The hospitality unit of Prestige Estates, India’s fourth-most valuable developer, withdrew its draft initial public offering papers, citing strategic considerations and uncertain market conditions.
Westmont Hospitality Group agreed to buy China Evergrande Group’s iconic log-cabin hotel in Canada out of bankruptcy proceedings after the Chinese real estate company failed to make payments on its debt
Luxury hospitality has learnt the hard way how to fund conservation, communicate honestly about climate change, and navigate unintended consequences. There’s a lot for fashion to learn.