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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...
...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...
...Chadha’s investment group KRC Capital did not immediately respond to requests for comment....
...Canary Wharf Group declined to comment....
...Like F1, the MotoGP business model revolves around broadcast rights, fees from racing circuits, sponsorship, corporate hospitality and merchandising....
...As a result, Canary Wharf Group has sought to diversify the estate from its traditional focus on financial services offices by adding residential buildings, hospitality venues and retail outlets....
...The deal is the latest in a recent wave of private equity groups returning to the hospitality and leisure sector....
...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...
...The catering and hospitality sector is renowned for long hours, low pay and high pressure....
...“As with quite a lot of things at the moment in hospitality, the pain falls very unevenly,” he said....
...But the CEO of the EHL group otherwise epitomises its modernisation....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...group Arsenale....
...“It has trebled in the time I’ve been in hospitality,” says Smith, managing director of Castle Leisure Group....
...I wander outside and look for the nearest group of people queueing. It doesn’t take long to find one. This early in the day it can only mean one thing: freshly baked bread....
...“That more celebratory, participatory kind of drinking is trending,” says Tyson Buhler of US hospitality drinks group Gin & Luck. “Get guests involved and it helps everyone let their guard down.”...
...This is destination hospitality writ large (as hospitality often is in Dubai), with a phalanx of celebrity chefs – among whose ranks are Martín Berasategui and Paris’s favourite enfant terrible (and sometime...
...One example is Hawksmoor, a group of high-end steakhouses mostly in London....
...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....
...Chief executive Brian Duffy said consumers had focused their festive spending on areas such as fashion, beauty, hospitality and travel....
...The annual study uses data from groups representing record labels, artists and publishers....
...It is still headquartered there, although the Hinduja Group has grown to be a global conglomerate employing some 200,000 people....
...“The wet weather has been a key factor in the slowdown in discretionary spending, as it’s meant fewer visits to the high street and to hospitality venues,” said Karen Johnson, head of retail at Barclays....
...Hollywood Bowl Group, which is the country’s biggest bowling operator with 65 bowling venues in the UK and ongoing expansion in Canada, reported revenues of £215.1mn in the 12 months ending September 2023...
...Some destinations include two days of racing, in a nod to the group’s focus on sustainability....
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