Corina Duma - 10 Minutes News for Hoteliers - Page 29

Hotel Excelsior Venice Lido Reopens 5 May 2026 After Renovation, Introduces New Restaurant and Redesigned Rooms

🏨 Hotel Excelsior Venice Lido reopens on 5 May 2026 after extensive renovations of public spaces and guest rooms. Located on Lido Island, the hotel has functioned as a beachfront retreat since 1908. Updates include redesigned rooms, a new terrace restaurant, and a beach club featuring 299 private cabanas. The property will introduce Amù Venice in July 2026, offering Riviera-style dining. The venue remains a key residence for actors during the Venice International Film Festival.

2 min

Seng Secures £65.5m Loan for Hotel-Led Redevelopment of Regents House in London, Supported by ASK and Firma Partners

🏠 Seng secured a £65.5m loan for redeveloping Regents House, a 2.2-acre site near Angel station, London. The facility, backed by ASK and Firma Partners, covers 227,000 sq ft of office space, now partially vacant. Plans include transforming the property into a hotel with retail and leisure spaces. This follows Seng's residential plans at Chiswick Tower, enhancing collateral security. Elliot Dubey highlights the community benefits, while ASK and Firma emphasize asset repositioning flexibility.

3 min

Hotels Face Operational Drift Challenges Due to Inefficient Utility Management, Impacting Costs and Sustainability Efforts

📊 Hotels face operational drift, with utilities comprising 3–10% of costs often poorly managed. Energy and water inefficiencies, like undetected leaks tripling water use, escalate costs silently. Periodic system checks fail to detect declines, as shown by boilers losing efficiency post-inspection. Lacking continuous monitoring expertise, hotels struggle with efficiency. With sustainability pressures mounting and platforms prioritizing eco-friendly options, addressing inefficiencies can yield 4–7% savings without major investments, crucial in an industry with tight margins.

2 min

European Hotel Investment Market Hits €22.6bn in 2025, Marking 30% Increase from Previous Year

📈 In 2025, the European hotel investment market soared to €22.6bn (£19.5bn), marking a 30% rise from the previous year. There were 461 deals involving 725 hotels, with an average hotel price of €31.1m (£27m) and a 7% price increase. The UK led the market, contributing 25% of the total volume. Single asset transactions, a significant portion of the activity, hit €15.6bn (£13.5bn). North American buyers dominated hotel portfolio purchases with €599m (£518m).

2 min

Travelodge Reports 0.7% Revenue Increase to £1.04bn in 2025 Despite EBITDA Decline Due to Inflation

🏨 Travelodge reported a 0.7% revenue rise to £1.04bn for 2025, despite a drop in EBITDA to £176.7m due to inflation. The hotel chain opened 21 UK hotels, with 12 rebranded sites. UK RevPAR grew 1.8% in H2 after a 5.6% decline in H1. Spanish revenues increased by 22%, with £10.3m EBITDA. They launched an AI assistant, Ara, and a room selection feature. Cash balance was £113m. Trading in 2026 started with revenues 3% higher than 2025.

6 min

Green Tourism Submits Sustainability Certification Standard to UKAS, Aligning with Upcoming EU Anti-Greenwashing Legislation

📈 In September 2026, the European Union's Empowering Consumers for the Green Transition Directive will require companies to independently verify environmental claims. Green Tourism has submitted a new certification standard to UKAS to meet these requirements. This affects UK hotels targeting European guests, as non-compliance may lead to loss of visibility on platforms like Booking.com. Green Tourism supports over 3,000 members globally, with 50,000 assessments completed, and has introduced a GreenCheck platform for efficient verification.

Bob W Secures Long-Term Lease for 119-Unit Serviced Apartments in Munich City Centre, Opening May 2026

🏨 Bob W has secured a long-term lease for a flagship property in Munich’s city center at Schwanthalerstraße 61. The 119-unit, 5,800 sqm serviced apartment building, featuring studios and one-bedroom units, is set to open in May 2026. Located five minutes from Munich Central Station, it's their sixth Munich site since 2025, reflecting Germany as a key growth market. The phased launch aims to enhance guest experience and design standards.

1 min

JMK Group Secures £48m Loan to Convert City of London Office into 260-Bed Hotel, Pending Approval

🏨 JMK Group secured a £48m loan from OakNorth and REL Finance to convert Peninsular House, a nine-storey office in City of London, into a 260-bed hotel, pending planning permission. Founded in 2009, the family-run company has expanded across London and Ireland. This redevelopment, including views of Tower Bridge and the Gherkin, aligns with JMK Group's growth strategy after acquiring Clements Lane. The loan follows a previous acquisition in December 2024.

Crowne Plaza Porto Completes Refurbishment of 232 Guestrooms and 11 Meeting Rooms in Boavista District, Portugal

🏨 Crowne Plaza Porto in Portugal has completed a full refurbishment of its 232 guestrooms and 11 meeting rooms. Located in the Boavista district, the hotel is 15 minutes from the airport. The largest meeting room accommodates 450 guests, equipped with natural light and technology for conferences. The renovated guestrooms offer workspaces and high-speed connectivity. On-site dining is available at soMos Restaurant and Lounge. The hotel is near Casa da Música and Serralves Foundation.

1 min

Kew Green Hotels Announces Five-Year Strategy to Expand UK Portfolio and Improve Profitability Under New CEO

🏨 Kew Green Hotels has unveiled a five-year strategy to expand its portfolio and become a UK sector leader. CEO David Taylor, in his role for five months, plans to implement a performance-based framework, with him as the first to be assessed. Energy contracts are secured at fixed rates until 2027. Taylor will visit every hotel in six months to support local management, shifting focus from head-office. The strategy aims to enhance profitability and attract investors.

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