UK: Management consulting company Begbies Traynor have been appointed liquidators of the Highlander Hotel Ltd which traded as the Lomond Hills Hotel in Fife. The eighteenth century coaching inn dates back to 1733. It is located at the foot of the Lomond Hills in Freuchie, a village in Fife. As a result of the cost of living crisis and a downturn in trade, the drop in occupancy combined … [Read more...]
Beyond Green adds five members to portfolio
US/Italy: Sustainable hotel brand Beyond Green, part of Preferred Hotel Group, has welcomed five member properties located across the United States and Italy. The new hotels bring the total portfolio at Beyond Green to 31 properties in 18 countries. Recently added members include: • Edgewood Tahoe Resort (Nevada, US) – a LEED Silver certified resort with 154 rooms, a spa, golf course, and three … [Read more...]
Fusion Hotel Group reveals HIIVE brand debut in Vietnam
Vietnam: Wellness hospitality company Fusion Hotel Group has announced three openings over the next 12 months, including the brand launch of HIIVE in Binh Duong. Fusion Hotel Group manages 22 properties throughout Vietnam and Thailand across nine brands. HIIVE, designed for the business traveller, is set to debut in Binh Duong in Vietnam and marks the first of the three upcoming … [Read more...]
Magnuson Hotels expands independent collection
US: Hotel conversion brand Magnuson Hotels has added two properties to its independent collection in the past two weeks, located in California and North Carolina. Wafer 450, in Santa Clara (California), marks the fourth hotel from Stay Cal Hospitality to join Magnuson Hotels. It also represents the nineteenth hotel in California which the company represents. The hotel offers 31 bedrooms and … [Read more...]
Ruby Hotels announces second Italy location
Italy: Munich-based hotel group Ruby Hotels has announced it will launch a property in Rome following its Italian debut in Florence next year. Located within a former office building near the Spanish Steps, the Rome hotel will feature 165 rooms and a 24/7 bar with cafe and a rooftop terrace. Interiors of the new property will be overseen by Ruby Hotels’ design team led by Matthew Balon. The … [Read more...]
Accor co-founder Pélisson dies at 91
France: Gérard Pélisson, the co-founder of Accor, has died aged 91 after a long illness. Pélisson turned the group into the world’s sixth largest hotel chain, with his business partner Paul Dubrule. Accor currently has 5,400 hotels in 100 countries under 45 different brands. The group has a pipeline of 1,247 hotels and approximately 216,000 rooms. Its market capitalisation is approximately $8.9 … [Read more...]
Maison Delano to debut in Asia in 2026
South Korea: Lifestyle hospitality company Ennismore is set to open the first Maison Delano in Asia, located in the South Korean capital of Seoul. Set in the Gangnam district in the south of the city, Maison Delano Seoul will offer 81 guest rooms, 52 branded residences, along with F&B venues. There will also be a members club, sunken garden courtyard, an indoor and outdoor infinity rooftop … [Read more...]
Sonder reduces workforce by 14 per cent in latest layoff round
US: Next-generation lodging firm Sonder is making around 100 corporate employees redundant, amounting to close to 14 per cent of the startup’s overall workforce. The news was revealed by Francis Davidson, co-founder and CEO of Sonder, in the startup’s earnings call on Wednesday. The layoffs are set to take effect at the end of the first quarter next month. It represents the latest layoff round at … [Read more...]
RBH portfolio exceeds 7000 rooms with two signings in Berkshire
UK: Hotel management company RBH Hospitality Management has been selected by Reuben Brothers to manage The Olde Bell and Thames Riviera in Maidenhead. As of 1 March 2023, both properties have come under the management of RBH, taking the company’s total number of rooms under management to over 7,000. Thames Riviera is in the process of re-opening after a period of closure to facilitate a full … [Read more...]
PPHE to launch European €250m hospitality real estate fund
EU: Hospitality developer, owner and operator, PPHE Hotel Group, is in advanced discussions to launch a European Hospitality Real Estate Fund of up to €250 million equity. PPHE intends to participate in the fund, up to €50 million in cash and/or assets, with a cornerstone investor participating up to €75 million (with an upper limit of 49 per cent participation). The art’otel Rome, which is … [Read more...]
Graduate Hotels reveals plans for Alabama property
US: Graduate Hotels is set to launch a new-build, five-storey hotel in downtown Auburn, Alabama next year. Located across the street from Auburn University Campus, the hotel is currently under development. When complete, it will offer 177 keys, two food and beverage venues including a rooftop bar and restaurant, and more than 10,000 square feet of meeting and event space. Graduate Auburn will join … [Read more...]
Warwick Hotels and Resorts acquires Hotel Le Crystal
US: International luxury hotel group Warwick Hotels and Resorts has acquired the Hotel Le Crystal in downtown Montreal. Moving forwards, the hotel will be known as Warwick Le Crystal-Montreal and is set to welcome guests from May this year. The property features 131 rooms and suites, most of which come with kitchenettes. Amenities include an Asian restaurant called Siam, an indoor swimming … [Read more...]
One-third of UK hospitality at risk of failure in next year
UK: Data from trade association UKHospitality in association with research agency CGA has revealed that despite 2022 sales topping pre-Covid levels, 32 per cent of hospitality businesses are at risk of going under in the next year. The UKHospitality Quarterly Tracker has revealed that revenue increased by 4.2 per cent in 2022 (compared to 2019). When inflation is accounted for, revenues are down … [Read more...]
K West Hotel to be rebranded as Hotel Indigo
UK: The K West Hotel & Spa near Shepherds Bush in London will undergo a renovation and reopen as Hotel Indigo London K West Shepherds Bush. IHG Hotels & Resorts has signed a partnership with the Lancaster Landmark Hotel Company (LLHC) to open the sixth Hotel Indigo in London. Additional properties in LLHC’s portfolio includes The Landmark London, Royal Lancaster, and Basil Street … [Read more...]
Dreamscape announces opening of The Palmetto
US: New York-based real estate development and investment firm, Dreamscape Companies, has announced its boutique hotel in Charleston, The Palmetto, will open in March 2023. Located in the French Quarter of Charleston in South Carolina, The Palmetto marks Dreamscape’s first project in the southern states of the US. The Palmetto will feature 45 rooms and suites along with a lobby bar serving … [Read more...]
Cheyne completes €62m loan to redevelop The Hotel Maria
Finland: Global asset manager Cheyne Capital has provided a €62 million senior loan to Samla Capital Oy to finance the redevelopment of The Hotel Maria in Helsinki. The Hotel Maria will be a five-star luxury hotel housed across four historic buildings. The loan will be used to reconfigure and refurbish the site whilst retaining the original exterior. When complete, Hotel Maria will provide … [Read more...]
NH Collection debuts in the Middle East
UAE: NH Collection Dubai The Palm, a new-build hotel located on Palm Jumeirah, has opened marking the brand’s debut in the Middle East. The 532-key hotel features 226 rooms and suites in addition to 306 studios and apartments across 11 room categories. It offers five F&B venues, five meeting spaces which can cater up to 45 people, a rooftop bar and infinity pool, a gym, spa treatments, … [Read more...]
art’otel London Battersea Power Station officially opens
UK: Hospitality real estate company PPHE Hotel Group has opened the UK’s first art’otel property at Battersea Power Station in London today. Managed by Park Plaza Hotels, art’otel London Battersea Power Station is located within Battersea Roof Gardens in a new building designed by Foster + Partners. Interiors have been overseen by Spanish artist Jaime Hayon and include design features such as … [Read more...]
Fattal Group acquires The Grand Brighton
UK: Fattal Group, the owner of Leonardo Hotels, has purchased The Grand Brighton from privately owned investment company Wittington Investments. The acquisition, brokered by JLL, marks the third hotel in Brighton for Fattal. The Grand will join Leonardo Royal Hotel Brighton Waterfront, also located along the seafront, and Leonardo Hotel Brighton by the city’s train station. Fattal plans to … [Read more...]
OYO adds 40 hotels to UK portfolio in 2022
UK: Global travel technology company OYO has added 40 UK hotels to its platform and doubled its revenue in 2022 compared to 2021. The new OYO properties are located in Otterburn, Folkestone, Worcester, Swansea, Crewe, Kidderminster, Solihull, Peterhead and Boston. Overall, the company now has over 150 small hotels in over 65 cities across the UK. Puneet Yadav, country head at OYO UK, … [Read more...]