Minor International Plc, the country’s largest hospitality company, is targeting revenue growth of at least 20% this year, its chief executive says, banking on a strategy of higher room rates and the return of Chinese tourists.
COIMA sells Hotel Excelsior in Venice to London & Regional, Azora purchases the Sheraton Rhodes Resort in Greece from Lampsa, PERIAL acquires the Almar Jesolo Resort & Spa near Venice, Pandox agrees to acquire Hotel NH Brussels Louise from NH, MHRE acquires building on Madrid’s Golden Mile for five-star hotel conversion, Union forward buys 25hours Hotel Copenhagen Paper Island from Danish developers, The Central House acquires Spanish chain Rodamón Hostels, SORAVIA and Eckhard Brockhoff acquire Hotel Bredeney in Germany, Hotel Florhof in Zurich acquired by private investors Silvio Denz and Peter Spuhler.