Global Hospitality Report (November 9, 2015)

Remarkable Boom In The South Florida Hotel Market 
By Kathy Conroy

Just when we thought South Florida couldn’t get any hotter, it is. Miami-Dade, Broward and Palm Beach hotels are all celebrating record-breaking years in ADR, occupancy and RevPar, according to HVS Miami’s Kathy Conroy, MAI.

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Mercury Rising on the Spanish Hotel Market - Hotel and Tourism Highlights 
By Nicole Perreten and Pavlos Papadimitriou

This article considers some of the key trends we have seen in both urban and resort markets in Spain over the last few months. We focus more specifically on Madrid and Barcelona, as well as Marbella, Ibiza and Tenerife as prime examples.

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Santa Monica Hotel Market Update 
By Ester Wan

Driven by the tourism and tech industries, Santa Monica’s lodging market continues to boom, reaching record levels. Investors are eager to enter the market as they look toward redevelopment and new build opportunities.

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Canadian Lodging Outlook - 3rd Quarter, 2015 

With year-to-date through September RevPAR seeing growth of 6.9%, the outlook for Canada’s lodging market is positive. Regarding major hotel market performance, Vancouver has the highest RevPAR increase year-to-date of 18.6%.

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Melia Signs Three Hotel Deals in Thailand  

Melia Hotels International has joined hands with TCC Land Asset World, one of the largest business conglomerates in Thailand, to open three hotels over the next three years. Both companies have strengthened their relationship since the opening of the Melia Hanoi Hotel in Vietnam in 2010, which has now led to a strategic agreement for future developments. In the first three years of the agreement, the two companies will develop three hotels, namely, a Sol Beach House in Koh Samui, a luxury lifestyle hotel under the ME by Melia brand in Bangkok and a luxury all-inclusive Paradisus resort in one of the top holiday destinations in Thailand. The agreement marks Melia’s entry in Thailand and paves the path for long-term growth in the nation, especially in destinations such as Bangkok, Koh Samui, Phuket and Pattaya, as well as in other countries.

HVS APAC HOSPITALITY NEWSLETTER.
Host Hotels & Resorts Sells European Portfolio  

In partnership with Algonquin SA, a joint venture between UK-based Benson Elliott and US-based Walton Street Capital has acquired a portfolio of eight hotels (2,308 rooms) across seven major European cities from Host Hotels & Resorts' European Joint Venture for €420 million. The hotels included in the deal are the 396-room Pullman Paris Centre – Bercy in France; the 185-room Westin Europa & Regina Venice, the 227-room Westin Palace Milan and the 640-room Sheraton Rome in Italy; the 350-room Sheraton Warsaw in Poland; the 192-room Lé Meridien Grand Hotel Nuremberg in Germany; and the 57-unit Marriott Executive Apartments and the 262-room Renaissance Hotel in Brussels, Belgium. HVS advised the lender.

HVS EMEA HOSPITALITY NEWSLETTER.

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