Reading Time: 2 minutesUS: Benchmarking company STR, owned by CoStar Group, along with 10 hotel companies face a lawsuit claiming that the “exchange of competitively sensitive information” allows operators to set high prices.
Reading Time: 2 minutesUS: Hospitality company Sonder is set to make 106 corporate team members redundant, accounting for 17 per cent of the company’s overall workforce by the end of March.
Reading Time: 2 minutesEU: Amsterdam-based lifestyle hotel and hospitality company, Sircle Hospitality Group, will soon launch its initial public offering (IPO) backed by SMG Holding, an IPO sponsor focussed on European medium-sized businesses.
Reading Time: 2 minutesEMEA/APAC: Luxury hotel company Jumeirah Group has introduced its Exclusive Collection of suites and villas, located across Europe, the Middle East and Asia.
Reading Time: 2 minutesWorldwide: Membership club Soho House has revealed it could become private in the same statement which “fundamentally rejects” a report released by GlassHouse Research that claimed the business was worthless.
Reading Time: 2 minutesWorldwide: Representation company HotelREZ Hotels & Resorts has reported growth of more than 20 per cent in 2023, increasing its independent hotel, apartment, and group portfolio to over 2,500.
Reading Time: < 1 minuteUK: Aareal Bank provided a loan to investment firm Starwood Capital Group for the acquisition of eight assets within the Radisson Blu Edwardian London portfolio.
Reading Time: < 1 minuteUK: Global hospitality group Millennium Hotels and Resorts (MHR) has achieved the Green Tourism accreditation for all its owned and managed properties in the United Kingdom.
Reading Time: 2 minutesUK: University King’s College London and not-for profit organisation Energy & Environment Alliance have developed the Executive ESG Programme for Hospitality Leaders based on research involving 250 industry professionals.
Reading Time: 2 minutesUK: Independent hotel group Exclusive Collection has launched its latest Impact Report, which details its 2022/23 ESG initiatives, outcomes and future plans.
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