From the desks of the Hotel News Now editorial staff:
- Lotte chairman free to take reins of company
- Some top desserts from hotels around the globe
- Hotels becoming entertainment hubs
- Hispania spends €165m on seven-property portfolio
- A look at the latest iteration of the IceHotel
Lotte chairman free to take reins of company: A South Korean court has suspended the 20-month sentence for Lotte Group Chairman Shin Dong-bin, freeing the embattled businessman to keep control of his similarly troubled company, according to a report from Reuters.
Shin’s sentence, which stems from charges of breach of trust and embezzlement, has been suspended for two years. The company he’s taking over is in significantly worse shape than even a year ago due to issues in China, the company’s largest market.
In light of the troubles, company officials abandoned plans for a $4.5 billion IPO for Hotel Lotte.
Some top desserts from hotels around the globe: Hotel F&B experts shared some especially tasty looking dessert options with Hotel News Now’s Danielle Hess, who compiled them into a particularly delicious collection.
Among these choice desserts is the Bûche Veneto served at the Park Hyatt Tokyo, which executive chef Thomas Angerer suggested pairing with Champagne or whisky.
“The dessert has a rich coffee cream center, which is sandwiched in between coffee-soaked sponge cake,” he said.
Hotels becoming entertainment hubs: According to a new report from The New York Times, hotels are currently undergoing an evolution that harkens back to “the past when hotels were social hubs.” The newspaper reports that “competitive forces” are driving more hotels to act as entertainment hubs, adding things like speakeasies, bowling alleys and various types of live performances.
“Hotels have learned that entertainment is more than just Wi-Fi and high-definition TV in the room with on-demand movies,” Henry H. Harteveldt, founder of the Atmosphere Research Group, told the Times. “When you can get a customer out of their room and into a bar or bowling alley, the guest is not only hopefully having fun, but spending money in the process.”
Hispania spends €165m on seven-property portfolio: Spanish real estate investment trust Hispania has agreed to spend €165 million ($195.6 million) for a portfolio of seven resort hotels owned by Alchemy, according to a report from Business Immo. The deal encompasses 1,700 rooms on the Balearic and Canary Islands under the Alua Hotels & Resorts brand.
Closing is expected by the end of February.
A look at the latest iteration of the IceHotel: Jukkasjärvi, Sweden-based IceHotel has unveiled its latest rooms, and My Modern Met has a look at some of the elaborate ice sculptures featured at the unique property.
While portions of the hotel are a year-round structure, special suites are carved from ice by artists from around the world.
Compiled by Sean McCracken.