EMEA Hospitality Newsletter – Week Ending 15 September 2017 (September 16, 2017)

Motel One in Berlin’s Spittelmarkt District Sold 

M&G Real Estate has acquired the Motel One Berlin-Spittelmarkt, in Germany, from Commerz Real for approximately €43 million (€142,000 per room) Commerz bought the 303-room hotel, on Leipziger Strasse, as a forward deal and on completion of the project in it 2010 it was kept in its Hausinvest property fund.

New Owner for the First European Hampton by Hilton 

Frank Truman Asset Management has purchased the Hampton by Hilton Corby/Kettering, in the UK’s East Midlands regions, off a guide price of more than £6 million. Legacy Hotels & Resorts will continue to operate the 88-room hotel, which will retain its Hampton by Hilton flag. The hotel was the first Hampton by Hilton-branded property to open in Europe.

Titanic Hotel Opens in Belfast 

Northern Ireland’s long-awaited Titanic-themed hotel has opened its doors to its first guests in Belfast this month on the site of the former Harland and Wolff Drawing Offices and HQ, where he legendary liner was designed and built. The Titanic Hotel Belfast is the product of a £28 million investment and a two-year restoration project. The 119-room property, in the city’s Titanic Quarter, has retained many of the original features from the original industrial warehouse building.

Nobu on its Way to Barcelona  

Luxury lifestyle brand Nobu Hotels has added another property to its pipeline for Spain. The group has got together with Selenta Group to continue its European expansion with a Nobu-branded hotel and restaurant in Barcelona. The 250-key Nobu Hotel Barcelona is scheduled to open before the end of 2018 in the Catalan capital’s historic centre. The group currently has one hotel in operation in Spain, the Nobu Hotel Ibiza Bay, and a property under development in Marbella.

Radisson RED Plans to Rock Up in Riga… 

Carlson Rezidor has signed an agreement with the Astor Group for the first Radisson RED property in Lativia. The 220-room Radisson RED Riga is expected to open on Elizabates iela, at the heart of the Latvian capital, by 2020. Riga’s Old Town, a UNESCO World Heritage Site, is within a five-minute walk of the hotel.

…And Makes its First Appearance in Cape Town 

Carlson Rezidor’s Radisson RED lifestyle select brand has made its African debut with the opening of the Radisson RED Cape Town in South Africa. The 252-room hotel, with views of Table Mountain, is in Silo Six at the heart of Cape Town’s recently restored V&A Waterfront’s Silo District. Radisson RED now operates in five locations across the Americas, Europe and Africa.

A Second DoubleTree Added to Hilton’s Sharjah Pipeline 

Hilton Worldwide has signed an agreement with Tilal Properties for its second DoubleTree by Hilton hotel in Sharjah, UAE. The 200-room hotel is expected to open in Tilal Mall in 2021. The AED1.5 billion mall, which is due to open in 2020 as part of the wider mixed-use Tilal City project, will become the emirate’s largest shopping complex. The DoubleTree chain is set to make its first appearance in Sharjah in 2020 with the DoubleTree by Hilton Sharjah Waterfront Hotel & Suites.

Mena Hotels Makes its Dubai Debut 

Saudi Arabian-based Al Hokair Group has expanded its Mena Hotels chain to the UAE with the opening of a hotel in Dubai. The 90-room Mena Plaza Albarsah Dubai is close to the Mall of the Emirates. Including this latest opening, the Mena brand now has a portfolio of eight projects across Saudi Arabia, Jordan and the UAE.

Katerina Giannouka Named President Asia Pacific for Carlson Rezidor 

HVS London alumna, Katerina Giannouka has been appointed as president of the Asia Pacific region at Carlson Rezidor Hotel Group. "Asia Pacific is a key growth engine for Carlson Rezidor Hotel Group as we expand our presence and develop our successes," said John Kidd, Carlson Hotels’ executive officer and chief operating officer. "Katerina's dynamic and energetic leadership experience, complemented with business intelligence and a tenacious work ethic, are testament to her accomplishments in Asia Pacific and EMEA. I am confident that she will propel our Asia Pacific business to greater heights," he added. Katerina was previously head of development for Asia Pacific and China for Rosewood Hotel Group. Before this, she held roles with Starwood Hotels & Resorts Worldwide and HVS.

Absolute Share Price Performance Over the Past Week – 7-14 September 2017 

 

Whitbread – Citigroup downgraded Whitbread to "sell" from "buy".
 

 

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.

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