Europe Hotel Transactions Bulletin - Week Ending 4 June 2021
Bain Capital and Stoneweg acquire the Andalucía Plaza hotel Marbella, Spain.
News
Valor Hospitality Partners Adds 17 IHG Hotels In The UK To Management Portfolio
Valor Hospitality Partners, a global, full-service hotel Management Company offering a full suite of services, announced their most recent operating agreement with the addition of 17 regional IHG® Hotels & Resorts branded hotels in partnership with owner MCAP Global Finance (UK) LLP, an affiliate of New York based investment manager Marathon Asset Management, L.P. (“Marathon”). The addition of the expansive hotel portfolio doubles the global hospitality management company’s United Kingdom footprint. This growth is fueled by Valor’s guiding principle to offer unique, differentiated experiences for travelers that foster genuine connections with people and cultures, driven by their worldwide team of ‘Hotelitarians’. In turn, this leads to industry leading commercial results and returns for Valor’s ownership groups.
Brits To Recover The Additional Costs Of Their Holiday COVID Tests By Renting Out Their Homes While They Are Away
With many families in the UK having to plan carefully which countries they will be able to visit for their summer holidays, they are also having to calculate the significant amount they will have to pay for the COVID tests they’ll have to buy to be able to go abroad. One company is suggesting that a good way to offset the extra cost is for families to consider renting out their own homes while they are away.
Bain Capital Credit And Stoneweg Hospitality Acquire 400-room Marbella Hotel
Bain Capital Credit, LP (“Bain Capital Credit”) and Stoneweg Hospitality (“Stoneweg”) via their real estate hospitality joint venture, today announced the acquisition of the 400-room Andalucía Plaza hotel complex in Marbella, with the aim of renovating the establishment to offer a new hotel experience in one of the best locations on the Spanish coast. The property will continue to be operated by H10 Hotels until the end of 2021.
STR: Preliminary London Hotel Data For April
STR's preliminary April 2021 data for London hotels shows slightly better performance compared with recent months, albeit at overall low levels.
GBR Hospitality Newsletter 2021 Q1
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
PPHE Hotel Group Today Announces A Trading Update For The Three Months Ended 31 March 2021
Boris Ivesha, President & Chief Executive Officer, PPHE Hotel Group said:
WTTC research reveals Travel & Tourism sector’s contribution to Italy’s GDP dropped by €121 billion in 2020
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals that the dramatic collapse of Italy's Travel & Tourism sector has wiped out a staggering €120.6 billion from the nation's economy.
WTTC research reveals Travel & Tourism sector’s contribution to France’s GDP dropped by €103 billion in 2020
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals the dramatic impact COVID-19 had on France's Travel & Tourism sector, wiping out €103 billion from the nation's economy.
STR: Preliminary Berlin Hotel Data For March
STR's preliminary March 2021 data for Berlin hotels shows slightly better performance compared with recent months, albeit at overall low levels due to continued restrictions in Germany.
WTTC Research Reveals Travel & Tourism Sector’s Contribution To Germany’s GDP Dropped A Staggering €161 Billion In 2020
COVID-19 sparks a dramatic 46.9% collapse in the sector's contribution to GDP More than 440,000 jobs lost, while many more remain protected by the Kurzarbeit schemeHowever, the return of international travel this year could see GDP contribution rise sharply and jobs return
London Short-Term Rentals Continue To Post Lower Rates Amid Lockdown
London's short-term rental industry recorded a month-over-month increase in occupancy but continued decreases in average daily rate (ADR) and revenue per available room (RevPAR), according to February 2021 data from STR.
WTTC Research Reveals Travel & Tourism Sector’s Contribution To UK GDP Slumped A Shocking £148 Billion In 2020
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals that the dramatic collapse of the UK's Travel & Tourism sector has wiped out a staggering £148 billion from the UK economy.
STR: Preliminary London Hotel Data For February
STR's preliminary February 2021 data for London hotels shows slightly better performance compared with the previous month, albeit at low levels influenced by continued restrictions in the U.K.
London Short-Term Rentals Start Year With Higher Occupancy, Lower Rates
London's short-term rental industry recorded a month-over-month increase in occupancy but declines in average daily rate (ADR) and revenue per available room (RevPAR), according to January 2021 data from STR.
The UK Prime Minister’s roadmap is a very welcome sign that good progress has been made in tackling the COVID-19 pandemic and for society to start planning a return to a more ‘normal life’.
Whilst we appreciate the need to be careful about when and how the hospitality industry, and specifically the accommodation sector, reopens, we also need to make sure that no business is disadvantaged in the meantime and that we work together to make 2021 a year to make up as much of the lost ground caused by the pandemic as we can.We have four specific asks of Government:
STR: Preliminary January Data For Berlin Hotels
STR's preliminary January 2021 data for Berlin hotels showed slightly higher performance levels compared with the previous month but at overall low levels.
Restrictions to mobility have contributed to the UK suffering greater GDP losses than its European neighbours, says WTTC
Latest research shows the ongoing restrictions to travel and blanket quarantines has seen the UK suffer greater GDP losses than many of its European counterparts which have less stringent barriers in place, says the World Travel & Tourism Council (WTTC)
U.K. Hotel Markets Showing 2021 Events Boost
Glasgow's hotel occupancy on the books is pushing 90% for the UN Climate Change Conference, and London is showing increases around two key sporting events, according to data from Forward STAR, STR's forward-looking benchmarking solution.
Greek Hospitality Industry Performance Q4 2020
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.