Minor International (MINT) announced today that it has reached agreement to acquire 30,000,000 shares in NH Hotel Group in a transaction valued at EUR 192 million, which together with its existing shareholding will increase MINTs stake in NH Hotel Group to 8.6% on a fully diluted basis.
As part of a major reinvestment, IHG (InterContinental Hotels Group) is creating over 70 jobs and refurbishing 60,000 square feet of office space at its three-storey corporate facilities in Branston, Burton upon Trent.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with both Henderson Park and Hines for the first Grand Hyatt hotel in Greece, Grand Hyatt Athens. The opening is expected in Q3 2018.
Hilton has signed a franchise agreement with the Cairn Group to open DoubleTree by Hilton Harrogate. The hotel, formerly The Majestic Hotel Harrogate, will open at the end of 2019 following a £10 million refurbishment programme.