Global Hospitality Report (September 29, 2014)

In Focus: European Golf Resort Investment - Doing the Rounds 
By Harry Douglass

This article will be of interest to stakeholders in new golf resort developments as well as existing schemes as we focus on transactions across Europe since 2008, which demonstrate a structural change in the ownership market.

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In Focus: Nashville, Tennessee 
By J. Carter Allen and Jai Patel

Demand and rates are soaring in Nashville, and the city’s hotel market leads the nation in RevPAR growth, despite a recent rise in supply. With nearly 600 more rooms under construction, will hotel performance in Nashville continue to keep pace?

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In Focus: 2014 HVS Greater New Orleans Lodging Report 
By Adam Lair

In the past four years, New Orleans has re-emerged as a hospitality hotspot on par with the nation’s top markets. A series of major developments and investments have supported strong hotel performance in the city. Will it hold out over the long term?

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Market Pulse: Montenegro 
By Nikolas Pavlidis

This summary report highlights the recent trends in Montenegro's tourism industry.

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Impact of Chinese Investment and Tourism on the Vancouver Lodging Industry 
By Duncan Chiu

Centuries of Chinese immigration has led to the current surge in tourism and investment in the city. This first installment of a three-part series examines how history has created a roadmap for Chinese investment and tourism in Vancouver.

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The Caribbean Hotel Investment Conference & Operations Summit (CHICOS) | Nov 2014 

Hosted by HVS, CHICOS 2014 will feature discussion panels and workshops that focus on key subjects impacting the investment climate in the Caribbean such as sources of capital; major markets for investment; profitability of sustainable hotels; and much more. Scheduled for November 13-14, 2014 at the Hard Rock Hotel & Casino in Punta Cana, Dominican Republic, CHICOS will bring together more than 300 delegates comprising regional and international investors, operators, as well as the Caribbean’s leading decision makers. To date, confirmed speakers include government representatives, opinion leaders, developers, bankers and lenders, in addition to CEOs and regional Presidents from Marriott International, CPG Real Estate and Interval International, among others.

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Redefine Buys Edinburgh DoubleTree 

London-based Redefine International has purchased the DoubleTree by Hilton Hotel Edinburgh City Centre, in Scotland, for £25.27 million (£183,100 per room). The five-storey, 138-room hotel is to be let to Redefine Hotel Management Ltd. The sale, which also includes the separate heritable title of the Chanter public house in the building’s ground and basement floors, represents a net initial yield of 6.9%. Commenting on the deal, Redefine International’s chief executive officer, Mike Watters, said, “The transaction was structured on a conditional basis subject to a no vote in the Scottish referendum. Now that the uncertainty surrounding this has been removed we are very pleased to have secured this opportunistic investment…”

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