TOURISM i TOUR & TRAVEL I HOTEL i HOSPITALITY i RESORT i
Hyatt Expected to Double Number of Hotels in Africa by 2020
Carlson Rezidor Hotel Group adds three hotels to its African Pipeline
India would be largest aviation market by 2030: World Economic Forum
sbe signs 10 global hospitality deals in North America, Latin America, & Middle East
Four Seasons and Jabal Omar Development Company to Open New Hotel in Makkah, Saudi Arabia
Marriott International to open 16 new resorts in Asia Pacific across seven brands in 10 countries
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sbe signs 10 global hospitality deals in North America, Latin America, and Middle East
sbe, the leading lifestyle hospitality company that develops, manages and operates award-winning international hospitality brands, has confirmed another 10 deals to bring its hotels, residences, and restaurants to new territories in Latin America and the Middle East, through a mix of management and licensing agreements. Building on its already robust pipeline, the company stands to double its global hotel footprint by 2021. Additionally, an estimated 24 restaurants and lounges are going to be part of the new and existing hotel pipeline, further emphasizing the company's stance on offering a 360-degree experience for guests.
Sam Nazarian, Founder and CEO of sbe, said: "sbe is further expanding our global footprint across our entire portfolio – from luxury hotels and residences to fast casual dining. With these 10 new deals, we are enhancing our already extensive pipeline and enjoying a period of unprecedented growth. Our pipeline demonstrates the versatility and strength of our brands on a global scale, and we look forward to continuing to develop our brands both domestically and internationally."
Licensing and management deals have been signed for sbe's flagship SLS brand with plans to open in Mexico, Qatar, Uruguay and Argentina.
Adding to its Middle Eastern pipeline, sbe is working with its partner from Mondrian Doha, Al Hamla Real Estate Investments LLC, to introduce the SLS brand to The Pearl development in Doha, Qatar. The SLS Doha will comprise a 200 key managed hotel, 100 key residences, 50 serviced apartments and three restaurants. It is slated to open in 2020.
In Latin America, sbe will manage SLS Mexico City Pedregal, a 150 key hotel with 150 key branded residences located in the upmarket Pedregal area of Mexico City. The agreement with IDU, Mexico City's largest residential developer, will see the ground-up build open in 2021.
Additionally, sbe has approved projects with approximately 300 keys for developing SLS Punta del Este Residences in Uruguay.
SLS Pilar Residences will also open in 2020 – a 173 key residential project in Pilar, Buenos Aires, Argentina with BARZA.
IHG to debut Holiday Inn in Laos capital
IHG's Kenneth Macpherson with Doan Quoc Huy, Vice President BIM Group at the Holiday Inn & Suites Vientiane signing ceremony
InterContinental Hotels Group, one of the world’s leading hotel companies, has signed a management agreement with BIM Group to develop the first Holiday Inn hotel in Vientiane, Laos. This will be IHG’s third project with BIM Group, who also owns Crowne Plaza Vientiane and the upcoming InterContinental Phu Quoc Long Beach Resort & Residences.
Set to open in 2019, the 250-room Holiday Inn & Suites Vientiane, which includes 50 long-stay suites, will be part of a mixed-use development consisting of the existing Crowne Plaza Vientiane, office towers and a retail mall. Located within the vicinity of the city centre, the new-build hotel will be less than three kilometres away from the airport, promising an easy commute to the hotel and convenient access to embassies, government offices, banks and corporate offices in the city.
With a selection of lifestyle offerings within and around the mixed-use complex, leisure travellers will be able to enjoy shopping and dining options at their doorstep, take a short stroll to the downtown core, or explore key tourist attractions located nearby, such as the Lao National Museum, night market and Mekong River.
Holiday Inn & Suites Vientiane will be equipped with versatile function spaces for meetings and events, including a large ballroom capable of seating more than 1,000 people - banquet style. This is in addition to a business centre, outdoor swimming pool, gym, and two dining establishments. The hotel will also provide the Holiday Inn brand’s signature offerings such as the Kids Stay and Eat Free® programme, where kids under the age of 12 can stay and dine for free – making it ideal for family, leisure and business travellers alike.
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Carlson Rezidor Hotel Group, one of the fastest growing hotel companies in the world, is proud to announce the addition of three hotels to its robust African portfolio. The new 530 rooms bring the group’s African portfolio to a tally of 80 hotels and over 17,200 rooms in operation and under development.
“Africa remains a focus market for our growth journey and we remain committed to the continent” said Elie Younes, Executive Vice President & Chief Development Officer of Carlson Rezidor Hotel Group. “The additional three hotels include two in Ethiopia, a Radisson Blu in Bishoftu and the first Park Inn by Radisson for the country in its capital city, Addis Ababa and a luxury hotel in Abuja. We are thankful to our partners for their trust in our brands and people – and look forward to long-standing relationships with them.” continued Younes
Radisson Blu Bishoftu, Ethiopia:
Bishoftu is a popular MICE and leisure destination within Ethiopia. It is located 35km southeast of the country’s capital city, Addis Ababa. It is also within easy access of the country’s first international five-lane highway, leading from Addis Ababa to Djibouti. The hotel will be located on Lake Babogaya, which forms part of the region’s renowned five crater lakes.
“Radisson Blu Hotel, Bishoftu is a great addition to our Ethiopian portfolio as we expand outside of the capital city,” said Andrew McLachlan, Senior Vice President of Business Development, Africa & Indian Ocean for the Carlson Rezidor Hotel Group. “The hotel will be the first internationally branded hotel with the largest meeting and events center in Ethiopia, outside of Addis Ababa.”
The 152-room Radisson Blu hotel will have a restaurant and terrace, a specialty restaurant and a pool bar on the terrace, offering picturesque lake views. The 1,045 sqm meeting and events spaces will include a state-of-the-art ballroom and six contemporary meeting rooms. Radisson Blu Hotel, Bishoftu will also offer a luxurious spa and well-equipped gym.
Hyatt Hotels & Resorts, announced that Hyatt expects to double the number of Hyatt hotels in Africa, with six new hotels expected to open by 2020. The developments are expected to see the Hyatt brand enter four new countries on the African continent and are expected to create approximately 2,100 new jobs once open.
East Africa is one of Hyatt’s primary focus areas in the near term, with the region benefiting from continued government investment in infrastructure, an expanding middle class and a growing international recognition of the region’s stability, all contributing to an 11% growth in Sub-Saharan African tourism in the past year alone. According to the UNWTO World Tourism Barometer, the first half of 2017 saw a 14% increase in international arrivals in East Africa over the same period in 2016, with intra-Africa travel up nearly 13% for the same period.
“The development opportunities for Hyatt in Africa are significant, and we see enormous potential in the region. This expansion reinforces our commitment to developing our pipeline in Africa,” said Peter Penev, vice president acquisitions and development for Hyatt. “With the introduction of a Pan-African, visa-free passport next year alongside the continued improvement in the connectivity and growth of the region’s airlines, we expect tourist and business travel will only continue to increase. We look forward to working with our local developers and partners to further deliver on our ambitious plan to help grow the hotel industry in East Africa.”
Holiday Inn Goiânia opens in Brazil
IHG, (InterContinental Hotels Group) one of the world’s leading hotel companies, announces the opening of the new-build 209-room Holiday Inn Goiânia hotel. This is IHG’s eighth Holiday Inn property in Brazil and the first IHG hotel in the Midwestern city of Goiânia, located about 130 miles from Brasilia, the nation’s capital. The new hotel is centrally situated near the city’s main thoroughfares and is in walking distance to the 'Feira do Sol' and 'Feira da Lua', banks, the Bougainville Shopping mall and local parks.
Gerardo Murray, Regional Vice President of Brands & Marketing, Mexico, Latin America and Caribbean, IHG, said: "We are very pleased to open this hotel in Goiânia and to continue growing the Holiday Inn brand in Brazil.
Whether guests are traveling for business or leisure, we are committed to sharing the joy of travel by providing a clean, comfortable and affordable stay to everyone.”
Holiday Inn hotels are designed to provide a welcoming and sociable environment for travelers spending time away from home. The hotel’s amenities include wireless high-speed Internet access, a beautiful rooftop pool, fitness center, business center and six modern meeting rooms with a capacity for up to 500 people. The hotel’s restaurant serves both international and regional dishes for breakfast, lunch and dinner, and kids eat free with the purchase of an adult meal. After a long day at work, guests can also enjoy a refreshing drink in the hotel’s Holiday Bar located in the lobby.
Owned and managed by SS Hoteis Eireli-ME, the Holiday Inn Goiânia is franchised by an affiliate of IHG and is part of IHG’s diverse family of brands in nearly 100 countries and territories. The Holiday Inn brand opened the doors of its first hotel more than 65 years ago and since then has been making travel more enjoyable for generations of travelers all over the world. Whether on the journey of a lifetime, a family vacation or business, guests know they can expect the contemporary design, modern amenities and warm, welcoming service that distinguish the Holiday Inn brand.
Marriott International expands its Resort portfolio across the Asia Pacific Region
Marriott Internationalis on track to open 16 new resorts in Asia Pacific across seven brands in 10 countries and territories this year, giving travelers more choices when booking holidays, business events or special occasions. Marriott currently has 130 upper-upscale and luxury resorts in the Asia Pacific region in countries including China, Malaysia, Vietnam and Thailand.
The new hotels range from tranquil resorts such as the beachfront Weligama Bay Marriott Resort & Spa, which is the company’s first hotel in Sri Lanka, to The Ritz-Carlton Haikou, which presents travelers with a new experience as Ritz-Carlton’s first golf resort in China.
“This is an exciting year for Marriott International in the Asia Pacific region as we deliver innovative, new ways to cater to today’s and tomorrow’s travelers,” said Peggy Fang Roe, Chief Sales and Marketing Officer for Asia Pacific. “Our new openings demonstrate our promise to be where our guests want to be and provide them with everything they need to relax, recharge or celebrate a special milestone.”
These new properties will benefit from growing demand from Chinese travelers, who today are the world’s No. 1 source of outbound travelers. China National Tourism Administration estimates China’s travelers will take 700 million trips over the next five years. As incomes rise, China’s middle class is looking for higher quality products and travel experiences – such as stays at Marriott’s newest resorts. Earlier this year, Marriott launched a joint venture with Alibaba to help capture this growth by redefining their travel experience.
“Marriott International is proud to offer picture-perfect paradises for every occasion,” said Paul Foskey, Chief Development Officer, Marriott International Asia Pacific. “We continue to cater to its ever-expanding customer base by introducing new brands, exciting destinations and unique experiences to its resorts portfolio.”
Four Seasons Hotels and Resorts,the world's leading luxury hospitality company, and Jabal Omar Development Company (JODC), a leading developer in the Middle East, announce plans for a new Four Seasons hotel in the Holy City of Makkah (also known as Mecca) as part of the Jabal Omar integrated real estate development. Ideally located adjacent to Al-Masjid Al-Ḥarām (the Grand Mosque) and with direct access and unobstructed views of the Haram, Four Seasons Hotel Makkah will offer the most gracious accommodations in the city.
Four Seasons Hotel Makkah will be the company's second location in Saudi Arabia, joining Four Seasons Hotel Riyadh at Kingdom Centre in offering the most luxurious accommodations and personalised service in the region.
"As Four Seasons continues to expand its portfolio in the Middle East, we are pleased to partner with JODC to create a fully customised Four Seasons experience in Makkah," says J. Allen Smith, President and CEO, Four Seasons Hotels and Resorts. "Each Four Seasons is reflective of its destination and the people who stay with us, and this project in particular is designed to accommodate the unique needs of those who visit Makkah. This magnificent new building will set the stage for tailored service in a luxurious environment, enhancing the connection to this important place for all who visit."
"Four Seasons will be the jewel in the Jabal Omar master development plan," says Yasser Faisal Al-Sharif, CEO of Jabal Omar Development Company. "With our design partners and Four Seasons, we will bring to life a vision for the ultimate hospitality experience to enhance Hajj and Umrah pilgrimages."
Hyatt Hotels Corporation, announced that a Hyatt affiliate has entered into a franchise agreement with HR Group for a Hyatt House hotel in Frankfurt, Germany. Expected to open in late 2019, the hotel will be owned by benchmark. REAL Estate Development GmbH and will be leased and managed by HR Group. Hyatt House Frankfurt/Eschborn will mark the second Hyatt House and third select service hotel for Hyatt in Germany, an important step towards increasing Hyatt’s portfolio throughout the country.
The Hyatt House brand is rooted in extensive consumer insights indicating that guests seek stylish, comfortable, seamless experiences that accommodate their lifestyles and familiar routines. To embody this, the brand offers casual hospitality and purposeful service in a smartly designed, high-tech and contemporary environment.
“We are delighted to announce plans for the second Hyatt House hotel in Germany,” said Guido Fredrich, Hyatt’s regional vice president acquisitions and development for Europe. “We continue to grow the Hyatt House brand thoughtfully in key markets around the world, and we believe Hyatt House Frankfurt/Eschborn will provide an exciting new hotel experience for guests visiting Frankfurt, one of Germany’s most important hotel markets.”
The new Hyatt House hotel will be located in Frankfurt Eschborn, a well-established business area on Frankfurt’s Ring Road, known to be the city’s international financial and economic center. The hotel’s immediate surrounding area is currently home to numerous high-profile corporations. Eschborn benefits from a great infrastructure with easy access to the main highways, convenient connections into Frankfurt city center and Frankfurt airport. It also offers a range of local amenities such as shopping facilities, restaurants, and recreation areas.
Hyatt announces plans for Hyatt House Frankfurt/ Eschborn
Marking its first presence on the Eastern coast of Thailand,The Ritz-Carlton Hotel Company, L.L.C.is pleased to announce the newest addition to its collection of renowned global properties with the opening of The Ritz-Carlton, Koh Samui. Located on the tropical island paradise of Koh Samui on the Gulf of Thailand, The Ritz-Carlton, Koh Samui seamlessly combines the brand’s legendary service with the traditional spirit of Thai hospitality and colorful Samui island life culture to create a unique melting pot of indelible new memories.
“Known for its charm and pristine natural beauty, Koh Samui is a favorite destination for travelers. An island sanctuary amid breathtaking and diverse beauty, this resort is an exceptional blend of both The Ritz-Carlton and Thai cultures and fulfills our mission to offer inspiring new memories in sought-after locations,” said Hervé Humler, President and Chief Operations Officer, The Ritz-Carlton Hotel Company, L.L.C. “We are confident that The Ritz-Carlton, Koh Samui will make a valuable contribution to the long-term success of this destination and enhance the memorable travel experience for guests from around the world.”
The Ritz-Carlton, Koh Samui offers 175 suites and pool villas nestled amid 58 acres that overlook the turquoise waters of The Gulf of Thailand. Built on the site of a former coconut plantation, the resort pays homage to its past through the extensive use of coconut and other natural materials such as ceramics, touches that imbue a sense of place and help immerse guests in their destination.
The oceanfront resort features Spa Village Koh Samui, a 3,800-square-meter haven anchored in the healing culture of the region, complete with eight treatment suites, three massage pavilions, a yoga pavilion, health bar, and a lap pool with intimate cabanas.
Additional venues include Shook!, a stylish interactive dining space serving innovative Asian and Western dishes complemented by a superb selection of fine wines; Sea Salt, offering international classics and Thai favorites in a relaxed dining atmosphere; and Tides, an ideal spot for sun-lovers to unwind with a refreshing cocktail from the poolside bar and enjoy a citrus-cured specialty from the cevicheria. With its circular bar and lounge, One Rai offers cocktails and Asian-inspired small bites. Additionally, on select days guests can enjoy Baan Talat, an outdoor food market experience with street food stalls, dancing and crafts.
The Ritz-Carlton, Koh Samui opens capturing the original spirit of Thai
InterContinental Singapore Robertson Quay unveils New Hotel Concept
InterContinental Hotels Group one of the world’s leading hotel companies, announces the opening of InterContinental Singapore Robertson Quay, the first international luxury hotel brand at The Quayside, Robertson Quay, set to impress with its residential-inspired hotel concept in the city’s most vibrant.
Set amidst a dynamic, sophisticated neighbourhood along the Singapore River, known for its dining options and arts houses, the luxury hotel has been carefully curated by world-class designers, architects and culinary purveyors. Located just a few minutes from the CBD, the hotel still maintains a stylish but laid back, relaxed feel in the leafy, upscale neighbourhood of Robertson Quay. The hotel offers 225 luxurious studios and suites, including an expansive Penthouse, which has unparalleled views of both the Singapore River and vibrant city via floor-to-ceiling windows.
InterContinental Singapore Robertson Quay is fully equipped for business travellers, with five intimate meeting and event spaces as well as an exclusive 24-hour Club InterContinental lounge. Club guests will enjoy access to tailored and personalised services, including a dedicated team to personalise their stay, private in room or lounge check-in and impressive Club rooms. Quayside Lounge, which is set amongst lush tropical surroundings on level four, offers sophisticated afternoon tea and curated evening cocktails. Guests looking to maintain their wellness routines can look forward to recreational facilities such as the lap pool and 24-hour fitness studio.
Safety, Skills and Infrastructure Key to Realizing India’s Tourism Potential; Biggest Aviation Market by 2030
New report by the World Economic Forum, Incredible India 2.0 – India’s $20 Billion Tourism Opportunity, highlights India’s enormous potential to develop its tourism and aviation industry
Report builds on the Forum’s Global Travel & Tourism 2017 Competitiveness Index, which finds India to be much more welcoming to tourists than in the past
The report was launched at the India Economic Summit, taking place 4-6 October, in New Delhi, India.
India is now one of the fastest-growing aviation markets in the world, with domestic demand reaching nearly 100 million passengers. Yet, annual international arrivals have remained relatively low, at 9 million. Against these findings, Indian policy-makers and industry experts have joined forces to achieve the objective of welcoming over 15 million foreign tourists annually by 2025 and becoming the world’s largest aviation market by 2030.
A new report published by the World Economic Forum, Incredible India 2.0 – India’s $20 Billion Tourism Opportunity, estimates that, with a growth in international arrivals to 20 million a year in India, the country’s tourism sector could incrementally grow by more than $19 billion and lead to the creation of up to 1 million additional jobs.
“The travel and tourism industry has the potential to make a real difference in people’s lives by driving growth, creating jobs, and fostering development and tolerance,” said Tiffany Misrahi, Community Lead of the Aviation, Travel and Tourism Industries at the World Economic Forum. “India has tremendous untapped potential, and has the opportunity to reach its goals should it prioritize the industry and focus on implementing policies and solutions that build demand and create adequate supply.”
Hilton announced the opening of its newest hotel, the dual-branded Homewood Suites by Hilton Los Angeles International Airport and H Hotel Los Angeles, Curio Collection by Hilton. Located less than a mile from Los Angeles International Airport (LAX), the new hotel brings 290 rooms to the City of Angels, and provides a great new lodging option for the more than 40 million* leisure and business travelers that come through what is considered one of the country's busiest airports**. The property is the first hotel in Los Angeles for both brands, Homewood Suites' fourth in Los Angeles County. The opening also adds to the growing number of multi-brand hotels Hilton currently has open or in the pipeline throughout the U.S., Canada, Mexico, South America, Europe and the Middle East to better serve both travelers and developers.
"We are pleased to expand our Los Angeles-area footprint with the opening of this dual-branded hotel," said Adrian Kurre, global head of Homewood Suites by Hilton. "Moreover, with its proximity to Los Angeles Airport, business and leisure travelers from across the globe will have the opportunity to experience Homewood Suites' unique value-driven all suites offering."
The dual-brand concept creates larger and enhanced communal areas and amenities than what would be standard at a standalone property, benefiting both business and leisure travelers. The hotel has a mix of unique offerings - each catering to the needs of their respective guests - including two distinct 24-hour fitness centers, a shared outdoor pool. The hotel also offers 1,800 square feet of flexible meeting space.
Homewood Suites by Hilton Opens First Los Angeles Property
Autograph Collection Hotels Opens Fourth Hotel in Roomers Munich Germany
Autograph Collection Hotels, Marriott International’s distinctive collection of passionately independent hotels, announced its fourth hotel in Germany with the opening of Roomers Munich, located in the city’s burgeoning Westend.
“With its unparalleled location, immersive design and bespoke dining experiences , Roomers Munich perfectly embodies the exactly like nothing else ethos of the brand,” said Brian Povinelli, Senior Vice President and Global Brand Leader, Autograph Collection Hotels. “We are thrilled to welcome it to our growing global portfolio of 125 distinctive hotels around the world.”
Created by the visionary Gekko Group with an avant-garde approach to the hotel’s interiors led by Amsterdam design company, concrete, Roomers Munich boasts a refreshing individuality through its furnishings and flair that reflect an urban zeitgeist. The juxtaposition of natural materials – wood, leather and marble – perfectly contrast with polished copper elements through the public spaces; and the 281 thoughtfully designed guestrooms and suites subtly layer contemporary décor with unconventional touches and exceptional art, all evoking the feeling of an intimate boutique hotel. Additionally, each guestroom is equipped with a Bang & Olufsen Sound System, Nespresso Machine, Apple TV and Android Miracast to the free WiFi and well-stocked Room Bar.
Hampton by Hilton continues its expansion in Colombia
The brand Hampton by Hilton of Hilton (NYSE: HLT), global mid - priced hotels recognized for providing travelers your Hamptonality service, announced the opening of its newest property in Bogota, Colombia.
Property owned by Metro Operación Inmobiliaria SAS, the new Hampton by Hilton Bogota Airportwith 144 rooms is the ninth hotel of the brand in the country.
"With more than five million international travelers visiting Colombia in 2016 *, we are proud to expand the presence of Hampton by Hilton in the country and focus on the needs of our business travelers and tourists in this important market," said Gregory Gonzalez, General Manager. "Our guests will enjoy a prime location and our friendly service, backed by the 100% unconditional Hampton Guarantee."
Hampton by Hilton Bogota Airport features contemporary, bright and comfortable rooms equipped with LCD flat-screen TV with movie channels, coffee maker, mini-fridge and the clean and new Hampton Bed® bed. Located on the 12th floor of the building, the lobby has a 180 degree view of the city.
Hampton by Hilton Bogota Airport offers its guests value-added amenities included in the rate as a buffet breakfast with hot options such as delicious waffles and seasonal options, or their signature "On-The-Run" breakfast to take away. In addition, the hotel offers free Wi-Fi, 24-hour business center, state-of-the-art fitness center and event space for up to 40 people.
Hampton by Hilton Bogota Airport is located approximately five miles from El Dorado International Airport and only 15 kilometers from downtown Bogota. Guests can visit the region of La Candelaria, which has several museums, cultural attractions and art exhibitions, as well as historical attractions such as the Museum of Mint and Quinta de Bolivar.
Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa and Turkey, and SHUAA Capital Saudi Arabia (SCSA), a leading investment manager, have announced the opening of the Centro Waha Riyadh Hotel. This is the second hospitality project to be developed courtesy of the sharia compliant SHUAA Saudi Hospitality Fund I and under the Centro by Rotana brand in the Saudi market.
The new hotel includes 290 rooms, studios and hotel suites, all designed and furnished in an elegant, contemporary style ensuring that guests are provided with maximum comfort and relaxation. The hotel offers a new hospitality concept across the region and is expected to resonate powerfully among business and leisure travelers alike.
During the official opening ceremony, the CEO of SHUAA Capital Saudi Arabia, Mr. Omar Al Jaroudi, noted that, after the opening of Centro Shaheen in Jeddah last year, Centro Waha Riyadh is another significant milestone in the successful strategic partnership between SHUAA Capital Saudi Arabia and Rotana.
“The new hotel is the embodiment of our long-term vision for the Saudi hospitality market which is undergoing a period of rapid growth. Our partnership with Rotana has already proved to be a winning formula and we look forward to building on this success with the opening of more Centro hotels across the Kingdom,” Al Jaroudi said.
For his part, Vice Chairman of Rotana, Mr. Selim El Zyr, welcomed attendees and expressed his thanks and appreciation for all the group’s partners in this important opening. “Today, we are proud and happy to participate in the Kingdom’s development journey, as we seek to contribute to the realization of
the ambitious Vision 2030 and achieve the goals of the National Transformation Program 2020, which entails the activation of the Kingdom’s regional and global role as a commercial and economic center, as well as a destination for tourists and investors alike,” he said.
Rotana Group, opens Centro Waha Riyadh Hotel
Xenia Hotels & Resorts Acquires Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch and Royal Palms Resort & Spa for $305 Million
Xenia Hotels & Resorts, Inc., announced its acquisition of Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, a 493-room upper upscale resort located in Scottsdale, Arizona, and Royal Palms Resort & Spa, a 119-room luxury resort located in Phoenix, Arizona that is part of The Unbound Collection by Hyatt.
he Company acquired the two hotels from affiliates of Hyatt Hotels Corporation for a combined purchase price of $305 million, or approximately $498,350 per key. The purchase price represents an estimated 12.6x multiple on 2017 forecasted Hotel EBITDA. The Company currently forecasts that the hotels will generate approximately $6 million of Hotel EBITDA for the remainder of 2017. Additional details on the transaction can be found in the presentation posted on the Company's.
"The acquisition of Hyatt Regency Scottsdale and Royal Palms demonstrates our continued effort to invest in high-quality, uniquely positioned, premium full service and lifestyle hotels in top lodging markets," stated Marcel Verbaas, President and Chief Executive Officer of Xenia.
"We are thrilled to have been able to add two terrific hotels in one of our target markets that benefits from many diverse demand generators. While the hotels are in good physical condition and have strong in-place cash flows, we believe we will be able to drive further growth as we work with Hyatt to continue to optimize operations, reap the benefits of the recent branding of Royal Palms and make targeted capital improvements to further upgrade both properties. The market boasts relatively low supply growth over the next several years and the combination of these two hotels, each of which are focused on different segments within the overall lodging market, positions us well to take advantage of all the unique demand drivers of the Scottsdale area."
Park Inn By Radisson Kyiv Troyitska Is Now Open
Park Inn by Radisson, the colorful and dynamic mid-scale hotel brand of Carlson Rezidor Hotel Group, announces the opening of the first Park Inn by Radisson Troyitska in Kyiv. This is Carlson Rezidor’s fourth hotel in Ukraine and third in Kyiv city.
Situated in Kyiv center, a few steps from the National Olympic Stadium, the new Park Inn by Radisson Troyitska offers an international mid-scale hotel experience. The Olympic National Sports Complex and Olympic business center, other historical and cultural attractions such as St. Nicholas Roman Catholic Cathedral, Concert Palace Ukraine, Kyiv Fortress, and Kyiv National Academic Theatre of Operetta are all nearby.
Located on Troyitska Square, Park Inn by Radisson Troyitska is built by the real estate and development business division of Smart-Holding. The hotel is just a one-minute walk from the Olimpiyska Metro Station and close to public transport stops and railway stations. The International Airport Kyiv Zhulyany (IEV) is eight kilometers away.
“Park Inn by Radisson is a fresh and energetic mid-market hotel brand built on choice, connectivity and community,” said Michel Stalport, Area Senior Vice President of Eastern Europe & Russia at Carlson Rezidor Hotel Group. “We see a growing popularity for the Park Inn by Radisson brand across Eastern Europe and the world, as international travelers are looking for an affordable but high-quality hotel experience. We are grateful to our investors, Smart-Holding company, for choosing Carlson Rezidor Hotel Group as their preferred partner to grow further in Kyiv, and look forward to showcasing the best of our ’Adding Color to Life‘ service philosophy.”
“Park Inn by Radisson Kyiv Troyitska is our first investment project in the hotel industry, which is an attractive business segment for us,” said Alexey Pertin, CEO of Smart-Holding. “Rooms in a downtown hotel of this category will always be in demand. I am sure that, together with Carlson Rezidor, we can offer our guests a competitive project that fully meets international standards. The hotel will complement the ensemble of Troyitska Square, which we renovated on the eve of UEFA EURO 2012 Final.”
Hilton, announced plans to open new hotels in Dortmund, Munich, Frankfurt and Berlin. The new hotels follow strategic agreements with Primestar Hospitality GmbH, Foremost Hospitality GmbH and tristar GmbH, facilitating the rapid roll out of its focused service Hilton Garden Inn and Hampton by Hilton brands. Hilton has opened four new hotels in Germany this year. Hilton Garden Inn Frankfurt City Centre is slated to open in November. The new hotels will add a combined total of 2,000 rooms before the end of 2018.
Marybelle Arnett, vice president, development, Central and Eastern Europe, Hilton said: "Hilton is committed to the German market and, with more than half of our pipeline hotels already under construction, we plan to significantly increase our portfolio here over the next two years.
"2016 was a stellar year for the German hotel industry with record overnight stays and a 3.4% increase in RevPAR. Strong demand drivers are expected to continue into 2018 as more travellers visit Munich, Berlin, Frankfurt and Germany's many regional cities, and these new hotels will cater to the growing interest in our brands."
Hilton will next year open:
Hampton by Hilton Dortmund Phoenix See
The 128 guest room Hampton by Hilton Dortmund Phoenix See is located adjacent to German regional bank Sparkasse's new national training centre. Phoenix-East industrial estate is also within walking distance of the hotel which is slated to open in the first half of 2018. Hampton by Hilton Dortmund Phoenix See will be located at Fassstrasse, 44263 Dortmund-Horde and will be managed by tristar Gmb.
Hampton by Hilton Frankfurt City Centre East
Hampton by Hilton Frankfurt City Centre East will include 179 guestrooms. Expected to open in early 2018, the hotel will be situated to the east of Frankfurt's city centre, a few hundred metres from the European Central Bank's new headquarters. The hotel will be managed by Primestar GmbH and located at Grusonstrasse 4, 60314 Frankfurt-am Main.
Hilton Adds Five Hotels to its German Portfolio
IHG continues rapid expansion in Germany with series of new openings and signings
IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, announces its continued expansion in Germany with the opening of its sixth hotel and signing of its 13th hotel this year. IHG now has a total of nearly 120 hotels open and in the development pipeline in the country.
The recently opened 323-room Holiday Inn Express® Cologne – City Centre is the largest Holiday Inn Express® in Europe and brings the company’s number of hotels across Germany to 72 (over 14,600 rooms). Holiday Inn Express® Goettingen is IHG’s 13th signing in the market this year, with the development pipeline now at 46 hotels.
IHG’s progress in Germany has been driven through a strategic focus on Multiple Development Agreement (MDA) deals with selected partners; executed by a local growth team who have a deep understanding of the lease-driven property market. IHG’s MDA partners have signed almost all of the deals in Germany so far this year, all of which have been under the Holiday Inn® and Holiday Inn Express® brands.
The Holiday Inn Brand Family continues to go from strength to strength across Germany, with owners recognising the value of the latest design and service innovations that are transforming the estate. This includes the Holiday Inn Open Lobby, where hotels which have implemented this newly designed public space have benefitted from increased guest satisfaction and an average 20% uplift in food and beverage revenue.
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