Starwood provides £1.8bn loan for Blackstone’s UK holiday company buy
Starwood Capital Group has originated a £1.8bn term loan as mandated lead arrangers to Blackstone Capital Partners and Blackstone Real Estate Partners for the...
Acore raises $1bn to provide rescue capital to hotels
Commercial real estate finance company Acore Capital has raised $1 billion to provide rescue capital to North American hotel operators. The company has launched Acore...
Accor sells stake in Huazhu for €239m
Accor has sold a 1.5% stake in Huazhu Group Limited, a multi-brand hotel management company in China, for €239 million. Accor said, after this transaction, it owns a 3.3% stake in Huazhu and...
JLL appoints Gilda Perez-Alvarado as global CEO, hotels & hospitality
JLL has appointed Gilda Perez-Alvarado as global CEO of its Hotels & Hospitality Group. Gilda Perez-Alvarado will succeed Mark Wynne-Smith, who will continue as...
Marriott CEO Arne Sorenson dies at age 62
Arne Sorenson, the president and chief executive officer of Marriott International Inc., has passed away on February 15, 2021 at the age of 62. In May...
Marriott expands all-inclusive portfolio by adding 19 resorts
Marriott International Inc. has signed a long-term agreement with Sunwing Travel Group's hotel division, Blue Diamond Resorts, to add 19 all-inclusive resorts in the Caribbean, Costa Rica and...
Hilton to develop 10 new hotels in Germany
Hilton has signed an agreement with Signo Hospitality (Signo),a hotel management company based in Regensburg, to develop 10 new hotels in Germany over the next...
Starwood Capital makes first real estate investment in Denmark
Starwood Capital Group (Starwood Capital) has made its first real estate investment into Denmark. The company acquired the Skt. Petri hotel in Copenhagen from...
ActivumSG fund buys hotel operator Odyssey
A fund managed by ActivumSG Capital Management has acquired hotel operator Odyssey Hotel Group. The purchase, details of which are not being disclosed, is the...
Marriott announces world’s largest hotel-branded residential project
Marriott International has signed an agreement with Vietnam-based real estate firm Masterise Homes to develop a dual-branded residential and officetel project in Ho Chi Minh...
