EMEA Hospitality Newsletter – Week Ending 10 November 2017 (November 11, 2017)

Mövenpick to Move into The Hague 

Switzerland-based Mövenpick Hotels & Resorts has signed a lease agreement with German real estate asset manager Deka Immobilien for the Mövenpick Hotel The Hague in the Netherlands. The 72-room hotel is scheduled to open in 2019 and will be the group’s second hotel in The Hague and its fourth in the Netherlands overall. Additionally, Deka Immobilien has renewed the existing lease for the 408-room Mövenpick Hotel Amsterdam City Centre for more than 30 years. “Securing a lease for the Mövenpick Hotel The Hague not only bolsters our European expansion plans, but marks the first time we have signed a new hotel and renewed a lease for an existing hotel simultaneously,” said Olivier Chavy, Mövenpick’s president and chief executive officer.

Australian Group on a Quest to Liverpool 

Australian firm Quest Apartment Hotels has announced plans to make its deubt in the UK with a property in Liverpool, northwest England. The Quest Liverpool City Centre is scheduled to open in 2019 as the result of the conversion of vacant office space on three upper levels of a building on Church Street along with the extension of two new storeys. The Quest Liverpool City Centre will have 100 serviced apartments, a conference room and a gym. Some £10 million will be invested in the project.

Dalata to Open a Clayton Hotel in Glasgow 

Dalata Hotel Group has announced plans to open its first Clayton property in Scotland in Glasgow city centre. The four-star, 300-room hotel, which is subject to planning permission, is planned to open in late 2020 within the restored Grade A-listed Custom House building, and it will be part of a wider mixed-use project. Dalata will operate the property under a 35-year lease. Dalata currently has seven hotels in operation in the UK.

Hyatt House Sets Up Home in Turkey 

The Hyatt House Gebze opened this week, marking the brand’s first appearance in Turkey. The 158-room hotel is ten miles from Sabiha Gökçen International Airport and approximately 40 miles southeast of Istanbul. Hyatt Hotels now operates five hotels across the country overall and Hyatt House Gebze is the second of its brand to open in Europe, joining the 102-key Hyatt House Düsseldorf/Andreas Quarter. The Hyatt House chain, which was launched in 2012, provides services and amenities aimed at reminding guests of home.

Sheraton Opens in Nizhny Novgorod 

Marriott International’s Sheraton Hotels & Resorts chain has made its debut in the Russian city of Nizhny Novgorod with the opening of the Sheraton Nizhny Novgorod Kremlin. The 176-room hotel is in the city’s historic quarter, a short walk from the Nizhny Novgorod Kremlin and a 30-minute drive from the airport. “The opening of Sheraton Nizhny Novgorod Kremlin highlights our promise to enhance and develop our portfolio in the Russian market, while reinforcing the brand’s position as a leader in global travel,” commented John Licence, Vice President Premium and Select Brands Europe for Marriott. Overall, Marriott currently operates 25 hotels across Russia under ten brands.

Order Your HVS Guide to Hotel Management Contracts Today! 

The HVS Guide to Hotel Management Contracts presents the results of an extensive review of hotel management agreements conducted across the Americas (USA, Canada and South America), Europe, the Middle East, Africa (EMEA), and the Asia Pacific (APAC) regions, in addition to offering an in-depth understanding of the key terms and clauses of such agreements. It covers ten principal areas of discussions – management contract term, territorial restrictions, operator fees, operator performance test, budgeting, owner approvals, employees, indemnification, operator investment in property and termination of the agreement – which are considered critical for owner-operator negotiations. Furthermore, the substantive document includes exclusive HVS insights on key contract provisions supplementing the results of an invaluable and extensive survey that truly offer a global perspective by highlighting the common as well as unique trends in the primary geographies of the world. The global survey sample set comprises 475 hotel management contracts representing close to 120,000 rooms and 55 first-tier (branded) hotel management companies, in addition to several second-tier (third-party) management companies and few independent operators. You may order the full guide and survey report, or just a regional report; please select your preferred option prior to making the purchase. VIEW EXCERPTS|ORDER HERE.

One&Only on its Way to Greece 

Kerzner International Holdings Ltd has entered into a partnership with Dolphin Capital Parners and Dolphin Capital Investors for a luxury lifestyle resort on the Greek island of Kéa, part of the Cycaldes Islands in the Aegean Sea. The One&Only Kéa Island will be situated across a 65-hectare beachfront site on the island’s west side and will have 75 villas as well as One&Only-branded private residences. The project will become Europe’s second One&Only resort.

A Second Four Points by Sheraton Opens in Nairobi 

Marriott International has opened its second Four Points by Sheraton property in Nairobi, Kenya – the Four Points by Sheraton Nairobi Airport. The 172-room hotel, which overlooks both the airport and Nairobi National Park, joins sister property the Four Points by Sheraton Nairobi Hurlingham, which opened earlier this year in the city’s central business district.

Holiday Inn to Hop into Cape Town 

InterContinental Hotels Group (IHG) has announced plans for its first Holiday Inn hotel in Cape Town, South Africa, in partnership with Leisure Hotel Holding Ltd. The 242-room Strand Tower Hotel, in the city’s central business district, is due to be rebranded as a Holiday Inn property later this year. “This partnership is aligned with the strategic expansion of the Holiday Inn brand as well as growing IHG’s overall footprint in South Africa,” said Rajit Sukumaran, IHG’s chief development officer for Asia, the Middle East and Africa.

AccorHotels Announces a Dual-Branded Hotel Complex in Ivory Coast 

French group AccorHotels has signed a management agreement with Noral for a hotel complex in Abidjan, on Ivory Coast’s southern Atlantic shore. The complex will include the 200-room Novotel Abidjan Marcory and the 110-unit Adagio Abidjan Marcory. Expected to open in 2020, the development, at the heart of the city’s Marcory district, will mark the debut of AccorHotel’s Adagio Aparthotel chain in Africa and the second Novotel hotel in Ivory Coast.

It's TIME for a New Resort in Jeddah 

Dubai-based TIME Hotels will be launching its first resort this December. The TIME Beach Villas Resort in Jeddah, Saudi Arabia, which will have 61 units, will be a 20-minute drive from Jeddah International Airport and the city centre. The resort is TIME’s first property in Saudi Arabia. The group currently has seven properties in operation across Dubai and Sharjah.

Absolute Share Price Performance Over the Past Week – 2-9 November 2017 

 

Hyatt Hotels – Net income attributable to Hyatt for the third quarter of 2017 was US$16 million.

Marriott International – Third-quarter reported net income totalled US$392 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.

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

HVS.com