Hotel Investment News
Dusit enters India with five new hotels
Thai hotel group Dusit International is fast tracking its expansion across India with the opening of five hotels and resorts in New Delhi, Jaipur, Rishikesh, and Goa by 2013.
AHG eyes £1.4bn debt restructure
The Alterntive Hotel Group, the chain behind some of Britain’s most prestigious hotels including Cameron House in Scotland and the De Vere chain, is entering talks with its lender Lloyds about restructuring its £1.4 billion debt due to concerns it may be unable to meets the repayment terms.
London’s Trocadero to be transformed into “pod” hotel
London’s Trocadero centre is to be turned into 500-room pod hotel offering budget rooms in the heart of town. The “Piccadilly Hotel” would be modelled on the Pod Hotel in New York. The aim would be to “offer a boutique experience at a no-frills price”, whilst also rejuvenating the flagging landmark building.
Blackstone mulls Hilton break-up
The Hilton group could be broken up under plans being drawn up by its owner Blackstone. Options include selling some of Hilton’s portfolios of hotels to rival chains, debt-for-equity swaps, as well as an IPO of parts of the group.
Pritzker dynasty to float Hyatt
One of the world’s richest dynasties is planning to float the Hyatt hotel chain in a bid to raise cash as travellers cut back sharply on luxury spending in the downturn. The secretive Pritzker family of Chicago hopes to raise as much as $1.15 billion (£685 million) in an IPO.