Private equity firm Blackstone Group has secured approval from the Indian court to...
- Marriott International completes acquisition of Elegant Hotels Group
- India-based EaseMyTrip plans expansion into US and Europe
- Dimension Development expands portfolio with Doubletree by Hilton Hotel New Orleans
- Oyo, MakeMyTrip, Goibibo face competition probe in India
- The Postcard Hotel to open for business in Sri Lanka and Bhutan
Hilton Grand Vacations suspends US sales operations due to COVID-19 pandemic
Hilton Grand Vacations (HGV) has announced that it has chosen to suspend its US sales operations due to the growing number of travel restrictions being implemented across the country because of the COVID-19 (coronavirus) pandemic.
Chatham Lodging Trust announces plan to mitigate COVID-19 impact
Chatham Lodging Trust, which owns 134 hotels wholly or through joint ventures, has announced its plans to implement measures to address the operating and financial impact of the COVID-19 (coronavirus) pandemic.
COVID-19: Marriott Vacations to close sales centres and resorts in North America
Marriott Vacations Worldwide has closed all of its North America sales centres for two weeks effective 23 March 2020 in the wake of travel restrictions and restrictions on business operations due to the COVID-19 pandemic.
Recovery of luxury hotels in Mauritius may be prolonged if pricing power is sacrificed
Mauritius had the highest RevPAR globally in 2019. Between 2019 and 2023, RevPAR growth was expected to see a CAGR of 9.5% prior to the Coronavirus outbreak. This is likely to now be significantly decreased due to the impact of COVID-19.
Pebblebrook Hotel Trust completes sale of two hotels for $331m
Pebblebrook Hotel Trust has completed the sale of InterContinental Buckhead Atlanta and Sofitel Washington DC Lafayette Square for $331m.
SuitePad Strengthens Sales Department with New Vice-President of Business Development
SuitePad has strengthened its sales team with the appointment of a new vice-president of business development, Rob Zijl.
Blackstone Group receives court approval to buy Trident hotel in Hyderabad, India
Private equity firm Blackstone Group has secured approval from the Indian court to buy Trident hotel in Hyderabad for $81.7m.
Marriott International completes acquisition of Elegant Hotels Group
US-based multinational diversified hospitality company Marriott International has closed the acquisition of Elegant Hotels Group for $130.1m.
American Hotel Income Properties closes acquisition of 12 Premium Branded hotels
American Hotel Income Properties REIT has completed the acquisition of 12 Premium Branded hotels for $191m.