More than ever, off-plan hotel leases[1] are making headlines in the leisure real estate industry. Stemming from real estate law professional practices, off-plan hotel leases reconcile the legal and financial interests of three distinct actors: the developer (seller), the investor (owner) and the operator (tenant).
Declines in occupancy and revenue per available room ("RevPAR") continued to accelerate across Manhattan during the fourth quarter, as the COVID-19 pandemic curbed both holiday tourism and commercial traveler demand to the city.
Resources for Leisure Assets (RLA) was congratulated for its "high level of expertise" and "excellent professional approach" for the Messilah Beach leisure development in Kuwait.
Archer Capital, APG and GIC acquire future Madrid Edition for €205 million
"There are many questions yet to be answered about the future of travel in a post-pandemic world, but one thing that seems quite clear is the growing consumer focus on sustainability and responsibility."
Pro-Invest AUD132 Million Deal to Acquire Primus Hotel in Sydney, Australia
Today, Hotel Equities and affiliated global private equity group Virtua Partners officially announced the launch of 33 Degrees, a master brand encompassing a portfolio of companies, including:
"With every crisis comes valuable opportunity to innovate and improve. As much as the pandemic has paralysed the hospitality industry, we have witnessed our hotel clients optimising their operational efficiencies and enhancing guest experiences with smart technology and leveraging big data during this period."
In short, blockchain technology enables the user to record information on a digital ledger. It divides and stores the entered information in a compartmentalized array across several computer systems on a Blockchain network.
NEW YORK-Highgate, the premier global real estate investment and hospitality management company, announces its receivership and loan resolution capabilities with the formation of a dedicated team that brings decades of expertise as court-appointed receivers and operators for hotels with distressed assets requiring lender involvement.
Sunce Hotels in Croatia being acquired by KSL, Commerz Real acquires two InterCity hotels in the Netherlands, FCR Immobilien sells Hotel Wasserschloss in Westerburg, Germany.
Huka Lodge Acquired by Baillie Lodges in New Zealand, Tourism Australia Launched AUD5 Million Tourism Campaign to Boost Domestic Tourism, NZD50 Million Events Fund Rolled Out to Regions in New Zealand, Hua Hin Airport to be Further Upgraded in Thailand.
