Global Hospitality Report (January 25, 2016)

Positve Operating Leverage Results in Another Year of Hotel Value Gains; Cap Rates Start to Rise 
By Suzanne Mellen

Five years of steady cap rates and rising NOI have resulted in significant U.S. hotel asset appreciation. The current economic landscape is likely to cause hotel cap rates to rise in 2016, moderating future value gains.

HICSA 2016: Gaining Momentum for Another Year of Excellence 

HVS is pleased to announce the 12th edition of Hotel Investment Conference (HICSA), scheduled to be held on 5 and 6 April, 2016, at the JW Marriott Aerocity, New Delhi. Recognized as the one of the most premier industry events in the region, HICSA brings together more than 500 delegates each year, from over 20 countries. One of the key highlights at HICSA 2016 is a Keynote Address by the Hon’ble Chief Minister of Andhra Pradesh, Shri Chandrababu Naidu, on the opening day of the conference. Other notable speakers include, David Berg, CEO, Carlson Hospitality Group; Jan Smits, CEO-AMEA, InterContinental Hotels Group; Jonathan Vanica, MD-Asian Special Situations Group, Goldman Sachs; Kapil Chopra, President, The Oberoi Group; Kavin C Bloomer, Executive Director, Morgan Stanley; Michael Issenberg, Chairman & CEO-APAC, AccorHotels; Nakul Anand, Executive Director, ITC Limited; Peter Fulton, Group President-EAME & SW Asia, Hyatt Hotels Corporation; Rajeev Menon, COO-APAC (excluding Greater China), Marriott International; Ratnesh Verma, President & MD, Whitbread Hotels & Restaurants International, and Thorsten Kirschke, President-APAC, Carlson Rezidor Hotel Group, to name a few.

FRHI Hotels & Resorts Introduces Neqta Hotels 

FRHI Hotels & Resorts has joined hands with China’s leading real estate developer, Jiangsu Golden Land Group, to announce the debut of Neqta Hotels, a new lifestyle brand and hotel portfolio which will comprise upper mid-scale hotels in some of the most in-demand destinations across China. Neqta Hotels aims to be a contemporary hotel brand that will appeal to tech-savvy travelers and is targeted in particular to the millennial business traveler in the 22 to 40 age demographic. The inaugural hotel under the Neqta flag opened on January 21, in Shanghai’s Xuhui District, in vicinity of the World Expo site. A second hotel opening is expected to follow in Nanjing soon. Operated by FRHI, Neqta will be marketed apart from FRHI's collection of Fairmont, Raffles and Swissôtel brands.

New DoubleTree for London  

DoubleTree by Hilton has opened a new hotel in the UK: the 260-room DoubleTree by Hilton London Excel. Overlooking London’s Royal Victoria Dock, the hotel is owned and managed by Shiva Hotels. Senior vice president and global head of DoubleTree by Hilton, Dianna Vaughan, said, “We are excited to welcome this beautiful hotel to the brand's growing portfolio of more than 25 properties across the UK”. DoubleTree currently has more than 440 hotels in six continents and almost 40,000 rooms in the pipeline


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