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2027, France | Social security budget: government plans to shift €200m of thermal spa cure reimbursement to supplementary health insurers
The government plans to transfer €200m of thermal spa cure reimbursement spending to supplementary health insurers in 2027, Health Minister Stéphanie Rist announced before the board of the Cnam on 8 October. Included in the 2027 social security financing bill (PLFSS) with no details or timetable, the measure has been described as a disguised delisting by the National Council of Thermal Establishments (CNETh), just days before the bill goes before the National Assembly.
Business
United States | TKO Hotels offers €1.7bn for Service Properties Trust’s 92 hotels
TKO Hotels, a hotel owner based in Aberdeen, South Dakota, announced on 9 October an unsolicited all-cash offer of around €1.7bn to acquire the 92 hotels held by listed REIT Service Properties Trust (SVC). The deal would cap almost seven years of disposals that have sharply reduced the hotel exposure of a vehicle once entirely dedicated to hospitality.
Explorer
Business
Italy | Sansiri Capital Acquires The Lake Como EDITION from Bain Capital and Omnam Group
Thai investment fund Sansiri Capital has announced the acquisition of The Lake Como EDITION from Bain Capital and Omnam Group, just six months after the five-star hotel opened in Cadenabbia on the shores of Lake Como. Financial terms of the deal, which is expected to close within weeks subject to customary approvals, have not been disclosed. The transaction marks the culmination of a property transformation programme launched in 2021 and Sansiri's entry into Europe's trophy hospitality asset segment.
Business
India | Accor and InterGlobe Secure CCI Green Light to Merge Hotel Operations
InterGlobe Enterprises and Accor, via its entity AAPC India Hotel Management, have received unconditional approval from the Competition Commission of India (CCI) to merge their hotel operations in the country. The regulatory clearance, announced on 14 September 2026, paves the way for an integrated platform dedicated to developing Accor's brands in the Indian market.
Headlines
360°: Your Daily Round-Up | From Faa’a to Accra, via Bulle and Nîmes
🔎 Today's trend: expansion meets vigilance. From French Polynesia to Switzerland and Ghana, hotel openings keep multiplying, while in France and the UK, security at luxury hotels and local taxation are worrying a sector that otherwise remains in full swing.
Business
United States | JLL arranges refinancing of Bowie House, Auberge Resorts Collection, in Fort Worth
JLL Capital Markets announced on 1 September 2026 that it had structured the refinancing of Bowie House, Auberge Collection, a luxury boutique hotel in Fort Worth's Cultural District, Texas. The deal, carried out on behalf of borrower Bowie Place Properties, involves a floating-rate loan provided by MetLife. It confirms institutional lenders' continued appetite for luxury hotel assets positioned in distinctive cultural markets.
Business
Canada | Quebec Superior Court approves sale of Château Montebello to Westmont Hospitality
Quebec's Superior Court has dismissed the opposition of Quebec investment group Varin and Lavy and authorised the sale of Château Montebello to Westmont Hospitality. The ruling, handed down on 10 September 2026, brings an end to several weeks of legal challenge over the transfer of the property, which was placed into receivership following the financial difficulties of its former owner linked to the Chinese group Evergrande. The transaction, expected to close by 15 November, confirms that Fairmont Hotels' management contract will remain in place until 2031 and hands one of the Outaouais region's leading tourism assets to Westmont Hospitality.
Headlines
360°: Today’s Round-the-World Hospitality News | From London to Réunion via Abu Dhabi and Nice
🔎 Today's trend: the Gulf accelerates, France reinvents itself. While Rotana, Miral and Accor roll out a wave of expansion announcements across the UAE, Saudi Arabia and Albania, France is experiencing its own ferment: a succession battle at the helm of Umih, restaurant openings from big-name chefs, and closures reshaping the fine-dining map.
Business
UK | Martin Property Group selected to redevelop and operate The Chester Grosvenor
Grosvenor has appointed Martin Property Group, a British family-owned group, to lead the redevelopment of The Chester Grosvenor and take over its operation once works are complete. The five-star hotel, a Grade II listed building (the equivalent of France's classified historic monuments), will close its doors on 30 September following Bespoke Hotels' departure, ahead of its first major renovation in more than forty years. The move is intended to reposition the property as a destination of national and international standing, while strengthening Chester's tourism economy.
Business
2026, France | Crédit Agricole Takes a Stake in Miraval Provence (Perrin Family • Brad Pitt)
Crédit Agricole, through IDIA Capital Investissement and Sofipaca, has taken a minority stake in Miraval Provence, alongside Categorys Perrin and Château Miraval. Carried out via a reserved capital increase, the deal is intended to support the Provence wine house through a new growth phase, driven by international expansion, stronger marketing and a more structured organisation.
Business
Vietnam | Arsenale Acquires 33% Stake in SJourney, Vietnam’s Pioneering Luxury Rail Brand
Italian group Arsenale Group announced on 10 September 2026 the acquisition of a strategic 33% stake in SJourney, Vietnam's pioneering luxury rail brand. The deal marks the group's entry into the country and consolidates its presence in Asia, a year after the takeover of Golden Eagle Luxury Trains.
Business
Italy | Colliers Italia Brokers Sale of Gran Baita, Future 5-Star Hotel in Breuil-Cervinia
Colliers Italia advised Vico on the sale of the Gran Baita, a historic property in Breuil-Cervinia in the Italian Alps. The deal paves the way for the site's transformation into a 135-room 5-star hotel with three restaurants and a two-level spa. Vico of Hône will handle the turnkey execution of the project, with Borio Mangiarotti as project manager.
Development
Late 2027, South Africa | After Cape Town’s Ritz Hotel in 2025, Belgian billionaire Marc Coucke (OKU Hotels) snaps up Kololo Game Reserve
Belgian billionaire Marc Coucke, through his OKU hotel group, announced in early September 2026 the acquisition of Kololo Game Lodge, a 1,500-hectare UNESCO-listed safari estate in South Africa's Waterberg region. The deal comes just three weeks after Alychlo, his investment vehicle, took a majority stake in Belgian restaurant chain Amadeus, illustrating the sustained pace of the Flemish billionaire's moves outside his core pharmaceutical business.
Headlines
360°: Round the World in Hospitality News | Malta Controversy, Lyon Divestment, Alfred Hotels Ownership Buy-Back, €66m Invested in Milan, From Switzerland to Cameroon,...
🔎 Today's trend: hospitality is caught between an events-driven surge and portfolio restructuring. From Céline Dion's Paris residency to the strategic divestments at Lavorel Hotels and Alfred Hôtels, via a wave of openings from Bordeaux to Istanbul, the sector is combining strong short-term demand with deeper repositioning.
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Personnel Moves
Algarve, Portugal | Maxine Leal appointed Regional HR Manager Europe at United Hospitality Management
United Hospitality Management (UHM) appointed Maxine Leal Regional HR Manager for Europe in October 2026. She previously led talent acquisition at the United Investments Portugal (UIP) group, which she joined in 2021. This internal promotion entrusts European human resources to a professional who helped build the executive committees across the portfolio.
Business
2027, France | Social security budget: government plans to shift €200m of thermal spa cure reimbursement to supplementary health insurers
The government plans to transfer €200m of thermal spa cure reimbursement spending to supplementary health insurers in 2027, Health Minister Stéphanie Rist announced before the board of the Cnam on 8 October. Included in the 2027 social security financing bill (PLFSS) with no details or timetable, the measure has been described as a disguised delisting by the National Council of Thermal Establishments (CNETh), just days before the bill goes before the National Assembly.
Development
2029, Greece | Accor signs Fairmont Chania Resort, the brand’s first address in Greece
On 23 September 2026, Accor and its Fairmont Hotels & Resorts brand announced the signing of the Fairmont Chania Resort, a 104-key resort in Chania on the north-west coast of Crete, developed in partnership with Hersonissos Group Hotels. Opening is scheduled for 2029. The project marks Fairmont's arrival in Greece and strengthens Accor's luxury portfolio across the Mediterranean's leading destinations.
Development
2029, Sweden | AMF Fastigheter entrusts its future Marievik destination hotel in Stockholm to Strawberry
Swedish property company AMF Fastigheter has selected Strawberry to operate a 191-room hotel under development in Marievik, south of central Stockholm. Advised by Annordia, the deal forms part of the conversion of a former office district into a mixed-use urban hub, with opening scheduled for summer 2029.




