Hints and tips:
...The deal marks the end of CPI Property Group’s ownership of the resort....
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...Marriott International, the world’s biggest hotel company by room numbers, is the relative outperformer, falling just 4 per cent....
...Snyder, a consultant to several Marriott franchisees....
...Capuano said the challenge was “particularly acute” in states such as Florida, one of the markets that has bounced back fastest from the pandemic thanks to soaring demand for resort holidays....
...New gallery spaces ranging from short-term pop-ups to permanent fixtures have followed the money and galvanised trade in resorts such as the Hamptons, Palm Beach and Aspen....
...He held several positions at Marriott before taking the top job, where he oversaw the group’s $13.6bn acquisition of Starwood Hotels & Resorts in 2016, making Marriott the largest hotel group in the world...
...InterContinental Hotel Group announced plans to launch a luxury resort brand last week, while Marriott, the world’s largest hotel group, cited plans to increase its all-inclusive resort offering....
...Within months of his release, Prince Alwaleed sold another hospitality asset, Mövenpick Hotels & Resorts, for cash proceeds of €482m. He will remain a minority investor in Four Seasons....
...Choice Hotels and Wyndham Hotels & Resorts, both of which run budget and longer-stay hotels, are trading on ratios that are twice as high....
...The hotel brands affected included W Hotels, Sheraton Hotels & Resorts and Le Meridien Hotels & Resorts....
...Judge Travis Laster said that Anbang had made extensive changes during the pandemic to the way it ran its hotels, which include New York’s JW Marriott Essex House and San Francisco’s Westin St Francis, moves...
...Then there’s the ownership of F1 itself....
...Shay Segev is quitting as chief executive of Entain, the UK gambling group, after less than seven months amid a takeover battle with MGM Resorts....
...Essex House overlooking New York’s Central Park and Four Seasons and Ritz-Carlton resorts in California....
...Large hotel operators including MGM Resorts, Marriott International, Hilton, Wyndham and Hyatt all granted their senior executives restricted stock or options in late February and March....
...Huawei’s ownership was not a hurdle, said Mr Yang....
...A version of this article was first published by the Nikkei Asian Review on April 13 2020. ©2020 Nikkei Inc. All rights reserved....
...The biggest shift in strategy over the past decade has been away from property ownership. There is a preference to lease or franchise hotels in their respective portfolios....
...They join Starbucks, Marriott, Qantas and Dolce & Gabbana in the line of fire. The hope was that exposure to western business would accelerate China’s move to a consumerist democracy....
...in the UK, where Marriott’s European operations are based, said it was “making inquiries”....
...Bulgari declined to comment on the change of plans or ownership....
...While Club Med opened few resorts in the decade before the ownership change, Fosun has accelerated expansion....
...Born in Morocco, the married father of four moved to France as a teenager, and now holds French, Israeli and Portuguese citizenship, with houses in Geneva and the Swiss ski resort of Zermatt....
...Wyndham Hotels & Resorts said its quarterly revenue per available room jumped 8 per cent, though the company’s 2019 outlook fell short of expectations. Shares were trading about 0.4 per cent lower....
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