Development Europe News - Hospitality Net

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April 11, 2023

The Real Estate Market in Italy Records Investments for Approximately 1 Billion Euros in Q1 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.

March 15, 2023

Whitbread adds eleven new and extended Premier Inn and hub by Premier Inn hotels to its UK network

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.

March 15, 2023

Hilton Set for Greatest Year of Growth in France

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.

March 1, 2023

Cycas Extends French Region Growth

Cycas Hospitality has announced the inclusion of 3 new branded hotels to the management company’s growing European portfolio of 47 hotels.

Vertiq Hospitality

February 27, 2023

Nine new hotels demonstrate growth for array of IHG Hotels & Resorts brands across the UK

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.

February 8, 2023

The Ellinikon, one of the World's Largest Urban Regeneration Projects, Breaks Ground on Riviera Tower, Greece's Tallest Building

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.

Lamda Development SA

December 21, 2022

Archer Hotel Capital Completes Sale Of The Dilly Hotel in London

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.

Cushman & Wakefield

London, United Kingdom

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December 20, 2022

IHG Hotels & Resorts heralds two new signings in Budapest with BDPST Group

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.

Budapest, Hungary

December 7, 2022

Cycas Hospitality Expands Into Scotland’s Major Cities

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.

Vertiq Hospitality

December 5, 2022

UK Hotel trading performance in 2022 exceeds expectations but the pace of recovery is set to slow in light of the economic downturn

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.

London, United Kingdom

December 2, 2022

IHG Hotels & Resorts heralds two new signings in Portugal for Vignette Collection and Crowne Plaza

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.

November 30, 2022

The Social Hub and Avenue secure €48.75m in financing from Santander Portugal for Porto mixed-use development

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.

Porto, Portugal

November 22, 2022

Meliá Continues to Grow in Italy with two New INNSiDE by Meliá Hotels in Sicily

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.

November 22, 2022

Albania, a New Jewel in the Mediterranean for Meliá Hotels International

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.

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

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.

October 20, 2022

IHG Hotels & Resorts heralds new wave of hotel signings and openings across Turkey

I HG Hotels & Resorts, one of the world’s leading hospitality companies, is delighted to announce a raft of recent signings and openings in Turkey across its Crowne Plaza, Holiday Inn and Holiday Inn Express brands.

October 19, 2022

easyHotel Acquires Eight Benelux Hotels from Crossroads Real Estate for €145m in European Growth Drive

easyHotel, the low-carbon affordable hotel chain, today announces it has acquired eight franchised Benelux hotels from real estate private equity fund manager Crossroads Real Estate, for approximately 145 million euros. The deal is fully supported by easyHotel’s majority shareholders, ICAMAP and Ivanhoé Cambridge.

The Netherlands

October 4, 2022

B&B Hotels Launches UK Expansion

B&B Hotels, a leading European value-for-money hotel chain, has announced plans to extend its operations into the United Kingdom, with the ambition of opening 100 new hotels by 2035. B&B Hotels made the announcement at the UK Annual Hotel Conference 2022, in Manchester.

September 27, 2022

Radisson Hotel Group achieves record growth year in Greece

Radisson Hotel Group announces a record year of growth for Greece with four signings and three openings to date, leading international development activity in the country. 2022 marks an impressive year for the Group as it continues to build on its growing trust from strategic investors and partners. With the signing of two hotels in Athens and two resorts in Mykonos and Skiathos, both of which also opened earlier this year, the Group’s portfolio now stands at seven hotels and resorts with more than 800 rooms in operation and under development.

Radisson Hotel Group

September 21, 2022

Lamington Group announces plans for three new net zero room2 hometels in York, Glasgow & Manchester

Real estate investor and developer Lamington Group has announced plans to open three new net zero room2 hometels in York, Glasgow and Manchester in 2024, 2025 and 2026 respectively. The exciting pipeline of sustainable properties, worth £100m investment, reflects the group’s commitment to only build and operate to whole life net zero standards for new properties developed after the launch of the group’s net zero roadmap in September 2021.

Lamington Serviced Apartments