A Club Deal is a relatively straightforward investment approach where investors pool their money to acquire a controlling or large stake in a business.
In the Middle East, foodservice companies traded on stock exchanges seem to be less exposed by comparison, but short-term liquidity is the biggest risk factor.
The combined business will act as a standalone entity comprising 73 hotels under 12 brands, including the Hoxton and Mama Shelter, and more than 150 restaurants and bars.
A marriage between the two firms would propel them far ahead of U.S. rival Marriott by number of hotel rooms, with over 1.6 million between the two.
The largest global event of its kind aims to raise funds that will provide direct and tangible financial relief for restaurants worldwide.
HN spoke to Aaron Allen, CEO and chief strategist of Aaron Allen & Associates to know more about how the region’s F&B scene would look.
As one of the world’s leading hotel companies, we remain committed to Lebanon and continue to operate IHG branded hotels in the country, including InterContinental Phoenicia Beirut.
From 24 June 2020, bar owners will be able to register their interest for the ‘Raising the Bar’ program via www.diageobaracademy.com globally.
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