Paris-based Experimental Group, renowned for its innovative collection of restaurants, hotels and cocktail bars, is delighted to announce the acquisition of Cowley Manor in the Cotswolds, as the group’s first UK property outside of London.
Azora, the Madrid-based European real estate investment manager, has completed the acquisition of the Pestana Blue Alvor, a five-star hotel in Portugal’s Algarve region, on behalf of the Azora European Hotel & Lodging, F.C.R. (“Azora EH&L” or the “Fund”), from Pestana Hotel Group, the largest multinational hospitality group of Portuguese origin.
Marriott International, Inc. today celebrated the launch of The Westin London City, its 1,000th hotel in Europe, Middle East and Africa (EMEA). A flagship Westin Hotel that seamlessly balances London's always-on energy with the wellness promise for which the brand is known, the property also marks the debut of the Westin Hotels & Resorts brand in the UK market.
Sonder Holdings Inc. (“Sonder”, Nasdaq: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, is adding four new hotels in central locations to its portfolio in London.
Radisson Hotel Group is accelerating its development pipeline targets in Turkey to reach 50 hotels by 2023 instead of 2025. In 2022, the Group plans to grow its presence in the country with 10 additional hotels and to introduce two new brands, Radisson Individuals and Radisson RED, to the Turkish market. The Group is also allocating additional resources with the expansion of its local support team to drive further growth and reinforce its close relationship with its owners and partners.
Perched on southern Portugal’s iconic cliffs lies a new destination for tastemakers across the globe. This May, W Algarve invites guests to discover six socially driven bar and dining destinations, led by legendary Chef Nuno Goncalves. From Champagne sunset deck AIR to iconic Italian plates at Paper Moon, W Algarve will remix the Algarve foodie scene from dawn till dusk.
Dalata Hotel Group Plc (“Dalata” or “the Group”), the largest hotel operator in Ireland, growing rapidly in the UK with a presence in continental Europe, today officially opens the Group’s first hotel in Bristol. Clayton Hotel Bristol City is ideally located in the centre of Bristol city and marks the Group’s 17th hotel in the United Kingdom (“UK”). The Group currently operates eleven Clayton hotels and six Maldron hotels across the UK.
Hines, the global real estate firm, and Accor, a world leader in the hospitality sector, announce plans for a hotel at MilanoSesto via an agreement with the “Unione 0” real estate fund.
With travel restrictions continuing to ease across France and confidence in the travel market increasing, Hilton (NYSE: HLT) is preparing for an incoming wave of travellers with a determined growth strategy for the country. As well as continuing to open more hotels in Paris, Hilton is increasing its focus on major resort destinations and provincial towns and cities with a development pipeline that will double the hotel group’s presence nationwide.
ATECA Hotels has entered into an agreement with the Chartak Resort JV LLC for the management of the Grand Chortoq Wellness Retreat in Uzbekistan featuring two hotels and a vast array of facilities. Located on the banks of the picturesque Chartaksay river in the idyllic Chartak area of Namangan region in Fergana Valley, the massive multi-purpose project is spread over 60 hectares of land (large enough to accommodate 112 football fields), and is in advanced stages of development with the first phase of the resort scheduled to open by December 2022.
Choice Hotels EMEA has continued its strategic agreement with CPI Hotels, the leading hotel operating company in the Czech Republic and Central and Eastern Europe (CEE) Region, as they opened their fourteenth Choice hotel – the Clarion Congress Hotel Bratislava.
Stoneweg Hospitality (“Stoneweg”) and Bain Capital Credit, LP (“Bain Capital Credit”), via their real estate hospitality joint venture (the “JV”), have acquired the Palladium Hotel Don Carlos in the coastal town of Santa Eulalia del Río, Ibiza.
The UK hotel market saw investment volumes reach an impressive £4 billion in 2021, representing the growing investor optimism over the long-term prospects for the sector, according to the latest UK Hotel Capital Markets: Investment Review 2022 by leading global property adviser Knight Frank.
Aprirose, the real estate investment company, has added to its growing portfolio of hotel and leisure assets with the acquisition of Selsdon Park Hotel in Surrey from De Vere Hotels for an undisclosed price.
The Student Hotel (TSH) has reached an agreement with UniCredit for social and environmental impact financing of €145 million for the development of two new locations in Rome San Lorenzo and Florence Belfiore. SACE, the financial insurance company specialised in supporting the growth and development of businesses and the Italian economy through a wide range of tools and solutions, supports the financing with a green guarantee of €54 million.
Interstate Hotels & Resorts, Aimbridge Hospitality’s international division, has been named as the management company for England’s first ‘Tribe’ hotel, part of the Accor family, set to open at Manchester Airport in 2023.
Azora, through the Azora European Hotel & Leisure, F.C.R. ("AEHL"), and the Med Playa hotel group, have begun the repositioning of two hotels in Benidorm: the Hotel Riudor and the Hotel Flamingo Oasis. The refurbishment project implies an investment of c. €11m and includes accessibility solutions and the latest sustainability and energy efficiency standards. Both establishments, which are part of AEHL's seed portfolio, have obtained BREEAM certification in the use of sustainable buildings and are scheduled to reopen in March (Flamingo Oasis) and May (Riudor).
Dalata Hotel Group plc (“Dalata” or the “Group”), the largest hotel operator in Ireland with a growing presence in the United Kingdom, announces it has agreed contracts with Art-Invest Real Estate (“Art-Invest”) to acquire a new operating leasehold interest in Hotel Nikko Düsseldorf. The hotel is owned by Art-Invest and Dalata with the cooperation of the hotel team, has commenced the transition process today and expects to open the hotel for guests on February 15th. This hotel represents Dalata’s first step into the Continental European market and is in line with the Group’s ambition to establish a presence in large commercially attractive European cities.
Following a bumper fourth quarter, where £1.42 billion changed hands, total 2021 UK hotel investment volumes reached £4.14 billion, according to Savills.
The largest independent hotel asset manager in Europe, which focuses on the luxury market, is in talks with a number of hotels as demand for asset managers continues to build in Europe and around the world.