'In the hotel business, you really make your money by opportunistic buying and selling'

22-10-2013

The past decade, over which private equity buyouts went from mega-boom to bust, brought about a dramatic change in the ownership structure of the hospitality industry. Ten years ago, private equity firms accounted for 12% of hotel rooms among the 10 largest hotel owners, with Real Estate Investment Trusts (REITs) owning 67%. Private equity firms now own 59% of rooms among the top ten, with REITs at 33%, according to a recent study.

http://www.hotelnewsnow.com/Article/9947/Ownership-balance-shifts-to-private-equity

What does it mean for hospitality workers? Read the full article on the IUF's Private Equity Buyout Watch site here [1].

The International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers' Associations (IUF) is an international federation of trade unions representing workers employed in agriculture and plantations; the preparation and manufacture of food and beverages; hotels, restaurants and catering services; all stages of tobacco processing. The IUF is composed of 394 affiliated organizations in 126 countries representing a combined membership of around 2,6 million.

How to contact the IUF:
Email: [email protected]
Post: Rampe du Pont-Rouge, 8, CH-1213, Petit-Lancy (Switzerland)
Phone: + 41 22 793 22 33
Fax: + 41 22 793 22 38

Links:
[1] http://www.iufdocuments.org/buyoutwatch/2013/10/volatility_alert_for_hospitali.html#more