iamge
in Asia

Starwood Capital entering China joint venture

Starwood Capital Group and Shimao Property Holdings will form a joint venture, collaborating on building, operating and branding hotels.Shanghai-based Shimao and Starwood Capital will own 51% and 49% of the new company, respectively. The companies didn’t disclose how much they…

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in Africa

Weaker rand: more pros than cons

While South Africa’s recent downgrade in credit rating and the depreciated rand may bring more tourists, the increase in arrivals is likely to be somewhat negated by higher operational costs, keeping the sector on its toes.Last week, both Standard &…

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in Oceania

Qantas prepares to switch on in-flight Wi-Fi

Qantas has switched on in-flight Wi-Fi for customers travelling on board its internet-capable Boeing 737-800, offering fast, free connectivity on Australian domestic flights.Following months of performance testing with global broadband services provider ViaSat and the Sky Muster satellite service, Wi-Fi…

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in North America

KSL Capital, Aspen Skiing team up to buy Intrawest

Ski resort operator Aspen Skiing Co. and private-equity firm KSL Capital Partners have formed a joint venture that will acquire Intrawest Resorts Holdings, in a move that will likely form the most formidable competitor to Vail Resorts.KSL and Aspen will…

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in News

LXA joins Global Restaurant Investment Forum line up

LXA has confirmed its participation in the Global Restaurant Investment Forum 2017, taking place April 10th-12th at the Fairmont Hotel, The Palm Jumeirah.The three-day annual networking event, powered by Michelin, aims to together investors, owners, franchisors, and senior hospitality professionals…

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