The much-speculated sale of Radisson Holdings, which includes Radisson Hospitality, was confirmed in a company announcement today. The deal is expected to close by the end of the year.
In this roundup of news from Europe: AccorHotels sells a further 7% of its AccorInvest portfolio; IHG sees RevPAR boost and tops 650,000 rooms; and more news from the continent.
Marriott International seeks unprecedented growth across all segments in Europe by consolidating its luxury lead and seeking to dominate the budget and midscale landscape, notably via its Moxy brand. In the process, the group will be adding assets, by encouraging hotels to switch brands.
InterContinental Hotels Group executives said the company is expanding in China via its Franchise Plus platform and is growing both organically and through bolt-on acquisitions from recently embedded brands across all its segments.
Concerns about how well a FIFA World Cup would perform in Russia were somewhat alleviated by the success of hotels during the tournament, according to hoteliers and STR data.
Hotel News Now recaps the second day of the HotelsWorld conference with takeaways, quotables and more highlights from the event.
Hotel investment in the United Kingdom appears to have turned a corner and surpassed the opportunities in mainland Europe, with new investors stepping in to replace private equity.
Hotel developers want the right demand generators when getting involved with a mixed-use project, so it requires a careful approach when considering the types of real estate that could be paired with the hotel.
Data from STR and Magma Hospitality Consulting shows that Spain has seen a surge in investor interest despite political challenges in Barcelona.