AHIC 2021: 16 mega announcements during the show’s 17th edition
AHIC provided the launchpad for a number of hospitality startups and was the venue for several new hotel signings and industry announcements.
UNWTO: investing in travel and tourism is essential after Covid-19
Zurab Pololikashvili said: “Well-targeted investments can stimulate entrepreneurship, create jobs and drive tourism’ green transformation”.
Bill Gates buys large stake in Four Seasons Hotels & Resorts
Gates’s Cascade Investment LLC will payUSD 2.2 billion in cash to boost its stake in Four Seasons Holdings to 71.25 percent from 47.5 percent.
ADNEC acquires DoubleTree By Hilton London ExCel
The announcement comes in line with ADNEC’s long-term investment strategy aimed at diversifying its business across the group.
Life as a unicorn: What does Kitopi have under its belt?
Following Kitopi’s investment, HN spoke with Mario Arjan, the company’s managing director, UAE, to learn about the company’s upcoming plans.
Art of the Club deals and how restaurants can benefit
A Club Deal is a relatively straightforward investment approach where investors pool their money to acquire a controlling or large stake in a business.
Eye on the F&B’s investment landscape post COVID-19
If the pandemic is controlled at the beginning of 2021, investment flow will resume towards the new business models.
CityCenter sells Mandarin Oriental Las Vegas for USD 214 million
CityCenter is jointly owned by a wholly owned subsidiary of MGM Resorts International and Infinity World Development Corp (a wholly owned subsidiary of Dubai World).
Louvre Hotels’ Amine Moukarzel highlights the global shift impacting the MENA region
Challenges are numerous as we progress in certain cities with new projects whereby the cost of construction is key.
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