Global Hospitality Report (November 30, 2015)

In Focus: Bangladesh - The Dark Horse 
By Diksha Chopra, and Rishabh Thapar

The article evaluates the performance and potential of some key hotel markets in Bangladesh and highlights the opportunities and challenges of making hotel investments in the country.

Three Key Takeaways | 2015 CHICOS 
By Parris Jordan

HVS held its fifth annual Caribbean Hotel Investment Conference and Operations Summit (CHICOS) in San Juan, Puerto Rico on November 12–13, where discussions on financing trends, emerging markets, and development pipelines had a common theme: growth.

In Focus: Vietnam - A Pristine Tale 
By Samantha Poh, and Hok Yean CHEE

An increasingly strong destination market with a rapidly expanding manufacturing sector, Vietnam is growing its presence on the radar of hotel operators and investors.

Luxury Frontiers Announces First Luxury Tented Resort Project in the Americas in Partnership with Nayara Hotels 

Luxury Frontiers, strategic partners of HVS Athens and Milan offices, announces first luxury tented resort project in the Americas in partnership with Nayara Hotels. Scheduled to open in the first quarter of 2017, Nayara Tented Resort will comprise of 24 luxury tents, each featuring a master suite with en-suite bathroom as well as an adjoining tent that can be arranged as a lounge or a second bedroom. Each 945 ft² tent will be built on individual platforms, furnished with an outdoor living area and a plunge pool filled from nearby hot springs.

Best Western Enters Bandung 

Best Western Hotels & Resorts is making its debut in Indonesia’s third largest city, Bandung, with the launch of Best Western Premier La Grande Hotel. The 193-room upscale hotel will be equipped with eight meeting rooms, a business center, a spa, a swimming pool, a fitness center and a restaurant. With this opening on December 1, 2015, Best Western’s portfolio across the Indonesian archipelago will stand at 16 hotels. In the past two years, Bandung has witnessed a substantial increase in its hotel inventory and the surplus supply has exerted downward pressure on its hotel performance; Bandung’s annual market-wide RevPAR is expected to drop by 5%, by year-end 2015. However, owing to the continued growth in domestic tourism on the back of a weakening Rupiah, the city’s hotel market is expected to recover in the medium term, with a forecasted increase in market-wide RevPAR by 9% in 2016.

Cameron House Sold for a Second Time in 12 Months and Harbour Buys the Ship in Chichester  

US-based private equity firm KSL Capital Partners has purchased the Cameron House resort, on the banks of Loch Lomand in Scotland, for £70 million from a joint venture between Sankaty Advisors and Canyon Partners, the owner of QHotels. The joint venture acquired the resort just under a year ago as part of the six-property De Vere Hotels portfolio. The resort includes the five-star, 132-room Cameron House hotel, two golf courses, a spa and 184 timeshare lodges. Other hotel sales in the UK this week include the acquisition of the 37-room Ship Hotel in Chichester, in southeast England, by Harbour Hotels. The price wasn't disclosed but the Dorset-based group is said to have paid the Chichester Hotel Company more than the £6 million guide price for the Grade II-listed property. Harbour Hotels will rebrand its latest purchase at the beginning of next year, bringing the number of luxury coastal hotels in its portfolio to 13.


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