b.courtin - 10 Minutes News for Hoteliers - Page 5

2 min

Corvex Management Acquires 6% Stake in Whitbread, Presses for Strategic Review of £3.5 Billion Investment Plan

💰 In December 2025, Corvex Management, led by Keith Meister, revealed a 6% stake in Whitbread, urging a review of its £3.5 billion investment plan. Whitbread CEO Dominic Paul plans an update by April's end. Whitbread may sell 20% of its hotel properties, raising £1.5 billion, while a €2.3 billion share buyback is considered. This marks a shift to an asset-light model, differing from its historical approach. Whitbread's strategy may change as it remains an active acquirer.

Palais Built by Frank Jay Gould in 1929 with 30 Million Francs, Survives Decades of Challenges and Changes

📅 Frank Jay Gould, an American billionaire, launched the Palais in January 1929 on the French Riviera, investing 30 million francs (about €20 million today), just before the global financial crisis. Co-founded with Édouard Baudoin and Joseph Aletti, the Art Deco palace faced stiff competition from the Casino du Ruhl. Despite high-profile acts, financial strains and a 1934 fire plagued operations, leading to its demise and later revival in 2004.

2 min

The Leela to Expand Luxury Hotel Portfolio with 10 New Projects, Including First International Venture in Dubai

🏨 In 2025, The Leela Palaces, Hotels and Resorts is a finalist in the Hospitality Awards, marking its place in India's growing luxury market. Founded in 1986, it operates 13 five-star properties across 11 cities, with over 3,500 rooms. Plans include 10 new projects, increasing their inventory to over 5,000 rooms, with three openings set for 2026 in Coorg, Jaisalmer, and Mumbai, plus an international debut in Dubai. The brand emphasizes "True Indian Luxury" to compete with giants like Indian Hotels and Oberoi Group.

1 min

UnderTheDoormat Raises $7 Million for Expansion After Merging with Veeve, Acquires 200 Homes from Onefinestay

💸 December 2023, UK: Veeve and UnderTheDoormat merged to expand holiday rental portfolios. September 2025: UnderTheDoormat raised $7M for tech growth and expansion in the Middle East and North America. Veeve acquired 200 homes in London and Paris from Onefinestay. Meanwhile, Onefinestay focuses on Southern Europe, the Caribbean, and the US, with Accor and Exclusive Resorts leading management. The new entity, Exclusive Collective, includes Exclusive Resorts, Inspirato, and Onefinestay.

1 min

Minor Hotels Launches Colbert Collection in London with WestDill Hotel Mayfair Opening in Q4 2023

📰 The Colbert Collection launches with the WestDill Hotel Mayfair opening in London in Q4, transforming a former NatWest bank into a 50-room hotel. Owned by Royal Group of Companies Singapore, it’s part of Minor Hotels' strategy to create a global portfolio of unique hotels. Led by Dilip Rajakarier, the collection emphasizes cultural and culinary experiences. Minor Hotels also owns The Wolseley Hospitality Group, managing several upscale UK venues.

2 min

French Hotel Sector Shows Resilience in March 2026, with Overall RevPAR Growth of 4.3% Led by Upscale Segment

🏨 March 2026 in France saw the hospitality sector's resilience against economic disruptions, with overall hotel occupancy increasing by 1.7 percentage points YoY. The Average Daily Rate (ADR) rose by 1.4%, pushing Revenue Per Available Room (RevPAR) up by 4.3%. The upscale segment led with a 4.1% RevPAR growth, while midscale recorded a 5.0% increase. The budget segment struggled, with a 7.5% RevPAR decline compared to two years prior. Q1 2026 saw a 3.5% RevPAR growth overall.

2 min

Hilton Paris Hotel Opens in 1966, Introducing Modern American Luxury and Design Near the Eiffel Tower

🏨 April 21, 1966, Paris: Conrad Hilton and Pierre Dumas inaugurated the first major modern hotel in Paris since WWII, located near the Eiffel Tower. The hotel, designed by architect Pierre Dufau, sparked controversy due to its modern, rectangular design contrasting with its surroundings. It featured air conditioning, direct-dial telephones, and remote-controlled TVs. Interior design by Raymond Loewy. This marked a significant shift in the hotel industry, encapsulating American modernity in Paris.

2 min

WorldHotels Launches Backdrop Tier, Expanding to Glamping with Initial Properties in the US and Honduras

🏠 WorldHotels, under BWH Hotels, now includes a fifth tier: WorldHotels Backdrop, focusing on upscale outdoor properties. Launching with Zion Wildflower Resort in Utah, Asheville River Cabins in North Carolina, and The Lodge at Pico Bonito in Honduras, these entries are part of a $4 billion 2025 global glamping market, projected to reach $8 billion by 2033. The segment targets Millennials keen on luxury nature experiences, leveraging a loyalty program with 66 million members.

Over 100 Investors Show Interest in Acquiring Revo's Portfolio Amid Insolvency Proceedings, Bids Due by April 26

💰 In April 2026, GT Restructuring initiated a bidding process for Revo's assets, with over 100 investors showing interest. Offers are due by April 26. The aim is to finalize a restructuring plan by summer 2026, covering 175 operating companies. Most hotels, mainly in Germany and Austria, are operating normally. Revo employs around 5,500 people. Amidst this, some property owners have opted to terminate contracts to regain control or sell their assets.

Choice Hotels Introduces Scenic Dreams Prototype at Sleep Inn with Early Success in Tennessee and Pennsylvania

🛌 Sleep Inn is introducing its Scenic Dreams design in North America with features like regionally inspired murals and floor-to-ceiling windows. New Sleep Inn properties are opening in Ashland City, Tennessee, and Middletown, Pennsylvania, showing a RevPAR premium of 1.71 and an LTR increase to 8.36. Over 40 hotels are planned using this prototype, adding to a network of over 550 properties across the U.S., Canada, and Mexico. Expansion to Europe is not currently planned.

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