HVS EMEA Hospitality Enews - Week Ending 26 June 2009
Heathrow Lands Europe's Largest Holiday Inn Express | Passengers cannot fail to miss it but, it is hoped, pilots will be more careful: the largest Holiday Inn Express in Europe is due to arrive at Heathrow Terminal 5 in May 2011. The first 125 of the total of 300 rooms will be ready a year before then, as work has already started on turning an existing 128-room hotel at the airport into the Holiday Inn Express London Heathrow Terminal 5. InterContinental Hotels Group has signed a franchise agreement on the hotel with Crimson Hotels Group.
Park Inn Heads For Tete, Mozambique | Some dig for coal in Tete, in western Mozambique; others like CR Holdings prefer to dig the foundations for all manner of buildings and then raise those buildings from the ground. One such building is to be found on a 12-hectare development that from the fourth quarter of 2010 will be occupied by the 116-room Park Inn Tete. This hotel will be Rezidor Hotel Group’s second in Mozambique; the Radisson Blu Hotel, Maputo is set to open in the second quarter of 2010.
Mövenpick's Adventures With Ulysse Will End In November | Mövenpick Hotels & Resorts’ management of the Mövenpick Ulysse Palace & Thalasso Djerba will cease on 7 November this year. The 259-room, five-star resort on the island of Djerba, which lies off the southeastern coast of Tunisia, is owned by UTIC Tourisme.
Macdonald Hotels Takes Full Ownership Of Aviemore Highland Resort | The Aviemore Highland Resort in Scotland seems likely to be putting its troubled years behind it. Macdonald Hotels, which has managed the resort for almost 20 years, is now to buy the business outright, thus taking it out of administration. Macdonald Hotels, with the backing of Lloyds Banking Group, will complete the refurbishment of the four hotels at the resort and invest in additional facilities.
Kiessling's Corner | The five-star AB Skipper hotel in Barcelona is now operating under Accor’s Pullman brand. Accor has signed a 20-year management agreement with Axa Reim, which recently acquired the AB Skipper from Grupo Preyco 44. The hotel has 241 rooms and is close to the city’s International Convention Centre (CCIB). By Gabriele Kiessling, Analyst, HVS Madrid
Save Time And Money At The International Hotel Conference | The International Hotel Conference is probably one of the few conferences that can save you both time and money. The seventh conference in the annual series is being held this October at the Hilton Molino Stucky, which has, in honour of the occasion, lowered its rate on a single room from €365 a night to €315. This offer is available until 31 August 2009, so visit click here without delay. So I’ve saved my money, how do I save my time? Well, by the simple expedient of making use of the complimentary shuttle boat service that the conference organisers are providing between Venice airport and the hotel.
Absolute Share Price Performance Over the Past Week 18-25 June 2009
- NH Hoteles - The share price gained towards the end of the week, ending a two-day run of losses.
- Accor - Oddo Securities raised its rating to 'Buy' and gave a target price of €38.
- Whitbread - The share price fell towards the end of last week on a report that RevPAR in the UK provinces had fallen by almost 11% in the final week of May.
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