Hilton Hotels Corporation (HHC) has announced that it is exploring strategic alternatives for its Scandic brand of hotels, including the possible sale of all or part of the business.
The company acquired the Scandic brand as part of its recent acquisition of the lodging assets of the Hilton Group.
The Scandic brand includes 130 hotels: 120 are leased properties, six are franchised, three are managed and Hilton owns one.
Elsewhere, Hilton International, a wholly owned subsidiary of HHC, expects to list 10 hotels for sale in Europe – Switzerland, Belgium, France, Germany, Luxembourg and Spain – by the end of September.
Chief financial officer for HHC, Robert La Forgia, said: “Hilton’s objective on asset sales is to support our stated strategy of generating a higher proportion of future earnings from managing and franchising hotels and less from hotel ownership. Any future sale of assets is a continuation of a process which began in early 2005.” Details: www.hilton.com
Photograph: Scandic Hotel Triaden Oslo in Norway courtesy of Vismedia
Hilton Hotels Corporation (HHC) has announced that it is exploring strategic alternatives for its Scandic brand of hotels, including the possible sale of all or part of the business.
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
Imposter syndrome about a promotion taught the
CEO of SATS that behaving authentically is the most
important part of leadership. He talks to Kath Hudson
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set
against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.
Hilton Hotels Corporation (HHC) has announced that it is exploring strategic alternatives for its Scandic brand of hotels, including the possible sale of all or part of the business.
The company acquired the Scandic brand as part of its recent acquisition of the lodging assets of the Hilton Group.
The Scandic brand includes 130 hotels: 120 are leased properties, six are franchised, three are managed and Hilton owns one.
Elsewhere, Hilton International, a wholly owned subsidiary of HHC, expects to list 10 hotels for sale in Europe – Switzerland, Belgium, France, Germany, Luxembourg and Spain – by the end of September.
Chief financial officer for HHC, Robert La Forgia, said: “Hilton’s objective on asset sales is to support our stated strategy of generating a higher proportion of future earnings from managing and franchising hotels and less from hotel ownership. Any future sale of assets is a continuation of a process which began in early 2005.” Details: www.hilton.com
Photograph: Scandic Hotel Triaden Oslo in Norway courtesy of Vismedia
Hilton Hotels Corporation (HHC) has announced that it is exploring strategic alternatives for its Scandic brand of hotels, including the possible sale of all or part of the business.
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
Imposter syndrome about a promotion taught the
CEO of SATS that behaving authentically is the most
important part of leadership. He talks to Kath Hudson
Property experts say it’s a golden moment for health and fitness operators
to secure leases, as the sector has come through the pandemic with its
reputation largely intact and clubs are seen as desirable anchor tenants.
Kath Hudson finds out why landlords want to talk
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set
against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.