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Market Reports

Are Your Sustainability Initiatives Missing a Critical Component? A Perspective on Risk

Kevin A. Goldstein & HVS Sustainability Services | July 9, 2013

by Kevin A. Goldstein This article provides a perspective on key areas of risk relating to investment into utility efficiency projects and sustainability initiatives, and how owners / operators can minimize exposure during all phases of investment into their properties. Since re-launching our Sustainability practice in late 2011, HVS has contended that sustainability initiatives should focus on utility efficiency and be driven by the bottom line. We believe that a valid business case exists for numerous types of investments in building equipment and enhanced operating practices, and across the hospitality sector there are literally thou...

Owned by the Dalian Wanda Group, the 253-room DoubleTree by Hilton Chongqing-Wanzhou Opens in China

DoubleTree By Hilton | July 9, 2013

CHONGQING, Wanzhou, China, July 9, 2013 - DoubleTree by Hilton and Hilton Worldwide today announced the opening of DoubleTree by Hilton Chongqing-Wanzhou in China. The opening of the 22-story, 253-room hotel marks the first international full-service hotel brand to serve Wanzhou, known as the economic and transportation heart of Chongqing East. The hotel is operated by Hilton Worldwide and owned by the Dalian Wanda Group. "The opening of DoubleTree by Hilton Chongqing-Wanzhou is a pivotal moment in the tremendous growth and development of Wanzhou City, which is a vital hub of the Chongqing Municipality," said Bruce McKenzie, senior vice...

Serviced Apartments Sector Set to Grow Across Europe, According to HVS Report

HVS | July 9, 2013

July 9, 2013 - Serviced apartments are emerging as another growth sector across Europe, and one whose survival and expansion will depend on the concept appealing to an ever more cost-conscious consumer, according to a new report from HVS London. Straddling the traditional hotel stay and residential letting, serviced apartments are still a relatively new concept in Europe, despite the presence of international operators in the sector such as Accor and Marriott. At this week's inaugural Serviced Apartment Summit [8-9 July], being held at London's Andaz hotel, report co-author Arlett Oehmichen, director of HVS London, says that investors a...

Sercotel, the European Hotel Chain, Joins Hospitality Grapevine

Hospitality Grapevine | July 8, 2013

Hospitality Grapevine is excited to announce the addition of Sercotel, the European hotel chain, as part of the ever-expanding collection of Exclusive Hospitality Employee Travel Experiences. Industry professionals can now access Sercotel's collection of over 150 hotels and receive a discount in magnificent locations throughout Spain, Portugal, Colombia and Andorra. With a myriad of amenities and adventures including art, archeology, castles tours to water sports, golf and hiking experiences. This newest addition of offerings will enhance a European travel destination. To view the special Sercotel discounts and others, become a FREE mem...

White Lodging Assumes Management of Hilton Garden Inn and Hampton Inn in West Palm Beach, Florida

White Lodging Services Corporation | July 3, 2013

MERRILLVILLE, Ind., July 3, 2013 -- White Lodging is pleased to announce it has officially taken over the management of the Hilton Garden Inn and Hampton Inn hotels in West Palm Beach, Fl. The acquisition expands White Lodging's managed portfolio to 168 hotels, including 10 in Florida. "We are honored with the continued partnership and loyalty RLJ Lodging Trust has placed with White Lodging. These two additional hotels are now part of the 105 we manage for them," said Dave Sibley, President and CEO of White Lodging's Management Division. The hotels will be brought into the White Lodging portfolio under the leadership of Senior Regional ...

Chesapeake Hospitality Assumes Management of Hilton Garden Inn Fort Myers in Florida

Chesapeake Hospitality | July 3, 2013

GREENBELT, Md., July 3, 2013 -- Greenbelt, Md.-based Chesapeake Hospitality, one of the country's fastest growing third-party hotel management companies ranked in the top 50 largest independent U.S. operators, announced today that it has taken over management of the Hilton Garden Inn Fort Myers in Fort Myers, Fla. Kim Sims, president of Chesapeake Hospitality, made the announcement. Chesapeake's demonstrated expertise in managing property renovations will be critical to the immediate success of the hotel as the owners embark on a $3 million renovation project. Updates to the property will include a complete refresh of the 126 guest room...

EMEA Hotel Transaction Volumes Rise by 38% in the First 6 Months of 2013 Reports Jones Lang LaSalle

Jones Lang LaSalle | July 3, 2013

UK the most active transaction market with investment volumes equalling 41% of total EMEA volumes UK and France lead strong pickup in hotel transaction activity, particularly in Q1 2013. July 3, 2013 - Hotel investment volumes in H1 2013 in Europe, Middle East and Africa increased by 38% to €5.5 billion, when compared to H1 2012. This growth was primarily in Q1 2013 (+45%) and to some extent in Q2 2013 (+22%). The first half of 2013 re-emphasized the importance of Middle Eastern capital which almost tripled from €745 million in H1 2012 to €2.1 billion in H1 2013 (+282%). Key players were once again sovereign wealth funds from Qat...

Florida’s Fontainebleau Miami Beach Names Kevin Bryant as Director of Sales & Revenue Management

Fontainebleau Miami Beach | July 2, 2013

Miami Beach, Fla. (July 2, 2013) - Fontainebleau Miami Beach today announced the promotion of Kevin Bryant to the newly created position of Director of Sales & Revenue Management. Bryant joined Fontainebleau as Director of Revenue Management in 2007, becoming a key member of a sales team responsible for the re-launch of the iconic hotel following a $1 billion renovation. Bryant brings more than 16 years of hospitality experience to the position. In his new role, Bryant is responsible for maximizing the revenue profitability of the hotel by strategically managing the booking of guest rooms and meeting space. He directs a team comprised ...

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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