TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Hyatt Taking Over Two Roads Hospitality

Category: Hotels, Posted:09 Oct 2018 | 06:48 am

Consolidation on the hotel map is continuing unabated, with the latest news being global operator Hyatt Corporation announcing a deal to acquire Two Roads Hospitality for a reported USD480 million.

Two Roads is a boutique multi-branded management group that includes Alila, Commune, Thompson and Joie de Vivre, whose total portfolio is 85 properties.

According to press reports the deal is expected to reach USD600 million once final adjustments are made which could equate to a multiple on earnings of 12, once integration is complete. 

This is the second recent acquisition for Hyatt, with the other being the wellness group Miraval. 

 

Other News

Read more

New Khao Lak And Phang Nga Report from C9 Hotelworks

Category: Tourism, Posted:24 Nov 2020 | 06:00 am While the country’s doors remain firmly shut to international tourists, Thailand’s domestic travel wanderlust has turned Khao Lak into an Instagram hero. In the first two months of this year according to research by consulting group C9 Hotelworks’ new Khao Lak Hotel Market Update occupancies soared above 80 percent. With the COVID-19 lockdowns occupancy plunged […]
Read more

Two Great Virtual Online Hospitality Events This Week

Category: Tourism, Posted:23 Nov 2020 | 10:11 am It’s a busy week for C9 Hotelworks and Delivering Asia Communications web series on hot travel markets and emerging trends. On Wednesday 25th November  is Hostels + Hybrid Hotels. Dig the vibe and dive deep with an eclectic set of experts from across Asia and Europe. One clear sign of pandemic travel resurgence is millennials, groups […]
Read more

Khao Lak And Phang Nga Market Update Next Week

Category: Tourism, Posted:18 Nov 2020 | 10:06 am C9 Hotelworks and Delivering Asia Communications hit to the road north of Phuket with a special Khao Lak and Phang Nga tourism and hotel update. The one-hour event will be held on Thursday 26th November, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong. Register free at the following LINK. This special offering is a view […]