After a muted end to 2022, transactional activity during the first three months of the year more than doubled, compared to the previous quarter, but with the deal volume remaining significantly below the five-year quarter average of £1.2 billion.
Hyatt Hotels Corporation (NYSE: H) today announced the openings of Secrets Sunny Beach Resort & Spa, Dreams Sunny Beach Resort & Spa, AluaSun Helios Beach, and Alua Helios Bay, representing the entry of the Inclusive Collection, part of World of Hyatt, into a third European country, complimenting the existing presence of Hyatt’s all-inclusive resort brands in Spain and Greece. The four resorts are now bookable through Hyatt channels, and World of Hyatt members may earn and redeem points at the new Bulgarian properties.
IHG Hotels & Resorts, one of the world’s leading hospitality companies, more than doubles its luxury and lifestyle presence in Italy, cementing its presence in this key growth market.
Rotana announced today its entry into the United Kingdom (UK) with the launch of two new properties under its affordable hotel and serviced apartment brand, Centro, Centro New Malden and Centro Kingston. These being the first two properties to launch as part of a wider agreement to develop up to 1,500 keys over multiple sites across the greater London region, all under the Centro brand.
Stoneweg Hospitality (‘Stoneweg’), the hotel investment arm of global real estate company Stoneweg, has acquired two hotels in Spain from Globalia Business Corporation, the Spanish tourism group, for €83 million. The investments have been made through a variety of Stoneweg’s discretionary funds and increase the Company’s hospitality exposure by 25%, from 1,281 to 1,691 keys, as well as its weighting to the Balearic and Canary Islands to 62%, a region where record visitor numbers are forecasted in 2023.
Horwath HTL UK were delighted to welcome hospitality industry leaders to Crowe’s London office on Tuesday 24 January 2023.
The volume of real estate investments in Italy in the first quarter of 2023 amounted to approximately 1 billion euros. Compared to previous quarters, the result highlights a lower activity across all asset classes as a consequence of the changes in the international capital market, mainly due to the rise in interest rates which took place in the last twelve months. However, the performance beats the estimates made at the beginning of the year.
Whitbread, the UK’s largest hospitality business, added eleven new and extended hotels to its national network during its 2022/23 financial year which closed on 2 March 2023.
Hilton (NYSE: HLT) predicts 2023 will be its strongest year of growth in France, with seven planned hotel openings, the highest single-year increase to its French portfolio. As well as continued expansion in Paris, Hilton is focusing on major resort destinations and provincial towns and cities, working with several local owners in France on a development pipeline that will more than double the hotel group’s presence nationwide.
Cycas Hospitality has announced the inclusion of 3 new branded hotels to the management company’s growing European portfolio of 47 hotels.
IHG Hotels & Resorts, one of the world’s leading hospitality companies, strengthens its powerhouse status in the UK & Ireland with the addition of nine new hotels. These new additions illustrate IHG’s commitment to delivering sustainable growth in the UK&I, its home market and largest market in Europe.
Lamda Development has broken ground in Athens with piling work now underway at the iconic The Riviera Tower, Greece's tallest building and first ever skyscraper, set to complete by March 2026. The 200-metre Riviera Tower is just one highlight of The Ellinikon, one of the largest, most ambitious urban regeneration projects in the world. A 6.2 million sq.m, sustainable, master-planned smart city on the grounds of Athens' old international airport, the project is setting a new global standard for resilient urban design, smart living and ESG-aligned investment growth opportunities, nearly doubling the amount of green space in the Athens Metropolitan Area and bringing significant economic development.
The Dilly is a 283-room hotel situated at 21 Piccadilly which was constructed in 1908 as one of London’s most luxurious hotels. Known then as The Piccadilly Hotel, it is centrally located in an enviable position between Piccadilly and Regent Street, two of London’s most famous streets, and has been patronised by royalty and celebrity guests ever since.
IHG Hotels & Resorts, one of the world’s leading hospitality companies, is delighted to announce two new signings – both brand debuts for Hungary - in the beautiful capital city of Budapest.
Located in a prime riverside location, Cycas will operate Motto by Hilton Glasgow, bringing Hilton’s newest urban lifestyle brand to the UK. Set to open in autumn 2024, the hotel follows Cycas’ debut of the Motto by Hilton brand in Rotterdam in late 2022, consolidating the company’s position as the leading operator of the locally inspired brand in Europe.
The UK hotel market has continued in its recovery, delivering a strong trading performance. Domestic leisure demand fuelled the early recovery, but this has been supported by robust demand for business travel as well as flexible working trends generating new sources of demand. This comes despite continued challenging market conditions including accelerating costs causing profit margins to decline, according to the latest UK Hotel Trading Performance Review 2022 by leading global property adviser Knight Frank, in partnership with HotStats.
IHG Hotels & Resorts, one of the world’s leading hospitality companies, is delighted to announce the recent signing of Convent Square Hotel Lisbon - Vignette Collection, and Crowne Plaza Caparica Lisbon.
The Social Hub (TSH) has reached an agreement for €48.75 million in financing from Santander in Portugal for a 26,600 sqm Porto development alongside Avenue.
Meliá Hotels International continues to grow in one of the key European destinations after the addition of two new hotel projects in Italy. The company is also supporting the international growth of its INNSiDE by Meliá brand, which has accelerated in recent years, with 48 hotels already operating or in the process of opening in major destinations all over the world.
Meliá Hotels International continues to prepare its landing in Albania, the last undiscovered jewel in Europe. The hotel company trusts in the tourist potential of the area and is fully committed to leading the development of the international hotel sector, as it already did in other pioneering destinations in the Mediterranean.