Travelodge has today announced the appointment of its new Property Director, Steve Bennett. Bennett takes on this key role within the business as the company seeks to open 100 new hotels across the UK over the next five years. Bennett brings a wealth of experience in driving value from large property portfolios and in delivering high volumes of new site expansion. He joins … [Read more...]
Search Results for: hotel acquisition
GFH Capital acquires 12 Hilton and Marriott hotels
GFH Capital has announced that it has acquired a portfolio of twelve premium branded US hotels located in California, Connecticut and New Jersey for $250 million. These hotels are premium branded with all being Hilton and Marriott hotels. The Portfolio benefits from number of key considerations including the defensive nature of the select-service segment. The Portfolio has … [Read more...]
Hamilton and Pyramid merger brings £5.3bn of hotel assets into combined management
The Boards of Hamilton Hotel Partners, an independent London-based hotel management and investment firm, and Pyramid Hotel Group, a privately-owned full-service hotel and resort company based in Boston are delighted to announce today that they have completed a transaction that involves the merger of the two businesses. The merger will create a leading international group that … [Read more...]
Marriott acquires London listed Elegant Hotels Group for $130 million
Marriott International has announced its acquisition of London listed Elegant Hotels Group for $130 million, which sees Elegant now wholly owned and operated by Marriott International. Elegant Hotels Group previously operated nine resorts in the Caribbean, including seven luxury freehold hotel properties and the beachfront restaurant, Daphne's, on the island of … [Read more...]
Singapore’s UOL Group US$50 million acquisition strengthens hospitality brand footprint
Singapore’s UOL Group have announced the acquisition of a 154-key hotel in Tower 2 of Thamrin Nine in Jakarta, Indonesia for a purchase price of US$50 million from PT Putragaya Wahana. The hotel, which is under construction, will be branded as Pan Pacific Jakarta. This follows from an earlier announcement in July 2018 stating that UOL had acquired 180 apartments to … [Read more...]