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b.courtin

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BNP Paribas AM Alts Appoints Karim Malak to Lead The Boost Society, Targeting €3 Billion Assets in 5 Years

💸 BNP Paribas Asset Management Alts, overseeing €300 billion, appoints Karim Malak to lead The Boost Society, targeting student housing and young professionals. With experience from BCG, Accenture, Adagio Aparthotels, and easyHotel, Malak aims to grow assets to €3 billion within five years. The platform merges hospitality with coliving, focusing on France and Spain. Malak's track record in European business expansion aligns with plans to establish a leading European student real estate platform.
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Louvre Hotels Group Appoints Florian Aubin as CFO to Drive Financial Transformation and Strategic Growth Plans

📈 Florian Aubin appointed CFO of Louvre Hotels Group, reporting to CEO Eduardo Bosch. This group manages 1,750+ hotels in 70 countries, including brands like Première Classe and Kyriad. Aubin is tasked with advancing the five-year strategic plan launched in December 2023, focusing on sustainable growth and financial transformation. He brings over two decades of experience, including roles at PwC and Atalian Group. Louvre Hotels Group is a subsidiary of Jin Jiang International Holdings, the world's second-largest hotel group.
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IHCL Targets 32,000 New Keys by 2027 Amid Asset-Light Expansion and 20% Growth in Management Fees

📋 IHCL CEO Puneet Chhatwal expects a year-long recovery for Taj Dubai hotels post-Iran-US conflict. Middle East expansion may exceed the planned five-year timeframe for 20 hotels. Despite this, IHCL's India operations thrive with 12-14% growth and a two-thirds RevPAR increase. The asset-light strategy boosts management fees by 20%, targeting €90 million. The Accelerate 2030 plan aims for 700 hotels and 32,000 keys in four years, with 30 openings in 2024 and 50 in 2026.
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Mubadala Capital to Acquire Pierre et Vacances S.A. with €1.90 per Share Offer, Delisting from Paris Exchange

💰 Major shareholders of Pierre et Vacances S.A., holding 58.6%, commit to tendering shares. Public shares need 80% tender by 2026, with a tender offer filing in Q1 2027. Mubadala Capital offers €1.90/share cum dividend and €1.79/share ex dividend, with potential to raise to €2.00. Preferred shares for management are priced at €40,000, while founder Gérard Brémond's shares are €190,000, with an option for €200,000. Delisting from Paris stock exchange requires approval on 30 September.
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Accor and IBKM Launch Global Program to Aid 20,000 Disadvantaged Youth in Employment by 2030

📈 Eight years ago, Fayza Lamari and Sébastien Bazin initiated a plan to help disadvantaged youth through the hospitality industry. Accor Group, with its CSR department and the IBKM Foundation, manages this global program designed for societal and professional integration of NEETs. Kylian Mbappé will promote it to his 220 million followers. The pilot phase starts in France, Morocco, Thailand, and Brazil, aiming to assist 20,000 young people by 2030 through training and internships at Ibis hotels.
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Hotels Risk Missed Revenue Opportunities by Using Strict Pricing Controls Instead of Dynamic Optimization Systems

🏨 Hotels face challenges in optimizing revenue due to strict pricing and inventory controls. Adopting dynamic systems that consider demand patterns and room type can help maximize occupancy and revenue, especially during high-demand periods. Advanced technologies that adjust room rates and availability based on demand create a balanced business mix, enhancing total revenue. In volatile markets, flexibility in automation becomes essential, as it allows precise response to demand changes, avoiding missed revenue opportunities.
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IHG Surpasses One Million Rooms Worldwide as Oyo Climbs Rankings Amid Wyndham's Setbacks in China

🏨 IHG surpasses a million rooms, joining the top hotel groups globally. Notably, Oyo, with its American acquisition G6, rises three spots, surpassing Accor. In 2025, Wyndham lost 68,000 rooms in China after contract issues with Tian Rui, impacting its global ranking. Meanwhile, Accor retains its 7th position. Hyatt's new deal with Dossen Group aims to boost its presence in China. Jin Jiang and BTH's growth is steadying, indicating maturity.
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Prism Life Plans IPO with Valuation Target of $7–8 Billion, Supported by Recent Operational Milestones

💰 Prism Life targets a $7–8 billion valuation for its IPO, down from a peak of $12 billion. The draft red herring prospectus, open for a 21-day public comment, launches this summer. Former SEBI Chairman joins the board to ensure governance. Founder Agarwal seeks liquidity to repay SoftBank debt. Recent milestones: G6 Hospitality acquisition, villa rental launch, and positive EBITDA boost investor confidence. The IPO timing depends on market and investor interest.
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Revo Hospitality Group Liquidates, 175 Properties in Germany and Austria Up for Bids; Oyo's Parent Among Bidders

🏨 Revo Hospitality Group, operating 175 properties mainly in Germany and Austria, filed for insolvency in January at the Charlottenburg District Court, Berlin. At its peak, Revo managed up to 250 hotels. By June, the group faced full liquidation, with 450 staff in Berlin made redundant. Administrators are marketing 120 contracts to five selected bidders from over 100 offers. Prism, Oyo’s parent, and Aroundtown are speculated to be among these bidders.
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