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
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
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
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
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
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,
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
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
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
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
