News & Stories
Choice CEO Pat Pacious is putting his announcement into practice: He is now moving his pawns into Wyndham's board in the hope of securing a take-over.
Just before the holiday break, Choice Hotels International issued a strong counter to the Wyndham Hotels & Resorts Board of Directors' recommendation to reject Choice's offer to acquire them. The hospitality industry is now witnessing a high-stakes drama between these two giants, each vying for supremacy in a competitive landscape. The U.S. Federal Trade Commission (FTC) is now involved.
In 2023, hotel investments in Spain reached the second-highest figure following 2018. International investors represent 75% of the investments.
The German hotel investment market closed 2023 with a mere 1.5 billion euros. International property brokers issue their future forecasts at the start of the year: Hope dies last.
Last week, French property company Covivio and AccorInvest, originally the real estate arm of Accor, announced they have entered into exclusive negotiations to reorganize a jointly owned portfolio of hotels – without requiring new financing. The advantage: "78% of AccorInvest's portfolio will come from fully owned establishments," said Gilles Clavié, CEO of AccorInvest, comparing to 70'% today.
Interest rates are the main topic of any hospitality investment discussion. Nevertheless, hotel groups see opportunities - by paying more attention to their loyalty programmes and HR.
Mandatory ESG criteria are set to shape hotel finance in the future. However: No one knows exactly which sustainability standards have to be met, nor which certificates make sense. Calls for clarification from the EU are increasing. An Expo Real discussion at the hotel conference hit the nail on the head.
A measly 541 million euros after three quarters: The German hotel investment market is not gaining momentum, especially portfolio deals remain scarce.
Investor TPG is close to completing the sale of its German hostel business A&O.
Numa Group has secured USD 59 million in growth capital under lead investor Verlinvest to expand with its digital hospitality platform.
