HVS EMEA Hospitality Enews - Week Ending 21 November 2008

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

The First Scandics To Enter Poland

You know them as the Holiday Inn Wrocław and the Holiday Inn Gdańsk. From 1 January 2009 you will know these hotels as the Scandic Wrocław and the Scandic Gdańsk. But temper your sadness at the double loss of the Holiday Inn name with gladness that the rechristened hotels will be Scandic Hotels’ first properties in Poland. Standing at the font alongside Scandic will be Invesco Real Estate, the owner of the two hotels. The hotel in Wrocław has 164 rooms and the one in Gdańsk 143 rooms.

Catch Rezidor In Qatar And Mozambique…

Rezidor Hotel Group never seems to be at home nowadays; the company is always out and about opening hotels. The most recent note in the doorstep milk bottle reads: “Gone to Qatar and Mozambique”. So let us make haste to follow. On arrival in Doha, the capital of Qatar, we will find that Rezidor has announced The Regent Doha, a 365-room hotel that is set to open in the first quarter of 2013. But let us not linger too long, for Rezidor is off again in a cloud of sand. We shall meet them again in another capital: Maputo, in Mozambique, where the Radisson Hotel Maputo will be opening in the second quarter of 2010. The 150-room hotel is owned by the Mozambiquan firm Fenix Projectos e Investimentos.

…Or If Rezidor's Not There, Try Germany

Ah-ha, you might have thought as your ring of Rezidor’s doorbell went unanswered, I will intercept those gadabouts on their return from Mozambique. Sadly, you thought wrong. Rezidor is not coming straight home from Maputo: it has arranged a stopover in Germany. The company has landed on the Baltic coast, in Stralsund, where before the year is out the Radisson Hotel, Stralsund will have opened. The 114-room hotel is part of the leisure centre HanseDom.

Two More For The Italian Garden Inn Club

Hilton Hotels Corporation has opened two more of its Hilton Garden Inn hotels in Italy, bringing the number of hotels with that brand in the country to five. The new arrivals are the 207-room Hilton Garden Inn Milan Malpensa, on which Hilton signed a franchise with Airport Hotel, and the 152-room Hilton Garden Inn Bologna San Lazzaro, which stands in the northern city of Bologna. Hilton signed the franchise agreement on this hotel with Dimatour.

Four Points At Two Points In Saudi Arabia

Starwood Hotels & Resorts and Al Hokair Group are to open three hotels together in Saudi Arabia under the auspices of a long-term management agreement. First to open, in early 2010, will be the Four Points by Sheraton Mall of Arabia, a 300-room hotel near the Mall of Arabia shopping complex in the city of Jeddah, on the shores of the Red Sea. Around a year later, on the opposing shore of the Gulf, the 236-room Four Points by Sheraton Dhahran will be opening in the city of Dhahran. The country’s capital does not miss out; Riyadh will welcome the 225-room Aloft Riyadh in early 2011.

Flybe Hoping To Be Cleared For Take-Off

Flybe, the low-cost airline, is reported to be planning to build a 160-room hotel and an aircrew training centre at Exeter International Airport on the outskirts of the city of Exeter, in southwest England. The project, which is set to cost a reported £30 million, will be developed by a third party. If planning approval is given, then the properties will open in March 2010.

Dolce And Wyndham Hotel Group Appoint Chief Executives

What, you might wonder, is the connection between Wyndham Hotel Group and Dolce Hotels and Resorts? Well, how about Steven Rudnitsky. He left his post as president and chief executive of Wyndham earlier this year and on 8 December he will be installed in the corresponding position at Dolce. Rudnitsky’s empty chair at Wyndham will be filled on 1 December by Eric Danziger, lately the chief executive of online firm WhiteFence but before that a man steeped in the hotel industry. Indeed, Danziger was president of Wyndham Hotels and Resorts in the early to mid 1990s.

Kingdom With A Trading Update

Kingdom Hotel Investments (KHI) has issued a trading update covering the nine months to 30 September 2008. KHI noted that system RevPAR over those months grew by 18% and that performance in the third quarter was in line with expectations. KHI expects full-year system RevPAR growth (on a reported basis) to fall somewhere in the mid teens.

Absolute Share Price Performance Over the Past Week 13-20 November 2008

Shares - Wall Street fell to an 11-year low earlier in the week. The price of both Marriott International's and Starwood's shares fell to respective 52-week lows on Thursday.

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
Tim Smith, Director tsmith@hvs.com
Demetris Spanos, Managing Director – HVS Athens dspanos@hvs.com
Hala Matar Choufany, Managing Director – HVS Dubai hchoufany@hvs.com
Christopher Mumford, Managing Director – Executive Search cmumford@hvs.com
Philip Bacon, Managing Director – HVS Madrid and Managing Director, EMEA & Asia – HVS Shared Ownership Services pbacon@hvs.com
Adrian Jones, EMEA Hospitality Enews Author ajones@hvs.com