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HVS Europe Hotel Transactions Bulletin Week Ending 14 February 2025
Dr. Lohbeck acquires Hotel Schwarzmatt in Germany’s Black Forest from Rona Mast A summary of European hotel transactions provided by HVS Hyatt acquires three hotels on Tenerife in Spain from Blantyre Capital Hyatt Hotels & Resorts has acquired three hotels on the Canary Island of Tenerife in Spain from London-based investment firm Blantyre Capital, for a reported €120 million (€109,700 per room).
La Quinta Inns & Suites Myrtle Beach N Kings Hwy in Myrtle Beach, SC Listed for Sale
La Quinta Inns & Suites Myrtle Beach N Kings Hwy - Image Credit Wyndham CBRE Hotels is soliciting offers to acquire the fee-simple interest in the corporate-owned La Quinta Inns & Suites in Myrtle Beach, South Carolina. Located off Kings Highway and just two blocks from the beach, the hotel is within minutes from the Broadway at the Beach, the Pelicans Ballpark, the John T. Rhodes Myrtle Beach Sports Center, and several restaurants and recreation area.
SpringHill Suites Houston The Woodlands in Woodlands, TX Listed for Sale
SpringHill Suites Houston The Woodlands - Image Credit CBRE CBRE Hotels, as sole and exclusive agent of the owner, has been engaged to offer for sale the fee simple interest in the 138-room SpringHill Suites Houston The Woodlands.
Extended Stay America Suites Houston-Spring-The Woodlands in Houston, TX Listed for Sale
Extended Stay America Suites Houston-Spring-The Woodlands - Image Credit HVS HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 142-key Extended Stay America Suites Houston-Spring-The Woodlands. This offering presents an excellent opportunity for an investor to acquire an efficient, strong cash-flowing, extended-stay hotel asset in Spring, Texas, near the highly desirable market of The Woodlands.
Insights from HVS Asia Pacific Hospitality - Week's Highlights Ending 14 February 2025
Lun Family Sells Hong Kong’s Winland 800 Hotel to Airport Authority Hong Kong for HKD765 Million Cairns, Australia Sees a New AUD750 Million Mixed-Use Development Next to Cairns Convention Centre Australia-based Mayan Resources and Gasparin Group are set to commence construction of an AUD750 million luxury mixed-use project in heart of Cairns, Australia known as C3 Cairns (“C3”).
Radisson Resort Khopoli Opens, Expanding Radisson's Presence in Maharashtra
Radisson Resort Khopoli - Image Credit Radisson Hotel Group Radisson Hotel Group has announced the opening of Radisson Resort Khopoli in Maharashtra, India. This new addition to Radisson's portfolio in the state further strengthens its presence in Maharashtra, joining other established brands such as Radisson Blu, Park Inn by Radisson, and Country Inn & Suites. The resort is conveniently positioned near the cities of Mumbai and Pune, providing guests with a rejuvenating retreat from urban life.
Embracing Technological Innovation: The Key to Overcoming Rising Costs and Labor Shortages in the Hotel Industry
Embracing Technological Innovation: The Key to Overcoming Rising Costs and Labor Shortages in the Hotel Industry - Image Credit Unsplash The hotel industry is grappling with rising costs and labor shortages, and leaders are advocating for more technological innovation and investment to tackle these issues. Despite the challenges, industry leaders remain optimistic about the potential of technology, particularly artificial intelligence, to improve operational efficiency and investment strategy.
IHCL Expands Presence in Uttarakhand with Naukuchia House
Naukuchia House – an IHCL SeleQtions resort in Uttarakhand - Image Credit IHCL IHCL announces the opening of Naukuchia House, a new property in Uttarakhand, marking their fifth collaboration with Leisure Hotels Group since 2013. The Indian Hotels Company Limited (IHCL) recently announced the launch of Naukuchia House – an IHCL SeleQtions resort in Uttarakhand.
Fourth Generation of Riu Family Assumes New Roles in RIU Hotels & Resorts
Fourth Generation of Riu Family Assumes New Roles in RIU Hotels & Resorts - Image Credit RIU Hotels RIU Hotels & Resorts continues with the generational transition plan initiated with Carmen Riu's retirement in July 2024. The company’s current CEO, Luis Riu, is introducing the next phase of the process, involving the fourth generation of the Riu family more heavily in the company’s operational and commercial sectors.
How Can Google Analytics Help My Hotel?
How Can Google Analytics Help My Hotel? - Image Credit TravelBoom Marketing Google Analytics is an essential tool for hotels looking to optimize marketing strategies, boost bookings, and enhance guest satisfaction. By analyzing data on guest preferences, browsing behaviors, and interests, hoteliers can make data-driven decisions to refine their campaigns and improve overall performance.
Yann Decaix and Wim Fagel Take the Helm at New NH Collection Hotels & Resorts Propertie in Sri Lanka
Yann Decaix, General Manager of NH Collection Colombo Hotel, and Wim Fagel, General Manager of NH Bentota Ceysands Resort - Image Credit Minor Hotels Minor Hotels recently expanded its portfolio with two new properties and introduced the NH Collection Hotels & Resorts brand in Sri Lanka. To oversee these significant developments, Yann Decaix and Wim Fagel have been appointed as General Managers of NH Collection Colombo Hotel and NH Bentota Ceysands Resort respectively.
Hyatt Launches Asia Pacific Meetings & Events Alliance
Grand Hyatt Incheon - Image Credit Hyatt To simplify and enhance the multi-year, multi-city event planning process, Hyatt has announced the launch of the Hyatt Asia Pacific Meetings & Events Alliance. This strategic initiative expands on the success of the Hyatt Convention Alliance, Hyatt Wellness Alliance and Hyatt Resort Alliance in the United States.
How to List Vacation Rentals on Multiple Sites (+ What Tool to Use)
How to List Vacation Rentals on Multiple Sites (+ What Tool to Use) - Image Credit Lighthouse Wouldn’t life be nice if you could bring your goods or services to market through one simple channel? It certainly would, but it’s not the reality in most lines of business. And in a competitive vacation rental business, relying on a single platform certainly isn’t enough. To survive and thrive, you need to deploy a multi-channel distribution strategy.
Sex Trafficking Lawsuit Alleges Complicity of Hawthorne Suites Extended Stay by Wyndham Hotel
Sex Trafficking Lawsuit Alleges Complicity of Hawthorne Suites Extended Stay by Wyndham Hotel Hawthorne Suites Extended Stay by Wyndham Hotel in Dallas County, Texas, is under legal scrutiny in a sex trafficking lawsuit filed on behalf of a 16-year-old girl. The lawsuit claims the hotel knowingly facilitated illegal activities in the case.
U.S. Hotel Profits Rise in 2024 Despite Rising Costs and Inflation Original
U.S. Hotel Profits Rise in 2024 Despite Rising Costs and Inflation - Image Credit Unsplash U.S. hotel industry profits saw growth in 2024, but the increase was constrained by rising labor costs and inflation. Miami showed the highest growth in Gross Operating Profit Per Available Room (GOPPAR) and Total Revenue Per Available Room (TRevPAR) among the top 25 markets.
Live! Casino & Hotel Louisiana: A $270+ Million Game-Changer in Shreveport-Bossier Market Celebrates Grand Opening
Live! Casino & Hotel Louisiana - Image Credit The Cordish Companies Live! Casino & Hotel Louisiana - Image Credit The Cordish Companies The Cordish Companies celebrated the grand opening of Live! Casino & Hotel Louisiana, a $270+ million resort destination. The event marks the launch of the first land-side casino in the Shreveport-Bossier market, heralding a transformative moment for gaming and hospitality in the four-state region.
Baltimore Hotel Market 2025+ Outlook - By David Fuller Original
This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR). The report highlights the positive impact of the removal of approximately 2,500 hotel rooms from the downtown supply and discusses the potential for improved hotel performance in 2025.
Homewood Suites By Hilton Houston NW at Beltway 8 in Houston, TX Listed for Sale
Homewood Suites by Hilton Houston NW at Beltway 8 - Image Credit HVS HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 125-key Homewood Suites by Hilton Houston NW at Beltway 8, a highly coveted extended-stay hotel located in Northwest Houston.
Hilton to Open First DoubleTree Hotel in Bhopal in Partnership with Sage Group
(L-R) – Dr Prashant Jain, pro-chancellor, Sage University Indore & Bhopal; Er. Sanjeev Agrawal, chairman and managing director, Sage Group; Shivani Agrawal, executive director, Sage Global Enterprises Pvt.
La Quinta Inn & Suites by Wyndham Pasadena North in Pasadena, TX Listed for Sale
La Quinta Inn & Suites by Wyndham Pasadena North HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 63-key La Quinta Inn & Suites by Wyndham Pasadena North, a limited-service hotel asset in Pasadena, Texas. A more “hands on” investor will have the ability to realize the significant upside… Read further. #hotel #hoteltrade #hotelnews
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