Minor International plans to float an real estate investment trust (REIT) in mid-2026. That will be a key way for the hospitality group to slash its hotel ownership.
An IPO just a few years after Ritz-Carlton Yacht Collection's maiden voyage would be ambitious, though the CEO also raised the possibility of getting "gobbled up."
Accor's plan to spin out Ennismore, the trendy hotel and restaurant group, would test the investor appetite for lifestyle hospitality. How much more should investors pay for exposed-brick walls and craft cocktails?
Navan's landing of OpenAI, Perplexity and Anthropic as customers is a coup, and shows the company's offerings resonate in Silicon Valley. But Navan's revenue is also broad-based geographically.