News & Stories
Dubai. Dubai is making headlines with a new mega project: the Marsa Al Arab. The EUR 1.5 billion complex will stretch along both sides of the Burj Al Arab - on reclaimed land as well as in the water. It will be operated by the Jumeirah Hotel Group, though at the same time will place into question the exclusivity of its current hotels at the private beach.
Wiesbaden. Institutional investors in the accommodation sector have a new darling: hostels. The investments in A&O and Meininger Hotels have generated awareness within the industry. But ever since the recent million-euro deal concerning Generator Hostels, people agree: this market still has huge potential. Thanks to the selling of beds and the slim infrastructure, these concepts pay off better and faster than budget. Even groups like A&O, which want to upgrade in F&B, are not endangering this calculation so far.
Munich. According to the business magazine Estates Gazette, AccorHotels stands immediately before the planned sale of its real estate division AccorInvest, the German real estate newspaper Immobilienzeitung reported yesterday.
Frankfurt. The German hotel investment market continues its ascent from 2016 into the first quarter of 2017. The real estate consultancy CBRE puts transaction volume for the first three months at around EUR 1.15 billion.
Madrid. Hospitality investment in Spain reached 2.184 million euros in 2016, 16.5% less than in 2015 with 2.614 million euros, the year with the best figures in history.
Vienna. With the freshly established "Hospitality Development AG", Soravia Capital will move deeper into the field of hospitality next year. The capital arm of the Austria Soravia Group plans to intensify investment in classic and lifestyle hotels, though above all in serviced apartments and in other long-stay accommodation options as well as in residential property.
Hamburg/Brussels. The new joint venture between the German budget design group prizeotel in Hamburg and the Rezidor Hotel Group in Brussels bears the first fruits when it comes to development: End of 2019, the first prizeotel will open in Bern, Switzerland.
Munich. Anyone looking to be successful with numerous hotel businesses in Europe and elsewhere is seldom owner and operator in one and the same person. This combination can be just one variety on the path to profitability. Owner operators exist in various combinations: there's complete, majority and minority ownership of the property, and the operator part can be added in some cases before the hotel is open, and in others at a later stage. The benefits and drawbacks of these different combinations was the subject of discussion at the beginning of October at the Expo Real hotel conference on the corresponding panel regarding the pan-European owner operator.
Berlin. Digital technologies are a big challenge for the real estate industry, but also offer great opportunities. A new competition aims to recognize the best startup ideas for the real estate world of tomorrow.
Rome. L'Agenzia del Demanio, the Italian State property office, in cooperation with the Ministry of Defense and other interested local authorities, has just initiated the second wave of renting out state-owned assets located by the sea in scenic national sites.