HA Perspective 2017

    grosvenorhousemarriott

    Europe to rise as UK rattles investor nerves

    Germany saw its transactions volume increase on the year in the first quarter, while deals in the UK fell, according to JLL. The company said that concerns over Brexit had fuelled the drop and pointed to an increase in cross-border investment looking to Europe in the search for yields. The findings came as the UK [...]
    melia

    StarCap sells in hot Spain market

    A joint venture between Starwood Capital and Melia Hotels International has sold a portfolio of four branded hotels in Spain for an undisclosed fee. The sale comes as Spain grows in strength as a destination, while restrictions on new supply see an increasing pool of buyers looking for assets. The Starwood Capital and Melia Hotels [...]
    Airport Departure and Arrival sign at Heathrow, London

    Arora makes runway proposal

    The Arora Group has put forward a rival proposal for a new terminal and runway at Heathrow Airport that it said could save up to GBP6.7bn when compared to the airport’s own plans. Virgin Atlantic and IAG both backed the plan, with the latter describing it as “fresh thinking”, while the Department for Transport reaffirmed its [...]
    Macau, China

    Dalian Wanda goes asset light

    Dalian Wanda has announced plans to sell a USD9.3bn package of hotels and theme parks to Sunac China, to give full scope to its “business strength”. The company will keep the Wanda branding on the properties, amid concerns that it is looking to cut debt after catching the eye of China’s banking authorities. Under the [...]
    VacationsbyMarriott

    Hotels best served in a package

    Thirty-seven per cent of UK holidaymakers plan to book their holiday accommodation directly with hoteliers this year, up from 10 years ago when 17% booked direct, according to a study by Barclays. The report was released as Easyjet said that it was prioritising its holiday business, as appealing to the packaged market comes onto the [...]
    Bikes on the bridge in Amsterdam Netherlands

    First Sponsor goes Dutch

    QMH announced the sale of the 17-strong Bilderberg Hotels in the Netherlands, to a consortium led by Singapore’s First Sponsor Group and Germany’s Event Hotels, for an undisclosed fee. The pair plan to further expand the Bilderberg brand in the Dutch market, as Asia’s investors continued to show faith in Europe’s hotels. First Sponsor has [...]
    Park Plaza London Waterloo

    PPHE goes long

    PPHE Hotel Group has announced the sale and leaseback of the Park Plaza London Waterloo for GBP161.5m, taking a lease of 199 years. The deal was one in a growing trend, as institutional investors look for long-term returns, with no requirement for a high yield. A unit trust created on behalf of several clients of [...]
    Google deal

    Europe’s online fightback

    Expedia has been told to pay EUR1m and told to stop demanding “tariff parity” from hotels following an appeal brought by the government in Paris. The move came as Google was fined EUR1bn after the European Commission said that it had “abused its market dominance”, sparking speculation as to what this would mean for the [...]
    Bank Of England

    Buy-to-let returns to hotels

    The Comfort Inn Manchester North in Middleton has been acquired by property group Shepherd Cox off a guide price of offers over GBP2m. The deal takes Shepherd Cox up to 18 hotels, as the group looks to expand its fractional ownership model deeper into the hotel sector. The deal was done off-market with an international [...]
    euro-market-outlook

    CDL enjoys Europe’s cheap debt

    CDL Hospitality Trust has made its second move in as many months in Europe, with the purchase of the Pullman Hotel Munich for EUR104.7m. May saw the group buy the Lowry hotel in Manchester, with both deals seeing CDL hailing the “low funding environment” in Europe with “an attractive spread between the property yield and [...]