2023 European Hotel Transactions, Hilton acquires controlling stake in Sydell Group to expand NoMad Hotels and more...

2023 European Hotel Transactions
Thursday, 4th April 2024

High cost of borrowing contributes to 19% fall in European hotel transactions in 2023, reveals HVS survey, high inflation and interest rate rises had a major impact on the European hotel investment market last year.

Transaction volume across Europe reached €10.7 billion, with 388 hotels* changing hands – and an average price per hotel that was 9% lower than in the previous year, although significantly ahead of the transaction volume in the years following the global financial crisis >>

Hilton acquires controlling stake in Sydell Group to expand NoMad Hotels
4 Apr 2024 : Hilton announced it has acquired a majority controlling interest in Sydell Group to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world >>

Hyatt expands The Unbound Collection by Hyatt
4 Apr 2024 : The history infused Fordson Hotel marks The Unbound Collection by Hyatt brand’s first foray into the Sooner State >>

IHG grows voco brand in South Korea
4 Apr 2024 : IHG Hotels & Resorts is proud to announce the signing of voco Seoul Myeongdong in partnership with Gravity Asset Management’s Seoul South Gate Hotel Operations Company and Hotel HDC Co, Ltd >>

HIGHLIGHT ARTICLE

Invest in Transparency and Collaboration with Hotel Owners
Thursday, 4th April 2024

As a management group, our goal is to optimize the revenue generated by an owner’s asset, full stop, but there are quite a few ways to get from point A and point B.

Some organizations take a very hard-line approach when it comes to how they work with their owners, adopting a mentality of 'You know, you hired us to do the job. So let us do the job'. I’ve never found that approach particularly effective >>

4 Considerations When Adding Trends to Your Growth Strategies
The allure of innovation and the pursuit of the next big thing can be intoxicating, business leaders often find themselves captivated by the promise of novel technologies, trends, and strategies that promise instant success. That certainly seems to be the case with the current rage – AI >>

In case you've missed it: Global eNewsletter of April 03, 2024
Banyan Group unveils 'Nature House', a landmark venture in wellbeing education, Accor announces several key signings across Asia and more >>