HA Perspective 2018

    Costa sale leaves Premier Inn adrift 

    Costa Coffee’s GBP3.9bn sale to Coca-Cola has raised the prospect of Premier Inn being next to be sold, marking the possible exit of Whitbread from the hotel sector. The deal came as Premier Inn announced plans to expand into Ireland and told analysts that it “had other innovations in the UK”, raising the prospect of [...]

    Investors backing London

    PPHE told Hotel Analyst that it was continuing to look to acquisitions in London, despite the increased supply coming into the market. The results were released as the Barclay brothers were reported to have acquired control of the Beaumont hotel, paying more than GBP125m for a long lease on the 73 room-property. Daniel Kos, CFO, [...]

    Dalata researches Germany 

    Dalata Hotel Group confirmed that it was in the “research” phase of expansion into Germany, having identified up to 10 suitable cities. The comments were made to Hotel Analyst as the group released its half-year results, which saw it announce a third hotel in Manchester. Dermot Crowley, deputy CEO, told us: “We are looking at [...]

    UNWTO: tourism third-largest export

    International tourist arrivals reached a total of 1.32 billion in 2017, according to the latest figures from the UNWTO. Exports generated by tourism reached USD1.6 trillion, making tourism the world’s third-largest export sector and came ahead of another summer of protests in regions which have become a focus for tourism. The UNWTO Tourism Highlights 2018 [...]

    Google edges deeper into travel

    Google has launched a tool indicating the cheapest time to book flights and hotels, using historical prices. The launch came as speculation reignited that Amazon would make a fresh attempt on the travel market, using what one analyst described as its “history of solving complex logistical problems”. Richard Holden, VP, product management, travel, Google said: [...]

    Aparthotel jv looks to UK

    Aparthotel brand Native and mixed-use developer First Base have formed a partnership to develop a portfolio of aparthotel units across the UK. The pair plans to develop a GBP400m group comprising of aparthotels or mixed-use properties, with a focus on the areas around London, Oxford, Cambridge, Bristol and Edinburgh. Earlier this year saw Native rebranded [...]

    Reuben brothers take Curtain 

    The Reuben Brothers has acquired the Curtain Hotel and Members Club in Shoreditch for an undisclosed fee. The news came as rumours persisted that Soho House was considering an IPO, as the popularity of private members’ clubs grows. At The Curtain, a subsidiary of Michael Achenbaum, of the Gansevoort Hotel Group and Jeffrey Levine, the co-developers [...]

    Village Hotels means business 

    Village Hotels is due to launch its latest Village Business Club, at its hotel in Cardiff next month. The concept is the latest effort by the hotel operators to address brands such as WeWork, as hotels continue to extend their scope beyond beds. Village Hotels has launched its BClub in: Cardiff, Farnborough, London Watford, Manchester [...]

    Homeshare rivals raise funding

    Homesharing platforms Sonder and Homelike have both announced successful funding rounds. The investments will mean further expansion and greater choice in the sharing economy, as it targets the business traveller and those looking for greater curation. Sonder has agreed a USD85m funding round, led by Greenoaks Capital, taking the total raised so far to USD135m. Unlike [...]

    New twist at LaSalle

    The battle for LaSalle Hotel Properties took on a new twist with an unsolicited bid from Pebblebrook Hotel Trust. Pebblebrook said that its terms were “clearly superior to the Blackstone proposal”, which was due to be voted on at a 6 September meeting, as the US Reit sector continued its period of M&A activity. Pebblebrook [...]