Marriott does not agree with the characterizations expressed in a Sonder press release, after Sonder's financial collapse. Plus, hotel deal and development news.
Hilton expects fourth-quarter RevPAR to be in positive territory due to the stronger group travel, easier comps, and holiday shifts. Plus more hotel news.
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.
Activist investor Tarsadia Capital sent a letter to the Board of Directors of Sunstone Hotel Investors calling on them to maximize value for shareholders. Plus, more deal and development news.
Bloomberg reported that Japan’s Seibu Holdings is close to signing a deal to acquire the eight-property Ace hotel brand. Will it sell for about $85 million? Read about that and other hotel development deals and news.
Exclusive Resorts reached a strategic agreement with Accor to take a significant minority stake in the French hotel giant’s OneFineStay luxury vacation rental brand.