- Hotel Development
Cycas Hospitality has signed a lease agreement with Van der Linde Architecten and Development company to manage IHG's first new Holiday Inn Express & Suites concept in Europe, which is expected to open in The Netherlands in early 2021.
Hyatt announced today that a Hyatt affiliate has entered into a franchise agreement with Resolution Property, which has teamed up with specialist real estate firm Berkeley Capital Group, to develop a Hyatt Place hotel at Black Lion House on Whitechapel Road in Aldgate.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with a subsidiary of Matmut S.A.M. to develop the first Hyatt-branded hotel in Rouen, the capital of Normandy, France.
By Matt Luscombe – Chief Executive Officer at Cycas Hospitality
If you'd asked me ten years ago about the future of hotel brands in the digital age, I'd have been uncertain. I could see the dramatic changes that were happening. Hotels' 'distribution costs' - particularly commissions paid to online travel agents (OTAs), other online intermediaries and brand loyalty schemes - were increasing rapidly, while fees paid to 'traditional' partners - wholesalers, tour operators, GDS, agents and the brands, themselves - showed no signs of decline.
World-class distribution was once one of the key value-adds of signing up with a hotel chain or brand. Today, however, this advantage has been severely eroded to the point where independent properties can access better and more cost-effective distribution channels.
Cycas Hospitality has signed a management agreement with Zeal Hotels and Sandgate Investors to operate its first property in the South West of England and its second with Accor.
Cycas Hospitality, one of the largest branded extended-stay hotel operators in the UK, is continuing its international rollout by signing its inaugural deal in France, which will see it manage the first dual-branded Hyatt property in Europe.
Cycas Hospitality Opens First Property Outside UK and Boosts Senior Development Team as Part of European Rollout
Cycas Hospitality, one of the largest branded extended-stay hotels operators in the UK, has demonstrated its commitment to European expansion by opening its first property in continental Europe and growing its acquisition and development team through three new appointments.
Cycas Hospitality, North UK & Ireland – United Kingdom
Staybridge Suites London - Vauxhall – London, United Kingdom
Courtyard by Marriott at London City Airport – London, United Kingdom