Development Europe - Hospitality Net

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.

Knight Frank

London, United Kingdom

Press Release

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.

IHG

Portugal

Press Release

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.

TSH

Porto, Portugal

Press Release

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.

Melia

Sicily, Italy

Press Release

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.

Melia

Albania

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.

robbreport.com

Paris, France

Press Release

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.

IHG

Turkey

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Lighthouse

Press Release

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.

easyHotel

The Netherlands

Press Release

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.

B&B Hotels

United Kingdom

Press Release

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

Greece

Press Release

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

United Kingdom

Press Release

September 15, 2022

limehome gains presence in all German A-cities and deepens cooperation with IMAXXAM

limehome, a Munich-based company and Europe's leading hospitality technology provider and operator of fully digitalised design flats, is expected to open 70 units in Düsseldorf's Stresemannstraße in the fourth quarter of 2022.

limehome GmbH

Germany

Press Release

September 13, 2022

Radisson Hotel Group is expanding in Poland

Radisson Hotel Group plans to further expand its portfolio in Poland. Just this year, the Group opened the Andersia Hotel & Spa Poznań, a member of Radisson Individuals and Radisson RED Gdansk hotel already in the country. And further openings are planned for the coming months. Radisson Hotel Group holds a portfolio of 23 hotels, representing more than 5,200 rooms, in operation and under development, in Poland.

Radisson Hotel Group

Poland

Press Release

August 24, 2022

Major freehold purchase in central London

Whitbread PLC (‘Whitbread’ or ‘Group’) is pleased to announce that it has acquired a prime freehold property on the Strand in central London, located just off Trafalgar Square. Subject to planning, 5 Strand will become the latest hub by Premier Inn hotel in the estate and is expected to open sometime during 2027. The purchase and development are being funded from the Group’s existing cash resources and will also include one of the Group’s popular Bar+Block steakhouse restaurants.

Whitbread PLC

London, United Kingdom

Press Release

August 23, 2022

Horwath HTL Open Office in Albania

Horwath HTL are delighted to announce the opening of an office in Albania. The office, which is in the central business district of the capital city, Tirana, is headed up by Majlind Lazimi. Majlind is a well-respected industry professional with extensive experience in both the public and private sectors in the region, having previously held several positions within the Albanian Government.

Horwath HTL

Albania

Press Release

August 4, 2022

Accor and Azerbaijan Hotel Association signed cooperation agreement

Accor, a world leading hospitality group, announces the signing of a cooperation agreement with Azerbaijan Hotel Association.

Accor

Azerbaijan

Press Release

August 4, 2022

Vail Resorts Closes on Acquisition of Andermatt-Sedrun Sport AG, a Leading Swiss Resort

Vail Resorts, Inc. (NYSE: MTN) has closed on its purchase of a majority stake in Andermatt-Sedrun Sport AG, a renowned destination ski resort in Central Switzerland that controls and operates the resort's mountain and ski-related assets including all lifts, most of the restaurants and a ski school operation.

Vail Resorts

Andermatt, Switzerland

Press Release

July 29, 2022

196+ hotelforum: 36 hotels from seven countries compete for the European "Hotel Property Award"

This year, 36 hotels from seven countries have applied for the European "Hotel Property Award", which will be presented at the 196+ hotelforum conference on Thursday, October 6.

PKF hospitality group

Munich, Germany

Press Release

July 13, 2022

limehome expands: Three new locations planned in Halle, Kassel and Duisburg

The Munich-based hospitality start-up limehome has secured three more locations in Halle (Saale), Kassel and Duisburg. The PropTech is thus expanding its portfolio by 112 flats in attractive city centre locations in Germany.

limehome GmbH

Germany

Press Release

June 22, 2022

Hotel Riu Plaza España opens in the metaverse

RIU Hotels & Resorts wants to be a pioneer in the metaverse and explore all that it can offer. Therefore, it has decided to make its debut in the virtual world with the emblematic hotel Riu Plaza España. The hotel has become the first to open its doors in the metaverse and has also introduced innovative solutions that combine reality and digital recreation in AltSpace. This iconic Madrid building offers customers an amazing experience in the real world, and they can now recreate this adventure in the virtual world. The metaverse is an emerging tool with great potential, and RIU firmly believes that it will become the basis of brands’ and people’s digital presence in the future.

RIU

Madrid, Spain