News & Stories
Sold: The famous Raffles Singapore
Singapore. The US investment fund Colony Capital, LLC, announced this week that it has entered into an agreement to purchase all of the hotel interests of Raffles Holdings Limited, comprised of 15 Raffles Hotels & Resorts and 26 Swissotel Hotels & Resorts in 35 destinations, for approximately one billion Dollars. With the Raffles purchase, Colony Capital is presented with the opportunity of solving a long standing problem - namely, the search for a management company for its own real estate interests.
Singapore. Raffles Holdings is owned by the largest listed property companies in Asia, CapitaLand Limited. The background:
Southlake/London. Sabre Holdings Corporation announced two days ago that the acquisition of lastminute.com plc by Travelocity Europe Limited has been completed.
Rust. Travel managers complain that hotels are still offering their services in an unprofessional manner and they expect precise answers to their questions, not just sweet talk. Given the enormous amount of uncoordinated sales visits and their own stringent guidelines, more and more companies are losing patience. An HSMA workshop has predicted that rigid sales procedures could result in a serious loss in turnover.
Meerbusch/Düsseldorf. The study is two years old, but its explosive force has lost none of its strength. Whilst the sales training and development consultancy Mercuri International conducts the "Pisa Study of Sales' Performance" for a second time, the rest of the hotel industry remains largely oblivious to its existence. hospitalityInside would therefore like - in connection with the discussions from the HSMA workshop on the changing demands placed on suppliers - to reiterate a number of core statements.
Munich/Hamburg. The consortia 50plus Hotels Deutschland are official partners of the company health insurance scheme of SPAR Handels-AG. The goal of the partnership is common marketing and trade fair presence.
Nuremberg. Today's older generation is not going down the same route as 20 years ago. And: it has got a very fine ear, when it comes to being communicated with - that was the main thesis of the address of Andreas Reidl, Agency for Generation-Marketing, at the GfK 2005 Conference in Nuremberg last week.
Monvale. Dolce International with 22 conference and resort destinations, specialist in the field of international conferences and events, has further expansion plans. Dolce founder, Andy Dolce, proceeds with care. A portrait.
Brussels. Hilton is jazzing up an old brand: The 4-star Conrad Hotels is advancing to a 5-star brand and the current 17 hotels are planned to increase to 50 hotels within the next 5 years. CEO Dieter Huckestein is working on the profile of the luxury brand. At the moment, only buzzwords are recognisable.