Skift Travel News Blog

Short stories and posts about the daily news happenings around the travel industry.

Hotels

Four Seasons Names New EMEA President, Succeeding Simon Casson

6 months ago

Four Seasons Hotels and Resorts has named a new regional president: Adrian Messerli is now president of hotel operations for the EMEA region. He succeeds Simon Casson, who held the role since 2016 and announced his departure from the group earlier in the year for a to-be-confirmed new opportunity.

Unlike Casson, who was regional VP and general manager for the group in Dubai and Doha on separate occasions, Messerli has more international experience.

A significant step up in his 18-year career with Four Seasons, Messerli was previously regional VP and general manager of Four Seasons Hotel and Private Residences Madrid. Before that, he held the same position for the group in Shanghai. Prior to his executive-level positions, he spent time working in Seychelles, Egypt, Portugal, Uruguay, Bahamas and the U.S.

Messerli is relocating to Dubai for the role.

During Casson’s tenure, Four Seasons focused heavily on Middle East development. The group has two hotels in Dubai, one in Abu Dhabi, two in Qatar, one in Saudi Arabia, and plans for a property in Oman and many of Saudi Arabia’s giga-projects.

Four Seasons has long had a close relationship with the Middle East. Saudi billionaire Prince Al Waleed Bin Talal’s Kingdom Holding Company has a 23.75% stake in the company.

Four Seasons did not immediately respond to Skift’s request for comment.

Hotels

TUI Expands Branded Hotel Portfolio in Zanzibar

7 months ago

The TUI Group has kickstarted investment via its hotel fund, launched last year with Luxembourg-based Hansainvest, to acquire the 5-star “Emerald Zanzibar Resort & Spa” on Zanzibar in Tanzania.

TUI will take over the running of the hotel and all existing bookings at the beginning of 2024, bringing its branded hospitality offering in the East African country to four hotels.

The acquisition was the first investment made by the fund, according to Peter Krueger, group head for strategy and merger & acquisitions, who stated that TUI is set to add more hotels.

“The next concrete investment opportunities are already being pursued,” Krueger said, “The fund also intends to acquire a hotel property from TUI’s portfolio. This is currently operated by a TUI hotel brand and will continue to be run as such in the future by means of a management contract.”

TUI sees its hotel division as a key growth driver, having seen positive results over several quarters, with underlying earnings before interest and taxes for the last four quarters exceeding pre-Covid 2019 performance.

The company is set to release its third-quarter results on Wednesday, 9 August.

Hotels

Singapore Sovereign Wealth Fund to Buy Majority Stake in Resort Group Valued at $2.2 Billion

1 year ago

The Government of Singapore Investment Corporation has acquired a majority stake in Sani/Ikos Group, a luxury beach resort group in the Mediterranean, for an undisclosed amount.

The transaction that is expected to close in the fourth quarter of 2022, subject to regulatory approval, values the Mediterranean-based luxury resort operator at $2.27 billion.

U.S.-based Oaktree Capital Management, Goldman Sachs Asset Management and Moonstone Investments, French private equity fund Florac and UK-based Hermes Global Private Equity, will be selling their stakes to the Singapore sovereign wealth fund as part of this transaction.

Andreas Andreadis and Mathieu Guillemin will continue to manage the luxury beach resort group as CEOs and co-managing partners, while Stavros Andreadis, who was earlier the managing director of the hotel group, will become honorary chairman, according to a Sani/Ikos statement.

 The three came on board first when Greece-based Sani Resort and Ikos Resorts merged in January 2016.

Speaking about as the hotel group’s efforts to strengthen its brand and expand presence in Europe, Lee Kok Sun, chief investment officer of real estate of the soverign welath fund, said, “We believe this investment will generate resilient returns and is testament to our confidence in the Greek and wider European tourism sector over the long term.”

Sani/Ikos Group develops, owns and operates 10 resorts in Halkidiki, Corfu and Kos islands in Greece, and in Marbella and Estepona in the Iberian Peninsula.