Global Hospitality Report (December 11, 2017)

Market Pulse: Tampa, FL 
By Mallory Hall and Jeffrey Pennington

While Tampa, like other Florida markets, experienced a sluggish exit out of the recession, current economic indicators and area developments point to healthy market conditions and growth.

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Differentiating Lifestyle Hotel Brands in an Increasingly Competitive Category 
By Court Williams

Lifestyle hotel brands have realized that local experiences is a key factor in the popularity of Lifestyle Hotels. So, what is the future for the lifestyle hotel concept? I believe it’s a mix of personalization, with a healthy dose of technology.

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HVS Market Pulse: Lubbock, Texas 
By Hunter Dietz

Government and private revitalization efforts loom large in Lubbock, with more than a dozen new hotels scheduled to arrive by 2020. Major redevelopment projects promise to drive the demand for lodging, although full absorption may take several years.

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Five Reasons Why Developers and Owners Love Hotel Leases 
By Peter Szabo

With both macro- and micro-trends supporting fixed-income hotel investments, here are five reasons why there has never been a better time to structure hotel leases in decades.

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IHG Partners with SAMHI to Expand Holiday Inn Express Portfolio in India 

InterContinental Hotels Group has partnered with SAMHI to rebrand approximately 2000 rooms (operating and under construction) within its India hotel portfolio, to Holiday Inn Express hotels. The recently signed portfolio comprises 14 hotels, including ten open hotels across key cities such as Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, and Mumbai. The additional four hotels are under construction. All hotels in the portfolio will be closed while they are being refurbished and upgraded with the latest design directives, to ensure the portfolio is fully representative of the Holiday Inn Express brand globally. The partnership has strengthened IHG’s presence across India, with the newly signed hotels located across 11 key cities, resulting in 90 per cent of Holiday Inn Express portfolio being concentrated in Tier 1 cities. IHG currently has 30 hotels operating across four brands in India, including InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express, with a further 33 in the development pipeline.

HVS APAC HOSPITALITY NEWSLETTER.
Waldorf Astoria Jerusalem Sold  

It was reported recently that the Reichmann family has sold the 226-room Waldorf Astoria Jerusalem in Israel to a French group led by Michel Ohayon for an estimated US$130 million (US$575,000 per room). The Canadian Reichmann family purchased the former Palace Hotel, a stone’s throw from the Old City, in 2005. The transformation of the historic building started in 2007 and Israel’s first Waldorf Astoria welcomed its first guests in April 2014.

HVS EMEA HOSPITALITY NEWSLETTER.

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