Soho House will return to private ownership in a $2.7 billion deal led by MCR Hotels, offering shareholders $9 per share, nearly 18% above the last close. The agreement, which lifted shares more than 15%, will see Ashton Kutcher join the board and Neil Thomson step in as Chief Financial Officer as the club operator seeks stability after a turbulent public run.
EVT Limited has launched EVT Connect Hospitality, its new third-party hotel management platform, with the acquisition of Pro-invest Group’s hotel management arm. The deal covers 15 hotels across Australia and New Zealand, totalling 3,200 rooms.
Kenya has launched a major tourism rebranding initiative with the appointment of Mary-Ann Musangi as chair of a 23-member taskforce. The team, unveiled by CS Rebecca Miano, will review the country’s global image and deliver a new brand strategy within a year.
The project will rise on the former site of the Shin-Yurakucho Building, reimagining the location as a dynamic hub where art, fashion, food, and hospitality converge.
SiteMinder has cemented its commitment to Latin America by opening a new Mexico City office, providing tailored local support for hoteliers and expanding operations into Colombia, Peru, Chile and Costa Rica.
Aira has raised €150 million from existing investors to expand its clean energy-tech operations, aiming to replace millions of gas boilers across Europe with air source heat pumps and accelerate the continent’s shift away from fossil fuels.
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