Property investment company Depho Estates has acquired the four-star Aldwark Manor golf and spa hotel, near York, from hotel investment company Aprirose, to make a further investment post-acquisition to further enhance and upgrade Aldwark Manor’s rooms and facilities. Aldwark Manor is set in 120 acres of countryside and can accommodate more than 100 residential guests. As … [Read more...]
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Starboard Hotels appoints GM for first London opening in 2020
Starboard Hotels has announced the appointment of the opening General Manager for their new London flagship Hampton by Hilton hotel. The 162-bed hotel, currently under construction, will incorporate a unique listed façade, and is located on Connell Crescent in the Park Royal, Ealing. Scheduled to open in the spring of 2020, the hotel will be Starboard Hotels first … [Read more...]
Goldman Sachs to acquire B&B Hotels from PAI Partners
European private equity firm, PAI Partners has today announced that it has entered into exclusive negotiations for the sale of B&B Hotels to the Merchant Banking Division of Goldman Sachs. PAI acquired B&B in March 2016 and has grown from a strong local player to an integrated hotel platform operating at a pan-European level. PAI has supported the management … [Read more...]
OYO announce acquisition of @Leisure Group
OYO Hotels & Homes, the world's 6th largest chain of hotels, homes, and living spaces has announced today that it has agreed to acquire Amsterdam-based @Leisure Group. @Leisure is a leading vacation rental company in Europe and manages holiday homes, holiday parks, and holiday apartments. OYO will acquire @Leisure from Axel Springer, the media and technology … [Read more...]
OYO continues to spread its wings through global partnership with Hotelbeds and UK growth acceleration
OYO Hotels and Homes operates a network of over 18,000 franchised and leased hotels across 500 cities in 10 countries. The UK, China, Malaysia, Nepal, the United Arab Emirates, Indonesia, the Philippines, Saudi Arabia, and most recently Japan. The business is backed robustly by investors that include Softbank, Airbnb, Sequoia and Lightspeed, and is now investing substantially … [Read more...]