Accor has announced that its HotelInvest business has agreed to purchase two real estate portfolios. Representing 86 and 11 hotels respectively (12,838 rooms) for a total consideration of about €900 Million. “These transactions send a strong signal of our capability to rapidly implement the strategy of restructuring the HotelInvest portfolio,” said Sébastien Bazin, Chairman … [Read more...]
InterContinental in play?
No sooner has the unsolicited approach for AstraZeneca by Pfizer quietened down than...IHG is rumoured to be the next major target for a foreign takeover! Although IHG appears a giant in the international hotel industry, there’s always someone bigger or with access to the necessary finance. Shares in IHG have jumped about 6% on rumours that a £6 billion bid may have been … [Read more...]
Hilton Manchester Deansgate appoints Stuart Duff to Executive Head Chef
Affirming its place at the pinnacle of the Northern gastronomic scene, Hilton Manchester Deansgate is pleased to announce the appointment of its new executive head chef, Stuart Duff. The accredited new chef has committed to a no-nonsense, back to basics and tasty future for diners. Stuart brings 16 years as executive chef and a further ten years of culinary experience to … [Read more...]
Redefine|BDL Hotels strengthens market position with Tsogo Sun
Redefine|BDL Hotels, the leading independent hotel management company, has strengthened its position in the industry with the announcement that Tsogo Sun Holdings Limited has invested in a 25% interest in the company. The industry specialist, which has a portfolio of 54 branded and unbranded hotels under management with a turnover in excess of £200 million, has attracted the … [Read more...]
ICMI moves into 3-star hotel market
ICMI, the hotel management firm behind some of the UK’s finest luxury hotels, including Cromlix, The Atholl and Inverlochy Castle, has launched a new operating company aimed at the three-star hotel and private house market. ICMI Lodges & Inns will complement ICMI The Collection to target independent hotels offering value for money accommodation. The team is offering a … [Read more...]