AccorHotels announced today that it has finalized the acquisition of John Paul, the number-one player in the concierge market. John Paul founder David Amsellem will retain a 20% stake in the company and continue to serve as its Chief Executive Officer. This acquisition values the company at US$150 million. John Paul was established in Paris in 2007 and merged with American … [Read more...]
Search Results for: hotel acquisition
MEININGER Hotels: Eva Bachmann appointed to the new position of Director Acquisitions and Strategy
MEININGER Hotels has appointed Eva Bachmann to the position of Director Acquisitions and Strategy. In addition, she has also assumed the function of Executive Assistant to the CEO and in both functions works closely together with Hannes Spanring, CEO of the company, from the London office. Strongly involved in all new hotel deals, Eva Bachmann will focus on the strategic … [Read more...]
Cain Hoy Enterprises invests in SBE acquisition of Morgans Hotel Group
SBE today announced a definitive agreement to acquire Morgans Hotel Group in an all-cash transaction, a move that will further strengthen SBE’s position as a global leader in lifestyle hospitality management, entertainment, food & beverage, and development. With the acquisition, SBE will add Morgans’ collection of iconic brands and 13 domestic and international hotel … [Read more...]
Millennium completes acquisition of Beatles inspired hotel
Millennium Hotels and Resorts (MHR) has completed its acquisition of a Beatles inspired hotel located in the heart of Liverpool’s increasingly popular Cavern Quarter. Hard Days Night Hotel, situated on the city’s North John Street, will now become MHR’s 24th property within the UK and Europe. Since its establishment in 2008, the hotel has notably become a destination of … [Read more...]
Acquisition of Hard Days Night Hotel, Liverpool
Millennium & Copthorne Hotels has announced that it has, through subsidiary companies, agreed to acquire a long leasehold interest in the Hard Days Night Hotel in Liverpool for £13.8m in cash, subject to standard purchase price adjustments. The Beatles-inspired hotel, which contains 110 guest rooms and suites, is located within the popular Cavern Quarter of the city. … [Read more...]