TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

STARWOOD CAPITAL Trading Luxury For Budget Hotels

Category: Hotels, Posted:04 Feb 2010 | 06:00 am

It's been reported in the financial press that Starwood Capital head Barry Sternlicht has said the group is looking to dispose of some luxury assets in order to create more critical mass in the budget hotel sector. Starwood is a leading privately held investment management firm.
While the group is well known for its acquisition in the mid 90's of Starwood Hotels and Resorts along with brands Sheraton, Westin, Le Meridien, St. Regis and W, Sternlicht left in the 2005 to focus on the investment group and expanding international acquisitions.
It's acquisition of Groupe Taittinger/Société du Louvre with its SDL hotel group of over 800 budget hotel Europe saw a large foray into the budget tier. This was further reinforced in 2009 as the group acquired Golden Tulip Hospitality BV who have 260 hotels in 45 countries along with core brands Golden Tulip and Tulip Inn.
According to industry watchers the budget segment is widely attracting more institutional investors due to its lower investment and development profile along with recurring cash yields. In Phuket Golden Tulip recently signed the Mangosteen Resort and have 5 new hotels under development in Thailand.

Other News

Read more

Hotel White Label, Third Party Operator and Franchise Event

Category: Hotels, Posted:27 Oct 2020 | 08:55 am C9 Hotelworks and Delivering Asia Communications have organized a highly-relevant virtual event called “White Label Session – The Sequel, Insights into Hospitality Third-Party Operators and New Options for Hotel Owners”. The live webinar will be held on   Wednesday 4th November, 2:00 pm Bangkok Time | 3:00 pm Singapore/Hong Kong. Free registration is available HERE. A hospitality-focused virtual […]
Read more

Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
Read more

Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]