12 March 2024
12 March 2024
Steve Clements, director and ESG lead at Barons Eden Group, discusses the company’s sustainable vision, initiatives and challenges.
After a lengthy and contentious tug of war between the two companies, Choice has announced the expiration of its exchange offer for Wyndham’s issued and outstanding shares.
Expected to reopen in late 2024, the rebranded hotel will feature updated guestrooms, suites, redesigned pools and outdoor areas.
Expected to open in FY 2026, the new hotel will feature 40 rooms and cater to both business and leisure travellers.
The hotel chain also reduced its energy consumption by 6.5% in 2023 compared to 2019.
The acquisition will offer a more automated electronic invoice management for hotels, tour operators, and more.
The property will be managed by Compass Hospitality, a hotel company with operations in Bangkok and the UK.
The transaction is expected to be finalised shortly and could result in additional annual net profit of Dh100m ($27.2m).
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