Platinum Equity to buy Wyndham's European vacation rental unit in $1.3B deal | Market receptive to Hyatt asset sale | Yotel reaches for new market segment with YotelPad
February 19, 2018
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Platinum Equity to buy Wyndham's European vacation rental unit in $1.3B deal
Wyndham Worldwide has announced the sale of its European vacation rental unit for around $1.3 billion. The unit received interest from multiple buyers, with Platinum Equity coming out on top.
Reuters (2/15) 
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Business Update
Market receptive to Hyatt asset sale
Hyatt is fielding strong interest in its Grand Hyatt San Francisco, Andaz Maui at Wailea and Hyatt Regency Coconut Point Resort properties as the company pursues $1.5 billion in asset sales.
Hotel News Now (2/15) 
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Yotel reaches for new market segment with YotelPad
Yotel is delving into a new market segment with YotelPad, whose accommodations can also be used as residential or short-term rentals. The company plans to open YotelPads in Switzerland, Dubai, Miami and Park City, Utah.
Hotel Business (tiered subscription model) (2/15) 
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Detroit sees wave of hotel development
Siren Hotel, the Shinola Hotel and the Element Detroit Hotel are all slated to open in Detroit this year. A new project near Little Caesars Arena would bring 100 rooms to an eight-story building in the city's Cass Corridor.
Curbed (2/15) 
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Market Trends
New project certifies "female friendly" lodgings
Capita Travel and Events has teamed with Maiden Voyage to identify "female friendly" hotels. "With [over] 51% of female business travelers having reported feeling vulnerable when staying in a hotel, we know that there is a genuine need for a trusted standard," said Maiden Voyage CEO Carolyn Pearson.
Hotel Owner online (U.K.) (2/15) 
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Cartoon-themed rooms found in hotels around the world
Cartoon-themed rooms found in hotels around the world
Mario (Drew Angerer/Getty Images)
Hotels worldwide are offering rooms based on popular cartoon characters. Examples include a Mario Brothers-themed room at the Langham Melbourne in Australia and a Barbie-themed room at Double Tree by Hilton in Denver.
USA Today (2/16) 
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Spotlight on Technology
Nuvola expands from humble beginnings
Nuvola bills itself as data-driven guest management software that promises to modernize dated systems, especially those still relying on pen and paper. The first iteration of the software was launched in 2012, with founder and CEO Juan Carlos Abello selling it door-to-door.
Hotel Business (tiered subscription model) (2/15) 
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I hope I shall always possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an honest man.
George Washington,
first US president
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