China Takes On Club Med
Category: Hotels, Posted:27 Jun 2013 | 08:49 am
It looks as if a deal will be struck in the takeover bid of hospitality giant Club Med.
A pairing of the Chinese group Fosun International and French private equity firm AXA looks set to succeed in controlling the chain.
The move comes at a time when the group has already been shifting away from legacy markets and is focusing on China.
With a move from being leveraged into Europe plans call for wider expansion into South America and also Eastern Europe.
While the chain has drifted in recent years away from it's all-inclusive focus, it will be interesting to see where the brand DNA will go given the changes in ownership.
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 […]