EMEA Hospitality Newsletter – Week Ending 27 October 2017 (October 27, 2017)

Hampton by Hilton Hops into Edinburgh 

Hilton Worldwide’s Hampton chain has made its debut in the Scottish capital with the opening of the Hampton by Hilton Edinburgh West End, bringing the number of Hampton by Hiltons in the UK up to four. The 228-room hotel is at the heart of the city centre, just seven miles from Edinburgh Airport and within walking distance of Edinburgh International Conference Centre.

Carlson Rezidor Books a Venetian Gondola for Its Radisson Blu Brand 

Carlson Rezidor Hotel Group has signed an agreement that will see it makes its first appearance in Venice, Italy. The Radisson Blu Hotel, Venice San Marco will be developed on the canal-side in the inner part of the city’s San Marco district, close to the famous Saint Mark’s Square. The 50-room hotel is scheduled to open by the end of 2019.

UK Holiday Inn Hotel Sold 

Asian-based investment fund CL Capital has purchased the Holiday Inn Birmingham – Walsall M6, Jct.10 in the UK from insurance group Canada Life off a guide price of £6.85 million (£43,900 per room). The 156-room hotel, close to the city of Birmingham, recently underwent an extensive refurbishment of its guest rooms and public spaces.

Hyatt House Plans to Take Up Residence in Frankfurt… 

An affiliate of Hyatt Hotels Corporation has entered into a franchise agreement with HR Group for an extended-stay Hyatt House property in Frankfurt, Germany. The Hyatt House Frankfurt/Eschborn is scheduled to open in late 2019 in the city’s economic and financial centre. The 190-key hotel is owned by benchmark. REAL Estate Development GmbH and HR Group will lease and manage the property. The Hyatt House chain made its debut in Germany with the Hyatt House Düsseldorf/Andreas Quarter. Hyatt currently has seven hotels in operation across Germany overall.

…As Moxy Makes It Three  

Moxy, Marriott International’s design-driven lifestyle brand, has opened its seventh hotel in Germany: the Moxy Frankfurt East. The 220-room hotel is the third Moxy-branded property in operation in the central German city of Frankfurt. Moxy has a further 16 properties in its pipeline for Germany, due to open by the end of 2019.

Autograph Collection Opens in Florence 

Marriott International has welcomed a fourth Italian property to its Autograph Collection of independent hotels with the reopening of the Sina Villa Medici following a nine-month refurbishment. The 99-room Sina Villa Medici, Autograph Collection is housed in a historic 19th-century former residence at the heart of Florence, and was Sina Hotels’ first ever hotel. The hotel is the first Autograph Collection property in Florence and joins sister hotels in Milan, Rome and Venice.

Leonardo Hotels Continues to Expand in Hamburg 

Following the completion of a purchase contract, Leonardo Hotels is to take over the Gresham Carat Hamburg in Germany. The 94-room hotel, in Hamburg’s Veddel neighbourhood, will be reflagged as the Leonardo Hotel Hamburg Elbbrücken. “The expansion of our portfolio with the sixth establishment in Hamburg is something we’re very happy with, and highlights out expansion plan for Hamburg,” said Daniel Roger, managing director of Leonardo Hotels Europe. “The dynamic, attractive nature of Hamburg holds further potential for new projects – we still have big plans,” he continued.

Tanzania Gets its First Four Points by Sheraton 

Marriott International’s Four Points by Sheraton brand has made its first appearance in Tanzania, East Africa, with the opening of the Four Points by Sheraton Arusha, following the renovation and rebranding of the 123-year-old Arusha Hotel. The 106-room hotel is in Arusha’s central business district, steps away from the city’s famous clock tower. “Our vision is to reinvent the definition of travel, transforming the hotel into a preferred choice for guests whether on business or adventure,” said the hotel’s general manager, Upjeet Singh Sahota.

Six Senses Announces a Resort for Israel 

Bangkok-based luxury resort and spa company Six Senses has announced its first project for Israel. The Six Senses Shaharut is expected to open in late 2018 in Shaharut, to the south of the Negev Desert, with 58 suites and villas. The 46-acre development is a 60-minute drive from the Red Sea resort of Eliat. “We are very excited to announce this magical Six Senses project in the desert of Israel. Working with Arava Vineyards Ltd on Six Senses Shaharut allows us to align with a company that shares our vision of sustainability and wellness", said the group’s chief executive officer, Neil Jacobs. “We could not ask for a better partner or a more perfect setting to showcase the best of Israel as Six Senses in southern Israel,” he added.

Four Seasons Announced for Mecca 

Four Seasons Hotels and Resorts and Middle Eastern developer Jabal Omar Development Company have announced plans to open a Four Seasons property in Mecca as part of the mixed-use Jabal Omar real estate development. The Four Seasons Hotel Makkah, which will be adjacent to the city’s Grand Mosque (Al-Masjid Al-Ḥarām), will have 375 guest rooms and suites and approximately 90 Four Seasons-branded private residences. The hotel will be the group’s second property in Saudi Arabia, joining sister hotel the 274-room Four Seasons Hotel Riyadh at Kingdom Centre.

More Ramada for Riyadh 

Riyada International Hotels & Resorts, the master franchisor of Wyndham Hotel Group’s Ramada brand in Saudi Arabia, and Concept Towers Real Estate Limited plan to develop a new Ramada property in the Saudi Arabian city of Riyadh. The 189-room Ramada Riyadh King Fahd Road is expected to open in 2020 and will become the 11th Ramada-branded hotel in the country. Wyndham currently has three hotels in Riyadh, one of which is a Ramada property; the group has 12 hotels in operation across the Kingdom overall and a further six under development.

Absolute Share Price Performance Over the Past Week – 19-26 October 2017 

 

Rezidor Hotel Group – On a like-for-like basis third-quarter revenue increased by 3.6%.

Scandic Hotels – Third-quarter adjusted EBITDA amounted to SKr622 million.

 

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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