Terence Baker
Senior Reporter, EMEA at Hotel News Now
Snr reporter EMEA @Hotel_News_Now; @STR_Data; 106 countries; 2:44:56 26.2; rim-to-rim-to-rim Grand Canyon run; 2 x 100-mile runs; lots of birding @terence_baker
Articles
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1 day ago |
costar.com | Terence Baker
Karim Malak is feeling content. EasyHotel’s CEO said the brand company has moved forward significantly in the five years since the pandemic, repositioning its product in terms of higher quality, more direct bookings, customer diversity and more focused operations. Malak took the CEO role in December 2021.
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2 days ago |
costar.com | Terence Baker
London-based investment firm Tristan Capital Partners is the new owner of budget hotel brand EasyHotel. A June 5 announcement confirmed the completion of the 100% acquisition, first agreed on May 1, for an estimated consideration of approximately €242 million ($277.7 million). The actual buyer is Tristan Capital’s discretionary fund European Property Investors Special Opportunities 6. Following this deal and across all its funds, Tristan Capital now has more than €1 billion of hotel assets.
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3 days ago |
businessimmo.com | Terence Baker
Accor se lance à l'assaut de l'Inde, le pays le plus peuplé du monde et, selon certaines sources, le prochain grand marché pour les voyages intérieurs et les voyages internationaux entrants et sortants. Le 9 avril, le géant français de l'hôtellerie est entré dans la deuxième phase de son partenariat avec le conglomérat indien InterGlobe. Les deux entreprises ont noué un premier partenariat en 2004, mais n'ont pas pris de mesures significatives. Cela est sur le point de changer.
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3 days ago |
costar.com | Terence Baker
Malaysian firm IOI Properties Group has agreed to buy a 50.1% stake in the mixed-use South Beach Singapore from the property’s joint-venture partner Singapore investment firm City Developments Limited. When the deal is complete, IOI will own 100% of the property, which contains the 634-room JW Marriott Hotel Singapore South Beach. According to both companies, the deal values the the property at 2.75 billion Singapore dollars ($2.13 billion).
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4 days ago |
costar.com | Terence Baker
Stockholm-based hotel owner and operator Pandox AB and Oslo-based Eiendomsspar AS have made a possible all-cash bid for Irish hotel firm Dalata Hotel Group valued at €1.27 billion ($1.48 billion). According to a news release, the two Scandinavian partners have made a non-binding proposal of €6.05 per share, a 5% premium on the current value of Dalata shares. Eiendomsspar already owns 8.8% of Dalata and 24.8% of Pandox.
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Jesús Torné
Jesús Torné primarily covers news in Palma, Balearic Islands, Spain and surrounding areas.
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UK hotel owner-operator Shiva Hotels is refinancing The BoTree, its luxury hotel in London's Marylebone neighbourhood, for £300 million ($375 million), the largest refinancing deal in Europe since the end of the pandemic. @Hotel_News_Now @STR_data … https://t.co/VBKhMwhflK
So much of what @Hotel_News_Now has written on in the last 18 months comes together in one conference panel discussing lifestyle hotels in Madrid this week. Bottom line is lifestyle hotels are moving the needle with guests and investors … https://t.co/E0y7aQlO3x @STR_Data
The famed wine cellar of Monaco’s 208-room Hôtel de Paris Monte-Carlo turned 150 years old last year. It is the world’s largest hotel wine cellar, with an estimated 2kms of tunnels. @Hotel_News_Now @STR_Data please read https://t.co/6vfq74EjYA