Global Hospitality Report (December 21, 2015)


Season's Greetings and Best Wishes for the New Year 2016

In Focus Hotel Market Reports – St. Louis, MO; Seattle, WA; and Hampton Roads, VA (Norfolk and Virginia Beach) 

In Focus Hotel Market Reports are prepared by HVS regional experts who are performing on-the-ground consulting and valuation assignments on a daily basis. These new HVS reports will help boost your due-diligence productivity and are available at a reasonable price of $495 per report. This week we announce the release of the following reports: In Focus: Seattle, WA highlights Seattle’s economic growth over the past decade and the addition of more than 5,000 new hotel rooms, which are poised to enter the market in the near term. In Focus: Hampton Roads, VA (Norfolk and Virginia Beach) discusses the economic growth in Norfolk and Virginia Beach, as well as the entire Hampton Roads MSA, which resulted in a market-wide occupancy in the mid-50s in 2014. In Focus: St. Louis, MO reviews the reasons behind rising levels of hotel demand in St. Louis, reflecting the city’s growing appeal and economic diversity over the past decade.

Meluha – An ECOTEL Hotel: Translating Sustainability 
By Avantika Singh and Harinakkshi Nair

The Meluha, an ECOTEL Hotel, in Mumbai makes sustainability integral to the company's business strategy. The article focuses on the strategies used by the hotel for conservation of resources and reduction in landfill waste with concomitant savings.

Carlson Rezidor Enters into a Multi-Property Deal in Jammu and Kashmir, India 

Carlson Rezidor has joined hands with Mushtaq Group of Hotels to open seven hotels in the northern Indian state of Jammu and Kashmir. The portfolio agreement comprises 817 rooms across seven hotels under the Radisson Blu, Radisson and Country Inn & Suites By Carlson brands. The hotels will be located in Srinagar (89-room Radisson expected to open in the fourth quarter of 2016 and a 225-room Radisson Blu scheduled to open in the second quarter of 2020), Jammu (55-unit Country Inn & Suites By Carlson anticipated to open in the third quarter of 2017), Pahalgam (118-key Radisson Pahalgam Golf View Resort scheduled to open in the third quarter of 2018), Sonamarg (100-key Country Inn & Suites By Carlson expected to open in the fourth quarter of 2018), Gulmarg (80-key Country Inn & Suites By Carlson expected to commence operations in the first quarter of 2020) and Tangmarg (150-room Radisson Blu Resort expected to open in the fourth quarter of 2021). This deal will position Carlson Rezidor Hotel Group as the largest international hotel operator in Jammu and Kashmir.

Amsterdam Airport Finds a New Hilton Under its Tree  

Hilton Worldwide has opened its long-awaited new Hilton Amsterdam Airport Schiphol property in the Netherlands. The 433-room hotel, which was developed and is owned by Schiphol Real Estate, was constructed at the airport adjacent to the previous Hilton Amsterdam Airport Schiphol hotel, which opened in 1972 and closed last month to make way for its state-of-the-art successor. Hilton now has six hotels in operation in Amsterdam. Commenting on its latest opening, the group's executive vice president and president for Europe, the Middle East and Africa, Simon Vincent, said, "Today, Hilton Worldwide has more than 38 properties at European airport locations, with many more at prime transport hubs across the globe."


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