Development External Articles - Hospitality Net

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November 3, 2015

Riu Arecas reopens as a completely renovated Adults Only hotel | eHotelier.com

Riu Arecas is reopening its doors after remaining closed for three months in order to complete a large remodeling project in which RIU Hotels invested 17 million euros. After its renovation, Riu Arecas will be the only exclusive hotel for adults aged 18 and over and will include many new features such as a new beach-side infinity pool with a solarium offering spectacular views, new restaurants, as well as free Wi-Fi 24 hours a day throughout the entire hotel; all of this plus a modern and contemporary look.

External Article

November 2, 2015

Marriott’s Autograph Collection To Double Uk Portfolio Within Two Years | TheCaterer.com

Autograph Collection, the Marriott International brand for upscale, independent hotels, plans to double its UK portfolio within the next two years. The brand has been established for five years and is expanding rapidly. It currently has three properties in the UK and is set to open its 100th worldwide property in South Africa by the end of the year.

External Article

November 2, 2015

Harbour Hotels Announces Three New Properties | TheCaterer.com

Harbour Hotels – the group that focuses on coastal locations in the south of England – has announced the acquisition of three properties. In addition to confirming a new hotel in Brighton, previously announced by The Caterer, the company, which operates under parent company Nicolas James Group, will also be launching a second hotel in Salcombe and its first city centre hotel in Bristol to take its portfolio to 12.

External Article

October 29, 2015

Starwood rumors continue, sells timeshare business | HotelsMag.com

Starwood Hotels and Resorts Worldwide remains atop the headlines and stock exchange advancers on Wednesday with rumors of a potential sale moving from three Chinese companies now to Hyatt Hotels Corp. in advanced discussion to buy the company. At the same time, on earnings day, Starwood announced it is spinning off its timeshare unit, Vistana Signature Experiences, to Miami-based Interval Leisure Group in a transaction valued at US$1.5 billion with Starwood shareholders retaining a 55% stake in the new company.

HOTELS Magazine

External Article

October 26, 2015

Oasia hospitality brand expanding in Singapore and Malaysia | TravelMole.com

Singapore based Far East Hospitality plans a major expansion with three new properties in Singapore and Malaysia. Announcing the news at the 2015 ITB Asia Conference this week, the company will add more than 700 new rooms to the Oasia brand. "As the region continues to mature and attract a strong stream of international arrivals, we believe we can replicate the success of Oasia Hotel Novena by bringing Oasia to other key gateway cities in the region, kicking off with Kuala Lumpur in the first quarter of 2016," said Arthur Kiong, CEO of Far East Hospitality.

External Article

October 26, 2015

Zostel Hospitality To Open 14 Branded Hostels By Year End | EconomicTimes.com

Online budget accommodation aggregator Zostel Hospitality is planning to launch 14 more branded hostels for backpackers by end of the year across national and international destinations. "We are focusing on growing the Zostel network to 25 properties across national and international destinations. We are focusing on Southeast Asia and Europe for now, having successfully opened our first international Zostel in Vietnam," Zostel Hospitality Co- founder Akhil Malik told PTI.

The Economic Times

External Article

October 23, 2015

New Lifestyle Hotel Brand, KARAS Hotels, Launched at 2015 BLLA Leadership Symposium

During her opening remarks on October 21 at this year's Boutique Lifestyle & Lodging Association (BLLA) Leadership Symposium in Santa Monica, BLLA's founder and chair Frances Kiradjian announced the launch of a new Newport Beach-based hotel brand, KARAS Lifestyle Hotels. The new brand replaces Unique Hotels & Resorts, and was formed in partnership with hospitality industry executives Eric Prevette and Carlos Lopes – formerly the managing directors of Unique Hotels – and Murray Holland, previously managing director of MHT Midspan, an investment-banking firm based in Dallas, Texas.

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The next-gen metrics that move hotel P&L

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External Article

October 22, 2015

LUX* Resorts & Hotels unveils expansion plans in the Maldives, Reunion Island, China and the UAE | eHotelier.com

LUX* Resorts & Hotels, is announcing the opening of four new properties by 2017 in the Indian Ocean, China and the Middle East, as well as the complete refurbishment of LUX* South Ari Atoll, Maldives. Paul Jones, CEO of LUX* Resorts & Hotels, comments on the group’s developments: “Once again, we are experiencing exciting times at LUX* Resorts & Hotels. With four new properties scheduled for opening by 2017, and the remaking of LUX* South Ari Atoll, Maldives, the group is progressing well towards our international development ambitions.”

External Article

October 15, 2015

Why Investors Are Looking Beyond London For UK Growth | HotelManagement.net

Last month, we noted that hotel investors and developers looking to gain (or grow) a foothold in the UK could find good deals outside of London—and it seems that the investors are seeing positive results from these efforts. At an exclusive forum recently held by Tisco Wealth and Forbes Thailand, in association with Knight Frank Thailand, Thai property tycoon Khunying Sasima Srivikorn recommended the United Kingdom as the best location for offshore property investment after seeing a double-digit yield from a hotel investment in the Reading, a large town in Berkshire.

hotelmanagement.net

External Article

October 15, 2015

A Former Facebook Employee Is Building the Hotel of the Future | CNTraveler.com

A new hotel in Palm Springs is snubbing traditional hotel services in favor of a casual and comfortable style, with a little help from modern technology. Imagine checking into your hotel room from the hotel bar while the bartender hands over the keys. That’s how Arrive Hotels in Palm Springs plans to welcome its guests when it opens this winter. But lest this seems like a party hotel move, Arrive Hotels' concept is built around ditching traditional hotel services, like the front desk and room phones, and replacing them with technology we use in everyday life, like texting, with the purpose of giving guests a comfortable and easy stay stripped of stodgy hotel formalities.

External Article

October 14, 2015

How crowdfunding is changing the luxury hotel industry | usatoday.com

If a travel jacket raising $9 million on Kickstarter proves anything, it’s that crowdfunding is as good for generating cash as it is for buzz. And it’s not only startups getting into the “campaigns and contributions” game these days. Now, luxury hotels are sticking their hand into that cookie jar, as well. Of course, it’s not really for the money though. For some hotels, Crowdfunding has basically become the new version of a hotel rewards program. And pledging money gets you more than a crappy t-shirt or a signed postcard, but also a lifetime of luxury perks and service as a pseudo-hotel owner.

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

External Article

October 7, 2015

APAC Investors Grow Comfortable In Europe | Hotelnewsnow.com

Asian investors admit to having had a steep learning curve in regard to European acquisitions, but now they get it, Hot.E panelists said. Hotel companies and investors from China and other Asian countries are stepping up their shopping trips in the European hotel industry now that they have learned the ropes and have feet on the ground, according to sources.

External Article

September 29, 2015

Hotel Owners Looking to Stay Current Put Money in Properties | NYtimes.com

Investing at record levels, owners of hotels across the United States are doing everything from rewiring their rooms and buying smart TVs, to replacing bathtubs with more easily maintained walk-in showers. These represent some of the latest capital expenditures by American hotel owners identified in a new survey by Bjorn Hanson, a professor at the Tisch Center for Hospitality and Tourism at New York University, who estimates that this spending will climb to $6.4 billion this year, up 7 percent over last year.

External Article

September 16, 2015

AccorHotels Signs Two In Tehran, Iran | HotelNewsNow.com

The company signed a management agreement with owner Aria Ziggurat Tourism Development Company for its two inaugural properties in Tehran: The Novotel IKIA and Ibis IKIA. AccorHotels, the world’s leading hotel operator, today announced that it has signed a management agreement with Aria Ziggurat for its two inaugural properties in Tehran. The new hotels – Novotel IKIA and ibis IKIA – are connected to the main terminal of Imam Khomeini International Airport and scheduled to open in October 2015. AccorHotels is the first international hotel group to launch its brands in Iran.

External Article

September 15, 2015

World's First Sandcastle Hotels Open In Netherlands | CNN.com

Life's a beach, then you stay in one. That's the idea at two new pop-up hotels constructed from sand in the Netherlands. The fully furnished one-room suites have been built as part of the annual sand sculpture festivals in Sneek, Friesland and Oss, Brabant. They're hidden inside eight-meter-high sculptures, one modeled on the Flintstones' cartoon home town of Bedrock, the other decorated with dragons, the Great Wall of China and the Terracotta Army.

External Article

September 10, 2015

CDL Hospitality Trusts buys UK hotel for S$135.3m | Channel NewsAsia.com

CDL Hospitality says the acquisition of Cambridge City Hotel is its first in Europe and marks a diversification of its portfolio from the Asia-Pacific region. Singapore-listed hotel landlord CDL Hospitality Trusts has made its first foray into the UK with the purchase of a 198-room hotel in Cambridge for £62.5 million (S$135.3 million). Announcing this in a statement on Wednesday (Sep 9), CDL Hospitality said the acquisition is its first in Europe and marks a diversification of its portfolio from the Asia-Pacific region. "The hospitality outlook for UK continues to be strong with international tourist arrivals expected to hit a record 35.1 million in 2015. The recent streamlining of visa process for Chinese visitors entering UK is also likely to encourage more inbound travel from the world’s largest tourism source market," CDL Hospitality said.

Channel News Asia

Cambridge, United Kingdom

External Article

September 9, 2015

Karl Lagerfeld announces plans for Macau hotel | theguardian.com

Chanel designer and casino operator say 270-room hotel in Chinese gambling enclave will open in 2017. Karl Lagerfeld and a Macau casino operator have announced plans for the Chanel designer to create his first hotel. The 270-room Karl Lagerfeld hotel will open in 2017 in a 20-story tower in the gambling enclave in southern China, according to Lagerfeld and Sociedade de Jogos de Macau (SJM).

theguardian.com

External Article

September 4, 2015

India: Carnation Hospitality to invest Rs 250 crore in 5 years | indiatimes.com

Carnation Hospitality will invest Rs 250 crore over the next five years to expand its bouquet of food and beverage brands, said a top company executive. The company recently acquired rights to operate certain F&B outlets at metro stations in Delhi. "This space is interesting as it generates huge footfalls for the brands," said Sanjay Chhabra, managing director of Carnation Hospitality, which is the wholly-owned subsidiary of consumer packaging company Rollatainers. Chhabra added that the company has also won bids to operate F&B outlets at railway stations such as Haridwar, Panipat and Mumbai Central among others.

External Article

August 11, 2015

Indian Hotels Company to restructure overseas investments | hotelmanagement.net

At the 114th annual general meeting of Indian Hotels Company Ltd., which owns the Taj Hotels Group, chairman Cyrus Mistry announced that the Tata-owned group will complete the restructuring of its overseas investments before the end of this fiscal year. According to the Times of India, IHCL is bringing its overseas investments, which have been divided into separate companies, under a single entity. The transfer of ownership will happen at arm's length, the story noted, and it will be based either on quoted value or fair value.

hotelmanagement.net

External Article

July 29, 2015

Owners of Interstate Hotels & Resorts in Talks to Sell Company | wsj.com

The U.S.-Chinese joint venture that owns Interstate Hotels & Resorts, the largest independent hotel-operator in the U.S., is in discussion to sell the company, according to people familiar with the matter. Hotel investor Thayer Lodging Group and Chinese hotel company Shanghai Jin Jiang International Hotels Group Co. own Interstate through a partnership that acquired the company in a 2010 deal valued at $307 million.