Topic: Hospitality Funding
The hotel-hostel hybrid has raised $100 million in a Series C financing round, bringing the company’s total funding to $225 million to date.
Israel's banks have granted an increased amount of credit to international hotel chains and private entrepreneurs in response to the rise in visitors expected in 2018.
Hotel owner and manager iNua Hospitality raised €40 million to fund its five-year growth strategy.
The International Finance Corporation (IFC) of the World Bank Group approved the loan.
Cycas Hospitality signed its first deal in France to manage Europe's first dual-branded Hyatt hotel.
The Israeli government has approved grants for developers to convert offices in Tel Aviv into hotels.
Prince Alwaleed bin Talal has sold his Four Seasons Hotel Damascus stake to a businessman linked to President Bashar al-Assad.
China's HNA Group is currently negotiating the sale of its 25-percent stake in Hilton Grand Vacations timeshare business.
Sunac and Nova will use a $3.2-billion fund to acquire and redevelop hotels, office buildings and shopping centers in China.
AccorHotels reached the final stages of a €6.6-billion deal to sell half of AccorInvest.