2021 was an interesting time for the hospitality industry. One company took it in their stride and never waivered, opening hotels throughout the UK and tripling the number of employees. They are now looking to the new year with positivity and a busy pipeline.
Henderson Park, the private equity real estate firm headquartered in London, announces that it has acquired the business and hotel management platform of Amaris Hospitality from LRC Group and simultaneously launched a new dedicated hotel and asset management platform called Klarent Hospitality. The acquisition follows Henderson Park’s recent acquisition of a 2,424 key portfolio of 12 high-quality Hilton-branded hotels, managed by Amaris Hospitality, which closed in November. The Amaris Hospitality name and brand does not form part of the acquisition and will continue to be owned by LRC Group.
Eden Hotels (“Eden”), the Dutch hotel group owned by the Dijkstra family, announced today that an affiliate of KSL Capital Partners (“KSL”) made a majority investment into the group. The Dijkstra family will retain a significant minority stake in the group, and Eden CEO Leon Dijkstra will remain in his role in Eden Hotels. The combined ambition is to expand Eden Hotels into Europe. Terms of the investment are undisclosed.
The recent Covid crisis has highlighted the resilience of the hotel sector in France. An investment in a hotel (as in a boutique hotel) should also be regarded by investors as a “pleasure asset”. When benefiting from the French favourable tax reinvestment regime, what should investors be looking at if they wish to make the switch to hospitality?
NEW YORK - Hyde Hotels today announced Hyde Paradox Hotel London City, which will be coming soon to the historic location by the Old Bailey in the heart of London. The 110-room property will occupy 15 Old Bailey, a building originally known as the 'Spiers & Pond Hotel'. Built in 1874 by architect Evans Cronk and converted to office use in the early 1900s, the latest re-conversion by Hyde London City owners, OB Capital seeks to return the asset back to the iconic hotel that it once was. This stylish property will provide a sanctuary for those in-the-know seeking a luxurious hideaway while in the city.
Last month, Travelodge, the UK’s first budget hotel chain, announced it expects to open a further four new hotels in the lead-up to Christmas, two of these hotels officially opened on the 22nd of November in London’s top growth hotspots - Elephant & Castle and Manor House. Both of these hotels are located in a prime location close to the tube station.
Radisson Hotel Group and Cosmos Hotel Group (part of the AFK Sistema company) signed an agreement under which part of Cosmos Hotel Group’s hotels will benefit from the international hotel chain Radisson Hotel Group, while maintaining their own brand and identity.
Questex’s The Annual Hotel Conference (AHC) is the UK’s leading hospitality event where leaders, movers and shakers gather to share insight, knowledge and debate the issues affecting the industry. Up to 1,000 delegates are expected to attend the event at the Manchester Central Convention Complex for the first in-person conference since 2019.
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announces plans to add seven more hotels to its portfolio in Turkey, cementing its position as the largest hotel company in the country by number of properties.
IHG Hotels & Resorts, one of the world’s leading hotel companies, is making strides against its expansion strategy in Italy, as it opens three new hotels and signs a further two in 2021, doubling the size of its premium and lifestyle portfolio in the region.
IHG Hotels & Resorts, one of the world’s leading hotel companies, is expanding its presence in one of its primary markets of France, with four new hotel signings and an exciting opening. Situated on France’s charismatic coastline, the five-strong collection of new properties bring three of IHG Hotels & Resorts’ brands to the region for the first time, including Staybridge Suites, Holiday Inn Express, Crowne Plaza and Hotel Indigo.
The digital hotel concept limehome is expanding its presence in the European market and opens their first apartments in the Netherlands at Keizerstraat 327 in Scheveningen, The Hague, in August 2021. Limehome is thus entering the Dutch hospitality market for the first time. Deluxe, Superior and Standard Suites are spaced over two floors. In the long term, approximately 5,000 additional units are planned in the Netherlands.
Marriott International, Inc. (NASDAQ: MAR) announced plans to expand its portfolio in Turkey with the expected opening of 10 properties by the end of 2022. With the anticipated openings, the company’s portfolio in Turkey is expected to encompass 43 properties with over 7,000 rooms across eight markets by the end of 2022. Reinforcing its long-term focus on the market, the company also announced two recent deal signings under the Four Points by Sheraton brand.
ASSA ABLOY Global Solutions with its leading expertise in hotel security and guest experience innovation, has been selected by the Mercure Timisoara to provide its guests with the highest standard in safety, convenience and personalization with the implementation of VingCard Allure door locks and Mobile Access. Recently opened to guests and providing several firsts for the Romanian hospitality market including the obtaining of BREEAM certification, Mercure Timisoara with the addition of VingCard Allure is further able to achieve its goal of blending traditional Romanian-inspired décor with the latest in modern and smart room innovation that the industry has to offer.
FREO Group, the trusted operating partner of global investors that provides unrivalled access to on-the-ground real estate experts in Europe, the UK and the US, has launched a new platform aiming to invest €400 million in hotels in Spain on behalf of institutional capital.
The Swiss Alps have always been a popular tourist destination, with demand for reservations at ski resorts, restaurants, and other hospitality-oriented businesses in the mountains seeing a sharp increase in recent seasons.
Pioneering hospitality leader edyn announced today that it will further enhance its portfolio with the launch of a new serviced apartment brand, Cove. The launch underscores both edyn’s resilience and optimism, as the forward-thinking group continues to evolve its extended stay portfolio, which includes disruptive lifestyle aparthotel brand, Locke.
As travel restrictions ease in France, Hilton (NYSE:HLT) is continuing its rapid expansion across the country with the launch of its Tapestry Collection by Hilton and Canopy by Hilton brands in Paris, as well as opening new hotels in Tours and Le Havre.
Five years ago, the future of Swiss winter ski resorts was somewhat dim, after consecutive winter seasons with little to no snow and despite a relatively stable number of tourists. There was a perception at that time that existing resorts would be required to transition into four-season resorts simply to continue to exist. That dim view became somewhat rosier, when the snows returned and top resorts saw the return of skiers in record numbers of visitors for the next three winters, climaxing in 2019.
Whitbread, the owner of Premier Inn, the UK’s largest hotel business, is pressing on with its expansion plans in Dublin city centre with three of its five pipeline hotels currently under construction.