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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.
Business
United States | In Chicago, UNITE HERE Local 1 launches strike at six hotels on the eve of the marathon
Staff at six downtown Chicago hotels, including the Palmer House Hilton, the Waldorf Astoria and the Sheraton Grand Chicago Riverwalk, walked out on Friday 9 October 2026 at the call of the UNITE HERE Local 1 union. The action comes during Chicago Marathon weekend, one of the busiest periods of the year. It forms part of negotiations covering more than 7,000 workers across 46 hotels in the city.
Explorer
Business
Saudi Arabia | KBLT Congress Opens Its 5th Edition in Riyadh, Driven by the Rise of the Affluent Saudi Traveller
The Kingdom Business & Luxury Travel (KBLT) Congress opened its doors on 6–7 September 2026 at the Mövenpick Hotel and Residences Riyadh, bringing together more than 100 pre-qualified Saudi buyers and leading global travel brands. The event comes as the Kingdom's outbound travel spend is set to exceed €26.4bn in 2026, driven by a luxury segment already valued at €11.6bn. For hoteliers and investors, the gathering is emerging as a strategic barometer of a market whose expectations are being fundamentally reshaped.
Headlines
360°, a world tour of today’s hospitality news | From Paris to Saly via Istanbul and Lourdes
Between cultural patronage, news stories and pricing controversies, the hotel industry is once again in the spotlight, both in Paris and internationally.
Hotel industry news today, 5 September 2026: here's what you needed to know in the sector today.
🔎 Trend of the day: Parisian catering and hospitality return to the spotlight amid patronage, an eagerly awaited reopening and a pricing controversy, while internationally there's a wave of appointments, awards and darker news.
Business
Casinos and Gaming, Italy/Spain | Lottomatica to Acquire CIRSA for €2.8bn, with Blackstone Becoming Top Shareholder of Combined Group
The American fund, already the owner of Spain's largest hotel portfolio through Hotel Investment Partners, is increasing its stake in the world's number two listed gaming and sports betting group.
Business
United Arab Emirates | The “seat war” continues in the skies: Emirates installs the industry’s first electric privacy screen in Premium Economy
Fitted to the airline's new Airbus A350s, this unprecedented seat is part of a wider reshuffling of travel classes, as Premium Economy moves upmarket and First Class becomes increasingly scarce. Premium Economy, a class in its own right.
Business
China | H World Group Prepares Yuan-Denominated Bond Offering
The Nasdaq- and Hong Kong-listed hotel group has announced plans to issue offshore yuan-denominated bonds to bolster its general corporate finances.
Headlines
360°, a world tour of today’s hospitality news | From Reims to Mexico City via Cabourg and Furano
🔎 Today's trend: Mexico, hospitality's new El Dorado. Between the arrival of the country's first Hyde Hotel in Mexico City and the appointment of a new Resort Manager at Four Seasons Punta Mita, Mexico confirms its appeal for major international brands, while several French properties see a change of leadership.
Business
Haute-Savoie, France | Hôtel du Couttet Renovation Works in Chamonix Suspended Again by Administrative Court
Hôtelière du Couttet has announced the suspension of the refurbishment works at the Hôtel du Couttet in Chamonix-Mont-Blanc, following an order from the Grenoble Administrative Court that calls into question the contractual framework allowing the works to continue. The ruling, issued in August 2026, blocks access to the €30 million financing line secured this past January — just two months after work resumed on the site.
Headlines
360°, Around the World in Today’s Hospitality News | In France, a Parisian Palace Hotel in Turmoil, a Media-Savvy Chef Accused by Former Staff,...
🔎 Trend of the day: private members' clubs, luxury hotels' new weapon. After decades of Soho House's dominance, palace hotels and lifestyle properties are now investing in this format too, from London to Geneva via Barcelona and Vienna, turning their facilities into genuine living spaces open to local residents.
Business
Spain | Blackstone Prepares IPO for HIP, Valued at €6 Billion
Blackstone is preparing to file its stock market listing application for Hotel Investment Partners (HIP), its Spanish hotel platform, with the CNMV, according to newspaper Cinco Días. The deal, which would combine a partial share sale with a €700 million capital increase, is expected to target a listing in late October or early November.
Development
France | Best Mont-Blanc acquires Hôtel Miura on the shores of Lac du Bourget
Savoyard hotel group Best Mont-Blanc has announced the acquisition of Hôtel Miura in Voglans, on the shores of Lac du Bourget. Following Annecy, Chamonix, Les Arcs and Grenoble, the deal gives the group a second lakeside foothold and brings it closer to its Chambéry headquarters.
Development
United States | JetBlue launches BlueFirst, its new domestic first class
On 1 September 2026, JetBlue unveiled BlueFirst, a new domestic first-class experience opening for booking this autumn. Driven by the American carrier's JetForward strategy, the offering combines seats designed with Tuft & Needle, 33.8 cm touchscreens and seatback ordering. It marks a further step in the premiumisation of North American airlines, a trend closely watched by international hospitality players.
Headlines
360°: Today’s Global Hospitality News | From Paris to Tahiti via Cairo and Madrid
🔎 Today's trend: global hospitality is balancing expansion with HR tensions. While Accor, Hilton and Azur Hospitality announce new appointments and Spain and Egypt notch up fresh openings, Japan is easing its overtime rules and Brussels Airlines faces a strike notice — two stories with direct implications for a sector still under pressure over staffing.
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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.
Ouvertures & projets
2027, Germany | Novum Hospitality, IHG and HD Hotels sign four hotels in Dortmund
Novum Hospitality, IHG Hotels & Resorts and property company HD Hotels have concluded agreements covering four hotel projects in Dortmund, totalling 429 rooms and scheduled to open in 2027. The package combines the return of three existing hotels to Novum's portfolio with a new-build project, all set to join the Garner and Holiday Inn - the niu brands. It marks a further step in the franchise partnership that has linked the Hamburg-based group with IHG since 2024.
Business
United States | In Chicago, UNITE HERE Local 1 launches strike at six hotels on the eve of the marathon
Staff at six downtown Chicago hotels, including the Palmer House Hilton, the Waldorf Astoria and the Sheraton Grand Chicago Riverwalk, walked out on Friday 9 October 2026 at the call of the UNITE HERE Local 1 union. The action comes during Chicago Marathon weekend, one of the busiest periods of the year. It forms part of negotiations covering more than 7,000 workers across 46 hotels in the city.
Personnel Moves
New York, United States | Nicholas Untermann appointed General Manager of Viceroy Park Avenue
Viceroy Hotels & Residences has appointed Nicholas Untermann General Manager of Viceroy Park Avenue, the brand's future New York flagship, scheduled to open in February 2027 in the NoMad district. A veteran of Terranea Resort and Beverly Wilshire, A Four Seasons Hotel, he joins the pre-opening team of a project that marks Viceroy's return to Manhattan.




