Radisson Hotel Group has announced the opening of the first Radisson branded hotel in Germany. Located in the 800-year-old heart of the Hanseatic university city, directly in the seaport of Rostock, the property is set to open in Q3-2020. The new Radisson Hotel Rostock strategy is to roll out further brands in Germany, and we understand is now a key focus country for … [Read more...]
Lucknam Park Hotel & Spa receives Condé Nast Traveller Award in New York
Lucknam Park Hotel & Spa has been voted second in the ‘Top 35 Hotels in the United Kingdom’ at the Condé Nast Traveller Readers’ Choice Awards 2019. The event was held at the One World Observatory in the World Trade Center, New York earlier this week. The awards are the longest-running and most prestigious recognition of excellence in the travel industry and this is … [Read more...]
UK Latin-American start-up hotel group Selina opens second UK property
Selina, the UK Latin-American start-up, has opened its second UK hotel, SELINA BIRMINGHAM in the heart of the Birmingham’s Jewellery Quarter. Opening next month, the property features 39 uniquely designed private rooms, suites and shared rooms. Selina's first UK opening was only a few months ago in Manchester - Selina, from remote jungles to UK launch in … [Read more...]
Brexit slows hotel deals by a third in 2019, clarity required to restore stability
Figures from PwC analysing recent deal activity in the hotel sector show that for the first half of 2019 total volume for transactions reached £2.6bn, a 35% drop in comparison to the same period in the first half of 2018. There is still however an expectation for continued investment from Europe and the Far East for the remainder of the year, given the relative low value of … [Read more...]
OYO raising $1.5 billion to accelerate US and European growth
OYO Hotels & Homes, the world’s fastest-growing chain of hotels, homes & living spaces, today announced that it is raising $1.5 billion, as part of its Series F funding round. As a part of this round, RA Hospitality Holdings’ will infuse approximately $700 million as primary capital in the company, with the balance $800 million being supplemented by other existing … [Read more...]