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There has been further escalation of EU and US sanctions resulting from the events in Ukraine, including new designations and the issuance of a new executive order (EO) on 20 March 2014.
Sunnier times for hotels in 2014, but hoteliers see online travel agent costs as clouds on the horizon
The welcome positive outlook for the hotels sector that accompanied the start of 2014 may be marred by concerns arising from online travel agents.
The National Development and Reform Commission issued a press release on 29 September 2013 reporting on its decision to impose sanctions on 39 companies in the tourism industry.
Hogan Lovells has advised Constellation Hotels on the £301.5m acquisition of the InterContinental Hotel on London’s Park Lane.
Hogan Lovells has advised Kingdom Holding Company in the refinancing of the Savoy hotel in London.
Hogan Lovells has advised Ivanhoé Cambridge in relation to the sale of a portfolio of four hotels located in the centre of Paris.