Articles tagged “sbe”

Coronavirus

Hotels Hope Profits Are Cooking in the Ghost Kitchen Business

The pandemic has produced unlikely partnerships between the hotel and office sectors, but the longevity is up for debate. The ghost kitchen pairing between hotels and an outside food operator may actually stick for years to come, as it solves a pre-pandemic revenue loss problem.
Coronavirus

Accor Joins Forces With Hoxton Hotels Owner to Form Lifestyle Brand Giant

Accor CEO Sebastien Bazin previously said lifestyle hotels will be a key source of growth moving forward. By orchestrating a merger with Ennismore and the full buyout of SBE, one the largest hotel deals so far of the pandemic, Bazin just underscored that point.
Hotels

AccorHotels Is Buying Half of SBE Entertainment Group for $319 Million

This AccorHotels investment in SBE aligns with its strategy for growth in North America as it adds more properties in key cities such as New York, Los Angeles, Las Vegas, and Miami. It does, though, contradict, in some respects, the chain's push to go asset-light.