July 15, 2024

News in brief: edyn, AltoVita, Expedia and Greengage

Extended stay group, edyn, has secured an additional £105m in debt funding from Blackstone Mortgage Trust and KSL Capital Partners’ European Capital Solutions platform. The new funding will directly support the development of two new properties in Zurich and Lisbon and expands on the £195m multi-asset debt facility agreed last year with Blackstone, bringing total funding through the facility to £300m to date.

AltoVita will hold a series of events in March, April and May, culminating in a ‘Smart, Safe, Sustainable Summit’ in London on May 12. The events kick off with a session called ‘Design Thinking: Unlocking ESG Together’ tomorrow (March 10).

UNESCO and Expedia Group have announced new commitments from a number of prominent hospitality groups to join The UNESCO Pledge, which aims to promote sustainable travel, community resilience and heritage conservation globally. These include Melia Hotels International, THB Hotels, Universal Hotels, Helios Hotels, and Accor Hotels’ Mantra brands.

Greengage, an independent provider of advice and accreditation to the meetings and travel industry, has launched EVENTsmart, a carbon calculator for responsible meetings and events of all sizes ranging from virtual meetings to large-scale conferences and exhibitions.