News & Stories
Paris/London. InterContinental Hotels Group will launch its Kimpton brand in UK based on an agreement with Foncière des Régions to rebrand and operate 12 high quality open hotels and one pipeline hotel. This deal transfers more capital than AccorHotels' acquisition of Moevenpick this week.
Milan. Gabetti Property Solutions has recently published the umpteenth report on the real estate hospitality market in Italy. Investors' interest has begun to differentiate, not only focusing on upscale and luxury properties, but also taking alternative and trendy accommodation into account such as design hostels and student housing.
Madrid. Hotel transaction 2017 in Spain continued to increase driven by hotel portfolio buyers. Also secondary destination saw a risen interest compared to the past year.
Berlin. Everything is fine. Very fine. The hotel industry and the hotel real estate world are buzzing around the world. The flows of capital continue, crises no longer scare tourists off; therefore, more buildings are being built and more brands are in the making. Under these circumstances, who really wants to hear about first "warning signs" of overheating and imminent downswing that started to show in 2017? This was only a topic spoken about in the hallways of the 21st "International Hotel Investment Forum" in Berlin this week. Its motto "Reaching New Heights" seemed a little sarcastic. Here are the first comments about the current development and details from the hallway talks.
Frankfurt. The British Whitbread PLC hospitality group acquired a portfolio of 19 German hotels of Foremost Hospitality HIEX GmbH. The portfolio consists of 19 Holiday Inn Express hotels that will be renamed to Premier Inn from 2020. This way, the British chain acquires good locations and will become a lot more visible from 2020. And Foremost changed its strategy.
Milan. The Italian hotel investment market reports another record in 2017, growing for the third consecutive year, with a total transaction volume of 1.6 billion euros, up from 1.48 billion in 2016.
Amsterdam. Amsterdam's policy to "freeze" further hotel development in the city center is increasing real estate prices. A recent report published by Collier Netherlands confirms that a total of over 1 billion euros in hotel real estate changed hands in 2017 with a transaction price up 70%, making a number of investors richer and happier.
Milan. The Italian real estate hospitality market has continued its positive path since 2014. During the first nine months of the year, the country in fact recorded a total hotel investment value of 735 million euros, representing 11% of the overall real estate investments in the country.
London. Alternative hospitality sectors are becoming the 'new norm', according to Paul Collins, Executive Director, Head of Hotel Investment Properties UK & Ireland at CBRE. He identifies three categories of alternative lodging which are moving into the mainstream, including: microtels; hostels; and serviced apartments. Macy Marvel sums up the trends and new brands.
Wiesbaden. Hyatt Place, Hyatt House, Andaz: Hyatt Hotels will now also expand its presence in Europe with its new brands. The group, which has up to now concentrated on full service and luxury, is now set to modify its concept with Hyatt House and Hyatt Place. Both these brands are pitched at the 4-star level, in the select service category and also in the long-stay segment. The luxury lifestyle touch is now also set to be expanded in continental Europe with the Andaz brand. The will to expand is great, the concept design is ready, and flexible contract and cluster benefits are in place to convince investors, Peter Fulton says, Group President EMEA/SouthWest Asia at Hyatt Hotels Corporation.