U.K. hotel stay costs £76 more than in Europe: The cost of staying in a hotel in the U.K. for business travellers is £76 more expensive than in Europe, as the weakening euro makes a visit to the continent more appealing, a new study of released yesterday shows.
7 Jun '15
Reubens check in: Two billionaire brothers have taken control of the Grosvenor House in London and two other luxury hotels in New York through an $850 million (£550 million) debt deal.
30 Apr '15
Cheng family strikes $2.4 billion HK hotel deal with Abu Dhabi: Hong Kong’s Cheng family has teamed up with Abu Dhabi in a joint venture that values three of the territory’s prime hotels at $2.4 billion
24 Apr '15
Qatar buys Hotels
Qatar buys Claridge's from Barclay brothers Deal ends four years of litigation over control of group including The Berkeley and Connaught
17 Apr '15
- Shares in Intercontinental Hotel Group turned positive in late trade on Friday, with traders citing market chatter that the hotel firm could be subject to a bid from a U.S. firm. The hotelier spiked as much as 1.1 percent higher, before closing up 0.2 percent at 2,722p, well off its session low at 2,684.5p. The company traded twice its 90-day average volume. InterContinental Hotel Group declined to comment on the speculation. (Reporting by Alistair Smout; Editing by Lionel Laurent)
12 Mar '15
Hyatt Hotels eyeing up purchase of luxury Grosvenor House Hotel: Hyatt Hotels is considering purchasing the Grosvenor House Hotel in London, after the landmark building was put up for sale earlier this month.
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