TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Thailand’s Bill Heinecke Takes On Europe

Category: Hotels, Posted:08 Jun 2018 | 07:52 am

Recently there have been many perplexed hospitality players who questioned the move of Bill Heinecke’s Minor Hotel Group’s acquisition of 25.2% share in European hospitality group NH.

Reading lips, the question raised were why such a small stake and not a controlling interest?

Everything has been made clear now as Minor who already owned 9.5% of the NH Hotel Group were allowed under Spanish Law, according to Hotel Management News to launch a takeover bid.

If the takeover bid prospers the end result of teaming NH’s European properties and Minor’s, would be a consolidated entity of over 540 hotels. 

It’s been a cat and mouse game at Spain-based NH, where China’s ailing HNA has been forced to sell, and the door opened for Minor to pass the 30% threshold and becoming a controlling entity.  

As to Heinecke’s broader ambition, the missing part of the parcel to become a global player is clearly North America. Could that be next on Minor’s hit list? Time will tell.

 

 

 

 

 

Other News

Read more

Phuket International Reopening Next Week

Category: Tourism, Posted:30 Sep 2020 | 09:33 am The resort island of Phuket is preparing to welcome 120 Mainland Chinese overseas travelers from Guangzhou next week on October 8th. As per government guidelines, the visitors will stay in Alternative Local State Quarantine (ALSQ) hotels for 14 days. According to news sources and the Phuket public health office, there are presently nine hotels approved […]
Read more

The Future of Virtual Versus In-Person Hotel Events

Category: Hotels, Posted:25 Sep 2020 | 13:48 pm C9 Hotelworks and QUO have put together a short survey we hope you will take. As we look to the future of events for the hospitality and tourism sectors, we’re curious to understand more about your expectations and appetite. How far will you be willing to travel (if at all)? What subjects will you be […]
Read more

Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]