Development

Hilton Bolsters Presence in Türkiye with 1,000+ New Guest Rooms Across 10 Hotels

Hilton (NYSE: HLT) has announced plans to expand its presence in Türkiye to more than 120 hotels trading and pipeline, with the signing of 10 new hotels across 4 of its award-winning brands – DoubleTree by Hilton, Tapestry Collection by Hilton, Hilton Garden Inn and Hampton by Hilton – adding more than 1,000 guest rooms.

Madrid welcomes the exceptional as Radisson Collection debuts in the heart of the capital, in the iconic Generali building

Radisson Hotel Group is delighted to welcome the exceptional to Madrid, with the debut of the first Radisson Collection property in Spain’s vibrant capital. This iconic hotel is set to open in 2027, redefining luxury hospitality in Madrid. The hotel will be located on Alcala Street, one of Madrid’s most prominent avenues in the prestigious Canalejas area, surrounded by renowned luxury brands such as Hermès, Louis Vuitton, and Cartier.

Mohari Hospitality Acquires Venice's Iconic Bauer Hotel

Mohari Hospitality ("Mohari") today announced the acquisition of the Bauer Hotel in Venice, Italy. The acquisition of this iconic property is a significant addition to Mohari's growing European portfolio, underscoring its commitment to building a collection of luxury properties with irreplaceable heritage and unique cultural resonance.

Garner launches in Europe with first hotel openings in Germany

IHG Hotels & Resorts (IHG), a global leader in hospitality, launches new midscale conversion brand, Garner, in Europe with its first hotels opening in Germany. The brand's debut is in partnership with NOVUM Hospitality, one of Europe’s largest private hotel operators.

Bob W to operate across all Nordic capitals after securing first Stockholm property

 Bob W, the tech-powered hospitality provider, has signed a lease for its first property in Sweden, marking a major step in its European expansion and completing its presence across all four Nordic capital cities.The seven-storey property, a former hotel located in Stockholm’s vibrant city-centre district of Norrmalm, will undergo comprehensive refurbishment works to transform it into a Bob W building. The operator has partnered with forward-thinking Swedish landlord, Altira, to convert the site located on the corner of Döbelnsgatan and Kammakargatan into a design-led, tech-powered space, with practical completion expected in summer 2025.

ASHG (Alchemy Step Hotel Group) Completes Acquisition of Gresham Belson Hotel, Brussels

Alchemy Step Hotel Group (ASHG) is delighted to announce the successful acquisition of the Gresham Belson Hotel in Brussels, Belgium, effective as of November 1st, 2024. This acquisition further expands the company’s presence throughout Belgium, following the recent addition of eight hotels across key city destinations in Belgium in October 2024, with the portfolio now servicing business, MICE and leisure guests.

Whitbread snaps up an office for conversion in Leeds City Centre

The hotel development market in Leeds city centre shows no sign of slowing following the acquisition of a strategically located development site by Whitbread PLC, the parent company to the Premier Inn hotel chain, and the UK’s largest hotel business.

Radisson Hotel Group boosts its Italian portfolio with 5 signings and introduction of new brands to the region

Radisson Hotel Group expands its Italian portfolio with five new signings and seven upcoming openings, marking a significant milestone in its growth strategy and reinforcing its commitment to introduce its brands key travel markets.

Mohari Hospitality, Omnam Investment Group and Pharrell Williams Partner to Acquire Historic Parisian 5-star Hotel in 1st Arrondissement

Mohari Hospitality (“Mohari”) and Omnam Investment Group (“Omnam”), along with Paris-based entrepreneur, musician and philanthropist Pharrell Williams, today announced the acquisition of an iconic historical property situated in the prestigious 1st arrondissement of Paris, on the right bank of The Seine.

ASHG Expands European Hotel Portfolio with the Acquisition of FLI Group, a Portfolio of 8 hotels in Belgium

ASHG (Alchemy Step Hotel Group) is pleased to announce the acquisition of FLI Group, a portfolio of eight hotels in Belgium. ASHG is an investment partnership between Alchemy Special Opportunities LLP and Step Partners GmbH, dedicated to investing in the European hotel sector.

Spark by Hilton Set To Debut in Austria With Two Vienna Properties

Hilton (NYSE: HLT) has today announced the signing of two hotels under Hilton’s new premium economy conversion brand, Spark by Hilton, as part of a wider agreement with Verkehrsbuero Hospitality. Spark by Hilton Vienna Donaustadt and Spark by Hilton Vienna Messe Prater will both open later this year.

Over 500 hotel investors and executives gather in October for HTIF 2024

Hotel & Tourism Investment Forum – HTIF 2024, the most influential hospitality conference in Bulgaria and one of the most visited in Europe will cover a broad range of topics, including sustainable hospitality investments and operations, strategic management, digitalization, revenue management, and human resources.

Ireland Market Beat H1 2024

Investment Trends

For H1 2024 a total of €655M was transacted, a near fourfold increase on the approximately €173M traded in H1 2023 – this pushed transaction volumes over the past year to an all-time high of almost €790M. Activity was supported by continued good operational performance across the sector and a couple of large deals including the sales of the Shelbourne Hotel and a majority stake in the Dean Hotel Group.

Prime Yields

Prime yields have moved modestly higher over the past twelve months but looking forward we expect them to stabilise, boosted by gradually looser ECB monetary policy with the first steps in this journey occurring in June with a 25 basis point interest rate cut. With growing appetite among investors and liquidity in the debt markets, we expect to see a gradual yield sharpening for prime assets as we progress into 2025.

Market Performance

Despite ongoing supply growth, the occupancy and ADR in Irish hotels remained healthy in H1 2024, with only minor softening relative to H1 2023. While RevPAR in Ireland declined by 1.2% to €125 in H1 2024, it was the 3rd-highest level in Europe. In Dublin, the occupancy reached 80% in H1 2024, the second highest in Europe, albeit a minor decline from 2023. This, combined with a 4% drop in ADR, resulted in a 5% RevPAR decrease, although 23% above pre-Covid level in 2019.

Supply Outlook

510 new rooms were delivered in Dublin in H1 while Premier Inn also opened their first hotel in Cork in January. We estimate there are currently in excess of 1,700 hotel rooms under construction in Dublin (around 6% of Dublin’s room stock) while two hotels in Cork are also due to open later this year. The new supply is welcome to satisfy growing demand, particularly in the Dublin market, albeit the increased competitiveness might constrain occupancy and ADR growth.

Demand Outlook

Ireland’s economic outlook continues to support the hotel sector. Employment hit another all-time high of 2.71 million while wages (up 4.7% year on year in Q1) are now growing in real terms as inflation (2.2% in June 2024) eases. Tourist trends also continue to be strong. Overnight trips by foreign visitors (over rolling 12-month periods) gradually rose in the first half of the year as has the average spend.

Former Nazi bunker turned into hotel and leisure complex in Germany

At 58 meters tall - just a little taller than the Leaning Tower of Pisa, but with considerably more heft - the St. Pauli bunker in Hamburg, Germany, has dominated the city skyline for just over 80 years.

Radisson Hotel Group expands its footprint in Türkiye with 7 hotels, advancing towards its goal of reaching 100 hotels by 2030

Radisson Hotel Group is proud to announce the addition of seven hotels, including six signings and one opening, in the Turkish market in the first half of the year. These development milestones bring the Group closer to reaching 100 hotels by 2030.