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STARWOOD CAPITAL GROUP, a US-based private equity firm, recently purchased10 Radisson Blu Edwardian properties in London, totaling 2,053 rooms, from Edwardian Hotels London, a U.K. hospitality group with Jasminder Singh as chairman. The financial details of the deal remain undisclosed, but a Bloomberg report estimated the transaction at around $1 billion (£800 million). Edwardian Group will continue to manage the portfolio during a transitional period, the company said in a statement. Edwardian Hotels London will retain operational control and continue managing The Londoner Leicester Square, launched in September 2021, along with its two Radisson Collection hotels-The May Fair in Mayfair and The Edwardian Manchester in Manchester. Jasminder Singh is chairman of Edwardian Group. "Following the successful launch of The Londoner and a period of strong trading across the portfolio, this sale represents an opportunity to refocus the group and position it for its next chapter," said Inderneel Singh, CEO of Edwardian Group and son of Jasminder Singh. "Our three landmark properties - The Londoner, The May Fair Hotel, and The Edwardian Manchester - are perfect showcases of our vision for the future, and we remain committed to investing in and delivering distinctive experiences for guests in high-end, purpose-built, city-centre hotels."

INTEGRITY INTERNATIONAL GROUP, led by Tony Matharu, has acquired two properties in London: Atlas House and Crescent buildings. Atlas House, a Grade II-listed building, is situated at the junction of King Street, Queen Street, and Cheapside, while the Crescent is located adjacent to Tower Suites by Blue Orchid Hotels. Both Atlas House and the Crescent will join the Blue Orchid Hospitality brand, part of Integrity, Integrity said in a statement. Meanwhile, the company recently restructured its Garage Hotels Group, the statement said. "The recent acquisition of Atlas House and the Crescent portfolio demonstrates our continued commitment to invest in and breathe new life into London property, particularly those buildings at the end of their previous lives, ensuring that London remains the best place to live, work, visit, and invest," Matharu said. "The team at Integrity International Group has unrivalled expertise in ac

EAST INDIA HOTELS-OWNED Oberoi Hotels & Resorts will debut in the United Kingdom with a luxury property in London's Mayfair. The London-based property group Grosvenor received planning permission in 2022 to restore the 33,000-square-foot listed building as part of its South Molton development and began renovations in November 2023. The luxury boutique hotel is scheduled for completion in 2027, the companies said in a joint statement. EIH recently established a U.K. company with an authorized share capital of $37.5 million, around £30 million. Besides India, the luxury hotel chain has a presence in Morocco, Egypt, Saudi Arabia, Indonesia and Mauritius. "Our partnership with Grosvenor marks an important milestone in our international growth," said Arjun Oberoi, The Oberoi Group's executive chairman. "London has always been a key market for our guests. We are excited to bring our distinctive hospitality experience to the heart of London. The Oberoi, Mayfair, will not only celebrate our brand at a prime location but also showcase our service excellence."

UK-BASED SHIVA HOTELS, led by founder and CEO Rishi Sachdev, recently secured $372 million, or £300 million, to renovate its five-star luxury hotel, The BoTree in Marylebone, London. The 199-room hotel, built for £375 million and opened in 2023, is part of Shiva Hotels' Place III Hotels brand. London-based BlueWater Capital provided a £170 million senior loan, while NorthWall Capital provided a £140 million secured facility, Shiva Hotels said in a statement. Sachdev said investors were drawn to the hotel's prime Marylebone location and its "future potential." "[That], coupled with the hotel sector's continued growth, saw us generate interest from a deep pool of funders keen to support us on this transaction," he said. "We have remained patient, however, and have chosen two like-minded counterparties with the track record and expertise to support us on the next stage of our journey."

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Recognised as the most punctual airport in the UK, London City Airport (LCY) has received consent to extend its aviation capacity under a £200m ($310m) expansion programme. The airport submitted a planning application to the London Borough of Newham for the City Airport Development Programme (CADP) to expand its current infrastructure, in September 2013.

BRITISH INDIAN HOTELIER Joginder Sanger, 82, passed away in London on Friday night after being hospitalized following a stroke, Eastern Eye newsweekly reported. Jalandhar-born Sanger started in the UK with a travel agency and an exclusive Air India contract before establishing London hotels, including the Washington Mayfair, Courthouse Hotels in Soho and Shoreditch, as well as the Bentley in Kensington. His hotels have hosted Indian celebrities, politicians, former prime ministers and Bollywood stars, Eastern Eye reported. "He was a dear friend of mine since the 1950s; I will miss him terribly," NRI industrialist Lord Swraj Paul, 94, was quoted as saying in the report. "Like me, Joginder was also born in Jalandhar, and we shared so many experiences together. He will be missed by the Indian community in Britain, to which he made immense contributions."

ASIAN HOSPITALITY is owned by Asian Media Group USA, whose parent company is based in London.Check out at our website for hospitality news.Get the digital issue of Asian Hospitality November edition and updated with all hotel and hospitality news. If you miss any updates then dont worry. Here you find all the latest hospitality news USA. So subscribe it now without delay.

The GG2 Power List profiles Britain's 101 most influential Asians, providing a snapshot of Asian power and influence in Britain today. Each year, the list undergoes an extensive refresh and our panel of senior editors and experts face an arduous challenge in whittling down our long list to 101. The list celebrates the extraordinary talent that exists in the British Asian community: an eclectic mix of talent across the nation. It features exclusive interviews with pioneers across the arts, media, business science, technology and the public sector. As the mayor of London, Sadiq Khan, said: "the GG2 Power List is about the best and most talented people in the country, who just happen to be Asians". The list serves to inspire and nurture the next generation of leaders and achievers. The GG2 Power List is launched in October at the GG2 Leadership Awards. Along with the Leadership Awards and Diversity Conference, we celebrate the success of ethnic communities in Britain and showcase how a more inclusive society can unleash talent.

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HOTELS IN THE Americas performed above 2019 levels, although RevPAR is stabilizing amidst decreasing consumer travel spending, according to real estate firm JLL. This has affected resort markets heavily dependent on leisure travel. In contrast, urban travel demand is on the rise, driven by group, corporate, and inbound international travel. According to JLL's Global Real Estate Perspective for February 2024, global hotel RevPAR surpassed 2019 levels by 11.7 percent in the first 11 months of 2023. The global urban market strengthened with increased international travel and the return of business and group demand. London, New York, and Tokyo are expected to lead global RevPAR performance in 2024 as urban travel rebounds. Stabilization has weighed heaviest in resort markets, particularly in the Americas and EMEA, while Asia-Pacific continues to accelerate as intraregional travel grows following border reopenings, the report added. Foreign capital, absent since the onset of COVID, is expected to become more active over the next 12 months. Middle Eastern and Asian investors are likely to lead, with urban markets in Europe and select U.S. cities as primary recipients of capital.

SMALL LUXURY HOTELS of the World, the London-based independent hotels chain, recently entered the Indian market through a partnership with The MRS Group of Hotels, which owns and operates luxury boutique hotels in the country. SLH will include MRS's hospitality offerings in its global distribution and marketing network. The collaboration integrates MRS Group's brands-Suryagarh Jaisalmer, Narendra Bhawan Bikaner, and Mary Budden Estate Binsar-into SLH's collection, soon to be available on SLH channels, the companies said in a joint statement. "We are incredibly proud to be the first independent hotel chain in India to partner with SLH, a brand synonymous with luxury and exceptional hospitality," said Karan Singh Vaid, The MRS Group of Hotels' president. "This alliance not only highlights our dedication to reimagining hospitality in India but also amplifies our mission to offer travellers thoughtfully designed experiences that are rooted in our rich heritage and distinctive service. We are excited to embark on this journey with SLH, aiming to enhance our global presence and enrich the travel adventures of our guests."

HYATT HOTELS CORP. plans to open more than 50 new luxury and lifestyle hotels globally within two years, with Europe projected to see a 52.8 percent increase in luxury hotel stock by 2028. Future openings include Park Hyatt Kuala Lumpur, Park Hyatt Johannesburg, Andaz Miami Beach and Andaz Gold Coast, Hyatt said in a statement. Hyatt, with 70 percent of its global rooms in luxury and upper-upscale categories, added 28 luxury hotels in the past three years and doubled its luxury room count since 2017, the statement said. "2024 has been a strong year for the Europe, Africa, and Middle East region, driven by luxury and lifestyle segments, as shown by the strong performance of our hotels and excitement around openings like Park Hyatt London River Thames and Park Hyatt Marrakech," said Javier Águila, Hyatt's group president, EAME. "Our future in these sought-after segments looks brighter than ever, thanks to recent acquisitions like Mr & Mrs Smith and Standard International, as well as our commitment to building dedicated teams and leveraging specialized talent to enhance our luxury and lifestyle offerings."

A JOINT VENTURE between U.S. investment firms KKR and The Baupost Group recently acquired 33 Marriott International hotels in the United Kingdom from a subsidiary of the Abu Dhabi Investment Authority. Amante Capital, KKR's European hospitality platform, will manage the joint venture, with the properties remaining Marriott-branded, the companies said in a joint statement. The financial details of the deal remain undisclosed, but a Green Street News report estimated the transaction at around $1.16 billion or £900 million. The portfolio includes 33 full-service Marriott and Delta Hotels by Marriott in London and key regional cities such as Edinburgh, Glasgow, Leeds and Liverpool, the statement said. The 6,500-key portfolio, recently refurbished, features amenities for business and leisure, including conference venues, event spaces, golf and recreation facilities. The investment is part of KKR's European real estate strategy.

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