London 700

    UK supply to hit performance

    An increase in new hotel rooms in London was likely to hit performance both this year and next, according to PwC. Supply was unlikely to wane in the short term, with Colliers International reporting that London had moved back into the top 10 in terms of attractiveness to investors. PwC forecast that occupancy growth of [...]

    Mandarin Oriental pursues management

    Mandarin Oriental’s has continued to expand through management contracts, signing seven last year. The company said that, having been unable to attract any “acceptable offers” for The Excelsior in Hong Kong, it was considering redeveloping it into a commercial property. James Riley, group CEO, said that, as the group expanded, its management business was likely [...]

    Hyatt deepens home sharing links

    Hyatt Hotels Group has extended its World of Hyatt loyalty programme to include Oasis, as the operator looked to “serve our members in new ways and in new places”. The move came as Airbnb appointed the former VP of Amazon Prime to oversee its homes division, having reported “overwhelming interest” since opening up its platform [...]
    Staycity_048 Manchester Exterior

    Institutions keep UK deals moving

    Institutions looking for strong covenants and fixed income assets will drive deals in 2018, according to Savills. The comments came as Secure Income Reit acquired two portfolios totalling 76 Travelodge-branded hotels, as part of a GBP436m deal. Savills said that total UK hotel transaction volumes reached GBP5.4bn in 2017, up 32% on the year. The [...]
    Bikes on the bridge in Amsterdam Netherlands

    Interstate makes Europe move

    Interstate Hotels & Resorts has added 12 new hotels to its international portfolio, including the company’s first hotel in France, after signing a deal with Borealis Hotel Group. Interstate told us that it hoped the two would work together to expand more deeply into Europe, hailing Borealis’s “strong track record” under the lease model. Interstate [...]
    thomas cook

    Thomas Cook launches fund

    Thomas Cook Group has launched a hotel fund – Thomas Cook Hotel Investments – a joint venture with Swiss-based hotel property development company, LMEY Investments. The company told us that the fund would be a mix of debt and equity, with the fund being used to accelerate growth of its own brands in a variety [...]