News & Stories
Dubai. The Singapore-based serviced residence companies Ascott Group has launched its first Middle East property - Somerset Jadaf, Dubai. The Ascott Group, which operates 16,000 serviced residence units in key cities of Asia Pacific, Europe and now Dubai, plans more properties in pan-Arab markets as part of its Middle East foray.
Dubai. A one billion dirham development was unveiled by Limitless, the first integrated master developer in Dubai and a business unit of Dubai World. The Quattro Hotel and Business Park is a totally integrated business and retail, mixed-use development that will be set amidst luscious landscaping, connected parks and boulevards, offering a diversity of leisure and lifestyle amenities.
Munich/Berlin. Treugast Solutions Group has changed its management structure. Stephan Gerhard, the new group's new President, has appointed Thomas Schlieper and Dirk Feid to be the Managing Directors. In doing so, the group's management structure was adapted to the widespread board system known in Anglo-Saxon countries.
Zurich. Yesterday, Marriott opened Neu-Oerlikon in Zurich - the first Courtyard in Switzerland. The company plans to erect another six hotels of this brand. The US chain chose Switzerland's leading catering specialist as its franchise partner.
Hamburg. In the last twelve months, the leisure activities on which the Germans spent the most money are eating out, magazines and other media, CDs/DVDs, mobile phone as well as leisure time travel - excursions and holidays.
Frankfurt/M. After the record year 2005 with a hotel investment volume of 16.5 billion euros, 2006 is well on the way towards another excellent result for the European market. The first half of 2006 saw a total of 9.3 billion euros flowing into the hotel investment market, equivalent to an increase of about 33% compared to the same period last year. About 2.6 billion euros refer to individual transactions, while 6.7 billion euros refer to transactions of hotel portfolios.
Frankfurt/M. Distribution specialist Bianca Spalteholz conveys the basics of yield management in an open seminar in Frankfurt.
Geneva. Kempinski Hotels have moved into Central Asia for the first time with the signing of a cooperation agreement with Okan Holding, one of
Kazakhstan's leading real estate development companies, covering
Kazakhstan, Uzbekistan, Kyrgyzstan and Turkmenistan. At the same time the formerly German group gives up its resort Bel Air on the island of Ruegen in Northern Germany.
Rust. Live like monks and nuns, yet a little more luxuriously - from next year, this is exactly what's being offered to guests to the Europe-Park in Rust near Baden-Baden. Family owners Mack are now building what will be their fourth hotel in the park in the last eleven years. This time the style is that of an old Portuguese cloister.
Berlin. The football world cup meant clear increases in occupancy and average room rates for Germany's hotels. Above all, it was stays made by foreign guests which gave the necessary push to this upward trend.