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Market Reports

Rim Hospitality to Manage the 140-room Aloft Denver Downtown Slated to Open in July 2014

Rim Hospitality | July 2, 2013

Newport Beach, Calif. - (July 2, 2013) - Rim Hospitality, one of the leading hotel management companies in North America, has added Aloft Denver Downtown, a ninth Starwood Hotels & Resorts Worldwide, Inc., property, to its growing portfolio. Managed by Rim Hospitality, the hotel is slated to open in July 2014 and will feature 140 spacious loft-like rooms, leading-edge technology and an energetic social atmosphere. "We are thrilled to expand our growing footprint in Denver and within Starwood Hotels & Resorts Worldwide, Inc.," stated Mark LeBlanc, senior vice president of development at Rim Hospitality. "We are honored to welcome...

European Budget Brands Face New Competition from Growth of Improved Hostel Offer, Says HVS Report

HVS | July 1, 2013

July 1, 2013 - Hotel groups straddling both the hostel and hotel markets are likely to emerge as new investment opportunities and become viable alternatives to budget hotels, according to a new report from global hotel consultancy HVS London. The report, The Sharing Market: Commercial Hostels in Europe, outlines the growing popularity of hostels and a movement by larger operators into this segment with hostels sitting alongside their more traditional hotel offer. The trend is typified by the recent takeover of Meininger by Cox & Kings, an acquisition designed to create a leading hotel group across the hotel and hostel market. "UK ho...

Shangri-La Hotels and Resorts is Set to Open the 424-room Shangri-La Hotel, Shenyang in China

Shangri-La Hotels and Resorts | June 27, 2013

HONG KONG, June 27, 2013 -- Shenyang's Imperial Palace is the inspiration for one of Shangri-La Hotels and Resorts' newest mainland China properties. The Hong Kong-based hotel company is preparing to debut a new five-star hotel in the historic city of Shenyang, which is home to the only other existing royal palace in mainland China after the Forbidden City in Beijing. Shangri-La Hotel, Shenyang will open along the city's "Golden Corridor" on 1 August, in time to host sports "royalty" during the 12th China National Sports Games being held there in September. Shangri-La has created one of its luxury oases to care for travellers in Shenyan...

Carlos Rodriguez of Driftwood Hospitality Talks Hotel Expansion in Miami-Dade, Florida

June 24, 2013

June 24, 2013--Carlos J. Rodriguez has been working in the hotel business in Miami-Dade for 17 years, so he's seen several boom-and-bust cycles. He formed Cardel Hotels in Miami in 1996, a company that merged with North Palm Beach-based Driftwood Hospitality Management 10 years ago. As executive vice president and partner at Driftwood Hospitality Management, Rodriguez is now overseeing a new booming period. Driftwood, a North Palm Beach business with an office in Coral Gables, designs, develops, staffs and manages hotels around the country and in Costa Rica. The company has plans to enter the Canadian market with a joint venture as well...

HVS Beijing Releases the China Hotel Investment Watch 2013: A China Overview

HVS | June 11, 2013

June 11, 2013 - HVS Beijing has announced the publication of the China Hotel Investment Watch 2013: A China Overview. HVS Beijing has announced the publication of the China Hotel Investment Watch 2013: A China Overview. The annual bilingual publication highlights the latest tourism and hotel trends for the country. Based on extensive HVS research, the publication provides insight, observations and projections regarding the China hotel arena. Some HVS findings include: China's economic development strategies for the future will include policies concerning people's livelihood, fair distribution of social wealth, expansion of the middle cl...

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