Qatari firm buys London's Grosvenor House hotel
A Qatari state-backed company is to buy the Grosvenor House hotel on London's Park Lane, the latest in a string of acquisitions of the capital's trophy assets.
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French court approves Colony Capital purchase of hotel group
A Marseille commercial court approved U.S. investment group Colony Capital and France's AccorHotels to take over French hotel group Maranatha in receivership since 2017.
Grecotel Breaks New Ground in 2018 - €42 Million in Investments, 630 New Jobs
Grecotel, Greece's leading luxury hotel group, has completed a wide investment project exceeding €42 million and creating 630 new jobs. The largest employer of the Greek hotel industry, Grecotel currently has 6,100 employees.
IHG's avid hotels brand launches in Europe
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has announced a Multiple Development Agreement (MDA) with existing partner GS Star GmbH (GS Star) to bring 15 avid® hotels to the German market. This marks a significant milestone launching avid hotels, IHG's newest mainstream brand, in Europe for the first time.
Greek Aria Hotels Expands into Spain
Aria Hotels (www.ariahotels.gr), the renowned collection of boutique hotels and holiday residences around Greece, has announced its expansion into Spain, joining forces with local entrepreneur Ignacio Moreno de los Ríos, who will be the CEO of Aria Hotels Spain. Since 2012, Aria has been building a diverse portfolio of 25 boutique hotels and villas throughout Greece and the Greek islands based on providing a wholly authentic hospitality experience. The properties are often of historic importance in lesser-known island and mainland destinations and include unique locations such as a winery, a converted windmill, and a house with its own olive press. From its new offices in Madrid, Aria will now be applying its established philosophy to properties across Spain and plans to announce its first opening in the months ahead.
The Practice Of Key Money In Hotel Management Agreements In France
In hotel management agreements, hotel chains and owners regularly negotiate what is referred to in the industry as key money. This is the case when competing hotel chains invited to tender by owners are prepared to invest significantly in the long-term management of high-end properties considered strategic for their development. Often considered as proof of a hotel operator's genuine interest in managing a specific property, key money can be a valuable resource enabling a hotel chain to expand on new markets and in strategic locations, without having to allocate significant costs to such development. The brand is thus able to invest in a selected hotel, transforming it into a flagship property.
By Christopher Boinet, Lawyer, In Extenso Avocats
IHG Unveils Debut Locations for Kimpton® and voco™ Brands in the UK Through 12-Property Agreement With Covivio
IHG® (InterContinental Hotels Group®) has today confirmed the UK debut locations for its boutique brand Kimpton® Hotels & Restaurants and its recently launched upscale brand, voco™ Hotels. This move follows the announcement made in May of an agreement with Covivio (formerly Foncière des Régions), to rebrand and operate 12 high-quality open hotels in the UK and one pipeline hotel. Nine of the hotels join IHG's brand portfolio today, making IHG the UK's leading luxury hotel operator. The remaining three open hotels are expected to join IHG's portfolio in Q3 2018.
LRC Group acquires Amaris Hospitality and adds seven new hotels to its growing hotel platform
LRC Group ("LRC"), the fast-growing pan-European property investor and manager, today announced it has acquired Amaris Hospitality and has agreed to add seven Hilton-branded hotels from funds managed by Oaktree Capital Management, L.P. ("Oaktree") to the Amaris Hospitality portfolio for an undisclosed consideration.
BLLA Abroad - The world’s leading boutique association launches exclusive Boutique Social Club dinner series in London
Since the beginning, the Boutique and Lifestyle Leaders Association's (rebranded from Boutique and Lifestyle Lodging Association) presence has been global. From our international members and early conferences in Paris and London, we have garnered support and cultivated communities all around the globe. Two recent excursions over the pond have solidified our foothold on the boutique community and will foster boutique developments in tomorrow's most sought-after vacation destinations.
Marriott International’s Disruptive Hotel Brand Moxy Makes Its Mark In Georgia With The Opening Of Moxy Tbilisi
Moxy Hotels, Marriott International's experiential hotel brand, has made its debut in Georgia with the opening of Moxy Tbilisi, bringing its characteristic vibrant, playful design and approachable service to this dynamic destination.
Croatia hotel investment on track to reach €1.2B by 2022 - total-croatia-news.com
Investment in Croatia's hotel industry is predicted to reach €1.2 billion by 2022, according to reportfrom Ernst & Young.
Signifying a New Energy for Bodrum, The Bodrum EDITION Redefines Luxury for a New Kind of Resort Unlike Any in the Mediterranean
From the next chapter in the growing EDITION legacy comes Ian Schrager's latest visionary concept: The Bodrum EDITION. Schrager, in partnership with Marriott International, acts to redefine the contemporary luxury hotel experience with his expanding global influence. Bringing a new energy to the Bodrum Peninsula, The Bodrum EDITION is an Aegean utopia within the Yalikavak bay. Born for the world stage, the hotel is a natural Amphitheatre acting as a venue for 21st century recreation, socializing, and networking with an unparalleled vista overlooking the azure waters of the Turkish Riviera.
DoubleTree by Hilton Adds Five Hotels to its Thriving UK Portfolio
DoubleTree by Hilton, one of Hilton's (NYSE: HLT) 14 market-leading brands, is set to add five new hotels to its rapidly expanding UK portfolio, following a franchise agreement between real estate investment company Aprirose and Hilton. The hotels will be managed by RBH - formerly Redefine|BDL Hotels - and are located in Stratford-upon-Avon, Oxford, Glasgow, Cambourne, and Forest Pines (Yorkshire) and are expected to welcome their first guests under the upscale brand later this year.
DoubleTree by Hilton Adds Five Hotels to its Thriving UK Portfolio
DoubleTree by Hilton, one of Hilton's (NYSE: HLT) 14 market-leading brands, is set to add five new hotels to its rapidly expanding UK portfolio, following a franchise agreement between real estate investment company Aprirose and Hilton. The hotels will be managed by RBH - formerly Redefine|BDL Hotels - and are located in Stratford-upon-Avon, Oxford, Glasgow, Cambourne, and Forest Pines (Yorkshire) and are expected to welcome their first guests under the upscale brand later this year.
Those Who Adore Detesting, Are Now in Over Their Heads
Much progress has been made over the past 40 years in the accommodations sector! The new chain concepts have enabled the hotel business to develop considerably in France and Europe and, for some, in the rest of the world. Hotel groups are now number 1 on the old continent and the French hotel industry is one of the largest in Europe. This industry is thriving with very positive growth prospects and it is in full development. More tourists are arriving from all horizons and going to all destinations, what could be better!
By Georges Panayotis, President & Founder of MKG Group & Hospitality ON, Hospitality ON
IHG adds 13 luxury and upscale hotels in the UK
InterContinental Hotels Group ("IHG") [LON:IHG, NYSE:IHG (ADRs)] has today announced plans to expand its luxury and upscale estate in the UK. IHG has entered into a conditional agreement with Foncière des Régions ("FdR"), to rebrand and operate 12 high quality open hotels (2.2k rooms) and one pipeline hotel (185 rooms) into its portfolio across the UK.
Fully tech-driven CityHub hotel opens second branch in Rotterdam
On Friday 20 April CityHub will launch on one of the most vibrant and trendy streets in Rotterdam. With its 126 futuristic sleeping units, a 'digital first' lobby and an app that guides visitors around the city, CityHub engages flawlessly with the needs of travel-savvy millennials who want to get out and explore, socialize with locals and share their experiences online in real-time.
Indian dreams in 25Hours Hotels’ Paris location
A new property by trendsetting hotel brand 25Hours in Paris will take its cues from India in its design and concept. Located in an Indian neighbourhood near Gare du Nord, the hotel will be 25Hours first hotel outside German-speaking countries in Europe. We find out more about 25Hours expansion and its connection to the Indian market.
DanZep hotels B.V., Master Franchise Holder of easyHotel Benelux, is renamed in Xcentric Hotels B.V.
From March this year, easyHotel Benelux will be connected to the new Xcentric Hotels B.V. as Master Franchise Holder. The former Danzep Hotels B.V. gives shape to future growth and developments, both in the hotel industry as with other projects. For the coming year, Xcentric Hotels B.V. announces the openings of easyHotel The Hague Scheveningen Beach and easyHotel Maastricht.
Hotel Investment In Barcelona On Hold Since October 2017 | tourism-review.com
The hotel investment industry in Barcelona has been on hold since last October 1, due to the political crisis in Catalonia and, even though numerous investments have been on decline, diverting to cities like Madrid or Valencia, there is still interest in the hotel market as the city regains its stability.