Topic: International Hotel Investments
Savvas Perdios, COO of Louis Hotels, believes demand for three-star hotels is set to rise across the Eastern Mediterranean.
The operator is seeking investment opportunities in an Indian tourist hub.
China-based investor Tencent is in talks to lead a $300-500-million round of funding for the Oyo Rooms hotel brand.
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.
The Cuban Ministry of Tourism (MINTUR) has named the capital city of Havana a priority destination for tourism investment.
Mauritius experienced another year of record tourism arrivals in 2017, driving positive hotel operating performance.
Israel’s hotel market is expected to see a second year of strong growth in 2018 as visitor numbers continue to rise.
Croatia is set to add 6,000 new hotel guestrooms to its inventory by 2022. The market's inventory will also have an additional 3,700 renovated guestrooms by then.
Elliott Management and Apollo Global Management have been named as potential bidders for HNA Group's NH Hotel Group stake ahead of this week's deadline.
NBG Pangaea Real Estate Investment acquired the Lazart Hotel in Thessaloniki, Greece for €7 million.