Hilton Worldwide (NYSE: HLT) continues its expansion in Mexico with the opening of Hampton Inn by Hilton Piedras Negras. The newly built hotel, owned and managed by Administradora Inova RBC, joins the Hampton by Hilton family which also includes Hampton Inn & Suites by Hilton and Hampton Inn by Hilton hotels.
InterContinental Hotels Group (IHG), one of the world's leading global hotel companies, announces the signing of the Holiday Inn Express® Asuncion Aviadores hotel, the first Holiday Inn Express® hotel in Paraguay. The new-build 120-room hotel will be centrally located in Paraguay's capital city of Asuncion, and joins IHG's Crowne Plaza® Asuncion hotel, already open in Paraguay. Jorge Apaez, Chief Operating Officer, Mexico, Latin America and Caribbean, IHG said: "IHG is pleased to introduce the Holiday Inn Express brand to Paraguay with the signing of this new property in Asuncion. Paraguay is one of the fastest-growing economies in Latin America, making this the ideal time to grow the IHG portfolio in the country." Expected to be open by the end of 2018, the hotel will be in close proximity to the World Trade Center Asuncion, Shopping del Sol and Paseo La Galeria. The hotel will also be only 15 minutes from the Silvio Pettrossi International Airport.
Deutsche Bank México, S.A., Banking Institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) ("Fibra Inn" or "the Company"), the Mexican real estate investment trust specializing in the hotel industry serving the business traveler with global brands, today announced the payment and acquisition of the Courtyard by Marriott Chihuahua hotel, which adds 152 rooms to the portfolio.
The Yoo2 Rio de Janeiro by Intercity will open in July 2016. This is the first hotel in a new brand for YOO Hotels and Resorts. Yoo2 Hotels bring original design and local soul to each destination, creating a sociable environment for both hotel guests and the local community. The Yoo2 Rio de Janeiro is a partnership between YOO Hotels and Resorts and Intercity Hotels. YOO brings over 15 years of international experience in design, branding and marketing, which is complimented by the local expertise of Intercity Hotels within the Brazil market. Intercity Hotels will manage all properties in Brazil and there are plans to grow the brand throughout Brazil and globally.
Rio de Janeiro, Brazil, has gained 38 hotels and more than 9,500 hotel rooms since being named host of the 2016 Summer Olympics, according to STR.Preliminary figures for July 2016 showed 28,314 rooms in 171 hotels in Rio de Janeiro. When Rio was awarded the games in October 2009, the market comprised 18,760 rooms in 133 properties.In addition to preparations for the Summer Olympics, Rio's hotel supply has grown substantially as a result of the 2014 FIFA World Cup. From June 2013 to June 2014, the year leading up to the World Cup, Rio's hotel room supply increased 5.9% to 21,383 rooms. Since that point, Rio's supply growth has ramped up 32.4%.In the first half of 2016, Rio hotels reported a 9.7% decline in occupancy compared with the first half of 2015. In addition, the market's 47.0% absolute occupancy level during the second quarter of 2016 was the lowest Q2 occupancy level in the market since 2002.Although fear over the Zika virus and ongoing political issues in Brazil have likely affected the market, STR analysts believe that substantial supply growth has significantly altered the city's hotel landscape. Brazilian officials have estimated that 350,000 to 500,000 tourists will visit Rio for the Olympics. STR analysts expect Rio hotels to see a significant boost in performance during the next several weeks.STR will report on Rio's hotel performance during the Olympics as data becomes available.
The highly-anticipated 225-room AC Hotel Rio de Janeiro Porto Maravilha and the 378-room AC Hotel Rio de Janeiro Barra da Tijuca, have opened their doors, inviting guests to experience Brazil's newest class of lifestyle hotels. AC Hotels by Marriott celebrates the beauty of classic modern design with its European soul and Spanish roots, borne from the signature vision of renowned hotelier Antonio Catalan, who founded the brand in 1998.Marriott International formed a joint-venture with the successful brand in 2011 and has since launched AC Hotels by Marriott globally in France, Denmark, the United States, Mexico and now Brazil.
On July 13, RLH Properties successfully carried out a follow-on offering for a total of Mx$1,338'430,880.95 (approximately US$73.1 million), including overallotment, which represents a 48.49% of RLH Properties' equity. This is the first equity capital offering in Mexico after Brexit and the hike of interest rates by the Central Mexican Bank (Banco de México). Despite market conditions, the transaction generated a lot of interest and long-term commitments from investors, proving confidence in RLH Properties and its management team. In particular, confidence by institutional investors who acquired the largest percentage of the offering (especially, Mexican pension funds – "Afores").
Primary public offering for a total amount of Mx$1,338,430,888.95.
Price per share was settled at Mx$15.45, a 2% above the pricing at the IPO. A total of 86,629,831 shares were issued.
Through this offering, RLH Properties converts itself from a SAPIB to a SAB in record time. This case is an example of the opportunities that mid-cap companies can obtain financing through the Mexican Stock Exchange (BMV, by its Spanish initials).
Evercore Partners Mexico acted as Financial Advisor. Evercore Casa de Bolsa acted as Leading Coordinator and Underwriter of the public offering, and Casa de Bolsa Banorte Ixe together with BTG Pactual Casa de Bolsa acted as Underwriters.
Mexico City -- On July 13, RLH Properties successfully carried out a follow-on offering for a total of Mx$1,338'430,880.95 (approximately US$73.1 million), including overallotment, which represents a 48.49% of RLH Properties' equity. This is the first equity capital offering in Mexico after Brexit and the hike of interest rates by the Central Mexican Bank (Banco de México). Despite market conditions, the transaction generated a lot of interest and long-term commitments from investors, proving confidence in RLH Properties and its management team. In particular, confidence by institutional investors who acquired the largest percentage of the offering (especially, Mexican pension funds – "Afores").
The net proceeds of the follow-on will be used in the construction of the One&Only Mandarina Hotel to be located on a 34-hectare lot on the Nayarit Riviera. The net proceeds could also be used on potential investments in the Four Seasons Hotel in Mexico City, owned by RLH Properties, as well as towards potential acquisitions of high-end hotels reinforcing, therefore, RLH Properties' positioning as a reference in the luxury hotel sector.
It is important to consider that RLH Properties debuted in the Mexican Stock Exchange last November as an Anonymous Company of Investment Promotion in the BMV (SAPIB in Spanish), taking advantage of the modifications in the BMV regulation which facilitate the access of small and mid-cap companies to the BMV. After only eight months of RLH Properties' IPO, the company has now become a regular Listed Company (SAB in Spanish). RLH Properties is now a clear example of how these mid-cap companies can successfully access public market to obtain financing in Mexico.
On behalf of RLH Properties' team, we want to thank all the investors who participated in this offering, as well as our Underwriters (Evercore, Banorte and BTG Pactual) and Advisors (Galicia Abogados, Greenberg Traurig and PricewaterhouseCoopers).
The Mexican hotel industry reported mostly positive results in the three key performance metrics for the second quarter of 2016, according to data fromSTR.Compared with Q2 2015, the Mexican hotel industry's occupancy was mostly flat (-0.5% to 63.3%). However, average daily rate was up 15.8% to MXN2,079.87, and revenue per available room grew 15.2% to MXN1,317.20."Performance was pretty similar to the first quarter with a weakened Peso as the main reason behind Mexico's hotel success," said Fatima Thompson, STR's associate director of business development, hotels. "Based on proximity alone, Mexico gains a lot of travelers from the U.S. But a lot of people realize that now is a good time to take advantage of the value, and hoteliers have capitalized with increased rates. It will be interesting to monitor the impact of Brexit on the Peso and ultimately the hotel industry in Mexico."Among the key markets in the country, Northwest Mexico posted the largest spike in RevPAR (+52.3% to MXN1,432.36), driven primarily by the country's largest increase in ADR (+49.2% to MXN2,355.25). Occupancy in the market was up 2.1% to 60.8%.Mexico City experienced the largest rise in occupancy (+8.3% to 70.7%). That coupled with a 19.9% increase in ADR to MXN2,486.43 pushed RevPAR up 29.8% to MXN1,758.07.The only decreases in any of the three key performance metrics were reported in the Yucatan Peninsula (occupancy -6.4% to 69.1%) and Northeast Mexico-Monterrey (occupancy -0.2% to 65.6%)."The country as a whole is such a great deal, it appears as if people are exploring areas outside of the always popular destinations."A note to editors: As of 1 March 2016, all references to STR data and analysis should cite "STR" as the source. Please refrain from citing "STR, Inc." "Smith Travel Research" or "STR Global" in sourcing as those names no longer fit within the updated STR brand.Additional Performance DataAre you a member of the media looking for performance data for a hotel market not included in this release? STR's sample comprises more than 54,000 hotels and 7.3 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
Hotels in the Central/South America region recorded mixed Q2 2016 results when reported in U.S. dollar constant currency, according to data from STR. Compared with the three key performance metrics from Q2 2015, the Central/South America region reported a 5.1% decrease in occupancy to 54.1%. Average daily rate was up 5.3% to US$89.75. Revenue per available room was flat at US$48.58. Performance of featured countries for Q2 2016 (local currency, year-over-year comparisons):Argentina experienced a 5.5% decrease in occupancy to 51.9%, but a 53.2% spike in ADR to ARS1,535.76 drove RevPAR up 44.7% to ARS797.21.
Marriott International, Inc. (NASDAQ: MAR) announced today the signing of agreement with Inmobiliaria Turistica de Mazatlan to bring Marriott International's rapidly growing Courtyard brand to Mazatlán, Sinaloa, Mexico. Construction of the 200-room Courtyard property is set to begin in late 2016 and it is expected to open in 2019. The hotel is owned by Inmobiliaria Turistica de Mazatlan, S.A. and managed by Marriott International. Once completed, Courtyard Mazatlán will be poised to attract business travelers by offering a refreshing ambience that helps guests stay connected, productive and balanced while traveling.
Marriott International celebrates the opening of the 133-room Courtyard Hermosillo Hotel, located near the city's most famous attractions, including the beautiful Cerro de la Campana and the Plaza Patio shopping mall. The new Courtyard is a prime business hotel option for visitors to the city as it is centrally located to major players in the automobile industry. It boasts a refreshingly designed lobby area complete with complimentary Wi-Fi and media pods – perfect for conducting business or staying connected to family and friends while on the road.
This August the athletic calendar's biggest event takes place in fabulous Rio de Janeiro. The vibrant city will play host to world-class athletic competitions in 32 venues across the city. Booking.com, the global leader in connecting travelers with the widest choice of incredible places to stay, today reveals the most popular districts to stay in Rio during the 2016 Summer Games.
Perched above crystal-blue Caribbean waters on the edge of the rainforest, a new luxury travel experience will soon come to life. Viceroy Hotel Group (VHG) has announced plans for Viceroy Bocas del Toro Panama, a resort and residences set to open in 2019. The destination will feature 186 modern guest rooms, including 42 overwater villas along 457 acres of coastline — with three miles of private white sand beaches, plus sailing, surfing and hiking adventures just beyond the door.
Hilton Worldwide (NYSE: HLT) continues its expansion in Mexico with the opening of the new Hampton Inn by Hilton Durango. The 125-room hotel, owned and managed by Santurin SA de CV, joins the global brand of Hampton Inn by Hilton, Hampton Inn & Suites by Hilton and Hampton by Hilton hotels.
Almost 4,500,000 international visitors arrived at Chile in 2015, which indicates an important growth of 22% compared to 2014, and a record number of overseas visitors during the last years. Regarding average occupancy rate, during 2015 an occupancy rate of 41% was registered at the national level, according to INE, which represented 1.38 points of growth (pp) in comparison with 2014. In this article, we will examine the most important items related to tourism and hotel sector, including the pipeline of hotel projects.
Hilton Worldwide (NYSE:HLT) announced today the opening of the new 226-room DoubleTree by Hilton Veracruz, conveniently located across from the beach overlooking the harbor, with direct access to the historic center and the most modern shopping, business and entertainment district. This new hotel is the latest addition to the DoubleTree by Hilton brand portfolio, which already has more than 460 DoubleTree by Hilton hotels in 38 countries.
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, and Mexican-based Alkoer announce a joint venture to develop two Staybridge Suites® hotels in the cities of Irapuato and Silao, both in the state of Guanajuato.
InterContinental Hotels Group (IHG®) today announces the opening of the new-build Staybridge Suites San Luis Potosi hotel in Mexico. As the first Staybridge Suites® in the city, the 97-suite property joins IHG's other hotels nearby including Holiday Inn Express San Luis Potosi hotel and Holiday Inn San Luis Potosi-Quijote hotel. This is IHG's sixth Staybridge Suites property in Mexico with other hotels located in Chihuahua, Guadalajara, Monterrey, Puebla and Queretaro.
STR's May 2016 Pipeline Report shows 28,368 rooms in 178 projects Under Contract in the Caribbean/Mexico region. The total represents a 5.8% decrease in rooms Under Contract compared with May 2015 but a 3.0% year-over-year increase in rooms In Construction.Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The region reported 12,616 rooms in 80 projects In Construction for the month.Among the countries in the region, Mexico reported the most rooms In Construction with 7,981 rooms in 58 hotels. The Dominican Republic (1,208 rooms in six hotels) was the only other country to report more than 1,000 rooms In Construction.
Hilton Worldwide (NYSE: HLT) today announced the signing of a franchise license agreement with Free Way Group to build Hampton by Hilton Bariloche, marking the entry of the global mid-priced brand into Argentina. Scheduled to open early Q2 2018, the new property will be located in Argentina's renowned international tourist destination of San Carlos de Bariloche. The project is part of an expansion plan of Free Way Group, which turns its expertise of 50 years in the tourism business in the region, including travel agencies and tour operators, now to the development of an international branded hotel.