Scandic and Pandox have agreed to extend the leases for 15 hotels and one conference property. Pursuant to the agreement, the rental terms will remain unchanged, enabling good profitability and balanced risk for Scandic. The parties have also agreed on a joint renovation program for the hotels.
limehome, Europe's leading technology provider for the hospitality industry and operator of fully digitalised design flats, will open a third location this summer in Eindhoven, in the Dutch region of Brabant, following Amsterdam and The Hague.
The hotel operating company Primestar Group is growing internationally and will open its first hotel in Austria with the Hampton by Hilton Vienna City West in 2024. By signing the franchise agreement between Primestar Hospitality GmbH and Hilton, the successful cooperation between the companies is continued. Primestar Group already operates 5 Hampton by Hilton hotels in Germany.
Earlier this week, the UK’s second largest hotel chain, Travelodge, announces its current hotel development schedule. This includes plans to open six UK hotels in 2022 (including the group’s first new build budget-luxe design hotels) and a franchise flagship hotel in Dublin, together with the start of its 2023 new hotel openings programme, with construction started on four new hotels and contracts exchanged for six further future new UK Travelodge hotels in the last 12 months.
Hines, the global real estate firm, and Blue Noble, an international real estate investment manager, joint investors in the “Future Living” fund managed by Savills Investment Management SGR SpA, confirm that a lease agreement with Starhotels for the management of part of the asset of Corso Italia in the heart of Florence has been finalised.
The internationally renowned brand, ELLE, is excited to announce its debut into the hospitality world with the launch of ELLE Hospitality, which comprises two new boutique concepts Maison ELLE and ELLE Hotel. The bold new venture marks an important step in the brand's lifestyle and experiences evolution, as it is the first of its kind from a global media group. Owned by French Lagardère Group, ELLE has its headquarters in Paris, where the first Maison ELLE is scheduled to open this fall.
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.