Meliá opens a hotel in Setúbal, its 14th establishment in Portugal

Meliá Hotels has opened a new hotel in the Portuguese city of Setúbal, which becomes its fourteenth establishment in Portugal, the company announced in a statement. The hotel chain has highlighted the “industrial” character of the city, in addition to having one of the most important ports in the country, to explain the opening of […]

Minor Hotels purchases 8.6% of NH Hotel Group for 192 million

Minor International, the company that operates the Minor Hotels brand, will expand its stake in NH Hotel Group to 9.7% after buying 8.6% of its capital stock that was held by the Oceanwood fund for 192 million euros, according to the company has reported in a statement sent to the National Securities Market Commission (CNMV). […]

Blackstone buys LaSalle Hotel Properties for 4,083 million

The asset manager Blackstone has acquired all the shares of LaSalle Hotel Properties in a cash transaction valued at 4.800 million dollars (4.083 million euros) after the agreement reached by both on Monday, the hotelier said in a statement. The transaction, which has been unanimously approved by the shareholders’ meeting of LaSalle, will be effective […]

Tivoli Hotels plans to expand in South America and Asia

Portuguese chain Tivoli Hotels & Resorts has plans to expand in South America, especially in Brazil, and Asia in countries such as Thailand, South Korea and China, according to a statement. Tivoli, which celebrates its 85th anniversary this year, began its expansion in the Middle East in 2016 when it joined the Minor Hotels group […]

Pierre & Vacances adds a new hotel in Normandy

Pierre & Vacances has expanded its presence in Normandy with the opening of the luxury apartments ‘Presqu’île de la Touques’, the company’s first high-end and five-star resort at sea, the chain reported. With this opening, the French chain already has a total of nine establishments in Normandy, two of them corresponding to its ‘premium’ brand. […]

Meliá and Air Europa sign a new partnership in their loyalty programs

MeliáRewards, the loyalty program of Meliá Hotels International that has more than nine million members, has announced a new agreement with the airline Air Europa to extend greater advantages to its customers. As a result of this new partnership, MeliáRewards holders will be able to obtain SUMA miles (the loyalty program of the Globalia air […]

Hispania reduces its profit by 83% in full OPA by increasing provisions linked to Azora

The socimi says that “there is a high uncertainty” about Blackstone’s offer Hispania recorded an attributed net profit of 2.7 million euros in the first quarter, 83.8% less than a year earlier, as a consequence of accounting for higher financial expenses and increasing the provisions related to the asset management contract it has with Azora […]

BlueBay Hotels incorporates its first establishment in Ecuador

The hotel chain BlueBay Hotels has announced the incorporation of its first establishment in Ecuador, the hotel ‘Akros by BlueBay’, in what is a consolidation of the process of expansion of the company in the region. The establishment, with 128 rooms and suites, is located in the center of modern Quito, close to the commercial […]

AccorHotels buys Chilean chain Atton Hotels for 89 million

AccorHotels, together with the investment firm Algeciras, has reached an agreement to buy 100% of the Chilean group Atton Hotels for 105 million dollars (89 million euros), as announced by the French hotel group, transaction subject to approval of the regulators. The two buyers expect the purchase to materialize in the second half of 2018. […]

NH consolidates its presence in Madrid with its ‘premium’ brand in the middle of Gran Vía

It has seven hotels of its luxury brand in the capital NH Hotel Group consolidates its presence and bets on Madrid with the inauguration on Thursday of a new hotel of its ‘premium’ brand, the ‘NH Collection Gran Vía’ – of four stars and 94 rooms – located in one of the buildings ” more […]