Hotels News
Tag: hospitality business news
Hotels News
Hilton acquires Graduate Hotels in USD 210 Million deal, marking first brand acquisition in over two decades
According to Reuters, on Thursday, Hilton announced its acquisition of Graduate Hotels from Adventurous Journeys Capital Partners for USD 210 million, marking its first brand purchase in over 20 years amid growing pressures in the hotel industry, creating opportunities for consolidations. Hilton sees significant potential in the Graduate brand, which primarily caters to locations near major colleges and universities in the United States and the United Kingdom, estimating a global market of 400-500 hotels. “University towns tend to have steady demand, from students, parents, and visiting academics, largely unconnected to the global economy,” commented Richard Clarke, an analyst at Bernstein.… Read More
Hotels News
Senior dog finds forever home after winning hotel guest’s heart
HIGHLANDS, NC (WLOS) – One senior dog found his forever home with a guest visiting a North Carolina hotel that fosters shelter dogs in an effort to get them adopted. The Park on Main in Highlands is not only a dog-friendly hotel, but it has also fostered dogs from the Cashiers-Highlands Humane Society since 2015. The dogs get a chance to live in the lap of luxury while also getting exposure to multiple guests , each one a possible adoptee. “The hotel is dog-friendly. It’s dog-forward, I would say,” said Devon Allio, the hotel’s general manager. Calhoun, an 8-year-old hound… Read More
Hotels News
