Development External Articles - Hospitality Net

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June 1, 2023

Boutique Group CEO interview: How Mark DeCocinis is transforming Saudi palaces into world-class hotels

Despite the name, there is nothing small about the scope or scale of Saudi Arabia’s Boutique Group. A home-grown firm turning palaces and historical buildings into ultra-luxury hotels, Boutique Group has ambitions to become one of the world’s most important hospitality majors. Green-lit by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, Chairman of the Council for Economic and Development Affairs, and Chairman of the Public Investment Fund (PIF), Boutique Group is more than a hotel company, it is a vessel to take Saudi culture to the world.

hoteliermiddleeast.com and Boutique Group

External Article

May 31, 2023

Sheikh Mohammed announces new Palm Jebel Ali project, twice the area of Dubai's iconic Palm Jumeirah island

The Dubai Ruler on Wednesday announced a new incredible project: Palm Jebel Ali, a development that will be twice the size of Palm Jumeirah.

khaleejtimes.com

Dubai, United Arab Emirates

External Article

May 22, 2023

Disney’s hugely ambitious Star Wars Starcruiser hotel that cost $2,400 a night forced to close after 18 months

Disney’s $2,400-a-night Star Wars hotel, which opened to much fanfare just over a year ago, is set to close in September. The Star Wars: Galactic Starcruiser, which launched in Walt Disney World in Orlando, Florida, on 1 March 2022, was initially marketed as an immersive experience. Sold as a two-day package, a stay included lodgings in a cabin or suite; immersive entertainment, such as light saber training and participating in missions with the Resistance fighting against Kylo Ren and the First Order; food and drinks; and admission to Disney’s Hollywood Studios.

independent.co.uk

External Article

March 2, 2023

RLJ Executives Wait To 'Pull the Right Lever' on Hotel Investment

RLJ Lodging Trust executives said a strong balance sheet gives the company multiple investment levers to potentially pull this year.

External Article

February 17, 2023

What is The Mukaab: Saudi’s next giga-project, the size of 20 Empire State Buildings

Saudi Arabia’s Crown Prince has unveiled The Mukaab, a 400 metre-high, wide and long indoor super-city in the centre of Riyadh. Large enough to hold 20 Empire State Buildings, there are hopes the PIF-backed giga-project becomes a new global icon of technology, sustainability, mobility and Saudi innovation.

hoteliermiddleeast.com

External Article

February 2, 2023

Indian Hotels Company CEO Touts 'Speed of Transformation'

The leader of India's biggest hotel brand company didn't sit idly by waiting for the industry to recover before setting his own strategy in motion.

External Article

January 30, 2023

Europe's All-Inclusive Resorts Gain from Competition with Big Hotel Brands

Sometimes panned as a realm of watered-down drinks and so-so buffet meals, the all-inclusive resort sector is getting a reputational boost from the growing involvement and investment of the big hotel brands, particularly in Europe.

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External Article

January 25, 2023

Hotel Executives Declare 2023 Year of Acceleration

Unlike in years past when optimism among hotel executives was conservative, the first day of the Americas Lodging Investment Summit proved that leaders are all-out bullish on the health of the industry.

External Article

January 24, 2023

Africa Hoteliers and Lenders Working To Solve Their Own Challenges

The state of borrowing for hotel acquisitions, development and renovations is fraught all over the world as global economies continue to struggle with the effects of a pandemic.

External Article

December 16, 2022

Hotel Executives Optimistic About 2023 Development, Investment, Management Prospects

As a new year approaches, hotel executives are generally optimistic about the overall strength of both their companies and the industry.

External Article

December 2, 2022

Airbnb Targets Bigger Stake in Multifamily Market With Plan To Attract Large Landlords

Airbnb is working with some of the multifamily industry's largest landlords in a bid to boost listings and increase its stake in the apartment business.

External Article

November 30, 2022

Why Supplier Diversity Has Improved Hilton's Procurement for Hotels

Supply-chain disruptions have had a massive impact on the hotel industry, slowing and derailing development and property-improvement plans.

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External Article

November 17, 2022

Louis Vuitton’s First Luxury Hotel Is Set to Open Inside Its Paris Headquarters

Louis Vuitton will not be put in a box—or a monogrammed trunk, for that matter. Over the past 160 years, the French label has expanded beyond luggage and leather goods to fashion and accessories to pop-up restaurants and interactive exhibitions. Now, it’s opening a hotel. Chairman and CEO Michael Burke has told Women’s Wear Daily that the brand’s headquarters in Paris, France, will soon be turned into a giant complex featuring the world’s first Louis Vuitton hotel and the largest-ever LV boutique.

External Article

November 9, 2022

Rising Costs Haven't Dampened Hotel Investment Activity Throughout Europe

Investors looking to invest capital in hotels across Europe are not leaving any stone unturned, but neither is the competition.

External Article

November 1, 2022

Experts Say Large Markets Could Be the Best Bet for Hotel Investment

After a prolonged period of historically low interest rates, the math is suddenly getting more difficult for hotel investors.

External Article

October 4, 2022

New York's Most Famous Hotel Rises Again

The Hotel Chelsea is one of those interesting thought experiments about the good old days in New York City — about wishing you had been there back then, back when it was all happening, back before everything changed, back before the banks and the Starbucks and the pilates studios camped out on every corner. On the surface, the history of the Chelsea reads like a fairytale of sorts, an almost too perfect confluence of place and personalities. Yet while many of the guests were glamorous, the hotel itself, in its heyday, wasn’t exactly a bastion of first-class accommodation. Some rooms, like the one Leonard Cohen rented during his fling with Janis Joplin — immortalized in the song “Chelsea Hotel #2” — were shabby and dated even by 1968 standards, and that didn’t change much in the intervening years.

New York, New York, United States

External Article

August 25, 2022

Serenity in Midtown, Starting at $3,200 a Night? Aman Is Betting on It.

Over the last decade, a gilded collection of elite hotels near Central Park have vied for the distinction of being the most expensive in New York. Several, including the St. Regis, Carlyle and the Plaza, opened more than 80 years ago. Most, including the Baccarat, a relative newcomer, greet guests with sparkly chandeliers.

New York, New York, United States

External Article

August 24, 2022

After Slowdown in Property Sales, ‘Repricing’ Becomes This Summer’s Dreaded Word

Summer lulls are nothing new in commercial real estate, but this year’s slowdown in deals is more pronounced because of one word that has defined the season: repricing.

External Article

August 24, 2022

Is it worth investing in budget hotels?

Low price elasticty but products easier to manage? One where brand image can sometimes be negatively perceived by customers, but the development of totally innovative offers is rife? The budget hotel sector is quietly undergoing a revolution. However, this does not prevent certain historical players from maintaining a growth rate that would make many brands green with envy. Fabrice Collet, CEO of B&B Hotels, will share his vision and analysis of the sector at the Hospitality Asset Forum on 21st November.

External Article

August 24, 2022

Though Slower-Paced, California Hotel Sales Set New Record for Median Price Per Room

While hotel sales in California cooled from their highs last year, transactions during the first half of 2022 set a new median-price-per-room record and approached other records as well.

California, United States