Global Hospitality Report (June 8, 2015)

In Focus: The Mixed-Use Concept – A Trend Shaping in Greek Tourism Developments 
By Pavlos Papadimitriou and Panagiotis Verykios

This article provides an overview of the luxury tourism mixed-use developments and vacation homes market in Greece.

Airport Developments – Indonesian Archipelago 
By Joel Tay TjinYi and Lara Sarheim

This article summarizes airport developments within the Indonesian Archipelago.

HVS Releases 2015 U.S. Hotel Valuation Index 

HVS, the world’s leading hospitality consulting and valuation firm, in collaboration with Smith Travel Research, is pleased to deliver the 2015 U.S. Hotel Valuation Index (HVI).

Manhattan’s Lodging Market – In the Midst of a More Extended Recovery Period 

Manhattan’s rooms supply has grown by nearly 23% over the past five years. The current pipeline of proposed hotels shows continued growth.

Four Key Takeaways | Trigild Lender Conference Spring 2015 
By Kathleen Donahue

Real estate lending experts at this year’s conference gave insights on factors that can wreak havoc on a hotel loan, as well as ways to move a distressed property back into the black.

THINC Indonesia 2015 | 2-3 September | Bali, Indonesia 

HVS is pleased to announce the 2nd edition of the THINC Indonesia conference this September, where all industry stakeholders will once again come together to explore growth and investment opportunities in the region. The 2015 event will continue to provide accurate and relevant content through a captivating line-up of sessions by industry leaders, and the opportunity to network and conduct business with prominent owners, operators, investors, developers, and government officials. Confirmed speakers at the event include Alex Mirza, CEO, Cachet Hotel Group; Budi Tirtawisata, Group CEO, Panorama Group; Dillip Rajakarier, CEO, Minor International; Frederic Flageat-Simon, CEO, Alila Hotels and Resorts; Gerald Lawless, President and Group CEO, Jumeirah Group; Marc Steinmeyer, President Director and Founder, Tauzia Hotel Management; Micheal Issenberg, Chairman and CEO - APAC, Accor; Robert Warman, CEO, Langham Hotel Group; Roy Sindhunirmala, Founder and CEO, Twenty One Development Group, and Thorsten Kirschke, President - APAC, Carlson Rezidor Hotel Group, among others.

Shui On Manages Balance Sheet, Disposes of Four Seasons Pudong 

The board of SOCAM Development Ltd, member of Hong Kong’s Shui On Group, announced that Lead Wealthy Investments Ltd (70% of which is indirectly owned by SOCAM Development) and Wing Tat Development Ltd (an offshore subsidiary of Shanghai developer BM Holdings), entered into the a sale-purchase agreement of a series of target companies, for a total consideration of RMB632.5 million in cash, subject to adjustment. Wing Tat Development has also agreed to settle intercompany loans amounting to approximately RMB690.8 million. The principal asset is the Four Seasons Pudong Hotel plus the unsold branded units and car parking spaces in Shanghai Four Seasons Place. The transaction, at an estimated value of RMB2.3 billion or US$371 million, is another sign of activity in China’s preferred hotel investment market. However, the number of branded residential units to be sold with was not disclosed, likely inflating the hotel’s per key value of RMB12.3 million or US$1.9 million to some degree.

Extend Your Stay in London for the Serviced Apartment Summit  

The theme of this year's Serviced Apartment Summit is "Accommodating the Future". Taking place at the Park Plaza in Victoria, London, on 7 and 8 July 2015, the event attracts more than 300 industry leaders in the sector. Delegates can join a "behind the curtain" tour of some of London's serviced apartments and extended stay properties. You will also get a chance to learn about the future prospects for the sector, new acquisition strategies, case studies and much more. HVS is a platinum sponsor for the summit and several members of our team will be in attendance – both Russell Kett, chairman of HVS London, and Arlett Oehmichen, a director with the firm, will also be speaking at the conference.


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