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

C9 Hotelworks Releases Mid-Year Phuket Hotel Market 2023

Category: Hotels|Tourism, Posted:10 Sep 2023 | 15:42 pm In the first half of 2023, Phuket experienced a resurgence, signaling a promising path toward recovery. International and domestic flights both saw significant increases, accounting for 75% of the total flights in 2022. Airlines and travelers alike are eager to reengage with Phuket’s offerings. In terms of passenger arrivals, the first half of 2023 displayed […]
Read more

The Green Minute – PHIST 2023

Category: Hotels, Posted:10 Sep 2023 | 14:11 pm For those of you who missed PHIST 2023 and those of you who did attend, please find a selection of video short Green Minutes from the event. Sustainability has to be a priority for the hotel and travel sectors and hopefully the ideas and messages here, give you your own inspiration to go green. PHIST […]
Read more

TG’s Big Birds Set To Fly Phuket Bangkok Route Again

Category: Tourism, Posted:08 Sep 2023 | 16:14 pm One good indication of Phuket’s return to tourism recovery is airlift growth. Making news this week is Thai Airways International’s reported resumption of service on the high-traffic Phuket Bangkok route. The airline will start a once-daily right on 1st October 2023. Thai Smile (WE) will still operate other flights til the end of November when […]
SiaJai logo

Thailand's Leading Homecare Marketplace