Global Hospitality Report (July 19, 2017)

The Serviced Apartment Sector In Europe: No Longer the Underdog?  
By Nicole Perreten

A strong pipeline, focused on Western Europe, confirms that the serviced apartment sector has become a serious player in the hospitality industry. With limited ancillary services, the product can be operated efficiently through longer average stays.

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Learnings from and for Africa’s Game-Lodge Industry 
By Rishabh Thapar

As tourist and investor interest grows in the game-lodge industry and wildlife destinations around the world, the article brings to light some peculiarities and challenges of the lodging industry and lists some lessons/best practices for developers.

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THINC Indonesia 2017: Gaining Momentum for Another Year of Excellence 

Tourism, Hotel Investment & Networking Conference (THINC) Indonesia gains momentum for its 5th year. HVS is set to host yet another edition of this premier industry event on 6 & 7 September 2017 at the Sofitel Bali Nusa Dua Beach Resort. The conference will bring to fore critical issues and industry trends that shape and transform the future of hospitality businesses in Indonesia, as well as in Southeast Asia. In addition to a number of focused panels discussions, this year’s program will feature an exciting series of master classes on a range of topics such as Project Management, Mergers & Acquisitions, Wellness & Luxury, and the Business of Food & Beverage. Furthermore, prominent industry leaders will be presenting Keynote Addresses on interesting subjects, some of which include The Changing Face of the Hotel Industry: Preparing for the Future; Tourism Indonesia: Current and Future Prospects; and Global Capital Markets. Besides, the delegates have a lot to look forward to in terms of ample networking opportunities; coordinated meetings with influential decision makers; and making deals in a collaborative atmosphere.

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Prince Hotels Buys StayWell Hospitality for US$37.9 Million 

Japanese hotel group, Prince Hotels, a subsidiary of Seibu Holdings, has acquired StayWell Hospitality Group (SWHG) including all the business operations of StayWell Group, which operates 30 hotels primarily in Australia and India. Prince Hotels will establish the 100 per cent fully owned Australian subsidiary, StayWell Holdings and this new company will purchase all shares of SWHG’s 22 operating subsidiary companies within the next three months. The final acquisition will be completed by October 2017. The acquisition will further strengthen the globalization and growth of the Seibu Group's hotel and leisure businesses, allowing Seibu Group to expand the profit earning opportunities of its international hotel business and carry out faster development of hotels in Southeast Asia, Asia and Oceania, the Middle East, and Europe.  Seibu Group plans to deploy 100 hotels in 10 years. Prince Hotels will continue collaborations with StayWell’s existing strategic partners such as the Manhatton Hotel Group in China, Cristal Group in the Middle East, and FiveWays Hospitality in the United Kingdom, and this deal will enable further expansion and development of StayWell’s businesses.

HVS APAC HOSPITALITY NEWSLETTER.
Avignon Capital Acquires the Hyatt Place Amsterdam Airport   

London-based European property investor Avignon Capital has purchased the Hyatt Place Amsterdam Airport for €53.8 million (€163,000 per room) from Hillgate Investments. The purposed-built, 330-room hotel is in Amsterdam’s Hoofddorp business district, a five-minute drive from Amsterdam Schiphol Airport. The transaction marks Avignon’s third deal in the Netherlands.

HVS EMEA HOSPITALITY NEWSLETTER.

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