HA Daily

    Minor’s European boost

    European activities boosted Minor International, sending Q3 profits up 347% to THB4.6bn. Sale and leasebacks on three Portuguese hotels realised a gain, while NH posted strong revenues. The group is working on its integration with Spanish group NH, who are now managing group hotels in Portugal and Brazil. Elsewhere, Anantara improved its performance, opening in [...]

    Huazhu charges on

    Chinese group Huazhu opened 548 hotels in the third quarter, taking its portfolio to 5,151 properties. Quarterly turnover was up 19% year on year to RMB10bn. Revpar slipped 0.8% as occupancy fell to 87.7%, due to a weaker Chinese economy. Average room rates were up 2.6%, as the group improves its blend of midscale and [...]

    Hilton signs Melbourne

    Hilton has signed to reintroduce its flagship brand to Melbourne, Australia. It will open the 244 room Hilton Melbourne Little Queen Street in mid 2020. The property will run under a management agreement with M&L Hospitality. Hilton currently has 106 hotels open across Asia Pacific.

    Forte Berlin traded

    The Rocco Forte hotel in Berlin has been sold by landlord Commerz Real. New joint owners of the Hotel de Rome are Caleus Capital Partners and Singapore wealth fund GIC. Commerz has held the property in its Hausinvest fund since 2007. The 145 room hotel is within a former bank building, featuring a swimming pool [...]

    Pandox Germany buy

    Pandox has bought the Maritim hotel in Nuremburg, Germany for EUR61m. The 316 room property is rented to Maritim on a short term fixed lease. Pandox says the property presents an opportunity for repositioning. It is weighing up options including a new lease, or taking over hotel operations directly. Read the full story here: Read more

NH on track

Higher room rates led to a 4.5% increase in revpar during the last nine months at Spanish hotel group NH. Markets in Spain led the charge, with revpar up 9.5%. The group is integrating its operations with new owner Minor, taking over management of the group’s 17 hotels in Portugal. It has also leased the [...]

Millenium fundraise

Spanish investor Millenium Hotels Real Estate is planning a share issue to raise EUR400m. The two stage issue would be in two tranches, with EUR150m coming from pre-emptive rights holders. The issue is subject to approval at an extraordinary general meeting. Millenium listed in July 2019, and is focused on developing a portfolio of luxury [...]

Bloc wins Glasgow site

Hotel group Bloc has won a Glasgow hotel development site. The site, sold by Legal & General with consent for development, attracted more than 20 bids, reports The Herald. Investor LGIM Real Assets opted to sell the site, having won planning approval to demolish the former bank offices. Bloc currently has hotels open in Gatwick [...]

Booking trademark battle

The US Supreme Court is to consider blocking Booking.com from trademarking its name. A federal agency argues the name is too generic to be granted such protection, reports Reuters. Booking Holdings has previously tried to get the name trademarked, but a tribunal of the Patent and Trademark Office in 2016 rejected the proposal. Officials say [...]

New direction for Dusit

Closure of a hotel in Bangkok hit revenues at Dusit, down 21.2% in Q3. But new signings in Philippines and China took the portfolio to 35 hotels. Revpar at owned hotels was down 22.1% in the quarter, while revenues from overseas hotels decreased 7.3%. The group expects hotel performance to pick up towards the end [...]