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Eloise Hanson

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Soho House checks out of Wall Street

💸 Four years after its IPO at $14 per share, Soho House is going private again. MCR Hotels, with Ron Burkle and Yucaipa Companies maintaining control, will acquire remaining shares at $9 each, valuing the company at $2.7 billion. Since its IPO, Soho House has expanded from 28 to 46 properties. The deal, closing by year-end, aims to focus on long-term stability, with MCR’s Tyler Morse becoming vice chairman to guide global growth.
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Davidson promotes Gregory to lead Pivot and Eckert to EVP

📈 Davidson Hospitality promotes Nick Gregory and Paul Eckert as executive vice presidents. Gregory, formerly the SVP of strategic operations, will lead Pivot, Davidson's lifestyle division. He will focus on performance, asset value, portfolio growth, brand equity, and operational standards. Eckert, who joined Davidson in 2021, will handle operations and business intelligence, including data analysis and new revenue streams. CEO Thom Geshay praises their leadership and contributions to Davidson's excellence.
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The Mark Hotel appoints Kenchington as GM

📍 Elon Kenchington has been named general manager at The Mark Hotel in Manhattan, bringing over 30 years of hospitality experience. Previously, he held senior roles at The Curtain Hotel, The St. Regis New York, and others. The Mark Hotel boasts 106 rooms, 44 suites, 3 penthouses, 3 F&B venues, a Frédéric Fekkai salon, wellness services, and a seasonal sailboat.
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Ruby Stella acquired by LaSalle for £48 million

🏨 UK, June 2025: RE Capital sold the Ruby Stella hotel in Farringdon, London, to LaSalle Investment Management for £48 million. The hotel, featuring 153 rooms, a restaurant, and a bar, launched in November 2024 as Ruby's 20th European hotel. It boasts a BREEAM Excellent rating and an EPC A6. Savills advised RE Capital, with Constantine RE and Gowling WLG representing LaSalle.
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Canary Technologies raises $80 million 

💵 US: In June 2025, Canary Technologies secured $80 million in Series D funding led by Brighton Park Capital, elevating its valuation to $600 million. This funding will drive AI advancements and expansion. Canary collaborates with over 20,000 hotels in 100+ countries, including partnerships with Marriott, Wyndham, and Best Western. CEO Harman Singh Narula emphasizes AI's transformative role in hospitality, while Brighton Park Capital's Kevin Magan highlights Canary’s unprecedented growth and leadership in the sector.
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How loyalty is being redefined in the digital age

🏨 Hilton Honors saw a 147% growth, adding 128 million members in six years, compared to Marriott Bonvoy's 119 million. The Feed Your Mind hotelier breakfast, hosted at One Hundred Shoreditch, highlighted redefining guest loyalty beyond points to experiences and recognition. Challenges include consolidating guest data and using AI for personalization. Notable participants: Sky Business, Cycas Hospitality, and others. Contact Sukh McLatchie for Sky Business insights or Katie Houghton for event details.
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Adding value beyond the brand in residences

🏨 Boutique Hotel News, in partnership with Clyde & Co, hosted a Feed Your Mind event on branded residences at Mandarin Oriental Mayfair. This event highlighted the convergence of hospitality and living, with key discussions on managing residences within legal frameworks, planning control variances across countries, and service charge considerations. Companies like Aston Martin, Belmond, and Hyatt participated. Globally, branded residences command a 30% premium. Co-located hotels are favored for shared amenities and streamlined service charges.
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ABTA adds hotels to its partnership programme for first time

🏨 ABTA, a travel association, partners with Domes Resorts, marking its first-ever hotel member as of June 2025. Located in Portugal and Greece, Domes joins ABTA's 160 partners, gaining marketing and networking benefits within the UK travel sector. CEO George Spanos expresses pride, while ABTA's Claire Biddle emphasizes the value of trusted partnerships. The program, previously limited to airlines and services, aims to expand further with additional hotel partners.
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Shangri-La launches Signatures brand with opening in Hangzhou

🏨 Shangri-La Group unveiled its ultra-luxury brand, Shangri-La Signatures, in Hangzhou with The Silk Lakehouse. Opened in the former Xiling Hotel on UNESCO-listed West Lake, the property offers 68 rooms with scenic views and AI-responsive mattresses. Amenities include an indoor pool, four dining venues led by Michelin-starred chef Alan Yu, and a Personal Host Programme for customized activities. Future Shangri-La Signatures properties will focus on immersive experiences rooted in local heritage.
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