Global Hospitality Report (September 26, 2016)

In Focus: Zurich 
By Nicole Perreten

This snapshot provides an overview of the hotel and real estate market in Zurich, Switzerland. It discusses recent tourism trends, challenges encountered in establishing a conference destination and provides a summary of the extensive hotel pipeline.

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In Focus: Student Housing - General Overview and the Greek Reality 
By Nana Boussia and Pavlos Papadimitriou

Private Student Housing has emerged as a mainstream global asset class. While the USA and the UK are currently well-established as markets for student housing investments, the European market remains relatively unexploited.

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RIU Hotels & Resorts Enters Asia with First Property in Sri-Lanka 

Spanish hotel group, RIU Hotels & Resorts has entered the Asian market with its first property in Sri Lanka. The 500-room new build hotel, Riu Sri Lanka, is located along the beach in Ahungalla, in the Southeast of the country. The all-inclusive hotel features three large pools and a children’s pool, a jacuzzi, a gym and the Renova Spa wellness center. The hotel offers a multitude of dining options including an Asian restaurant, an Italian restaurant, a beachside al-fresco restaurant, two buffet restaurants, four bars and a night club. Luis Riu, CEO of the Spanish hotel group commented, “(Sri Lanka) has everything to be a great holiday destination. It has a wonderful landscape and beaches, rich culture, hospitable people, as well as all of the infrastructures needed; and it is a great complement to our portfolio, very attractive to our loyal clientele and to new customers.” RIU is set to open three more hotels between 2018 and 2019, two in the Maldives and one in Dubai..

HVS APAC HOSPITALITY NEWSLETTER.
Marriott Completes Acquisition of Starwood  

Following this week’s approval from the Chinese Ministry of Commerce, which had been the only regulatory approval still outstanding for the merger, Marriott International today completed its acquisition of Starwood Hotels & Resorts, signalling the intention to keep all 30 of the combined groups’ brands, and beginning a complex integration process that may take another year to two years to complete. The US$13 billion merger creates the world’s largest hotel company, with more than 1.1 million rooms and about 5,700 hotels in more than 110 countries. Marriott is estimating that the merger will deliver cost savings of around US$250 million per year.

HVS EMEA HOSPITALITY NEWSLETTER.

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