£1B Dalata Puts For-Sale Sign Up On Portfolio As It Considers Options
Dublin-based Dalata is set to explore all options for the company, including a possible sale, as it seeks capital to boost its expansion plans.
Dublin-based Dalata is set to explore all options for the company, including a possible sale, as it seeks capital to boost its expansion plans.
The revised forecast reflects pent-up travel demand cooling down and traditional hotel alternatives eating into demand.
The data breaches affected more than 300 million people worldwide.
Despite the down outlook, Host Hotels reported increased cash flow and revenue in the first quarter.
The boutique hotel company would fit in with Hyatt's recent acquisitions and overall plan to grow while remaining "asset-light."
Irish hotel group Dalata has announced plans to increase its total rooms to 21,000 and another major share buyback programme.
A projected dip in visitors has yet to materialize for NYC hotel owners, but many are still expecting a national downturn to arrive soon.
IHG is continuing its global growth with the acquisition of Ruby Group, which operates 20 hotels across Europe.
Property values for the hotels have dropped by more than half since the loan was originated.
DFW’s continued population growth, business-friendly environment and influx of corporate relocations have juiced the need for new hotels in the metro.
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