[ad_1] One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet. Companies in the S&P 500 spent $65…
Tag: Hotels
Avani Hotels and Resorts adds Germany to Its portfolio
[ad_1] Avani Hotels and Resorts has extended its reach in Europe by launching the Avani Frankfurt City Hotel, marking the brand’s introduction in Germany. Situated in Frankfurt’s central business district,…
Ruby Hotels open first property in Stuttgart
[ad_1] German design-led hotel group Ruby has opened its first property in Stuttgart, which also includes a co-working space. Ruby Hanna Hotel, which is the Munich-based company’s 17th hotel in…
Morguard selling portfolio of 14 hotels across Canada for $410 million
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Shangri-La Hotels Malaysia managing director to resign
[ad_1] KUALA LUMPUR: Shangri-La Hotels Malaysia Bhd managing director Chan Kong Leong will be resigning effective March 31, 2024. In a filing with Bursa Malaysia today, the hotel operator said…
Morguard selling portfolio of 14 hotels across Canada for $410 million – Business News
[ad_1] Hotel portfolio sell-off The Canadian Press – Jan 8, 2024 / 9:18 am | Story: 466085 Photo: X/Morguard Morguard Corp. says it has signed a deal to sell a…
Hotels and niche sectors offer hope for travel M&A after slow 2023
[ad_1] Travel and tourism saw slow dealmaking during the first three quarters of last year as the sector continued to be impacted by the ongoing effects of COVID-19, as well…
Why ‘bleisure’ travel gives short-term rentals like Airbnb a boost over hotels
[ad_1] Remote and hybrid work has affected many industries, from commercial real estate to downtown restaurants. And it has impacted how many workers, unfettered by office attendance requirements, plan their…
Reverse takeover transforms 3Cnergy into hospitality firm with portfolio of 17 British hotels
[ad_1] SINGAPORE – Shareholders of 3Cnergy voted on Dec 26 for a $443.8 million reverse takeover (RTO) by Thai property conglomerate DTGO, transforming the Singapore-listed shell company into a major…