Investment and Funding

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Insider

Portnoy’s lack of complaint

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If you’re a brand company which has management or franchise agreements with a Reit  - and that’s a fair few, given that Reits aren’t allowed to get into putting the mint on the pillow game themselves - you will have been watching SVC’s antics with a quickly-beating heart.

The Latest

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    Development
    Accor and a joint venture of Sydney developer Central Element and property investor Boston Global are to open Sydney's first 25hours Hotel, at the end of 2022.
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    Transactions
    The UK and Ireland were expected to lead distress-driven transactions this year, according to Whitebridge Hospitality.
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    Pandemic
    Hostelworld said that it was evaluating its future funding requirements and was actively evaluating both debt and equity options.
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    Development
    Rosewood Hotels & Resorts has been appointed by real estate firm Antirion SGR to manage Rosewood Rome, which will open in 2023.
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    Adjacent spaces
    Ascott recorded 80% year-on-year growth in China with over 9,400 units secured in the country last year, including a move into the rental housing market.
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    Investment
    TUI Group has launched a rights issue to raise around €545m to pay down debt and strengthen the group’s liquidity position.
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    Transactions
    UK transactions dropped by 70% on the year in 2020, with the main drivers retirement sales, hotels sold for alternative use, non-core assets sold to bolster equity and non-alignment of shareholder interests.
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    Adjacent spaces
    Marriott International has signed an agreement with Masterise Homes to develop a dual-branded residential and officetel project in Ho Chi Minh City.
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    Development
    InterContinental Hotels Group signed a management agreement with Conygar, the developer behind The Island Quarter development in Nottingham.
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    Adjacent spaces
    Conrad Hotels & Resorts has signed an agreement to open Conrad Residences Bahrain Financial Harbour in 2022 at the mixed-use development First Energy Bank Tower.