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...“Spain is flourishing due to record tourism numbers and robust operational performance from the hotel operators,” said CBRE head of hotels for Europe Kenneth Hatton....
...serve to increase hotel room rates and price less wealthy tourists out of visiting the city....
...Netflix was a prominent presence at the vast festival of advertising in its first year at the event, hosting a party in a branded hotel on the seafront and an event with ex-footballer David Beckham....
...Blackstone and Starwood Capital came together that year to buy a portfolio of extended stay properties for about $1.5bn....
...Rival funds from Starwood and KKR continued to limit investor withdrawals as of January, according to public filings....
...I had a quick look at the balance sheets of Blackstone Mortgage and KKR Real Estate (Starwood’s Reit has a slightly different business model, which makes comparisons tricky)....
...Clarke said Mars saw “a lot of opportunity in the sustainable space”, and that Hotel Chocolat’s sustainability credentials were part of what made the acquisition so attractive....
...Hotel Chocolat said in a statement on Thursday that it considered the terms of the deal “to be fair and reasonable” and recommended shareholders back the 375p-a-share offer....
...And finally Leaving on a jet plane . . . The big hotel openings of 2024....
...A combination of Choice and Wyndham would create one of the biggest hotel operators in the world, with over 16,600 hotels and nearly 1.5mn rooms....
...Choice Hotels International has gone public with a nearly $10bn hostile bid for rival Wyndham Hotels and Resorts, after six months of takeover talks to create one of the biggest US budget hotel operators...
...Airfares and hotel prices, two volatile categories which can throw off the data, were both well behaved....
...He is a regular attendee at Cannes Lions, the marketing festival run by Ascential, where last year he threw an exclusive party in a lavish hotel featuring musical artist Lizzo....
...A new “Guest Favorites” feature, which directs users to the 2mn best-reviewed properties on the platform, was launched in November and is aimed at luring more customers away from hotels with its quality...
...Kaplan said the industry’s largest gain was on Blackstone’s buyout of hotel group Hilton Worldwide, which yielded more than $11bn in gains....
...Another model couples a high-end hotel with a members’ club added on top. Well-managed rooms and meals should generate strong returns, raising the value of underlying properties....
...The first European address for the 1 Hotels brand, which Starwood Capital launched in 2015 in Miami’s South Beach and New York, comes through not just with the (quantifiable) eco creds, but also with what...
...AGNC Investment Corp has $51.7bn, The Starwood Property Trust manages $28.3bn, Rithm Capital has $32bn, and the Blackstone Mortgage Trust another $26.8bn....
...They waved frantically to guests at a hotel across the street. “We finally started making . . . the S-O-S sign,” she recalled....
...The online platforms have added capacity and lodging options beyond hotels and have brought people to lesser-known villages and rural areas....
...Hedge funds have lost more than $6bn this year betting against cruise lines and hotels after underestimating the resilience of US consumers....
...Without Airbnb competition, hotels will feel free to raise their rates. Short-term rental costs seem to be drifting up....
...The travel boom is also boosting US long-stay hotels such as Choice, inspiring imitation by the likes of Blackstone and Starwood....
...Calay cited the example of InterContinental Hotels Group which suspended its dividend during the Covid pandemic in March 2020....
...Crans-Montana will join an extensive portfolio that includes Vail Mountain in Colorado, Whistler in British Columbia and three resorts in Australia, together with the RockResorts hotel brand....
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