04 Mar 2015
Breaking News from IHIF 2015
BERLIN (3 March, 2015): Over 2,000 delegates from 70 countries are currently gathered at The International Hotel Investment Forum (IHIF). Recognised as the leading meeting place for the hotel industry, IHIF is known throughout the hotel investment world as the place where deals are done. The globally acclaimed conference is also the forum where companies choose to break their latest news. Having the hotel community in one place makes IHIF the ideal arena to share breaking news on acquisitions, openings, appointments and launches. The latest breaking news from day two of IHIF 2015 includes:
CBRE Hotels announce they have completed the sale of six hotels across Spain on behalf of Melia Hotels International to US based Starwood Capital Group for €176 million. The hotels, all branded under Melia's Sol brand, are located in popular Spanish tourist destinations. A recent report by CBRE Hotels into the Italian hotel market found the total volume of hotel transactions in Italy exceeded €500 million during 2014. This positive trend is set to continue in 2015 as strong international investor interest for the Italian marketing continues to gain momentum. The group has recently appointed Francesco Calia to lead the hotels business in Italy.
Accor have today announced that the first Adagio will open in Frankfurt in 2016. This will be the fourth Adagio in Germany and its location, close to the Frankfurt Exhibition Center, will make it particularly attractive for business travellers.
Best Western announced, during IHIF 2015, the launch of two new hotel development offerings. The first, a boutique, technology-centric and stylish offering, Vīb, has been created to meet the needs of today's traveller. Vīb will provide in room work spaces, gaming pods, a large relaxation area and 24/7 grab-n-go food and beverage stations. Also announced was the groups first soft brand, the BW Premier Collection, which will consist of carefully selected high-quality hotels in primary markets. The first hotel has already joined, the Hotel Mäster Johan, in Malmö, Sweden.
Oaktree Capital, a leader among global investment managers, has launched BEYONDER - the new Aparthotel concept. The group currently have ten properties, with over 945 apartments, in major cities such as London, Edinburgh, Aberdeen, and Dublin, right in the heart of the business and cultural district and are actively looking for further investments in the UK and Western European properties, either by way of forward commitment to brand new developments, conversion opportunities or currently trading buildings.
Carlson Rezidor announced its continued development across Africa by confirming the historic Radisson Blu Hotel du 2 Février will open in Lomé, the capital of Togo, in late 2015.
A new report from Christie + Co, launched at IHIF Berlin, suggests southern European countries may be able to reach a turning point as improving trading will make them a focus of investment activity in the next few years.
The hotel industry is going through a period of unprecedented, irreversible change. A new Grant Thornton report sheds light on some of the questions facing the sector – how will hotels attract the business and leisure guests of tomorrow? How can they compete in a digital world? And what will their future business models look like? Drawing on interviews with international hotel operators and futurists this report provides guidance on how to prepare for the customer-led economy of 2020. Hotels 2020: Welcoming tomorrow's guests can be downloaded from www.grantthornton.global/hotels
Hilton Worldwide used IHIF to announce the European debut of Curio – A Collection by Hilton. The Reichshof Hamburg and Rumeli Han Istanbul are currently undergoing major renovation and restoration and due to open in 2015 and 2017 respectively. Hilton announced today that they have signed an agreement to open the largest Hampton by Hilton. The 344 bedroom hotel will be located in the central Alexanderplatz area of Berlin and will open in 2018. The group also announced the opening of the first Hilton hotel in the Democratic Republic of Congo. The Doubletree by Hilton, previously the French embassy building, is due to open in Kinshasa, the capital of the DRC.
InterContinental Hotels Group (IHG®) today unveiled at IHIF its 'next generation' guest experience for the Holiday Inn® brand in Europe. Based wholly on guest insight, Holiday Inn Express's next generation is being developed with industry-leading experts to meet the changing needs of today's European 'Smart Traveller'. In order to stay ahead of this target guest's expectations, the overall guest experience, the design of the hotel lobby, dining area and guest rooms are being revolutionised, the brand's service delivery completely revamped, a new food and beverage concept tested and the latest technology piloted. The 'next generation' for Holiday Inn Express will be launched in Europe and adapted for new build hotels and properties undergoing renovation. IHG® also announced today at IHIF the signing of a multiple development agreement (MDA) with Interstar to develop 10 hotels by 2019. The first hotel under the agreement to be signed is Holiday Inn® Frankfurt – Airport. IHG's growth strategy continues to gain momentum in Germany with over 85 hotels currently either open or planned under MDA agreements.
JLL Hotels & Hospitality Group announced at IHIF 2015 they have been appointed sole agent to sell London's iconic JW Marriott Grosvenor House Hotel. The hotel is Mayfair's largest with 494 bedrooms and spans 56,700 sq. m. in total. The group also announced they recently advised on the sale of Le Méridien Munich hotel which represents the largest single asset hotel deal in Germany for 15 years. The hotel was sold for €158 million to German open ended property fund DEKA I. A recent report by JLL Hotels and Hospitality Group found Europe to be the world's most attractive hotel investment destination. Strong returns, fair value and availability of debt will all contribute to EMEA seeing close to $25billion in hotel transactions in 2015 as projected by the group.
Jumeirah Group, the global hotel company and a member of Dubai Holding, has signed a management agreement with Targets Investment Turizm Isletmeleri AS to operate a luxury hotel in Bodrum on Turkey's Aegean coast. The group also announced it has signed an agreement with His Highness Sheikh Suroor bin Mohammed Al Nahyan to operate a luxury Jumeirah resort on Sa'adiyat Island, Abu Dhabi. The group also announced the first deal for its new contemporary lifestyle hotel brand, Venu™, following the signing of a management agreement with Meraas Holding. The Venu Bluewaters Island Hotel, off the coast of Dubai, together with adjoining serviced residences, will be operated under the Venu Living brand.
Marriott International announced today that it expects to triple in size across Europe by 2020 to reach 150,000 signed or opened rooms. The statement follows a record year of development in 2014 and will mark a substantial increase from the 40,000 it operated in 2010. The group has also pledged to create 20,000 career opportunities for young people aged 16-25 by 2020. Also announced during the conference were plans to open 2,700 Moxy hotel rooms in key cities throughout Europe by the end of 2016.
Pandox's new asset management company, Pandox Asset Management, has signed an agreement with the Norwegian property company Eiendomsspar AS, which also owns 50% of Pandox AB, to assume the management of the majority of Eiendomsspar's hotel properties. The commission includes eight hotel properties with a total of 1,500 rooms, all of them in Oslo.
Starwood Hotels and Resorts have announced plans to grow their portfolio by more than 40 new hotels and resorts across Europe over the next five years. This represents an approximate growth of 30% of its portfolio in both fast growing and established markets.
Steigenberger Hotel Group announced they plan to restore the first ever hotel that group founder, Albert Steigenberger originally acquired in 1930. The Europäischer Hof Hotel in Baden-Baden is scheduled to undergo extensive renovation and modernisation and will open in 2017. The group also announced the launch of its third hotel brand, Jaz in the City. Each hotel will reflect the city's culture, style and atmosphere and feature work from local artists and musicians.
Worldhotels announces the expansion of its portfolio with Worldhotel Wings, a brand-new business hotel located at Rotterdam The Hague Airport. This will be the first branded hotel for Worldhotels in Rotterdam and will open on 21.3.15.
For conference news, updates and comments follow the conference on Twitter @IHIF_News and use #IHIF2015.
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The International Hotel Investment Forum (IHIF), produced by Questex LLC in partnership with Bench Events, is the premier hotel investment conference in the world, attracting the most prominent international hotel owners, investors, financiers, management companies, tourism and government officials and advisers. Held in Berlin every March, the three-day event is attended by nearly 2,000 people from over 70 countries. Tactical education and networking functions deliver a powerful return on investment, valuable connections and opportunities for business expansion. Participants gain knowledge of industry trends, available financing and prospective growth markets from experts in the hotel industry. Other events within the IHIF series include: North America Hotel Investment Conference (NATHIC), Asia Pacific Hotel Investment Conference (APHIC), Russia & CIS Hotel Investment Conference (RHIC) and Mediterranean Resort & Hotel Real Estate Forum (MR&H). For more information, visit www.ihif.com.
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