Starwood Capital Group, a leading global private investment firm, announced yesterday that it has acquired, through a controlled affiliate, The Roxburghe, a landmark hotel in Edinburgh, Scotland. Terms of the transaction were not disclosed.
Once upon a time, the lodging industry was so simple. We built structures for travel respite and guest congregation. We started on well-traveled routes, moved into population centers and established unique, upscale accommodation for the many global resort sites of interest and intrigue. But, it was not enough!
Amsterdam is proving to be the European destination of choice this summer with hotel committed occupancy in the month of August at an average of 54.8 per cent. The first weekend of the month (the nights of Friday 1 and Saturday 2 August) currently has almost three quarters of all hotel rooms filled 71.3 per cent and 74.8 per cent respectively.
Both Barcelona and Milan recorded growth in gross operating profit per available room (GOPPAR) of 8.5% and 4.1% respectively in June, confirming the first semester and the rolling 12 months to June profit surges, according to the latest data from HotStats.
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