BUDGET HOTELS Morgan Stanley Fails To Unlock Value
Category: Hotels, Posted:16 Apr 2011 | 06:00 am
Financial institution Morgan Stanley's venture in China's budget hotel sector has been a closely watched docudrama.
While the firm had expected to transact their 59% shareholding in Shanghai Motel Management together with the two other shareholders, bids have fallen short of the expected USD1 billion sale.
The chain is the 5th largest budget operator on the mainland and many industry watchers had expected either China Lodging or Home Inns to be aggressive in aggregation strategies.
Sluggish share prices in the sector have been blamed for the less then sterling bid process.
Destination Ink Radisson For Patong HotelCategory: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]