News & Stories
London. After a due-diligence-process of nearly two years Lehman Brothers and Starwood finally announced their plans for a joint venture between Starwood and Le Méridien Hotels & Resorts yesterday. This new development will probably also have an impact on ArabellaSheraton Hotels in Munich.
Innsbruck. They all play their own everyday roles from the janitor to the owners. The romantic hotel Schwarzer Adler in Innsbruck, Austria, provides the scenery and the actors for a five-part soap opera. It was broadcast on the German private channel ProSieben this week.
Frankfurt/M. There are still numerous rumours afloat about Thomas Cook potentially selling its Aldiana Clubs. The American financial investor Advent International is considered to be seriously interested. The Spanish group Parques Reunidos, with which it would probably be possible to generate synergy effects, also belongs to it.
The Steigenberger family has realised that cost reduction alone does not make a successful company. A commentary by Susanne Stauss on Steigenberger's new strategy.
London. InterContinental Hotels will grow its resort portfolio but still looks at the business hotels as their flagships. Jennifer Fox, Senior Vice President InterContinental Hotels & Resorts, answers questions about a company that isn't still sure about its own future structure.