EMEA Hospitality Newsletter – Week Ending 4 November 2016 (November 5, 2016)

Cycas Hospitality Acquires Staybridge Suites Newcastle 

Hotel management company Cycas Hospitality has purchased the Staybridge Suites Newcastle, in the northeast England city of Newcastle upon Tyne, for an undisclosed sum. The 128-suite hotel, on Buxton Street, will continue to operate under its current brand, and it will be the fifth UK Staybridge Suites property managed by Cycas (one hotel in Liverpool, two in London and a hotel in Manchester due to open in 2017). Commenting on the group’s latest acquisition, Eduard Elias, managing partner of Cycas, said, “The city is well positioned on the high-speed East Coast mainline so most of the UK’s city hubs are just a short train ride away. New intercity trains are also due to run between Liverpool and Newcastle by December 2017. Newcastle’s accessibility, its skilled workforce and the presence of strong international companies makes it a natural fit for the extended-stay hotel market.”

Four Seasons at Trinity Square Now Taking Reservations 

Four Seasons Hotels and Resorts has announced that its long-awaited hotel in the Grade II-listed former headquarters of the Port of London Authority, in central London, is now taking reservations and will be welcoming its first guests on 26 January 2017, becoming the UK’s third Four Seasons property. The Four Seasons Hotel London at Ten Trinity Square, close to the Tower of London and a short walk from St Paul’s Cathedral, has 100 guest rooms and 41 private residences. The hotel joins its sister properties, the 193-room Four Seasons Hotel London at Park Lane and the 133-room Four Seasons Hotel Hampshire.

Radisson Blu to Take a Bite Out of Brasov! 

Carlson Rezidor’s Radisson Blu chain has signed an agreement for a hotel in the central Romanian city of Brasov, in the country’s Transylvania region. The Radisson Blu Hotel, Brasov will become the second of its brand in Romania, when it opens in spring 2018, and the group’s third hotel in the country overall. The 105-room hotel will be in Brasov city centre, bordering the Old Town. "The new Radisson Blu hotel in Brașov, Romania, is another strategic addition in Eastern Europe, where we plan to add Radisson Blu in key capital cities and popular tourist destinations,” commented Elie Younes, HVS alumnus and executive vice president and chief development officer at Carlson Rezidor. “With another Radisson Blu Hotel and a Park Inn by Radisson Residence in Bucharest, we are offering our world-class guests a complete choice of business and leisure venues in Romania. We look forward to a long and successful business partnership with the Tresor Com SRL team, our partners, to bring Europe's largest upper upscale hotel brand to Brașov," he continued.

Henry Stewart’s Hotel Finance Briefing Will Take Place This Month in London  

The 2016 Investment and Development in the UK & Continental Europe briefing is due to take place in just 19 days at Le Méridien, Piccadilly in London on Wednesday 23 November. If you haven’t already got your ticket, visit www.henrystewartconferences.com to register, and don’t’ forget that HVS newsletter readers can get a 10% discount on the ticket price by entering the code HVS10 at checkout. Sophie Perret, a director with HVS London, will kick off proceedings with a keynote speech covering, amongst other things, performance and supply trends in the UK and across Europe, the investment market and Brexit. The rest of the day will be packed with panel discussions and talks featuring industry experts, exhibits and plenty of networking opportunities.

Andras to Add a Crowne Plaza to Belfast 

Andras Hotels is to open the first Crowne Plaza property in Northern Ireland under a franchise with InterContinental Hotels Group (IHG). Andras's flagship hotel, the 120-room Ramada Plaza Shaws Bridge in Belfast, will undergo an 18-month €1.5 million refurbishment to bring it in line with Crowne Plaza standards. This isn’t the first partnership between Andras and IHG, as Andras also owns and operates the Holiday Inn Belfast City Centre and the Holiday Inn Express in Belfast City – Queens Quarter. Andreas currently has five properties across the city overall.

Delta Holding Buys Holiday Inn Belgrade 

Serbia-based Delta Holding has acquired the Holiday Inn Belgrade and the adjacent 2,500 m² Belexpocentar convention hall in the Serbian capital for an undisclosed sum. The 140-room hotel is a 15-minute drive from Nikola Tesla Airport and a ten-minute drive from Belgrade city centre. Delta also runs the 416-room Crowne Plaza Belgrade and is currently preparing to start construction on an InterContinental hotel in the city.

Three More Meliá Hotels for Cape Verde 

Meliá Hotels International announced this week that it plans to expand its portfolio in Cape Verde, a volcanic archipelago off the northwest coast of Africa, with the addition of a resort in Ponta Jandangue on the island of Santiago. The resort will contain three all-inclusive hotels, a wide range of food and beverage outlets and leisure facilities, including swimming pools and a spa. The 320-room Meliá Lusofonia Resort & Spa, the 150-room Meliá Lusofonia and the 130-unit Meliá Lusofonia Residences are scheduled to open between 2019 and 2020. Meliá currently has two hotels in operation in the archipelago: the 286-room Meliá Tortuga Beach and the 1,150- room Meliá Dunas Beach Resort & Spa, on Sal Island. With a further three properties under development in Cape Verde, this signing brings its pipeline up to six.

Ritz-Carlton to be Developed on Saadiyat Island 

Marriott International’s Ritz-Carlton chain has been selected by Abu Dhabi’s National Corporation for Tourism and Hotels to run a property on Saadiyat Island, 500 m off the emirate’s coast. The luxury hotel will have more than 300 rooms, villas and chalets and a 95,000 m² beachfront area.

Absolute Share Price Performance Over the Past Week – 27 October-3 November 2016 


 

PPHE Hotel Group – Like-for-like revenue increased by 4.3% to £204.2 million for the nine months to 30 September 2016.

Millennium and Copthorne – The group's London hotels got a boost from the fall of the pound.

 

Disclaimer: Information provided above has been gathered from various market sources. HVS has not independently verified the accuracy of the information provided. Interested parties should not rely on the information as statement of facts and are advised to make their own independent checks to verify the information provided. For further information, please feel free to contact HVS London.

 

For the latest in the hospitality industry, please visit: http://www.hvs.com/. You are also welcome to contact the following personnel.
 
Russell Kett, Chairman – HVS London (@russellkett) rkett@hvs.com
Charles Human, CEO – HVS London/HVS Hodges Ward Elliott chuman@hvshwe.com
Simon Tucker Brown, Managing Director – HVS Executive Search Europe & Middle East stuckerbrown@hvs.com
Chris Martin, Senior Director – HVS Hodges Ward Elliott cmartin@hvshwe.com
Puneet Kanuga, Director – HVS Hodges Ward Elliott pkanuga@hvshwe.com
Arlett Hoff, Director – HVS London ahoff@hvs.com
Sophie Perret, Director – HVS London sperret@hvs.com
Tim Smith, Managing Partner – HVS Cape Town tsmith@hvs.com
Demetris Spanos, Managing Director – HVS Athens dspanos@hvs.com
Hala Matar Choufany, Managing Director – HVS Dubai hchoufany@hvs.com
Ezio Poinelli, Director – HVS Milan epoinelli@hvs.com
Louise Fury, Senior Editor and EMEA Hospitality Newsletter Author – HVS London lfury@hvs.com

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

HVS.com