On September 5, the doors will open to the first Scandic Go hotel, Scandic’s new brand in the growing economy segment. First up is Stockholm where a good price, welcoming design, smooth self-service and breakfast and hot meals around the clock will attract guests visiting the city.
Procaccianti Companies, one of the nation’s premier real estate investment and services firms, today announced the acquisition of the Presidents’ Quarters and development of the Sabal House Savannah. The project is a joint venture with Kim King Associates and Ross Hotel Partners.
The Executive Board team Arno Schwalie (CEO), Stefanie Brandes (COO) and Frank Lindner (CTO) is leading the process of transforming the company through a strategic realignment. In line with this, the Lindner Hotel Group presents a stylish and dynamic brand identity, reflective of the company’s repositioning.
A magnificent location for a boutique hotel that deserves no less. With this philosophy in mind, Meliá Hotels International continues to expand its renewed vision of luxury hotels in Milan, a city renowned for its art and design, and one of the must-visit destinations in Southern Europe. Following on from the success of the avant-garde ME by Meliá, and just before one of the most anticipated hotels of this season opens its doors, the extraordinary Palazzo Cordusio by Gran Meliá, the company has announced its recent project by its newer brand The Meliá Collection, which will open in 2024, becoming the group's fifth hotel in this city.
Hilton (NYSE: HLT) today announced a franchise agreement with Intersped d.o.o. Sarajevo to open Hotel Neretva Mostar, Tapestry Collection by Hilton and Hampton by Hilton Sarajevo City Centre. Marking a country-first for Hilton in Bosnia & Herzegovina, the two hotels will be situated in prime central locations in Mostar and Sarajevo, with both hotels set to open by 2026.
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.