HVS EMEA Hospitality Enews - Week Ending 16 November 2007

The latest hospitality news from Europe, the Middle East and Africa

HVS Says It's Feasible, So Say Thank You

Let us begin by saying our thank yous. As good an opportunity as any for you to inflict your finest Elvis impersonation on the rest of your office by reading this paragraph out loud. Thank you Sjaelsø for building Copenhagen Towers, a commercial development in Copenhagen. Thank you CPH Hotel Management for taking the franchise on the 365-room Crowne Plaza Copenhagen Towers: InterContinental Hotels Group's first hotel in Denmark (it opens in late summer 2009). But above all, thank you, er, thank you very much HVS in London for conducting the feasibility study. Now on with the rest of the show.

Hilton Garden Inn Waves Hello To Perm

Hilton Hotels Corporation (HHC) has signed a franchise agreement with Hotels of Ural that will see the Hilton Garden Inn brand introduced to the city of Perm, in western Russia. The 104-room, three-star Plaza Olympia Hotel will be converted into the Hilton Garden Inn Perm in time for an opening ceremony in late 2008. HHC has plans to open more than 70 hotels – with a variety of brands – in Russia over the next ten years. The company’s very first hotel in the country, the 275-room Hilton Moscow Leningradskaya, is set to open in early 2008.

Five New Radissons And A Park Inn Too

Every so often Rezidor Hotel Group will raise the pace in its marathon pursuit of the target it has set itself of having 20,000 new rooms open by 2009. The company has chalked off 1,048 rooms in a week-long sprint around Europe. Let us propel ourselves in our armchairs along the tracks left by Rezidor, visiting the six hotels in the order in which they will appear. We begin in the northwest of England, where the Hilton St Helens becomes the 84-room Park Inn St Helens on 1 December 2007. Then across the Channel we go to admire a boutique hotel in the 16th arrondissement of Paris that will be rebranded as the 45-room Radisson Hotel, Paris in autumn 2008. The next three hotels are all opening in the third quarter of 2009, so we have a choice: head to southern Portugal first to see the 192-room Radisson Hotel Portimao and the 160-unit Radisson Residence Portimao, or take in the Czech Republic first and the 117-room Radisson Hotel Brno. We should pause to fit fresh castors before we attempt the final leg of the journey: out to Ukraine and the 450-room Radisson Resort, Bolshaya Yalta, which will be fully finished in April 2010.

The First Scottish Airport With A Courtyard

Scotland will have its first Courtyard by Marriott hotel in 2009. The 181-room Courtyard by Marriott Aberdeen Airport and an accompanying mixed-use development are to be built on land being sold by BAA Lynton. In a departure from its normal practice, Marriott International itself will be investing in and developing the hotel. Meanwhile, down at the other end of the UK, on the south coast of Kent, Accor has signed a management agreement with GSE Group on the Hythe Imperial hotel, which will be rebranded as the Mercure Hythe Imperial. GSE Group, a construction firm, paid QHotels an undisclosed sum for the 100-room hotel.

Hard Rock In The Sand

Hard Rock International and Tasameem Group are to build the first Hard Rock hotel in the United Arab Emirates. The five-star Hard Rock Hotel Dubai will be developed in the Dubai Trade Centre District, in the city of Dubai. The hotel will have 350 rooms and 100 serviced apartments and will be contained with a 91-storey tower that will also be home to offices and retail outlets.

Syria's First Family-Run Boutique Hotel Is Sold

The Beit Al Mamlouka opened in April 2005 to become the first family-run boutique hotel in Syria. The Mamarbachi family has now moved out of the eight-room, five-star hotel in the capital Damascus to make way for a new owner. The sale price was not disclosed. The unnamed new owner will operate the hotel as the Beit Al Mamlouka. Mrs May Mamarbachi is moving on to officially launch the Berea Group in March 2008, a company providing strategic, financial and communications advice to companies based in Syria.

IHG Knits With Mauritius

The 210-room InterContinental Mauritius Resort Balaclava Fort will be the first InterContinental resort in the African region when it opens on the island of Mauritius in late 2008. The US$50 million luxury resort will be built on the beachfront in Balaclava Bay by local real estate developer Lateral Holdings. InterContinental Hotels Group (IHG) plans to open six hotels across Africa in 2008.

Hotel Danieli To Be Renovated

Three separate buildings, hence three phases of renovation work: the plan devised for the Hotel Danieli by Gruppo Statuto and Starwood Hotels & Resorts. Gruppo Statuto is to invest a total of €45 million in the 233-room hotel, which it bought from Starwood in 2005 for €177 million. Hotel Danieli, which Starwood manages under The Luxury Collection brand, will remain open throughout the work. The work as a whole will end in 2010, but by as early as September 2008 the hotel will be showing off to Venice the first “boutique” spa in the Italian city.

Rocco Forte Names Its Hotel In Prague

The Rocco Forte Collection has decided that its first hotel in the Czech Republic will be called The Augustine in tribute to the Augustinian monastery of St Thomas, one of five historic buildings that has gone into the making of the hotel in the Czech capital Prague. The Augustine, which has 101 rooms and which in places will continue to echo to the patter of monks' sandals, is set to open in early summer 2008.

An All-Dutch Treat In Maastricht

Westerhout Hospitality has “nice to please you” as its slogan. The Dutch company does much to please its compatriot Golden Tulip Hospitality; they have coupled three times already in the Netherlands. A fourth encounter on 1 November yielded the 62-room Tulip Inn Maastricht Aachen Airport. The former Hotel Mercure Maastricht Airport, in the southern city of Maastricht, has changed its franchise but will continue to be managed by Hendrik Jaakke.

No Rest For Tank & Rast

Tank & Rast and B&B Hotels are over the next three years to build or renovate a total of 34 hotels at motorway service stations in Germany. Tank & Rast will be spending around €50 million on the renovation of hotels at the stations it operates. B&B Hotels has 14 of its budget hotels in Germany and the company reportedly has plans to develop another eight independent of the deal with Tank & Rast.

Sharlopov To Restore The Palmenwald

Sharlopov Hotels is to spend a reported €4.5 million on restoring the nineteenth-century Hotel Palmenwald to its former five-star glory. The 82-room hotel in the town of Freudenstadt, southwestern Germany, is set to reopen next year. The Hotel Palmenwald had been closed for three years until Sharlopov made the hotel its first purchase in Germany. Sharlopov Hotels has nine hotels in its native Bulgaria, plans for three more and plans too to buy a five-star complex in northern Greece in 2009.

Absolute Share Price Performance Over the Past Week 8-15 November 2007

Sol Meliá - Made gains early on in the week on the strength of its nine-month figures.

InterContinental Hotels Group - The London market was lower amid continuing fears about the US subprime mortgage situation.

Whitbread - Market sentiment on weak monthly retail sales figures meant that companies with consumer-focused businesses saw their share price fall.

For the latest in the hospitality industry, please visit: http://www.hvs.com. You are also welcome to contact the following personnel.

Russell Kett, Managing Director rkett@hvs.com
Charles Human, Managing Director, HVS HWE chuman@hvshwe.com
Dominique Bourdais, Director dbourdais@hvs.com
Bernard Forster, Director bforster@hvs.com
Karen Smith, Director ksmith@hvs.com
Marc Finney, Director mfinney@hvs.com
Demetris Spanos, Managing Director, HVS Athens dspanos@hvs.com
Christopher Mumford, Managing Director, Executive Search cmumford@hvs.com
Philip Bacon, Managing Director, EMEA & Asia, HVS Shared Ownership Services pbacon@hvs.com
Adrian Jones, EMEA Hospitality Enews Author ajones@hvs.com