Corina Duma - 10 Minutes News for Hoteliers - Page 28

2 min

Room00 Next Gen Hospitality to Invest Up to €420m in Southern Europe and London Expansion by 2026

🏨 Room00 Next Gen Hospitality plans to invest €330m-€420m (£285m-£313.5m) in 2026 to expand in Southern Europe and London, after a €400m (£298m) funding round in 2025. They aim to add 20 properties with 1,421 rooms. London plans include €50m-€80m (£37m-£59m) for sites in Bloomsbury, Paddington, St Paul’s, and Victoria. €140m (£104.5m) is allocated for Italy, with additional investments in Lisbon, Porto, and Spanish cities. 80% of capital targets acquisitions and repositioning.

Virgin Limited Edition to Open 37-Suite Hotel Near Marrakech in 2027 Through Partnership with Sazanes Immobilier

🏨 Virgin Limited Edition will open a 37-suite hotel near Marrakech in 2027, as part of a collaboration with Sazanes Immobilier. Located 25 minutes from central Marrakech, the hotel sits on a 10-hectare estate with an organic farm and features three restaurants, a speakeasy bar, a 40-meter swimming pool, and a hammam. Bookings start in September 2026. The first 22 rooms will open early 2027, with the remaining 15 suites by early 2028.

2 min

Stockton-on-Tees Council Approves £25m Redevelopment of Kirklevington Hall into Boutique Hotel and Spa

🏨 Stockton-on-Tees Borough Council, in March 2023, approved a £25m redevelopment of Kirklevington Hall into a boutique hotel and spa led by Chris Musgrave with Kymel. The project includes 18 guest suites, a restaurant extension, a wellness spa, 20 woodland lodges, and a dedicated events pavilion. It aims to boost economic benefits and job creation in the North East. Design and planning are managed by GSSArchitecture and Lichfields.

BWH Hotels Announces Expansion in Africa with 25 New Projects in Morocco and 12 in Egypt

🏨 BWH Hotels aims to expand in Africa with new developments in Morocco, Egypt, Nigeria, Ethiopia, and Tanzania. The Future Hospitality Summit Africa will take place from March 31 to April 1, 2026. The group has signed over 25 pipeline properties in Morocco in the past year and has 12 projects in Egypt. In Nigeria, two hotels will open: Best Western Premier McDons Skye Hotel and Best Western Plus Ambience Hotel Ikeja. The expansion targets upscale and upper-midscale markets.

1 min

Lothian Pension Fund Acquires 145-Bedroom Edinburgh Hotel Development for £23.4 Million from Oval Real Estate

🏨 Lothian Pension Fund acquired a 145-bedroom hotel at Hanover Buildings, Edinburgh, for £23.4m from Oval Real Estate. The property is located at 66-84 Rose Street and is let to Hub by Premier Inn, generating 70% of the total income. The site includes five retail and leisure units, with a net initial yield of 5.66%. Colin Finlayson emphasized strong investor demand, while Nicola Barrett highlighted the asset's prime location and stable returns.

Corinthia Hotels to Open 150-Room Luxury Hotel and Residences in Chengdu, China by 2032 with RMB 4bn Investment

🏨 Corinthia Hotels, partnering with ShiLong Industry and Geminus Group, plans to open a luxury hotel and branded residences in Chengdu, China, by 2032. Located in the Gaoxin District, the 225m mixed-use tower will feature 150 rooms, 60 residences, and retail/commercial spaces, with a total investment of RMB 4 billion. It’s Corinthia’s first venture into China, aligning with their international expansion strategy and sustainability standards. Construction is ongoing, aiming to blend global service excellence with local culture.

UK Hotel Occupancy Rises to 63.5% in January, While London Rates Remain Flat at 66.7%

📈 UK hotels saw occupancy rise from 62.8% to 63.5% in January, with London steady at 66.7%. The UK’s average daily rate for rooms increased from £122.24 to £124.48, and London’s from £172.62 to £177.91. RevPAR nationally grew from £76.72 to £79.03. Gross operating profits held at 18.8% in the UK and 23.9% in London. Energy efficiency improved by a third since the pandemic, but rising utility costs and geopolitical tensions pose risks.

1 min

Careys Manor Appoints Mandy Walker as Director of Sales and Promotes Frances Trowbridge-Moore to Spa Manager

📈 Mandy Walker joins Careys Manor in the New Forest as director of sales, bringing 18 years of experience from Rhinefield House and expertise in the MICE sector. Frances Trowbridge-Moore, with the company since May 2024, is promoted to spa manager at SenSpa, leading a team of 31, succeeding Lina Lotto, who retired in 2025. General Manager Steve Woodrow highlights their roles in enhancing guest experience and supporting growth.

2 min

European Hotel Values Increased by Only 0.2% in 2025, with Copenhagen Leading at 5.9% Growth

🏨 European hotel values rose by 0.2% in 2025, the smallest increase since the pandemic, according to HVS. Copenhagen led with a 5.9% rise, while Athens saw a 5.5% increase due to strong demand and investment. Istanbul's values dropped 7.6% amid inflation. Amsterdam declined by 5.9% following tax hikes. London and Manchester fell 3.4% due to rising costs. Paris remains the most expensive market. Eastern Europe saw value growth, while the West showed mixed results.

1 min

HotelREZ Appoints Hadley O'Dwyer as Vice President to Lead Customer Success and Digital Innovation Initiatives

📈 Hadley O'Dwyer joins HotelREZ as VP of customer success and engagement to manage digital innovation and international growth. Overseeing 2,500 hotels in 100+ countries, O'Dwyer, with 20 years' industry experience, aims to enhance customer retention and revenue, leveraging data-driven strategies. His appointment follows John Seaton's as chief growth officer in December 2025, focusing on global service improvements and operational efficiency.

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