Global Hospitality Report (January 11, 2016)

In Focus: Cyprus 
By Themis Trakas and Nikolas Pavlidis

This summary article illustrates the latest tourism trends in Cyprus.

The HVS Greater China Update - 4th Quarter 2015 
By Daniel Voellm and Larissa Lam

Economic slowdown continued to affect tourism and hotel markets across Asia in the third quarter.

HVS Looking Ahead to 2016 
By Russell Kett

Demand for hotel acquisitions across Europe prompts early exit by investors, says HVS

Goldman Sachs Invests INR441 crore in India’s SAMHI Hotels 

Leading global investment bank Goldman Sachs has invested INR441 crores in four-year-old hotel investment and development company, SAMHI Hotels. The new funding raised by SAMHI, which bought a hotel in Ahmedabad earlier this week, will be used for acquiring hotel assets in India over the next 15-18 months. Founded by Ashish Jakhanwala and Manav Thadani in 2011, SAMHI specializes in development, acquisition and ownership of branded hotels which are located in prime markets and locations throughout India. Partnering financially with global hotel groups, such as Marriott and Accor, and operators, such as Starwood Hotels and Hyatt International, SAMHI Hotels Pvt. Ltd. had raised US$100 million from Equity International and GTI Capital in 2012. Of this, US$75 million came from Equity International. In 2014, the company raised INR126 crore from founders and existing investors including GTI Capital and Equity International, and around US$21 million from the World Bank arm – IFC, via convertible debentures.

It's Almost Time for GIOHIS  

The Gulf & Indian Ocean Hotel Investors’ Summit (GIOHIS) 2016 is due to start in just one month at the Viceroy on Yas Island, in Abu Dhabi, on 8 February. GIOHIS is a brand new type of hotel investor Summit, aimed specifically at meeting the needs of hotel and serviced apartment owners, investors and developers, and is run by the hotel owners’ alliance, HOFTEL. Russell Kett, chairman of HVS London, will be at the event; Russell will be interviewing Gerald Lawless, president and chief executive of Jumeirah, and Omer Kaddouri, chief executive of Rotana Hotel Management Corporation. Additionally, Hala Matar Choufany, managing partner of HVS Dubai, will be leading a round table discussion titled "How to value a hotel in a market with no comps". A 10% discount is available to HVS newsletter readers on both the hotel owners and the non-hotel owners rates To get this discount, enter the code HVSDISCOUNT when you purchase your ticket. Click here to book.


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