Issue 2557 - 22 October, 2020

    Independents outperform

    Independent hotels consistently outperform both hard and soft brands, according to a new white paper. Preferred Hotels and PHG Consulting found the outperformance applies both during strong years, and through crisis periods such as 2020. By analysing STR and HVS data, the paper says the revpar and ADR performance gap has been widening over the [...]

    Radisson for Odesa

    Radisson Hotel Group has signed its first hotel in Odesa, Ukraine. It will rebrand the 90 room Hotel Milano in the city centre in early 2021. The deal includes an extension project already under way, which will add 37 more rooms and a restaurant and meeting space. The addition builds on RHG’s position as the [...]

    Thai flagship signed

    IHG has signed to open the country’s largest Crowne Plaza hotel. It will convert and extend the Grand Sukhumvit Bangkok hotel, taking over management during 2021.  For landlord Sukhumvit Centre Point Co, this is its first project with IHG. InterContinental Hotels currently has 31 hotels operating in Thailand, with another 29 in the pipeline.  Read [...]

    Hyatt Cape Town swap

    Hyatt has signed to rebrand the former Hilton in central Cape Town under its Hyatt Regency flag. The 137 room hotel will relaunch in December 2020. The hotel will operate under a management agreement with owner Millat Properties. Millat plans an extensive refurbishment of the property ahead of reopening. Read the full story here: Read more