Minor International has reached an agreement with HNA Group to purchase an equity stake of 25.2 per cent (on a fully-diluted basis) in NH Hotel Group in a two-tranche transaction valued at €619 million.
Minor International has reached agreement to acquire 30,000,000 shares in NH Hotel Group in a transaction valued at €192 million. Together with its existing shareholding, the deal will increase Minor’s stake in NH Hotel Group to 8.6 per cent on a fully diluted basis.
Avani Hotels & Resorts has appointed travel and lifestyle specialist PR agency GribbonBerry to handle communications for the UK media market with immediate effect.
Breaking Travel News chats with Michael Marshall, chief commercial officer, Minor Hotels as the Thai-based group signs for its third Avani property in Dubai. With new hotels also opening in Tunisia and Lebanon there is plenty to discuss at Arabian Travel Market 2018.
Avani Hotels & Resorts has revealed a new addition to its growing pipeline with the signing of Avani Hotel Suites & Branded Residences, currently being developed in Dubai by Alfahim.
Avani Hotels & Resorts has revealed the third Avani location in Bangkok will be along the capital’s main commercial, business, and leisure artery of Sukhumvit, in its up and coming On Nut and Phra Khanong neighbourhoods. Avani Sukhumvit Bangkok Hotel is schedule to open end of 2018.
Minor Hotels has revealed plans for Avani Central Melbourne Residences, its second Avani Hotels & Resorts property in Australia.
Michael Marshall, chief operating officer with Minor Hotels, tells Breaking Travel News about the recent launch of the Avani+ brand, the acquisition of Corbin & King in London, and the opening of the first Anantara hotel in the Americas, Maraú Bahia Resort.
Zoe Wall has been appointed as the new group director of spa, Asia, at Minor Hotel-owned MSpa International, based in Bangkok. She brings a wealth of global experience and a unique record of success to her new role, having worked in locations from the Caribbean to the Middle East.
Minor Hotels will debut its Oaks brand in Lebanon later this year. The group has signed a management agreement with Allied Investment Group to operate Oaks Beirut.
Avani Hotels & Resorts will launch its first hotel in the historic town of Luang Prabang, a UNESCO World Heritage Site in northern Laos. The 53-room hotel is located on a narrow peninsula at the joining of the Nam Khan and Mekong Rivers.
Minor Hotels is launching a selection of river cruises replete with the colonial romance of river travel but with a modern twist and bespoke itineraries.