Fusion Hotels acquires Glow to create leading regional hotel brand
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Fusion Hotels & Resorts has announced that it has acquired Glow Hotels & Resorts in a transaction that will create one of the region’s strongest hospitality brand and management platforms. The strategic move will solidify Fusion Hotels & Resorts’ standing as a leading hotel brand and management company and position it well for future growth in the highly dynamic and fast-growing Southeast Asian tourism markets.
Fusion is Vietnam’s most recognised domestic hotel brand and management company. Glow, based in Thailand, has developed and been operating hotels in Thailand, Malaysia, and Vietnam. The new merged group will operate under Fusion with nearly up to 4,000 rooms combined under management.
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The end of offices? New York s business districts face uncertain future AFP 1/27/2021 AFP © Angela Weiss In the pre-Covid-19 era the streets of midtown Manhattan would be teeming with people - but now New York s famous business districts are struggling to survive
Boarded-up stores, shuttered restaurants and empty office towers: Covid-19 has turned New York s famous business districts into ghost towns, with companies scrambling to come up with ways to entice workers to return post-pandemic. If they don t come back, we re sunk, said Kenneth McClure, vice president of Hospitality Holdings, whose Midtown bistro pre-coronavirus would buzz with the sound of financiers striking deals at lunch and sharing cocktails after a hard day at the office.
The end of offices?
AFP, NEW YORK
Boarded-up stores, shuttered restaurants and empty office towers: COVID-19 has turned New York’s famous business districts into ghost towns, with companies scrambling to come up with ways to entice workers to return post-pandemic.
“If they don’t come back, we’re sunk,” said Kenneth McClure, vice president of Hospitality Holdings, whose Midtown bistro pre-coronavirus would buzz with the sound of financiers striking deals at lunch and sharing cocktails after a hard day at the office.
The group has closed its six restaurants and bars in Manhattan, two of them permanently, due to lockdown restrictions that have paused office culture a culture as intrinsic to the Big Apple as a Broadway show, a yellow taxi or a slice of cheese pizza.