Reading Time: < 1 minuteUAE: Hotel management company Valor Hospitality Partners has entered into a joint venture with Investment Corporation of Dubai (ICD), the main investment arm of Dubai.
Reading Time: < 1 minuteWorldwide: Preferred Hotel Group, the parent company of Preferred Hotels & Resorts, Beyond Green, PTG Consulting and others, has rebranded to Preferred Travel Group.
Reading Time: < 1 minutePortugal: Davidson Kempner Capital Management LP, Highgate and Kronos (the consortium) have acquired the Portuguese investment manager ECS Capital in an undisclosed deal.
Reading Time: 2 minutesIndia: The proposed initial public offering [IPO] for Indian hospitality chain OYO is set to be delayed once again after the national capital markets regulator asked its parent company to refile its draft IPO papers with certain updates.
Reading Time: < 1 minuteItaly: Auberge Resorts Collection has entered a long-term deal with A.S. Roma football club to become the club’s main global partner.
Reading Time: < 1 minuteGreece: Metaxa Hospitality Group will launch the Santo Collection, comprising three sustainable luxury properties in Santorini, in spring 2023.
Reading Time: 2 minutesUK: Mactaggart Family & Partners (MF&P), the majority owner of The Resident hotel group, has refinanced with NatWest to pursue development projects and acquisitions.
Reading Time: 2 minutesWorldwide: A global survey by Kimpton Hotels & Restaurants, part of IHG, has revealed that 85 per cent of consumers think social media travel content should be more inclusive.
Reading Time: 2 minutesUS: Highgate has entered into a definitive agreement to purchase LA-based Viceroy Hotels & Resorts, with the transaction expected to close in early 2023.
Reading Time: 2 minutesPeru: Peruvian apartment rental startup Wynwood House has closed a $7 million seed round in equity and debt to fund its expansion further into and beyond Latin America.
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