Bringing Together 30 Leading Brands Ensures Marriott Will Have the Right Brand in the Right Place to Serve Guests Wherever They Travel Beginning Today, Frequent Customers Will See Their Marriott Rewards, Ritz-Carlton Rewards & SPG Status Matched Across All Loyalty Programs Bruce Duncan, Eric Hippeau and Aylwin Lewis Appointed to Marriott Board Marriott International, … [Read more...]
Search Results for: hotel acquisition
UK hotels show mixed results in Q2 with subdued trading forecast
Hotel occupancy in London showed its sixth consecutive quarter of year-on-year decline with Brexit poised to subdue the sector further, according to the latest Hotel Bulletin: Q2 2016, published this week by HVS, AlixPartners and AM:PM. Hotel occupancy in the capital, in common with other major European cities, continues to be affected by increased global terrorist activity. … [Read more...]
Birmingham and Bath outperformed the UK hotel sector in Q2
Top-line performance in the UK hotel sector in Q2 2016 varied significantly across the country, according to the Q2 2016 Hotel Bulletin from AlixPartners, AM:PM and HVS. Birmingham and Bath were the top performers in the quarter, with 16% and 11% RevPAR growth, respectively. London, Newcastle and Aberdeen recorded RevPAR decline compared with Q2 2015. Performance in … [Read more...]
Travelodge opens its first hotel in Haverhill by acquiring the Days inn hotel
Travelodge, one of the UK’s largest independent hotel brands announces it has opened its first hotel in Haverhill with the acquisition of the Days Inn hotel - on Phoenix Road, Business Park, Haverhill. This is the fourth mid-market hotel, Travelodge has secured this year. The other properties includes: two Ramada Encore hotels in Milton Keynes and in Chatham and a Days … [Read more...]
AccorHotels to acquire John Paul, world leader in the concierge market
AccorHotels announces today it has begun exclusive negotiations for the acquisition of John Paul, the leading player in premium customer and employee loyalty services. The company’s Enterprise Value should be close to 150 million dollars i.e. a 2017e EV/EBITDA multiple of c. 11X. Accorhotels should acquire about 80% of John Paul, the remaining stake being kept by David … [Read more...]