Amsterdam-based hotel group, Europe Hotels Private Collection (EHPC), founded and owned by Liran Wizman, has announced the acquisition of the management of Hotel Omm in Barcelona. The property, owned by Rosa María Esteva, co-founder of Grupo Tragaluz, will be converted into a Sir Hotel, EHPC’s design-led, lifestyle hotel collection. “Rosa created a truly iconic hotel and I … [Read more...]
Search Results for: hotel acquisition
AccorHotels acquires Adoria
AccorHotels announces the acquisition of Adoria, the SaaS platform that enables the catering industry to optimize supply management. Founded in France in 2003, Adoria is used by 2,700 organizations (30 catering groups) and brings together 300,000 active users and more than 800 manufacturers and distributors. Adoria offers centralized solutions for managing tendering, … [Read more...]
AccorHotels acquires Mövenpick Hotels & Resorts
AccorHotels has today announced that it has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels & Resorts, for a cash amount of CHF560 million (€482 million). The transaction implies a 14.9X 2019e EBITDA multiple before synergies (including transaction costs), and less than 10X pro forma 2019e EBITDA after run rate synergies and … [Read more...]
AccorHotels Q1 Results
Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels, said: “In line with the good trends of 2017, business remained strong in the first quarter in the vast majority of regions. Europe and Asia, our two key markets, continue to benefit from a buoyant environment. Our development continues at a sustained pace. At the same time, our new businesses are taking … [Read more...]
An exciting new future for Teignmouth hotel
An historic Teignmouth hotel which specialises in holidays for people with sight loss is today celebrating after its future as a much loved seaside hotel is finally secured. Starboard Hotels has taken over ownership of the 47 bedroomed Cliffden Hotel from the charity Guide Dogs after it was brought to the market last year by GVA under the Vision Hotels brand with an asking … [Read more...]