24 November 2025
24 November 2025
Novotel has entered the Seafood Task Force as its first hospitality member, marking a shift in how global hotel groups manage sustainable seafood procurement.
The renovation plans include adding new guest accommodation and leisure facilities, with completion due in 2027.
The transactions include properties in Louisiana and Texas, with completion targeted for late 2025 and early 2026.
The company will evaluate opportunities such as raising capital or a full or partial sale in consultation with stakeholders.
The company will use the proceeds from the transaction to pay down debt, repurchase shares, and fund corporate priorities.
The move will offer digital services, including AI messaging and mobile check-in for guests.
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