Acquired from Unizo Holdings in 2024, then renovated and repositioned in partnership with Marriott International, the 16-hotel portfolio is changing hands. KJRM and K+ Hospitality Management, two KKR entities, remain in charge of asset management and operations.

On 18 September, shareholders of the Company des Bains de Mer renewed Stéphane Valeri's mandate for six years. The same day, in an interview with Monaco Info, the Chairman and CEO presented a record financial year, a series of pay rises for employees and the two projects due to start in autumn 2027: the addition of storeys to the Monte-Carlo Bay and the "thermes-terrasses" development opposite Place du Casino.

Cheyne Capital has announced the final close of CRECH IX – Capital Solutions, the ninth vintage of its real estate debt programme. The fund and its associated vehicles have raised £3bn, or around €3.5bn. More than half has already been invested across 73 loans, some of them in hospitality. Cheyne ranks among the most active non-bank lenders to the European hotel sector, and this raise strengthens its position.

The cruise giant is joining forces with Sandals and Beaches Resorts in a joint venture that marks its entry into the Caribbean all-inclusive resort segment.

People Inc, the media group chaired by Barry Diller, on 23 September 2026 withdrew its offer for all the shares in MGM Resorts International that it does not already own. Tabled in June, the proposal valued the casino operator at more than €15.8bn. As the largest shareholder in the group, which operates around 40% of the Las Vegas Strip, People is for now dropping its plan to take MGM private.

Japan's Mitsubishi Corporation is to invest around PHP 44.5bn (c. €620m) in Ayala Corporation, the oldest conglomerate in the Philippines, lifting its economic interest from 4.7% to 15%. Through its property arm Ayala Land, the Philippine group is also one of the archipelago's leading hotel owners and operators.

🔎 Trend of the day: labour relations reach the front desk. A room attendants' strike at the Imperator in Nîmes, the threat of a historic strike across 46 Chicago hotels and an undeclared-work trial in Sarlat: pay, workload and employment conditions are back at the top of the hotel agenda on both sides of the Atlantic.

Since 1 September 2026, the agency MAIA has represented a selection of Michel Reybier Hospitality properties across the Gulf Cooperation Council (GCC) countries. The mandate covers two Swiss Alpine resorts, La Réserve Paris, La Réserve Genève and the forthcoming La Réserve Private Homes Seychelles. MAIA will handle press relations, communications and influencer partnerships with a regional clientele of strategic importance to European luxury hospitality.

🔎 Trend of the day: the great rotation of hotel assets. Ruling families, private equity funds, indebted developers and billionaires weary of seasonality: owners everywhere are rebalancing their portfolios and crystallising value, while new buyers position themselves.

Father and son Burt and Alex Cabañas, who head Benchmark Resorts & Hotels and Pyramid Global Hospitality respectively, are launching Astound Ventures in the United States, a collaborative investment fund dedicated to hospitality. Based in The Woodlands, Texas, the vehicle aims to raise around €26 million from industry investors to finance solutions capable of improving hotels' net unit margin (NUM). The initiative reflects a clear ambition: to have hotel innovation funded by industry professionals themselves rather than by capital from outside the sector.

IHG Hotels & Resorts has been named Official Hotel Partner of the 2027 Men's Rugby World Cup, which will bring together 24 teams in Australia from 1 October to 13 November 2027. The agreement, announced jointly with World Rugby, draws on a network of more than 160 million IHG One Rewards loyalty members. It extends more than two decades of the British group's involvement with international rugby.

Mulpha Australia has completed the acquisition of a one-third stake in the Novotel Sydney Darling Harbour and the ibis Sydney Darling Harbour, alongside Sun Hung Kai & Co. Limited and Wentworth Capital. The deal, settled on 21 September 2026, covers two properties totalling 781 rooms, both of which remain under Accor's operational management. It forms part of a disciplined portfolio strategy the Australian group has been pursuing over recent months.