Hotels

Crown acquires 20% stake in Nobu

Anne Majumdar

Crown Resorts as acquired a 20% stake in international restaurant and hotel company Nobu with James Packer set to join the company board as one of four directors.

Entities associated with Robert De Niro, Nobu Matsuhisa and Meir Teper will continue to own the remaining 80%.

Crown chairman Rob Rankin described the Nobu brand as “complementary” to Crown Resorts’ own global luxury positioning.

“The Nobu business has an attractive near-term growth profile, with a number of new restaurant and hotel openings planned,” he said.

There are currently Nobu restaurants in Crown Melbourne and Crown Perth with a Nobu Hotel in City of Dreams – Manila.

“James Packer established Crown’s relationship with Nobu some years ago,” Rankin said. “This acquisition cements that existing strong relationship.”



SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Hotels

Star appoints former Tyro CEO as new boss

Will a new boss mean better chances of winning on the pokies? There’s only one way to find out!

Share

CommentComments

Events

Spencer Travel expo goes off with a bang!

Don’t worry, it didn’t go off with a literal bang – although fireworks are always good fun at an event.

Share

CommentComments

Midweek Interview

Midweek catch-up with Sabre’s Darren Rickey

We caught up with SVP airline global sales at Sabre, who has been living it up in Barcelona and Southern France and honestly, we’re a little offended we weren’t invited.

Share

CommentComments

Hotels

Airbnb officially bans parties

The Airbnb party is officially gone! Now you’ll have to get pissed in a nearby park when you go on holiday.

Share

CommentComments

Hotels

TFE to bring Collection brand to Sydney

Complete with an infinity pool featuring sweeping city views, the new property is touted as a destination in itself, however, we can’t confirm that until we’re offered a free stay.

Share

CommentComments

Cruise

Avalon Waterways offers double Qantas Point incentive

Satisfy your point-junkie clients by scoring them four points per dollar spent on their next luxury river cruise.

Share

CommentComments

Aviation

Air New Zealand sets roll out date for long awaited bunk-beds in economy class

Praise the travel gods! Passengers will soon have the option to lay down in cattle class and we’re so excited we’ve decided to take our afternoon nap early.

Share

CommentComments

Aviation

Qantas proposes scrapping bonuses if it is “harmed”

Qantas has copped some bad press lately, but the silver lining is it’s a great excuse for Alan Joyce to get a nice makeover!

Share

CommentComments

Aviation

Boeing 737 MAX mid-air emergencies revealed in new investigation

Surprisingly the investigation came from the ABC and not from Air Crash Investigation, which kind of puts the show to shame a bit.

Share

CommentComments

Travel Agents

Western travel agents banned from booking Hajj pilgrimage

Those looking to complete Hajj will have to enter the Hajj lottery, which you are still astronomically more likely to win than the actual lottery.

Share

CommentComments

Wholesalers

Virtuoso uncovers key differences in how each generation travels

Meanwhile, Travel Weekly staff are conducting our own research to tap into the zoomer market by teaching the office dog TikTok dances. It’s not going well.

Share

CommentComments

Cruise

Royal Caribbean Group completes its comeback with all ships back at sea

To honour the milestone, all 63 ships in the group’s fleet sounded their horns at once, which most likely scared the sh*t out of nearby fishing boats and unsuspecting wales across the world.

Share

CommentComments