ARCO completed the acquisition of Tamkeen Company
This marks the third brand to join ARCO’s portfolio, which already includes food brand Pep&co and the newly launched Assemble.
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.
Accor to create world’s largest lifestyle hotel company
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.
Will Accor and IHG merge to form the world’s biggest hotel chain?
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.
InterContinental Le Vendôme Beirut sold, to cease operating as an InterContinental branded hotel
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.
Umrah Sahla Travel and Tourism acquires OTA MyHotels.SA
MyHotels.SA is a full service, global travel agency, with multi-tiered packages: Flight reservations, airport transfers, and accommodations.
Qatari investor acquires The Ritz London
The hotel will remain closed due to the Covid-19 pandemic, and will reopen its doors as soon as it is safe.
Chinese Huazhu Group buys German Steigenberger hotels from Egyptian entrepreneur
Egyptian tourism entrepreneur Hamed El Chiaty’s Travco Travel has bought the group from the Steigenberger family in 2009.
CoStar Group to acquire STR for USD 450 million
STR aggregates data from over 65,000 hotels worldwide, representing nearly nine million guest rooms in over 180 countries.
