Global Hospitality Report (October 16, 2017)

Market Snapshot: Asia Pacific 2017  
By Jeremy Teo, and Victoria Jia Li Chan

The Market Snapshot: Asia Pacific 2017 highlights an overview of transaction activity in the region and presents 13 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

HVS Guide to Hotel Management Contracts | Includes 2017 Survey Results – Global, Americas, EMEA and APAC  

The HVS Guide to Hotel Management Contracts presents the results of an extensive review of hotel management agreements conducted across the Americas (USA, Canada and South America), Europe, the Middle East, Africa (EMEA), and the Asia Pacific (APAC) regions, in addition to offering an in-depth understanding of the key terms and clauses of such agreements. It covers 10 principal areas of discussions – management contract term, territorial restrictions, operator fees, operator performance test, budgeting, owner approvals, employees, indemnification, operator investment in property and termination of the agreement – which are considered critical for owner-operator negotiations. Furthermore, the substantive document includes exclusive HVS insights on key contract provisions supplementing the results of an invaluable and extensive survey that truly offer a global perspective by highlighting the common as well as unique trends in the primary geographies of the world. The global survey sample set comprises 475 hotel management contracts representing close to 120,000 rooms and 55 first-tier (branded) hotel management companies, in addition to several second-tier (third-party) management companies and few independent operators. You may order the full guide and survey report, or just a regional report; please select your preferred option prior to making the purchase.

Mantra Group Agrees to a A$1.18 Billion Buyout from Accor SA 

On 12 October, Australia-based Mantra Group agreed to a A$1.18 billion buyout from France-based Accor SA, following a bid just three days before. The deal will be the second biggest in Australia’s hotel sector and will create the largest hotel group in Australia with approximately 50,000 rooms or about 11 per cent of the country’s hotel market. Accor’s offer price of A$3.96 per share is a 23 per cent premium on Mantra Group’s last trade prior to the bid, and more than double of the group’s issue price of A$1.80 when it listed in 2014. Mantra’s board has unanimously voted in favour of the all-cash offer, but is still subject to a shareholder vote next March and necessary regulatory approvals.

Deka Immobilien Acquires the W Amsterdam  

The sale of the W Amsterdam in the Netherlands was announced this week. The 238-room hotel, which is split across two buildings (a former telephone exchange building, originally the Royal Dutch Post’s main communication centre, and the KAS Bank building) was acquired by Deka Immobilien for €260 million (approximately €1.09 million per room) from Europe Hotels.


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