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Global Hospitality Report (July 21, 2014)

Hotel F&B - To Lease or Not to Lease? 
By Kirby Payne

The primary role of F&B is to enhance the overall profits of a hotel. Many claim hotels with F&B should maximize the department’s profit or lease income. Instead, maybe the departmental profit motive should be secondary.

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HVS Capital Corp Arranges $54.4 million of Preferred Equity for a Four-Property Portfolio  

HVS Capital Corp served as an exclusive financial advisor to the owner of a four-property portfolio and successfully arranged $54.4 million of preferred equity for it.

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10 HVS Offices, 10 U.S. Cities, 10 Exclusive Forums | Access HVS - September 2014 

HVS Managing Directors and Senior Partners from ten offices around the U.S. come together in September this year to host a series of exclusive forums that will provide a unique opportunity to network with peers and industry stakeholders. Featuring regional experts who will share their valuable insights on the pertinent market, Access HVS will have interactive discussion forums on the opportunities and challenges facing the regions’ hotel industry. The sessions will focus on trends in hotel lending and valuation; up-to-the-moment snapshots of hotel values, transactions, cap rates, and operating trends in each location; and a forecast of overall hotel values through 2017 and beyond.

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Fico Corporation Expands into Europe with Latest Acquisition 

Thailand-based conglomerate Fico Corporation has purchased a portfolio of eight hotels across Germany (931 rooms) and one in Belgium (176 rooms) for €80 million (€72 million per room). “We are delighted to announce the latest strategic additions to Fico Group’s expanding portfolio of assets beyond our home base,” commented Fico’s chief executive, Kit Srichawla. The group’s new assets are the 70-room Days Inn Berlin West, the 94-room Days Inn Dresden, the 100-room ibis Hotel Erfurt Ost, the 104-room ibis Gelsenkirchen, the 141-room TRYP by Wyndham Bad Oldesloe, the 237-room TRYP by Wyndham Berlin City East, the 115-room TRYP by Wyndham Leipzig North, the 70-room TRYP by Wyndham Garden Bad Malente and the 176-room TRYP by Wyndham Antwerp. Fico also owns 16 hotels in Thailand and aims to expand further in Europe by acquiring 20 more hotels over the next couple of years.

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