TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Starwood Is Talk Of The Town

Category: Hotels, Posted:30 Oct 2015 | 10:57 am

My latest trip has been to a hotel event in Manila where talk amongst hospitality industry types is centering on news that leading global hotel group Starwood are in transaction mode.

The most frequent references over the past week or so center on three China-based firms who are eying to buy Starwood. These are Jin Jiang, China Investment Corporation and HNA. All of these parties clearly have the financial clout to do the deal. 

Market speculation took a spin over news in Hotels Magazine online two days ago that Hyatt was in the fray and looking at a possible deal.

For now it’s a wait and see, but a China play makes the most sense given the voracious appetite for hospitality assets and brands.

Meanwhile chatter about a possible move by IHG to acquire Fairmont Raffles has continued, yet has now been pushed off center stage by what could be an impending Starwood deal.

At stake is an impressive brand stable including St. Regis, W, Sheraton, Westin and Le Meridien. The hotel business is precisely that, and at the end of the day Wall Street needs to take profits at some point so it’s highly likely the group could trade.

Stay tuned.

 

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 […]