Generator names Mufraggi as CEO
Movers and Shakers

Generator names Mufraggi as CEO

Reading Time: 2 minutesWorldwide: Xavier Mufraggi, former CEO of Club Med, has been appointed chief executive officer of hostel brand Generator as the company plans to double its footprint by 2030. 

The investor perspective: RECHARGE 2022, Paris
Industry

The investor perspective: RECHARGE 2022, Paris

Reading Time: 3 minutesFrance: Hospitality and real estate professionals from across Europe travelled to Paris for the latest iteration of International Hospitality Media’s interactive RECHARGE event.

Experimental Group plans US/EU expansion
Industry

Experimental Group plans US/EU expansion

Reading Time: < 1 minuteUS/EU: Following €350 million investment from Brookfield Asset Management, Experimental Group is looking to open around 15 hotels in the US and the UK. Plans include the opening of between 10 and 15 hotels by 2024 along the US West Coast and New York. Four to five new hotels are

Movers and Shakers

Mark Carney joins Brookfield to launch ESG

Reading Time: < 1 minuteCanada: Mark Carney, the former governor of the Bank of England, has been appointed as vice chair and head of ESG and impact fund investing at Brookfield Asset Management. Carney will be responsible for expanding on Brookfield’s existing ESG investing, and will develop a group of funds that combines positive

Industry

Brookfield to buy Leela hotels for ₹4,500 crore

Reading Time: 2 minutesIndia: The deal marks Brookfield Asset Management’s entry into India’s hospitality and boosts Hotel Leelaventure. According to three people familiar with the development, Canada’s Brookfield Asset Management is close to buying at least four of five luxury hotels and a large land parcel owned by debt-ridden Hotel Leelaventure Ltd for