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...The majority owner of Motel One Group has taken full control of the budget hotel chain in a transaction that values it at €4.1bn, the latest sign of a return to dealmaking in the hospitality sector following...
...Spain has overtaken the UK as hotel investors’ favourite destination this year, following a series of large hospitality deals in the south European country, according to a survey by CBRE....
...between a traditional insurer and a private capital group....
...it “a very significant transaction”....
...His appointment followed a rigorous process, including a detailed assessment of compensation that was based on a range of factors....
...“A guest is a gift from God” might be a dusty old Georgian proverb but it remains a national mantra....
...Accor has made a push into more upscale hospitality in recent years....
...“I’m planning to write a book about how we are going from an experience economy to a hospitality economy,” Venzin says....
...Microsoft took a board seat and 4 per cent stake in London Stock Exchange Group as part of a 10-year partnership....
...She had a degree in applied mathematics from Harvard, and a few years each at Morgan Stanley and Warburg Pincus under her belt, but zero formal hospitality experience....
...“As with quite a lot of things at the moment in hospitality, the pain falls very unevenly,” he said....
...Data from CGA Insight this summer revealed 61 per cent of British hospitality businesses were experiencing staff shortages and many of those had reduced their trading hours as a result....
...“Ultimately we are a workplace and our policies and expectations are clear: this is a business, and not a place to act in a way that disrupts coworkers or makes them feel unsafe, to attempt to use the company...
...The world’s largest commodity traders are investing heavily in data processing and analysis in a race to develop a technological edge over rivals....
...But it’s really not up to the SEC to decide whether it’s commercially viable or not,” said James Angel, a finance professor at Georgetown University, who filed a letter supporting 24X’s plan....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...It’s a bit formulaic – eye-catching design, decent food, good vibes – but it has been working: Accor, the French hospitality conglomerate, acquired full ownership of the group last year....
...InterContinental Hotels Group aims to double its portfolio in Germany to more than 200 hotels by 2028, through a 30-year franchise agreement with the country’s largest family-run hotel operator Novum Hospitality...
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...Apollo previously submitted a takeover bid of more than $26bn, which would have given shareholders a large cash premium to Paramount’s trading price, but it was rebuffed....
...Those mulling a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...20ft across a San Francisco street....
...When Paul Smith first started running a bar in Stirling, in central Scotland, in 1981, the norm in hospitality was for wages to account for about 10 per cent of sales....
...A person familiar with the matter said the boat was a Westport 164ft yacht being purchased from Fertitta, the hospitality billionaire....
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