Jefferies says World Cup should offset cost inflation and geopolitical issues, predicting modest RevPAR growth and solid earnings in 2026. Plus more hotel deal and development news.
Lemon Tree Hotels' shares went on a roller coaster ride, jumping 4% on Wednesday on reports that private equity firm Warburg Pincus is on the way to acquiring a meaningful stake in the company. Plus, other hotel deal news.
Mandarin Oriental Hotel Group and controlling shareholder Jardine Matheson reported that a majority of MOHG’s independent shareholders voted in favor of Jardine Matheson’s bid to acquire the remaining stake in the company…
Dan Hotels expands into the U.S. market by acquiring New York’s NoMo SoHohotel for $125 million from Sapir Corporation, which has filed for insolvency.
Hilton Hawaiian Village Waikiki Beach Resort's new 36-floor Ala Moana Boulevard Tower will add 515 rooms with construction starting next year. Plus more hotel deal and development news items.
Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.
JLL said hotel investors in Asia Pacific turned more cautious in 1H25, deploying less capital into the hospitality sector amid macroeconomic uncertainty. Plus more deal and development news.