London’s Grosvenor House
A UK multifamily office and two Middle Eastern partners submitted a US$1.3 billion bid for London’s Grosvenor House hotel and majority stakes in New York’s Plaza and Dream Downtown hotels to majority owner Sahara India Pariwar, controlled by once-jailed Indian businessman Subrata Roy, Bloomberg reported. The
Hospitality Industry News
Schwall named GM in Langkawi
Thomas Schwall is named general manager of The St. Regis Langkawi. A French national, he joins after completing a four-year tenure in New Caledonia, where he opened the Sheraton Deva Golf & Spa Resort in the French Pacific as general manager.
Hospitality Industry News
Aloft to open in Melbourne in 2019
Starwood signs an agreement with Spotlight Group Holdings to debut its Aloft brand in Melbourne. Slated to open in early 2019, the new build 176-room hotel will form the centrepiece of a mixed-use development located at 402 Chapel Street in South Yarra, known as 402 Chapel. “The brand continues to
Hospitality Industry News
Upgrade for London Sheraton hotel
Sheraton Hotels & Resorts announces the designation of the Sheraton Grand London Park Lane, welcoming it to the brand’s premier tier of hotels recognised for their “enticing destinations, distinguished designs and excellence in service and guest experiences”. 1 Sheraton Grand London Park Lane Joining 32 other Sheraton Grand properties
Hospitality Industry News
Adelson optimistic on Macau
Sheldon Adelson is optimistic recreational gamblers and tourists are spurring a recovery in Macau’s hard-hit casinos industry, as Las Vegas Sands Corp reported mass-market gaming revenue in the Chinese city rose in June for the first time in two years, Bloomberg reported. Casino stocks have rallied in the past