Worldwide: Preferred Hotel Group, the parent company of Preferred Hotels & Resorts, Beyond Green, PTG Consulting and others, has rebranded to Preferred Travel Group.
The new corporate identity of Preferred Travel Group reflects the company’s growing suite of services beyond the hotel sector.
Whilst the company counts four hotel brands (Preferred Hotels & Resorts, Beyond Green, Historic Hotels of America and Historic Hotels Worldwide), the group also manages two consultancy divisions: PTG Consultancy and Beyond Green Travel.
CEO Lindsey Ueberroth said: “Our company’s repositioning comes at a time when enthusiasm for the possibilities of travel is at an all-time high. As we look ahead to 2023 and beyond, the simple inclusion of ‘travel’ in our name clarifies what we do and the solutions we provide to both travellers and travel professionals.
“It is a great honour to be the partner of choice for more than 1,100 one-of-a-kind hotels and an
Portugal: Davidson Kempner Capital Management LP, Highgate and Kronos (the consortium) have acquired the Portuguese investment manager ECS Capital in an undisclosed deal.
ECS Capital is a private equity and restructuring firm focused on the Portuguese market. Its real estate portfolio includes 18 hotels and three golf courses in addition to residential properties.
The Vale do Lobo Golf & Beach Resort and the Conrad Algarve Hotel in Quinta do Lago come with land for future development.
Also part of the transaction, which includes the purchase of two funds managed by ECS, the consortium has acquired several Portuguese companies. These companies collectively comprise 65 hospitality, residential and commercial properties predominantly located across the Algarve region.
The consortium is led by global investment management firm Davidson Kempner Capital Management. The company has around $38 billion in assets under management.
Highgate is a real estate investment and hospitality management company with over $20
US: Omer Acar has been named CEO of Raffles and Orient Express at Accor, effective 1 March 2023.
Based in New York, Acar will report directly to Accor’s CEO Sébastien Bazin on the luxury and lifestyle executive committee. Acar will also represent Accor in the North American market.
Joining from Katara Hospitality where he most recently served as managing director for Europe and the Americas, Acar had previously worked with Raffles in 2011 at Royal Monceau. Other brands Acar has held positions with include Four Seasons in the US and Egypt, Harrods in London, and The Ritz in Paris.
Accor‘s worldwide portfolio comprises 5,300 properties and 10,000 food and beverage venues throughout 110 countries. The group encompasses more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more.
The lifestyle division of
Tea Colaianni, founder of WiHTL, highlights how diversity, equality and inclusion (DE&I) initiatives can support the ‘S’ in ESG strategies.
Environmental, social and governance (ESG) has risen in importance for businesses in all sectors. Stakeholders, both internal and external, are more aware than ever of a company’s policies, approach and commitments in this area. Alongside more and more investors insisting on robust ESG credentials, many consumers use it as a driver for purchasing decisions while jobseekers use it as a tool to identify their compatibility with a company’s values. With this in mind, a focus on ESG (or lack thereof) can have a major impact on your brand perception and company performance.
Environmental issues have dominated news agendas for years, and focussing on these policies has become both important and perhaps more straightforward for many businesses. However, as headlines around diversity, equality and inclusion have increased, so has the impetus
Swissotel Al Ghurair and Swissotel Living Al Ghurair have appointed Amal El Ansari as the new general manager of the 620-room properties. She has been with Accor for 11 years and has held key positions and cluster roles of DOSM, hotel manager and general manager.
El Ansari brings a wealth of experience in the hospitality industry and commercials and provides a strategic vision for the hotel, connected to the Al Ghurair Centre shopping mall.
Before this, she was the general manager of Novotel Sharjah Expo Centre and successfully led her team through the pandemic. An international hotelier with business acumen and strong communication skills, El Ansari has successfully managed Pullman, Novotel, Ibis, Rotana and Sheraton brands. She advocates innovation and strives to achieve great heights keeping the company’s mission, values and strategy in mind.