To borrow from the popular British saying about buses, in this case you can wait years for an Asian grand dame hotel to come to London, and then two open in the same month.
After three years focused on managing and selling assets for its clients, which include Davidson Kempner, Okami Hotels, Spanish hotel investment and operating platform, is now embarking on new acquisitions of resort hotels in the Balearic Islands and Catalonia.
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As part of the strategy undertaken since Stéphane Valeri became Chairman and CEO, Monte-Carlo S.B.M. Group purchased the Palace des Neiges in Courchevel 1850 on Tuesday, October 3rd.
IHG Hotels & Resorts, one of the world’s leading hospitality companies and WING, a leading property development and investment group in Central Europe, are proud to announce the signing of Hotel Indigo Budapest Andrassy and Holiday Inn Express Vagohid. Signed at real estate trade fair, EXPO Real 2023, both properties mark brand debuts to Hungary, demonstrating investment and growth in the premium and essentials hotel segments.
Whitbread Plc, the UK’s leading hospitality group, has acquired the freehold interest in New London House at 6 London Street, EC3 in the City of London. The 89,722 sq ft NIA office, retail and restaurant building was acquired from clients of Orchard Street Investment Management for £56.5m.
Warner Leisure Hotels, the UK’s only hotel chain to cater exclusively for adults and a Bourne Leisure portfolio company, today announces the continued expansion of its portfolio with the acquisition of two high-quality hotels – Dalmahoy Hotel and Country Club, near Edinburgh, and Forest of Arden Country Club, near Birmingham.
Hilton (NYSE: HLT) has signed a franchise agreement with Annexum to develop two hotels totalling 480 rooms in Rotterdam. Mainport Hotel Rotterdam, Curio Collection by Hilton and DoubleTree by Hilton Rotterdam Centre are due to open in 2024 following renovations, during which both hotels will remain operational and will be trading as Hilton affiliate hotels. Investment manager Annexum recently acquired the two hotels, which will become the first properties under the Curio Collection by Hilton and DoubleTree by Hilton brands in Rotterdam, and join Hilton Rotterdam and Motto by Hilton Rotterdam Blaak in the Dutch city.
Scandic Hotels has signed a long-term lease agreement with landlord Projekti GH Oy for two hotels with a total of 459 rooms in the unique Garden Helsinki, a multi-functional event arena in Helsinki, Finland. The agreement includes one Scandic Go hotel with 232 rooms and a 227-room Scandic hotel that are expected to open in 2028. The new hotels will be established in one of Scandic’s key destinations where the company sees growing demand from both corporate and leisure travelers.
S Hotels and Resorts PCL (SET: SHR), a leading hospitality investment and management company and the hospitality arm of Singha Estate PCL (SET: S), has announced the latest phase of its “3P” (“Profit, Portfolio, Planet”) strategy in the United Kingdom, with significant renovations at several hotels in key cities, including Mercure Manchester Piccadilly Hotel, Mount Royal Hotel Edinburgh, and The Grand Hotel Leicester, plus extensive upgrades at another eight hotels.
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, is further strengthening its position in Türkiye reaching approximately 105 open and operating hotels and a development pipeline of approximately 20 additional properties. The latest openings are part of Wyndham’s continued expansion plan in Türkiye, where the company is the largest international hotel group by number of properties.
Marriott International, Inc. (NASDAQ: MAR) reinforced its long-term commitment to Türkiye with the announcement of 13 deal signings comprising over 2,000 rooms. The signings are expected to further enhance the company’s footprint in the country where it currently has a portfolio of 48 properties and nearly 8,000 rooms across 21 brands.
Hotel transaction volumes totalled approximately £860 million for the first six months of 2023, some 60% below investment volumes for H1-2022, demonstrating the gulf between hotel trading performance and transactional activity has never been wider, according to the latest research from leading property adviser Knight Frank.
Carlton Hotel Collection is expanding. The four-star BANKS Antwerp, located in the historic heart of the city, is the latest addition to its international hotel business. With its idiosyncratic character and unique location, the hotel fits perfectly within the collection. Carlton takes over both ownership and day-to-day operations. After fifteen years, owners Carla Bartels and Daan Terlingen handed over the baton on July 1. On the same date, Roelof Meijering will start as hotel manager in Antwerp. BANKS Antwerp is the second hotel in Belgium for Carlton Hotel Collection, bringing the total number of hotels to thirteen.
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.