Eloise Hanson - 10 Minutes News for Hoteliers - Page 14

2 min

Auberge Resorts Collection appoints EVP global operations

🖤 Mohamed Elbanna appointed as EVP of Global Operations at Auberge Resorts Collection, based in Bethesda, Maryland. With over two decades of experience, Elbanna previously served as COO for Fort Partners US and Global Head of Operations at Citadel. Auberge recently opened locations in Florence and Geneva, with anticipated launches in London (late 2025), Miami, Dallas, and Houston. Elbanna will oversee operations across Auberge’s portfolio, enhancing the brand's luxury hospitality vision.

2 min

Starhotels acquires Hermitage Hotel Forte dei Marmi

🏨 Italy's luxury hotel group Starhotels has acquired Hermitage Hotel & Resort in Tuscany, set to join Starhotels Collezione post-2025 summer. The Forte dei Marmi property spans one acre, boasting 59 rooms, a vegetable garden, and future plans for a new spa. This acquisition marks Starhotels' expansion into resorts, 45 years after its Tuscan origins. Recent openings include Hotel d’Inghilterra (Rome, September 2024) and upcoming Hotel Gabrielli Venezia and Teatro Luxury Apartments Firenze.

2 min

Duetto acquires financial benchmarking platform HotStats

💸 Duetto, a revenue management software provider, acquired financial benchmarking platform HotStats. The HotStats team will join Duetto, but financial terms were not disclosed. HotStats offers financial insights for hotel property performance against competitors. Duetto aims to unify various revenue streams into one platform. Duetto, serving over 6,300 hospitality properties worldwide, was acquired by GrowthCurve Capital last year. The acquisition is set to enhance revenue and profit optimization for hotels. Financial advisory by Houlihan Lokey and legal counsel by Orrick, Herrington & Sutcliffe for Duetto, with Gately plc for HotStats.

2 min

IHIF EMEA 2025: Re-globalisation sparks investor pivot

🏦 The International Hospitality Investment Forum (IHIF) EMEA 2025 convened at the InterContinental Berlin, with over 190 leaders sharing insights on global trends in investor and operational strategies. The event coincided with President Trump's 'Liberation Day', where speakers like Alexander Börsch of Deloitte discussed geopolitical trends, including de-globalisation. Jon Sopel emphasized market and consumer confidence impacts due to "strong-man politics". Europe, especially Southern and Eastern regions like Greece and Croatia, were highlighted as growing investment and tourism hotspots. Notable attendees included Accor, Marriott, Radisson, Hyatt, IHG, and Blackstone. Nicola Bandera received the Young Leader Award for his contributions to hospitality, while Pygmalion Capital was honored with the HAMA Europe Asset Management Achievement Award for their Project Arno portfolio in Florence.

1 min

London bank acquired for luxury boutique hotel conversion

🏦 Royal Group, led by Singaporean billionaire Asok Kumar Hiranandani, purchased 63-65 Piccadilly in London for £65 million. The company plans to invest an additional £45 million to convert the former NatWest Bank into a 50-suite luxury boutique hotel. The £110 million project is set to be completed by end of 2026 and could charge £1,000 per night. Architecture firm Ritchie Design Partners is tasked with design services for the transformation.

2 min

Haymarket Hub to reopen under Garner Hotels

🏨 Palm Holdings will reopen Edinburgh's Haymarket Hub Hotel under IHG’s Garner Hotels brand in June after a £2 million investment. Spacebrand designs the refurbishment, led by Fitzsimons, incorporating energy-efficient VX4 Smart Thermostats. The hotel, supporting social causes, will donate £1 per guest to Action Against Hunger. Garner Hotels, launched in August 2023, has 23 open hotels and 94 in development, with Haymarket joining 61 European properties.

2 min

Dorchester Collection names Leboeuf as CEO

🏨 Philippe Leboeuf appointed CEO of Dorchester Collection, starting June 2025. Previously, Leboeuf managed Raffles London's opening and served 11 years with Mandarin Oriental. Dorchester Collection's portfolio includes properties in London, Paris, Milan, Rome, Dubai, Beverly Hills, and an upcoming hotel in Tokyo. Residences are located in London and Dubai, with The Alba Residences set to open in 2028.

2 min

Miiro opens debut hotel in Paris

🏡 Miiro launched its first property, Le Grand Hôtel Cayré, in Paris' Saint-Germain-des-Prés in partnership with Michaelis Boyd. The hotel offers 123 rooms and suites, a signature Refresh Room, restaurant Annette, bar Officine Bac, and other amenities. Miiro, a venture by InterGlobal Enterprises, was established in December 2023. Future openings include Barcelona and London, targeting early 2025.

1 min

Criterion acquires retail store for debut Zedwell in Scotland

🏨 Criterion Capital acquires former Debenhams store at 109-112 Princes Street, Edinburgh, to open the first Zedwell hotel in Scotland. Occupying over 116,500 square feet, the Edinburgh Zedwell is positioned near Old Town, the Royal Mile, and offers views of Edinburgh Castle and Princes Street Gardens. Criterion plans a UK-wide expansion with a pipeline of 22 hotels and over 7000 rooms, aiming for assets under management to exceed £6 billion. JLL advised Criterion on the acquisition. Edinburgh is considered the best performing hotel market in Europe.

2 min

Room Mate Hotels acquires Staying Valencia

🏨 Room Mate Hotels acquired Staying Valencia, adding over 500 rooms and five restaurants to its brand. With this, Room Mate's portfolio grows to 32 hotels across Spain, Italy, the Netherlands, the UK, and Turkey. TPG Angelo Gordon and Westmont Hospitality, Room Mate's co-owners since 2022, support the brand's growth trajectory, aiming for a €40 million EBIT and a debt-free status by 2025. Advisors included Clifford Chance, Perez Llorca, Jones Lang LaSalle, PwC, and Arcadis, with JJL advising Staying Valencia.

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