Ennismore to Tap Investment Firm Cain to Fuel Delano Hotels Growth

Shanghai is known for its forest of skyscrapers with the world’s third-largest megatower leading the charge. Travelers wary of heights will find a medley of things to do at ground level including the historic waterfront, trendy Xintiandi, and the ancient Yu Garden. In terms of where to stay in Shanghai, the city is a playground of high-rise luxury hotels with infinity pools, rooftop bars, and awesome skyline views. The best hotels in Shanghai, China, are near or within eyesight of The Bund.

Luxury hospitality juggernaut Aman is entering an unprecedented period of growth. After amassing 34 luxury hotels in 35 years, it now plans to open 11 hotels and resorts for its off-shoot brand Janu over the next four years, Skift has learned.

Although the mythical “Grand Budapest Hotel” isn’t an option when deciding where to stay in Budapest, there are countless hotels in Hungary’s vibrant capital that earn the Gustave H. stamp of approval. Widely considered one of the coolest cities in Europe, days in Budapest are spent encountering landmarks, meandering along the riverside, and curing all ailments by “taking the waters” at a thermal bathhouse. Evenings start with rooftop sundowners and end in buzzing ruin bars. Fusing golden-age hospitality with bohemian charm, these luxury Budapest hotels give you the grandest experience.

In 1966, Florence Knoll wanted some outdoor furniture for her Florida home. Little did she realize that she was facilitating one of the key leisure inventions of the 20th century. The sun lounger. An essential of any hotel or villa poolside experience or beach. Adjustable, customizable luxury and a strong signifier of status. That recline fully.

Paxport and Norse Atlantic Airways agree exclusive commercial partnership to expand the airline’s transatlantic distribution network via market-leading booking technology.

More than $30 million committed to help unlock paths to hotel ownership.

Private equity firm KSL said on Monday it intends to buy Hersha Hospitality Trust, the owner of 25 U.S. lifestyle hotels, in an all-cash transaction worth about $1.4 billion. The move would take private Hersha at an approximately 60% premium to the real-estate investment trust’s closing stock price on Friday.

Standard International, the hotel company behind The Standard Hotels and The Peri Hotel — and a majority owner of Bunkhouse House Group — is taking on a lot these days to meet CEO Amber Asher‘s aggressive expansion plans.

Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt’s interest rates to the Chinese online travel giant’s performance against specific environmental targets.

Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.

Hotels added 26,000 new jobs in the United States in November, a small increase from the previous month despite the overall strong job growth numbers for the U.S. economy, especially the leisure and hospitality industry.

Good morning from Skift. It’s Wednesday, November 30. Here’s what you need to know about the business of travel today.