HOTELSMag.com - 10 Minutes News for Hoteliers - Page 30

2 min

Briefs: Minor debuts NH Hotels in Bangkok; Pullman steps into Croatia

🏦 Minor Hotels has partnered with Boulevard Hotel Co. Ltd. to open NH Bangkok Sukhumvit Boulevard, a 315-room hotel located near Sukhumvit Road and 200 meters from the BTS SkyTrain in Bangkok, featuring renovated rooms, dining facilities, and a pool. Pullman Hotels & Resorts launches Pullman Zagreb in Croatia with 193 rooms, targeting business travelers. Peachtree Group's credit team has hit over $1 billion in loan originations year-to-date, with hotels being the largest sector at $639 million, a 176% increase from 2023. Waterford Hotel Group now manages Killington Mountain Lodge in Vermont, adding to its 100+ U.S. properties.

3 min

IHG grows Garner’s Europe footprint with four new signings

🏨 IHG Hotels & Resorts' midscale brand Garner, launched in August 2023, signed four new hotels in Europe, targeting 500 U.S. hotels in 10 years. Garner has 79 properties signed and four open. Garner Hotel Reading Centre and Garner Hotel Preston Samlesbury in the UK will open later this year. Over 50 German hotels from NOVUM Hospitality will join Garner, with the first in Hamburg, Mannheim, and Berlin. Vienna and Maastricht will also see new Garner hotels. Turkey welcomes a 126-key Istanbul Garner hotel in 2025. Conversion activity represented 41% of IHG's openings and 55% of signings in the first half of the year.

3 min

Wyndham, Dusit focus on India to launch new brands

🏨 Wyndham Hotels & Resorts, through an agreement with NILE Hospitality LLP, will introduce Microtel by Wyndham to India, aiming to open 40 Microtel hotels by 2031, focused on tier II, III, and IV cities, starting in 2025. Each will have 50 rooms, fitness centers, and social spaces. Wyndham's India growth is 25% in the next 18 months from 60 hotels. Dusit International's dusitD2 Fagu in Himachal Pradesh opens December with 80 rooms. In 2023, India's hotel investment jumped four-fold to $401 million, with a 22% YOY increase to $413 million projected for H2 2024.

3 min

Briefs: Universal Helios Grand Hotel opening date unveiled; Regent brand returns to the Americas

🏡 Loews Hotels & Co will open Universal Helios Grand Hotel on May 22, 2025, with reservations starting October 22, 2024. This addition grows Orlando's hotel portfolio to 11 properties and 11,000 rooms. The $550 million Loews Arlington Hotel in Texas recently opened with 888 rooms. IHG’s Regent brand relaunched in Los Angeles, opening Regent Santa Monica with 167 rooms and a 10,000-square-foot Guerlain spa. U.S. hotel industry saw occupancy at 70.3% (+2.4%), ADR $166.88 (+1.4%), and RevPAR $117.28 (+3.8%), with New Orleans leading in performance gains. Kempinski Hotels to manage Kempinski Residences Bayil Bay in Baku, Azerbaijan offering 37 private homes.

2 min

Mohari, Omnam team up with Pharrell Williams to acquire historic Paris hotel

🏡 Pharrell Williams, acclaimed musician and Louis Vuitton's men’s creative director, along with Mohari Hospitality and Omnam Investment Group, acquired Paris' historical Hôtel Saint-James & Albany in the 1st arrondissement. The joint venture between Mohari and Omnam, formed in July 2022, focuses on luxury hospitality, F&B, and leisure in Europe. Details of the transaction remain undisclosed; the hotel is undergoing extensive renovations. J. Allen Smith, CEO of Mohari, emphasizes innovative luxury hospitality projects and honoring the building's romantic heritage. Mohari, established by Mark Scheinberg in 2017, invests in luxury lifestyle and hospitality, including properties like Four Seasons Madrid and 1 Hotel Toronto.

2 min

Briefs: Sofitel expands into Africa; Mercure debuts in Oman

SOFITEL EXPANDS INTO AFRICA: Sofitel has expanded into Africa with its latest opening in Benin in West Africa. Sofitel Cotonou Marina Hotel & Spa is located in Cotonou, Benin’s economic…

2 min

Sonesta to franchise 114 hotels upon their sale by SVC

🏨 Sonesta International Hotels to franchise 114 U.S. hotels after sale by Service Properties Trust (SVC). The portfolio includes 31 Sonesta Select, 44 Sonesta ES Suites, and 39 Sonesta Simply Suites, totaling 14,925 keys across 28 states with a net value of $85 million. Sale expected in 2025 will repay SVC debt, saving an estimated $725 million in capital expenditures over six years. The deal aligns with SVC reducing leverage and improving liquidity, preserving $127 million annually. Post-sale, SVC to own 34% of Sonesta, focusing on full-service and high-performing focused service hotels. Sonesta to manage 66 hotels in the U.S. and Canada, maintaining its rank as the eighth largest hotel company in the U.S., with 1,100 properties and 100,000 rooms across eight countries.

4 min

People on the Move: La Vie Hotels, Waterford Hotel Group, The Lux Collective, Park Hyatt St. Kitts

🏨 Marcus Hanna, with 25 years of experience, appointed COO of La Vie Hotels & Resorts, previously with Accor for 20 years. Duane Schroder promoted to Chief Growth Officer at Waterford Hotel Group, with 20 years at the company. Sandy Shen becomes VP at The Lux Collective, with 20+ years of experience. Joseph Zuziak named Director of Sales and Marketing at Hyatt Regency Irvine, with over 10 years in the industry. Ninoska Batista joins Outrigger Hospitality Group as Project Manager, bringing a decade of experience. Scenic Group opens APAC office in Singapore, appointing Constance Seck, Ally Grueter, and Quoc Huy To. George Vlachopoulos takes on GM role at Park Hyatt St. Kitts following a 20-year career. Mauricio Quezada Reyes becomes GM at Marquis Los Cabos after 15 years in the industry. Stephan Kapek joins Shangri-La Singapore as VP Operations and GM, with 30 years of experience, nearly 20 with Shangri-La Group.

2 min

Hyatt forms JV with CR Land to widen China footprint

🏨 Hyatt Hotels Corp. and China Resources Land (CR Land) formed a joint venture, expanding Hyatt’s presence in China. The strategic collaboration will develop and manage eight hotels under The Unbound Collection by Hyatt and JdV by Hyatt brands, including six existing Mumian properties in Beijing, Shenzhen, Chengdu, Hangzhou, and Rizhao, plus two new hotels in Shaoxing and Shanghai. Additional key projects include Park Hyatt Xi’an and Andaz Dongguan. This move signifies a commitment to asset-light growth and serving high-end travelers in Hyatt's second-largest market.

2 min

Silversea to open hotel in southernmost city on Earth

🌍 Silversea to open a hotel in Puerto Williams, Chile by the end of 2025, enhancing Antarctica expeditions. The 150-key hotel, featuring a restaurant, bar, fitness center, and gift shop, aims to foster local community partnerships while minimizing environmental impact. As part of the Royal Caribbean Group, Silversea offers luxury Antarctic voyages and is unique in homeporting from Puerto Williams during the Antarctica season. Guests can fly from Santiago to Puerto Williams, bypassing the Drake Passage.

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