Global Hospitality Report (April 25, 2016)

Market Pulse: Napa, California 
By Katie Minnock

California’s Napa Valley draws thousands of national and international tourists each year. With demand on the rise and occupancy reaching new heights, the local hotel market is on the verge an unprecedented upswing in supply.

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Key Takeaways: Hunter Hotel Conference 
By Michael Brophy, Kasia Russell, MAI and Janet Snyder, MAI

The Hunter Hotel Conference brought out insights from every corner of the industry, marking potential upsets and opportunities to gain ground for U.S. hoteliers in 2016.

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Best Western Signs 4,150 Keys in Thailand, in Its Largest-Ever Hotel Pact 

Best Western Hotels & Resorts announced the signing of its largest-ever multi-hotel agreement with real estate developer A.D. Houses Co. Ltd. to manage four hotels under the ‘Best Western Plus’ brand, in resort destinations across Thailand. The four hotels include the 1,400-room Best Western Plus AD The Grand Jomtien Beach Pattaya, the 1,200-room Best Western Plus AD Bang Saray Lake and Resort in Pattaya, the 1,050-room Best Western Plus AD Hua Hin Lake & Resort, and the 500-room Best Western Plus AD Wongamart Pattaya. These will add to the company’s existing collection of eight properties in Thailand, located in Bangkok, Phuket and Buriram. Three of these four hotels will also be the largest properties in Best Western’s international hotels portfolio. According to Ron Pohl, Best Western’s Senior Vice President of Brand Management, “In addition to celebrating Best Western’s 70th birthday this year, 2016 also marks our 15th year of having a strong presence in Asia. I am thrilled to mark these milestones with the signing of such an important agreement.” Furthermore, the company announced its first two Vīb hotels in Thailand, expected to open in Bangkok in 2017 and 2018.

HVS APAC HOSPITALITY NEWSLETTER.
Regional UK Portfolio Sold  

Six regional Hilton-managed hotels (813 rooms) across the UK have been sold to individual buyers for approximately £40 million (£49,200 per room). The hotels are located in: Basingstoke, Bromsgrove, Dunkeld, Newbury, Newport and Swindon. Apart from the Swindon property, all of the hotels have been acquired free and clear of Hilton branding following the termination of the management agreements after the required notice period.

HVS EMEA HOSPITALITY NEWSLETTER.

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