Hilton (NYSE: HLT) today announced an agreement with Signo Hospitality (Signo) to develop 10 new hotels in Germany over the next five years. The first two properties to open under the agreement will be Hilton Garden Inn Herne and Hampton by Hilton Bottrop. Both hotels will be the first from Hilton in their respective cities, which sit in Germany's industrial centre in the Ruhr valley.
room2, the world's first hometel brand, has completed the sale and leaseback of its flagship offering, room2 Southampton, to a fund managed by Aberdeen Standard Investments ("ASI"), the UK's largest active asset manager. The disposal price of c. £10 million reflects a prime net initial yield of 4.98% with a 30 year indexed linked lease in place. The hometel concept, a sub sector of the extended stay space, is the brainchild of brothers Robert and Stuart Godwin, former members of the British Olympic Development Sailing Team. room2 was advised by Savills and ASI was advised by Knight Frank.
Portugal's hotel, tourism and leisure sectors have been evolving favourably in the recent years with travel & tourism accounting for 16.5% of Portuguese GDP in 2019. The strength of the market, fostered by government policy, boosted investments in the country's tourism and hospitality assets, as evidenced by an increased number of transactions and new hotel developments.
Louvre Hotels Group, subsidiary of the world's second largest hotel group, continues to expand its Kyriad Direct brand, growing from 60 hotels open in 2020 to 100 hotels in 2021. Launched in April 2018, the Kyriad Direct brand is being developed on the 2-star segment to meet the needs of travellers looking for a quality hotel experience at an affordable price.
Two extraordinary Swiss hotels are now adding to the portfolio of the luxury hotel group Kempinski Hotels: the first five-star luxury hotel in Engelberg, Kempinski Palace Engelberg - Titlis Swiss Alps, which is nearing completion and will welcome discerning guests from all over the world in the heart of Engelberg from spring 2021; and the two hotels on Frutt in Melchsee-Frutt, which will benefit from the international management know-how and worldwide distribution network of Kempinski Hotels and be managed from the coming winter season by Kempinski.
Queensgate Investments and Rockwell has now been given the green light by the Greater London Authority (GLA) for the redevelopment of the Kensington Forum, to provide a world-class hotel and serviced apartment scheme alongside 62 genuinely affordable homes and substantial public realm improvements.
Värde Partners, a leading global alternative investment firm, today announced the successful completion of its previously announced sale of a portfolio of eight luxury hotels operating under The Dedica Anthology brand ("Dedica") to Covivio, a European real estate operator, through its subsidiary Covivio Hotels.
The award-winning Dutch hotel and lifestyle brand citizenM has entered into an exciting collaboration with German project developer GBI. citizenM is looking for prime locations for their entry into the German hotel market. True to its philosophy 'affordable luxury for the people', citizenM is offering guests all the luxuries they would expect from a high-end hotel in a prime location, yet without sky-high prices. Since June, citizenM is also offering contactless stays powered by its new app.
Paris - onefinestay , the leading hospitality brand offering the world's finest homes and service, announces the addition of Saint-Tropez to its growing Villa Collection. From super-slick hideaways to classically French retreats, onefinestay has curated 40 exceptional villas in the sunkissed region, all of them personally vetted for their quality, location, elegance and comfort.
Yes, we are open. As travel restrictions begin to ease and many countries gear up to celebrate the Whitsun holiday, the Steigenberger Hotel Herrenhof in Vienna and the Steigenberger Hotel & Spa Krems will both be reopening for leisure travelers on 29 May. They will be followed by the IntercityHotel Vienna and the MAXX by Steigenberger Vienna, which will start receiving guests again on 2 June and 1 July respectively. Some of Deutsche Hospitality's Austrian hotels have been using the break caused by the corona crisis to carry out renovations in their guest rooms and public areas.
Investor confidence in the UK's hotel sector is set to return this year as Brexit uncertainty settles, providing opportunities for both buyers and sellers alike.
Today, Scandic is launching Scandic GO, a new hotel brand that offers a playful, slimmer concept within the growing economy hotel segment. With Scandic GO, the company aims to establish a strong presence in city locations in all of the Nordic markets. Scandic will initially launch five hotels under the new Scandic GO brand - four in Stockholm and Oslo during the fourth quarter 2020 and one in Copenhagen during the second quarter 2021.
In the first quarter of 2020, the Hamburg-based hotel group NOVUM Hospitality has opened not one but two hotels of their young lifestyle brand the niu in Germany: the niu Air in Frankfurt and the niu Crusoe in Bremen. While the niu Air - the largest hotel of the niu brand to date - boasts 344 rooms and is located in close proximity to Frankfurt's former airport near Rebstockpark, the niu Crusoe offers 153 guestrooms and is situated right next to Bremen airport.
On behalf of the Principal Hotel Real Estate Fund II ( "Hotelfund II" ) PRINCIPAL REAL ESTATE EUROPE " PRINCIPAL", confirms the closing of the acquisition of the Ona Hotel Terra in Barcelona for € 40.50 million from a local real estate developer. The 3* hotel has 152 rooms, a restaurant, a bar, 2 meeting rooms as well as a rooftop terrace with swimming pool offering exceptional views over Plaza de España and Palace of Montjuic. As part of the transaction a long-term lease was entered into with Ona Hotels, a family owned Spanish hotel group based in Barcelona which operates 40 hotels in 4 countries (Spain, Andorra, Morocco and Tunisia) with ca. 5,500 rooms.
Celebrating its 50th anniversary this year, Palladium Hotel Group will continue to consolidate its expansion strategy with important openings in 2020.
Radisson Hotel Group, with properties in key locations across Turkey, prepares to open three more hotels in 2020. Two of these hotels will be in Istanbul's touristic and historic locations, and the third in Aliağa, Izmir.
Whitbread, one of the UK's largest hotel businesses, has secured its fourth location in Dublin city centre. The prime site on Gloucester Street in Dublin 2 will be redeveloped into a 108-bedroom Premier Inn hotel, increasing Premier Inn's secured development pipeline in the city to more than 630 bedrooms, and 830 hotel rooms across Ireland.
Hilton (NYSE: HLT) is launching two hotels in Portugal under its Curio Collection by Hilton brand. The collection of remarkable upper upscale hotels and resorts will be joined by The Emerald House Lisbon, which will open in the Portuguese capital in Summer 2020, and Boeira Garden Hotel Porto Gaia in Porto, which will welcome guests in a phased opening in December 2019 with the hotel fully operational in Spring 2020.
Over 400 delegates gathered at the Hilton Athens this week for the 5th Mediterranean Resort & Hotel Real Estate Forum (MR&H). Hosted by Questex Hospitality Group, MR&H 2019 was the largest gathering of hotel and resort investors, owners and operators - making MR&H the industry's premier mixed use resort and real estate forum.
Pan-European operator, developer and investor, The Student Hotel (TSH), has secured €90 million in financing for the development of two new hotels in Madrid and Barcelona, as well as refinancing for its existing assets in Spain. The lending was provided by a syndicate of three banks.