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Takeover frenzy or controlled expansion?

Maria Pütz-Willems
Maria Pütz-Willems

Dear Insider,

Of course, today we are reporting in detail on the takeover of Fletcher, the largest Dutch hotel group, by Sunday PropTech – the new majority shareholders behind GCH (Grand City) – and not, as some believe, on Prism. Thanks to our more in-depth questions put to Prism India, we have new information as regards the structures of this company – we'll have further details in a few days. We are happy to give them this time.

Sunday PropTech is taking over a total of 170 hotels. How long will it take "the Indians" to integrate such a massive addition? Mario Maxeiner told me yesterday: It took IHG 1.5 years to integrate 100 Novum hotels. Some people feel a bit dizzy at the sight of the figure 170, as it is close to the 178 insolvent Revo Hotels. Could the current wave of over-ambitious takeovers trigger another wave of insolvencies? Some people feel a bit dizzy at the sight of the figure 170, as it is close to the 178 insolvent Revo Hotels.

Novum Hospitality recently made the headlines itself due to hotel closures, but it does not shy away from critical questions on the matter. In two articles today, founder and CEO David Etmenan explains to Susanne Stauss how he is setting up his new owner-operator model, why he works with family offices, and that he has a pipeline of 27 new projects comprising around 5,000 rooms. Half of his portfolio is set to consist of his own properties. Etmenan provides figures, reasons and insights – including on the responsibility towards the next generation. ... More

Magazine

How Novum Hospitality plans to master the future

HI+How Novum Hospitality plans to master the future

David Etmenan focuses on the owner-operator model – Pipeline of 5,000 rooms

The German operator market remains under pressure; the gossip mill is working overtime. This also affects David Etmenan, founder and CEO of Novum Hospitality, which currently operates 136 hotels, 127 of which are in Germany. At Expo Real, he explained his strategy for navigating difficult times to Susanne Stauss.

I work for the third generation

HI+I work for the third generation

Interview: Novum's CEO David Etmenan on events and responsibility

Collapsed sales, millions to be refunded to the German economic stabilisation fund, key money to IHG, staff dismissals, and refugees in a new hotel… Novum's founder and CEO, David Etmenan, answers questions about the negative headlines and events over the past few weeks.

A place among the major European players, please

HI+A place among the major European players, please

Prism, Oyo, Sunday, Fletcher: 170 hotels go to Indian investors

Fletcher Hotels, the largest hotel group in the Netherlands by room count, has passed into foreign hands. Sunday PropTech, an Indian hotel ownership and asset management company in which Prism - the group behind the OYO platform - is one of several shareholders, will acquire 100% of the 170-hotel chain from Egeria and the Fletcher management.

It's all down to the quality of the operator

It's all down to the quality of the operator

14th HospitalityInside Investment BAROMETER with Union Investment

The expertise of a hotel operator is significantly more important to the success of a hotel property than its location. This was the finding of the annual survey conducted by the trade magazine HospitalityInside and the property manager Union Investment in their joint autumn survey of European hotel experts. Only sustainable success safeguards the property and the balance sheet.

HI+

Harry’s Home: expanding steadily and robot-driven

Harry’s Home: expanding steadily and robot-driven
30.10.2026

The next generation is taking over Harry’s Home, and it’s not a family member. The Austrian hotel group is already preparing for cleaning robots – and with good reason. With the new CEO at the helm, expansion is gathering pace.

Accor secures two strategic franchise deals

HI+Accor secures two strategic franchise deals

With two major deals in Southern Europe and the Caribbean, Accor’s franchise team is forging new paths and strategic partnerships. Five Verdi hotels operated by Corinthia are to be incorporated into the Handwritten Collection. And in the Dominican Republic, a significant agreement covering 6,000 rooms has been finalised.

Scandic expands its operations

HI+Scandic expands its operations

Scandic and Hilton intend to step up their collaboration in the Nordic countries once again. In Germany, Scandic plans to expand primarily under its core brand, according to the Head of Development in an interview at Expo Real.

VIP News from 30.10.2026

HI+VIP News from 30.10.2026

Jeff Moore / Francesco Brunetti, Marco Gilardi / Patrick Chmielewski, Vincent Dujardin / Viviana Anselmi, Mihaela Ioana Ardelean, Giovanni Vercellini / Ertan Vasvi

News Mix from 30.10.2026

HI+News Mix from 30.10.2026

Accor/Tallinn, Amapa/Milan, Ascott/Glasgow, British Land/London, B&B/Gütersloh, BWH/umbrella brand, Cortina/Hotel de la Poste, Dosfield/Vienna, Hilton/Madrid, IHG/Reykjavik, Hyatt/Rome, Le Graal/Puglia, Mandarin Oriental/Mykonos, Marriott/Edition Hotels, Pavillon/Cortina, Radisson/Hoedspruit, Valamar/Obertauern, Worldhotels Backdrop/Ciraccio

Kempinski without CEO and zero crisis communication

HI+Kempinski without CEO and zero crisis communication

Mid-week, Kempinski employees, GMs and ultimately the owners gradually learned of Barbara Muckermann's departure. In China, a physical meeting was held with BTG. René Nijhof is now taking the helm in Operations.

Strategic Shift at Gorgeous Smiling

HI+Strategic Shift at Gorgeous Smiling

The grand plans presented by Gorgeous Smiling Hotels (GSH) exactly one year ago could not be implemented as quickly as expected. Now, the course has been set. Among other things, the new strategy involves switching from full service to tech-hotels with less service and fewer staff. Managing Director Andreas Erben provides the details.

Update: Who is now operating which former Revo hotels?

HI+Update: Who is now operating which former Revo hotels?

154 out of 178 insolvent hotels of the Revo Hospitality Group have by now largely been handed over to international hotel groups and investors, according to reports. For some hotels, it could take even longer. We’ve done our own research. Not everything is transparent by any means.

EU investigates Booking.com over fraud cases

HI+EU investigates Booking.com over fraud cases

Fake accommodation listings, identity fraud and phishing: the European Commission is investigating whether Booking.com is doing enough to tackle fraudsters. Brussels is also scrutinising transparency in advertising.

VIP News from 23.10.2026

HI+VIP News from 23.10.2026

Ulrich Ponty / Niki Manou-Andreadis // Hakan Ozel / Friedrich von Schönburg, Gaye Gibson, Sam Cooper / Lars Ziegler, João Gonzaga / Gernot Porcher / Franziska Pfaff / Carsten Willenbockel / Alexander Prüss, Lisa Ruhrig

News Mix from 23.10.2026

HI+News Mix from 23.10.2026

Alpitour World/Aosta Valley, Brawo/Hanover, Comer Group/Neu-Isenburg, Deutsche Zinshaus/Frankfurt, Dunton/Knoydart, Essendi/Hamburg, Frankenblick Hotelbetriebs/Masserberg, GoldenBridge/Vienna, Homaris/Dresden, JP Immobilien/Port de Sóller, Kempinski/Berchtesgaden, Leonardo/Regensburg, LFPI/Zurich, LVMH/Costa Smeralda, Motel One/Frankfurt, MCR Property Group/London, Minor/Milan, Numa/Rome, Ora Hospitality/Mykonos, Pandox/Copenhagen, Premier Inn/Cork, Quality Lodgings/Malente, Romantik/Boppard, The Webster/London, Toskana/Hassoun, Union Investment/Manchester, You Famille Hôtelière/Paris

Expo Real 2026

The stories behind the scenes

The stories behind the scenes

The hospitality family filled the "FreiSchwimmer Bar" on Expo Real Monday. 130 guests had made their way up to the terrace of the Cocoon Hotel, with views over the rooftops of Munich. Fun moments and thought-provoking conversations at BRICKS & BRAINS… The "Pool Party" was a success – so, looking back, a heartfelt thank you to the four sponsors of this event.

Final push ahead of Expo Real

Final push ahead of Expo Real

The suitcases are almost packed, the final appointments have been confirmed. Now it’s all about meetings, deals and networking at Expo Real 2026. At World of Hospitality, you’ll meet an appealing mix of established market players, long-standing partners and new faces.

Update: Networking at the FreiSchwimmer Bar!

Update: Networking at the FreiSchwimmer Bar!

For the 18th time, the motto is "Hospitality meets Real Estate". BRICKS & BRAINS looks forward to welcoming its guests after the first day of the Expo Real trade fair, high above the roofs of Munich – at the Cocoon Hotel Am Sendlinger Tor. Two more sponsors – 9dots and Häfele – are joining in. They're all keen to get stuck in on the rooftop!

Expo Real Hotel Conference: The market in turmoil

Expo Real Hotel Conference: The market in turmoil

The market is in turmoil; insolvencies and scandals have dominated the first half of the year, particularly in Germany. This will be the focus of the next Hospitality Industry Dialogue (HID) at Expo Real on 5 October. All conference panels will centre on the consequences and lessons learnt. In addition, new international operators will be introducing themselves.

Content Partner

First understand, then act

QR Redebedarf 2026: Insights spark interest in new markets
First understand, then act
30.10.2026


Around 130 hotel professionals gathered in Frankfurt to discuss international growth markets, changing travel behaviour and the future of hotel distribution. While AI and technology offer significant opportunities, data, preparation and human touch remain crucial.

Welcome to new markets

Welcome to new markets

New source markets, international travel trends, and concrete opportunities for the hotel industry: At QR Redebedarf 2026 on 22 October in Frankfurt, experts from politics, market research, hotel operations, and distribution will discuss how demand is changing and what this means for hotels.

60 years of the LS range

60 years of the LS range

In hotel interiors, design that stands the test of time is essential. It is particularly evident with elements that remain visible at all times – such as switches, sockets and control panels – just how important a clear, consistent system is. The history of JUNG’s LS range began in 1966 with a design that remains as relevant today as ever.

India, South America, Glamping

India, South America, Glamping

Geopolitical shifts, climate change, evolving guest expectations: international tourism is changing rapidly. For the hotel industry, the priority now is to identify developments early and act strategically. Put simply, there is a clear need to talk.

Say Hello to new markets

Say Hello to new markets

Sometimes, the best answers to the challenges facing the hospitality industry lie outside the sector itself. This is exactly where Markus Milz comes in. The highly sought-after coach will open the QR "Redebedarf" event on 22 October 2026 with a keynote speech. He brings a dual perspective to the stage.

Integrated charging sockets for hotel rooms

Integrated charging sockets for hotel rooms

For many hotel guests, smartphones, tablets and laptops are an essential part of their travel kit. It is therefore important to have easily accessible sockets that cater for different power requirements whilst being intuitive to use. With the PD 60 USB charger and SCHUKO® sockets featuring an integrated USB-C port, JUNG combines convenient charging with a consistent design for the electrical installation.

New markets for the hotel industry

New markets for the hotel industry

The German hotel market is undergoing profound change. Whilst traditional business travel segments are suffering because of economic developments, new opportunities are simultaneously emerging in international source markets.

Business & Leisure with great potential

Business & Leisure with great potential

In the first half of 2026, the German online distribution specialist QR Quality Reservations secured 19 new partner hotels and increased its business travel turnover by 26.6 percent. The first hotels are already implementing the new AI agent in their day-to-day operations. 

Quality over Speed

Quality over Speed

The topic of AI dominates today's media. How is AI changing our society, the economy, education, healthcare, and our jobs? Where does its use make sense? Will AI solve everything? Is it taking away jobs or creating new ones? The race is on …

Timeless switch design

Timeless switch design

Stylish and long-lasting hotel interiors are created through design concepts that stand the test of time. Timeless design is particularly valuable for permanently visible elements such as switches and sockets.

A new benchmark for Adriatic resorts

A new benchmark for Adriatic resorts

Pical Resort 5*, Valamar Collection in Poreč, the most significant tourism investment in Croatia in recent years, was recently officially opened in the presence of the Prime Minister of the Republic of Croatia, Andrej Plenković and hundreds of distinguished guests from the business and public sectors.

News Mix overview

News Mix from 30.10.2026

HI+News Mix from 30.10.2026

Accor/Tallinn, Amapa/Milan, Ascott/Glasgow, British Land/London, B&B/Gütersloh, BWH/umbrella brand, Cortina/Hotel de la Poste, Dosfield/Vienna, Hilton/Madrid, IHG/Reykjavik, Hyatt/Rome, Le Graal/Puglia, Mandarin Oriental/Mykonos, Marriott/Edition Hotels, Pavillon/Cortina, Radisson/Hoedspruit, Valamar/Obertauern, Worldhotels Backdrop/Ciraccio

News Mix from 23.10.2026

HI+News Mix from 23.10.2026

Alpitour World/Aosta Valley, Brawo/Hanover, Comer Group/Neu-Isenburg, Deutsche Zinshaus/Frankfurt, Dunton/Knoydart, Essendi/Hamburg, Frankenblick Hotelbetriebs/Masserberg, GoldenBridge/Vienna, Homaris/Dresden, JP Immobilien/Port de Sóller, Kempinski/Berchtesgaden, Leonardo/Regensburg, LFPI/Zurich, LVMH/Costa Smeralda, Motel One/Frankfurt, MCR Property Group/London, Minor/Milan, Numa/Rome, Ora Hospitality/Mykonos, Pandox/Copenhagen, Premier Inn/Cork, Quality Lodgings/Malente, Romantik/Boppard, The Webster/London, Toskana/Hassoun, Union Investment/Manchester, You Famille Hôtelière/Paris

News Mix from 16.10.2026

HI+News Mix from 16.10.2026

Accor/Cologne, Azora/Nicolaus, Bzar/Lecce, Four Seasons/Tangier, Iberostar/Zanzibar, IHG/Debrecen, La Gap/Garmisch-Partenkirchen, Leonardo/Hanover, LRO Hospitality/Edinburgh, LVG Hotel Collection/Rome, Mayburgh/Wittenberg, May&Co/Cologne, Minor/Rabat, Motorworld/Hockenheim, Premier Inn/Konstanz, Radisson/Wrocław, R Collection/Como, Six Senses/Milan, Staycity/Amsterdam, Stayery/Berlin, Tikehau/Berlin, Vermala Gut/St Gallenkirch, Yurbban Hospitality/Barcelona

News Mix from 9.10.2026

HI+News Mix from 9.10.2026

Accor/Bonn, Art-Invest/Frankfurt, Choice/Denver, Cofinance/Paris, Ennismore/Monopoli, Extendam/Chamonix, Generator/London, Grand Hotel Riccione/Riccione, Hommage/Kitzbühel, Hospitality X/Düsseldorf, Hunton/Nottingham, IHG/Gloucester, Likestay/Bochum, Marriott/Køge, Meliá/Rom, Minor/London, MNK/Chippenham, Nook/Bad Saarow, Novum/Erding, Premier Inn/Münster, Ruby/Marseille, TSH/Berlin, Verkehrsbüro/Wien, Whiterock/Lyon, Wyndham/Frankfurt

Marketplace

A pop-up fitness hotel for Lisbon

A pop-up fitness hotel for Lisbon
30.10.2026

More and more people are planning their holidays around sporting events. In November, Lisbon will see the opening of the city’s first pop-up hybrid hotel for sports fans taking part in a fitness competition.

A system for measuring tourism in Germany

A system for measuring tourism in Germany
30.10.2026

Researchers and tourism experts have defined nine key indicators that will enable tourism regions to monitor their sustainability progress in a standardised way – from climate impact to local quality of life.

Working abroad: EU plans digital registration system

Working abroad: EU plans digital registration system
23.10.2026

Whether they are lorry drivers, carers, construction workers or hotel staff, millions of people work abroad for a limited period. The aim is to reduce the administrative burden for businesses in the EU.

Mandarin Oriental connects with the destination

Mandarin Oriental connects with the destination
23.10.2026

Mandarin Oriental's new objective is to invest sustainably in its own luxury hotels and in the destinations themselves, whilst engaging guests. The concept is based on three pillars.


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This week’s hospitality topics
by insiders, for insiders






EXPO REAL 2026

Image Gallery World of Hospitality and Bricks & Brains

Many thanks to all visitors, partner and sponsors!

Financial Results

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Driven by system dynamics

Hilton Worldwide Q3 2026: The hotel chain considers its third-quarter 2026 results to be robust overall and characterised by strong financial growth, but at the same time raised its full-year forecast for key performance indicators.

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Implementing next steps according to plan

MHP Hotel AG Q3 2026: The operator of premium and luxury hotels in the German-speaking region continued its growth course in the third quarter of 2026. Hotel revenue increased by 25.1% year-on-year to EUR 56.6 million (Q3 2025: EUR 45.2 million).

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Breadth by geography and brands

IHG Q3 2026: There was very good growth in EMEAA, most notably in Continental Europe and East Asia & Pacific, and the company expects for 2026 to be the fifth straight year of accelerating net system growth.

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EBITDA forecast raised despite losses in Q2

Accor Q3 2026: After the conflict in the Middle East severely impacted its Q2 results, Accor demonstrated its resilience and achieved growth in the third quarter.

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Strong quarterly results and an upgraded outlook

Wyndham Q3 2026: The company announced its third-quarter results and, at the same time, upgraded its full-year outlook. US RevPAR rose by 6% year-on-year.

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Strong third quarter

Pandox Q3 and 9M 2026: The hotel market continued to grow in the third quarter, despite a turbulent environment. Pandox benefited in particular from strong performance in the leasing and letting business segment, as well as successful portfolio adjustments.

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Significant growth rates

IHCL Q2 2026: The Indian Hotels Compay saw in the second quart a growth of over 20%, driven primarily by an increase in the number of hotels in the portfolio and in management fees.

Balance sheets
at a glance


Column: Politics inside Berlin

Travel Agencies, Hotels, Catering: all under construction

Travel Agencies, Hotels, Catering: all under construction

The German Travel Association has renewed its demands to politicians in Berlin. For the hospitality industry, it is well worth looking across the aisle, as the travel industry's problems are, to a large extent, its own.

Newsletter


Unsere Hospitality-Themen der Woche.

Picked

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Fuel costs too high: 200 passengers forced to disembark

Three years at sea, seven continents – that was the plan. But high fuel costs have thrown a spanner in the works for the cruise ship Odyssey. More than 200 passengers are now stranded in Asia.

//static.hospitalityinside.com/image/convert/hos/2026/10/29/new-airport-in-sydney-aircraft-landing-16-9-1920-c-wsi-6ae317f62455c353064019.jpg?s=3fd2aa8f35bda702fde1adbff34a8841

Sydney: New airport causes confusion

A new airport is intended to ease the pressure on Sydney. Right from the start, however, it is causing confusion: some passengers are mistaking it for the old airport – and even for Perth on the west coast.

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Hotel Leo: An art project designed for relaxation

A special venue opened yesterday on Leopoldplatz in Berlin-Mitte: Hotel Leo, a free, temporary hotel in a public space that invites visitors to switch off and take a breather.

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Cybersecurity: Calls for greater transparency regarding data breaches

Data breaches are becoming increasingly frequent, yet those affected often only find out about the incident too late or through indirect channels. HSMA Germany is urging compliance with statutory reporting obligations and advocates open communication.

MORE PICKED


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