Accor to Sell a 1.5% Stake in Huazhu for €239m
After this transaction, Accor owns a 3.3% stake in Huazhu and continues to be represented at the Group’s Board of Directors.
Development
Twenty14 Holdings to Open the Pullman Downtown Dubai Hotel
Twenty14 Holdings, an Abu Dhabi-based hospitality company has partnered with Accor to open a new Pullman in one of the most sought-after locations in Dubai, Business Bay.
North Shore Resort Company and Shores Resort Company Complete Condo Buybacks
North Shore Resort Company and Shores Resort Company announced that as of February 19th, 2021 they have finalized the last transaction of planned condo buybacks completing the majority ownership acquisition of Superior Shores Resort.
IHG and Proinvest Build Brisbane CBD Presence with Two Premium Hotel Conversions
voco Brisbane City Centre and Hotel Indigo Brisbane City Centre will become the latest additions to the River City’s hotel scene, as Mercure Brisbane and ibis Brisbane rebadge under IHG’s world-class upscale brands following a repositioning and extensive refurbishment.
Curator Hotel & Resort Collection Adds 11 Provenance Hotel Members to Portfolio
These boutique lifestyle properties span cities across the United States, ranging from Hotel Lucia in Portland, Oregon, to The Old No. 77 Hotel in New Orleans, and are now members of Curator’s growing portfolio.
Sonesta Growth Continues With Addition Of 88 Hotels To Portfolio
Sonesta Adds New Hotels to Five Brands in the U.S. – 78 Hotels Have Been Reflagged, 10 More Expected by End of March
Accor Announces Two-fold Signing of Raffles and Fairmont Hotels in Qatar
Katara Hospitality expands partnership with Accor through signing of First Fairmont & Raffles Lusail Hotel & Residences in Qatar
Service Properties Trust Completes Transfer of 78 Hotels to Sonesta
Service Properties Trust (Nasdaq: SVC), or SVC, announced on Friday that it has completed the transition of branding and management for 78 hotels to subsidiaries of Sonesta International Hotels Corporation, or Sonesta, from Marriott International, Inc., or MAR. Ten additional hotels are expected to transition to Sonesta by the end of March.
Life House Acquires IMPRINT Hospitality’s Management Portfolio
The IMPRINT Hospitality portfolio features unique independent properties in locations across the West Coast, including The Historic Taos Inn in Taos in New Mexico; Casa Secoya on the banks of the Russian River in Sonoma County, CA; Loyal Duke Lodge in Salida, CO and Salida Inn and Monarch Suites in Salida, CO, among others to be announced at a later date.
Crystal Investment Property Facilitates the Sale of Dreamcatcher Tipi Hotel
Representing the Seller of this Upscale Glamping Resort Destination Near Yellowstone National Park