Westminster City Council has granted planning permission for 55 Broadway to be transformed into a luxury hotel, under the ownership of Blue Orchid Hotels.

On The Beach raised £67m by placing 19.9% new shares to allow it to “capitalise on the multiple opportunities that these market conditions are likely to present”.

The Barceló Group was reported to have sold the Formentor Hotel in Majorca to an unnamed buyer.

Specialist Leisure Group has gone into administration, with ABTA blaming the burden of Covid-19 refunds.

Highlights from this week's In Sync event, where the message was that this is an industry ready and eager to get back to work and confident that there was demand for what it produces: hospitality. The future is bright!  Stay up to date with the latest news and event details from our weekly newsletters. 

While the immediate impact of COVID19 is expected to lessen in the coming months, the shape of travel and hospitality will never be the same. The leaders emerging stronger from the crisis will be those who will have learnt the lessons quickly and adapted to a new world scene in which travel and hospitality call for a more conscious mindset. The classic IHIF panel will share their thoughts on the new rules defining hospitality.

The impact that COVID-19 is having on the hospitality industry is palpable. There is no time more important than right now to come together, share information, and discuss what this means for our future. Katherine Doggrell is joined this week with industry expert Henri Wilmes, CIO A&O Hotels. Visit our In Sync live event for more insight from leaders in the industry.

Minor International announced plans to raise THB25bn ($780m) to strengthen its balance sheet.

The impact that COVID-19 is having on the hospitality industry is palpable. There is no time more important than right now to come together, share information, and discuss what this means for our future. Katherine Doggrell is joined this week with industry expert Peter Heule, CEO Short Stay Group. Visit our In Sync live event for more insight from leaders in the industry. 

The impact that COVID-19 is having on the hospitality industry is palpable. There is no time more important than right now to come together, share information, and discuss what this means for our future. Alexi Khajavi and Katherine Doggrell join us this week to discuss the short stay and serviced apartments sector.