Keyword: LMEY Investments
The U.K.-based “white knight” has agreed to buy all 555 former TC retail outlets after the tour operator shut down operations on Sept. 23.
After raising €40 million to invest in hotels around the Mediterranean, Thomas Cook Hotel Investments may face competition in its hunt for real estate.
The move will help the company focus on its core own-brand and partner properties while offering greater choice at less cost.
As competition builds in key markets such as Spain, the tour operators have found that, in order to maintain supply, they must commit their own money.
Thomas Cook has partnered with LMEY to develop Aldiana hotels across Africa and Egypt.
What should investors look for when considering a Mediterranean hotel? Marc Sontag, COO of LMEY Investments, has some tips.