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Accor Takes Full Ownership of sbe Hotel Brands
Accor | November 25, 2020
Paris, November 25, 2020 - As part of its simplification and asset-light strategy, and with the ambition of accelerating its momentum in the fast-growing Lifestyle hospitality sector, Accor today announces the signing of binding agreements on a new sbe Group’s ownership structure. Under the terms of these agreements, Accor is taking full ownership of sbe’s Hotel asset light business including the Delano, Mondrian, SLS, and Hyde hotel brands along with most of sbe’s Food & Beverage brands including Cleo, Fili’a or Carna by Dario Cecchini. These brands will be at the heart of Accor’s newly created global Lifestyle platform (
The Axton Group Acquires the Renaissance Austin Hotel in Texas for $70 Million
The Axton Group | November 25, 2020
SAN FRANCISCO, November 25, 2020 – An affiliate of The Axton Group (“Axton”) today announced the firm has closed on the acquisition of the Renaissance Austin Hotel for $70 million. The 492-room, full-service hotel in north Austin is one of the city’s largest hotels, with spacious guest rooms including 88 suites, many upscale amenities, and spectacular views of the Texas Hill Country and the downtown Austin skyline. The hotel features 77,600 square feet of indoor and outdoor meeting and event facilities. Like all hotels across the country, Renaissance Austin Hotel’s occupancy is currently low as a result of COVID-19. The city of Au
PM Hotel Group Names Sage Patel to the Newly Created Role of Corporate Director of Capital Strategies
PM Hotel Group | November 25, 2020
CHEVY CHASE, Md., Nov. 25, 2020 -- PM Hotel Group today announces the promotion of Sage Patel to the newly created role of Corporate Director of Capital Strategies. In this new position he will be responsible for developing, managing, and helping implement programs and projects that support PM Hotel Group's vision, drive improved hotel performance, and add owner value. "As we continue to grow and identify opportunities to increase valuation through asset optimization and enhanced services and guest experiences, I am confident that Sage's combination of analytical thinking and creativity will help position us for successful innovation i
The Rand Tower Hotel, Minneapolis, a Marriott Tribute Portfolio Hotel, to Open December 2nd
Rand Tower Hotel, Minneapolis | November 25, 2020
(MINNEAPOLIS; November 25, 2020)—Rand Tower Hotel, Minneapolis, a Marriott Tribute Portfolio Hotel managed by hospitality leader Oxford Hotels & Resorts LLC, announces the hotel opening located at 527 S. Marquette Avenue on Wednesday, December 2, 2020. With its prime address on the corner of Sixth and Marquette in downtown Minneapolis, Rand Tower Hotel offers modern travelers a vibrant, story-rich experience in the meticulously restored Art Deco-era Rand Tower, now enhanced with exciting food and beverage options, elegant meeting spaces, and stylishly detailed guest rooms. A contemporary embodiment of the aviator, war hero, and Twi
Accor & Ennismore Enter Negotiations to Form Lifestyle Entity
Ennismore | November 25, 2020
Accor & Ennismore today announced they are entering into exclusive negotiations to form the world’s leading lifestyle operator in the hospitality sector, focusing on one of the fastest growing segments of the industry. Through this all-share merger, a new autonomous and fully asset light entity will bring together an unrivalled portfolio of world class brands, including The Hoxton, Gleneagles, Delano, SLS, Mondrian, SO/, Hyde, Mama Shelter, 25hours, 21c Museum Hotels, TRIBE, JO&JOE and Working From_. The new entity will be headquartered in London and will take the name Ennismore. Sharan Pasricha, Founder and CEO of Ennismore
Hotel Colee, an Autograph Collection Hotel, Is Set to Open December 1st in Atlanta, Georgia
Autograph Collection Hotels | November 25, 2020
Atlanta, GA - November 25, 2020 – Hotel Colee opens December 1 in Buckhead as a member of Autograph Collection Hotels. Each of the almost 200 hotels in this diverse and dynamic global portfolio is carefully curated with vision, passion and dedication to craft. Selected for their distinct perspectives on design and hospitality, Autograph Collection Hotels offer enriching experiences that leave a lasting imprint and Hotel Colee is no exception. In creating the neighborhood’s first Autograph Collection hotel, owner Woodbine Development Corporation and operator Practice Hospitality, both of Dallas, TX, have crafted nothing less than the
The Great American Winter Road Trip and Your Hotel
Larry Mogelonsky | November 25, 2020
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) Much has been written over the summer of COVID-19 about the resurgence of the Great American Road Trip, as millions were forced to rediscover the hidden gems of their own state or nation, instead of taking an international flight. Now with the virus continuing to plague our news cycle and our ability to open borders, it’s not unreasonable to assume that many travelers will perpetuate the drive-to hotel trend we’ve seen thus far. Many of you may initially scoff at this as the whole idea of the long cross-country drive is traditionally predicated on warm weather to make for a plea
Mövenpick to Debut in Australia With Opening of Mövenpick Hotel Hobart
Mövenpick | November 24, 2020
Australia, 24 November 2020 – Accor’s premium Swiss-born hospitality brand, Mövenpick, together with Singaporean-based global hospitality group, Global Premium Hotels, have signed a hotel management agreement to open the first Mövenpick hotel in Australia. Slated to open in mid-January, Mövenpick Hotel Hobart is set to be a warm, contemporary designed hotel with a cosmopolitan vibe that invites exploration and discovery. Located on Elizabeth Street, one of Hobart’s principal heritage streetscapes, and close to the bustling Hobart waterfront, the new build hotel is within close reach of the city’s key commercial, retail and leisu