The Mercure and ibis Styles brands are driving new UK openings for AccorHotels in 2018, with AccorHotels crediting the popularity of these brands to an appetite for flexibility and local feel amongst hotel owners and franchisees. Six out of seven AccorHotels UK & Ireland hotel openings in 2018 to date were either an ibis Styles or a Mercure, with two further Mercure … [Read more...]
Search Results for: hotel acquisition
Jurys Inn appoints Andrew Shaw as new Head of Development
Jurys Inn, the leading UK and Irish hotel group, is delighted to announce the appointment of Andrew Shaw as its new Head of Development for the Group. Andrew joins Jurys Inn with approaching 30 years of hotel consultancy, brokerage and development experience. He joins Jurys Inn from IHG where he led the UK and Ireland development team and was tasked with growing further … [Read more...]
Coca-Cola to buy Costa Coffee for £3.9bn
Shares in Whitbread have soared today on the news that an agreement has been reached with Coca Cola to buy Costa Coffee for £3.9 billion. Whitbread shares are trading as we publish today at £4,659.00 up 16%. Whitbread who also own Premier Inn, Beefeater, Brewers Fayre and other hospitality and catering businesses had been planning to separate Costa from the business. Plans … [Read more...]
Amadeus accelerates expansion in hospitality sector with $1.52bn agreement to acquire TravelClick
Amadeus has agreed to acquire TravelClick from Thoma Bravo, a leading private equity investment firm, for USD $1.52bn. TravelClick, which is headquartered in New York City, is a leading global hospitality provider that serves more than 25,000 customers across 176 countries. It provides innovative cloud-based solutions, including an independent and mid-size hotel Central … [Read more...]
Novaxia and JO&JOE are going to launch an Open House
Novaxia has completed the acquisition of 61 rue Buzenval and is beginning construction of a new hotel concept, the first JO&JOE Open House within Paris itself. Located in the heart of a young and vibrant district, this is one of 8 “Reinventing Paris” projects that have already begun work. Its aim is to promote mixed-use urban locations in order to better respond to changing … [Read more...]