Global Hospitality Report (February 27, 2017)

2017 European Hotel Lending Survey 
By Peter Szabo

HVS London reviewed and analysed the current lending environment for hotels following a comprehensive survey conducted among hotel teams of leading European banks.

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In Focus: Florence, Italy 
By Ezio Poinelli, Themis Trakas and Filippo Brivio

This market snapshot presents current data and information on the upscale and luxury hotel and tourism industry in Florence, Italy.

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HVS Key Takeaways: Tourism, Hotel Investment & Networking Conference (THINC) Sri Lanka 2017 
By Hemangi Bhandari

The 2nd edition of the THINC Sri Lanka conference brought together 170 stakeholders to discuss the vast potential of the hospitality sector as well as the key opportunities and challenges that lay ahead.

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Market Pulse: St. Louis, MO 
By Tim Sauer and Daniel McCoy

The gateway city’s hotel market is amid a steady expansion and continues to present attractive investment opportunities.

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Singapore-based Mapletree Investments Acquires Oakwood 

Mapletree Investments has acquired Oakwood Worldwide, a global provider of corporate housing and serviced apartment solutions, for an undisclosed sum. The acquisition of US-based Oakwood is in line with Mapletree’s strategy to expand outside of Asia, and covers all of Oakwood's global operations. The collaboration also saw Mapletree acquire a 49% stake in Oakwood's Asia Pacific operating arm, Oakwood Asia Pacific. Oakwood currently manages a portfolio of more than 50 branded properties in over 95 countries. Mapletree first collaborated with Oakwood in 2014, when the two companies signed a $5 billion joint venture deal to open more than 100 new properties around the world in five years. As part of the collaboration, all of Mapletree’s nine corporate housing and serviced apartment assets in Australia and the United States are under Oakwood brand’s management. The full ownership of Oakwood will allow Mapletree to enhance efficiencies and growth under their corporate housing and serviced apartment business. Mapletree intends to step up its acquisition and development of corporate housing and serviced apartment assets in markets across the US, Europe and Asia Pacific, which are also regions where Oakwood is a well-regarded brand.

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