Global Hospitality Report (December 15, 2014)

In Focus: Dublin, Ireland 
By Louise Fury and Arlett Hoff

Part of a series of articles that HVS produces with STR Global, this report provides a snapshot of the Dublin hotel market, including supply and demand, hotel performance and the latest hotel transactions in the market.

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In Focus: Milan, Italy 
By Ezio Poinelli and Paolo Buffa di Perrero

This article summarizes the recent tourism trends in Milan, Italy and depicts the likely impact EXPO 2015 will have on the city's tourism industry.

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Market Pulse: Serbia 
By Nikolas Pavlidis

This article summarizes the recent tourism trends in Serbia.

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Three Key Takeaways | North America Hotel Investment Conference 2014 
By McKenna Luke, MAI and Meghan Larmore

Hotel stakeholders shared a diversity of insights into the U.S. hotel industry trends ranging from innovative brands to today’s tech-savvy travelers. Overall, hotel performance is high, buoying optimism among hoteliers as the industry heads into 2015.

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Twentieth Century Fox World Theme Park to Open in Malaysia by 2016 

Genting Malaysia Bhd, developer of resort destinations (Resorts World Brand of Resorts) announced that the world’s first Twentieth Century Fox World Theme Park will open by 2016 at a cost of RM1 billion (US$287 million), replacing the previous outdoor theme park, which ceased operations in September 2014. The 25-acre theme park will be part of Malaysia’s Resorts World Gentings, and Genting Malaysia’s RM5 billion ‘10-year Integrated Tourism Plan’ in order to strengthen the destination’s position as a major tourist hub. The first phase of development will see a new 1,286-room three star hotel come up adjacent to the existing First World Hotel in the first half of 2015, and a facelift to the existing five hotel properties. New retail facilities and transport infrastructure, including a new cable car station, will be part of the second phase of the development. With these, Gentings forecasts an increase of six million visitors annually by 2018 and an increase of another 10 million by 2020, which will contribute significantly to Malaysia Transformation plan that aims to attract 36 million tourist arrivals by 2020.

HVS APAC HOSPITALITY NEWSLETTER.
HVS Hodges Ward Elliott Advises Invesco On Pullman Paris Sale  

Acting on behalf of one of its dedicated hotel funds, Invesco Real Estate has sold the Pullman Hotel Paris La Defense to an affiliate of the Qatar Armed Forces Investment Portfolio for an undisclosed sum. Accor will continue to operate the 328-room hotel under a long-term lease agreement. HVS Hodges Ward Elliott represented Invesco on the transaction.

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