China’s largest commercial property company, Dalian Wanda, and a Chicago real estate developer announced they will build a US$900 million skyscraper, the largest-ever real estate investment by
Starwood announced that it is on track to grow its portfolio in the Middle East to 100 hotels by 2020. This follows five new deal signings that will add over
European tourism group TUI has agreed a deal to sell its Hotelbeds unit to private equity group Cinven and Canada Pension Plan Investment Board for 1.191 billion euros in
Italian private equity group Investindustrial has bought a majority stake in the country’s fourth-largest hotel group with a view to expanding in southern Europe.
Investindustrial, which in 2014
A unit of China’s HNA Group has agreed a deal to buy Carlson Hotels, the owner of the Radisson hotel chain, the firms said in a joint statement, continuing
AccorHotels, Europe’s largest hotel group, posted higher underlying sales as robust demand for hotel rooms in most markets overcame a weaker performance in France and in recession-hit Brazil,
Chinese conglomerate HNA has agreed to buy the Swiss airline catering company gategroup for 1.4 billion Swiss francs (US$1.5 billion), with gategroup’s management endorsing the offer.
Starwood Hotels & Resorts Worldwide and Marriott International said the stockholders of the companies voted to approve Marriott’s acquisition of Starwood to create the world’s largest hotel company.
AccorHotels announced the acquisition of onefinestay, a high-end vacation rental company specialising in luxury serviced home rentals worldwide, for 148 million euro and made a further commitment of 64
Marriott International reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, saying it is confident that the previously announced amended merger agreement is the best course for both companies.
