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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...
...Arabia’s Public Investment Fund bought a 49 per cent stake in Sir Rocco Forte’s luxury hotel group in December with plans to double the chain’s size over the next five years with new hotels in the Middle...
...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...To highlight its partnerships with private sector investors, the World Bank hosted a panel with Hassanein Hiridjee, chief executive of Axian Group — a $1.6bn investment group with a focus on Africa — and...
...Banga is already trying to deliver....
...HOLD: InterContinental Hotels Group’s (IHG) The company launched a new share buyback programme and raised its dividend as leisure travel demand remains strong, writes Christopher Akers....
...In his first month in this role, Banga launched the World Bank’s Private Sector Investment Lab, a working group of 15 chief executives focused on increasing climate-related investment in emerging markets...
...Spain has overtaken the UK as hotel investors’ favourite destination in Europe according to a new survey. The hospitality sector is enjoying a revival of dealmaking as it recovers from the pandemic....
...be fraught with risk for the hotel group....
...Investors are buying up European travel, retail and luxury goods shares, betting that a rebound in the region’s economy will tempt consumers to spend on more on holidays and expensive items....
...Due to open January 15, doubles from $670, hotelcasalucia.com Melbourne Standard Hotels, the chain originally founded by André Balazs in Hollywood in 1999 (with investors including Leonardo DiCaprio and...
...imports pile up (FT) AstraZeneca’s Pascal Soriot ‘massively underpaid at £16.9mn, says top shareholder (FT) Google expands in-house chip efforts in costly AI battle (WSJ) Hotel chain Motel One valued...
...class among investors....
...“It’s much easier to just stick to the hotels.”...
...Investors were nervous that YouGov would bear the brunt of squeezed technology budgets in 2023, and the group’s valuation suffered as a result....
...He holds a “small stake” in the group....
...The hotel group’s luxury and lifestyle division accounted for 43 per cent of revenues last year, up from 39 per cent the year before....
...The prosecutor is probing Liverpool-based Signature Group, which bought up historic UK buildings to convert into luxury hotels and apartments before falling into administration, over suspicions it defrauded...
...The UK group hosted a party at the five-star Mandrake hotel in central London at which two people who appeared to be wearing thin bodysuits lay on a long table with plates of sushi on their bodies, the Financial...
...The group had the backing of the majority of shareholders present for the vote....
...Other nonprofit groups have been far more critical....
...Blackstone Group’s $60bn property fund met all of its investors’ redemption requests in February, marking the first time it did not limit such withdrawals in more than a year....
...Travel groups must negotiate with local authorities to ensure other facilities remain open. School holidays pose a problem....
...Private investors in the US especially like converting office buildings bought at a discount from developers unable to service loans, due to rising interest rates, or properties from hotel and motel companies...
...Ajay Banga, president of the World Bank, told the Financial Times that “the intellectual argument” about carbon credits was holding back progress....
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