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...very well positioned,” said Proprium head of Europe Philipp Westermann.Proprium was spun out of Morgan Stanley’s real estate special situations investing team, and has more than $4bn of net assets under management...
...Like F1, the MotoGP business model revolves around broadcast rights, fees from racing circuits, sponsorship, corporate hospitality and merchandising....
...The property could also be of interest to international luxury hospitality groups, they added....
...The catering and hospitality sector is renowned for long hours, low pay and high pressure....
...Dosne and the other students, who are being put through their paces on both sides of the kitchen pass, are just two weeks into their four-year degrees in international hospitality management....
...There have been consequences for specialised masters in hospitality business and management....
...Apollo Global Management of the US bought Wagamama owner The Restaurant Group for £506mn in October....
...IHG also announced an agreement with Novum Hospitality in Germany, which it expects to add almost 18,000 rooms to its system by 2028....
...To find out, I spoke to two people who have followed the issue closely: Amelia Pollard, who covers corporate finance for the Financial Times in the US, and Anjli Raval, the FT’s management editor....
...The legislation has been subject to intense lobbying due to its impact on a vast range of industries from hospitality to logistics....
...The wealth management business was again the powerhouse. 4....
...A group of global institutional investors with a collective $77tn of assets under management, among them Norges Bank Investment Management, Calpers and AustralianSuper, are warning that a proposed overhaul...
...Called Australian Wine Holdco, the consortium also includes asset managers Intermediate Capital Group, Capital Four, Sona Asset Management and Samuel Terry Asset Management....
...It has teamed up with Optimum Asset Management and Credit Des Alpes to raise a €500mn real estate fund....
...But luxury hospitality moves fast. “My goal is to be a purpose-led luxury lifestyle brand,” she declares. “When people ask me, ‘Who are your hotel competitors?’...
...This is roughly a 25 per cent downgrade to management’s expectations, they said....
...Dealmaking in the final quarter of 2023 made it an interesting end to the year for hospitality businesses....
...They include US hedge fund Whitebox Advisors and UK fund City of London Investment Management, which along with Seoul-based fund Anda Asset Management have called on the management of Samsung’s de facto...
...“They have to go further than just hot dogs,” said Philipp Würz, the event’s head of catering and waste management....
...Turqi Alnowaiser, deputy governor at PIF, said the investment reflects the fund’s belief in the “current potential of the hospitality and tourism industry”....
...“Management in hospitality is next level,” he says. “You have to get to know and understand different people [and what] they’re up against.” It also means finding the right job fit for skills....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...When he took over in 2012, “I basically moved in – did every job, worked behind the bar, house-keeping, sales and revenue management....
...Covid-19 continues to play a role in business education: we report on disruptions to hospitality management as customers change their patterns of travel, work and leisure; and the resumption of student study...
...Despite this, management expects full-year trading to be in line with market expectations....
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