Meliá Italy expansion accelerates as the group strengthens its investment strategy in the Italian hospitality market. The company is allocating significant capital to reinforce its presence in key destinations, while focusing on rebranding, repositioning, and selective growth. Moreover, the strategy highlights Italy as a core pillar within its broader European development plan. The group plans...Read More
Xenia Hôtellerie Solution has signed a binding agreement to acquire 100% of Mare20. The deal is worth about €1.2 million and will be fully financed with the group’s own resources. This acquisition strengthens Xenia’s Accommodation division. It adds new expertise in incoming services and MICE while expanding the group’s revenue base. It also enhances commercial...Read More
In a move that has captured the global hospitality industry’s attention, Proprium Capital Partners, a prominent London-based private equity firm, has sold its 35% stake in Motel One, a budget design hotel chain rooted in Munich, for an impressive sum of 1.25 billion Euros. This transaction marks the transfer of majority ownership to One Hotels...Read More