Global Hospitality Report (November 17, 2014)

Fee-for-Service Arrangements Provide Opportunities for New Entrants into the Shared Ownership Industry 
By Kathy Conroy and Gary Johnson

HVS consultants in Florida advise new entrants to consider the timeshare arena, thanks to new capital light and fee-for-service structures which, eliminate barriers to entry.

In Focus: Thessaloniki, Greece 
By Pavlos Papadimitriou and Panagiotis Verykios

This article summarizes the recent tourism trends in Thessaloniki, Greece.

HVS Global Hotel Management Contract Survey Report | A Significant Reference Document for Hotel Owners 

Hotel Management Contracts have evolved over time carrying varied characteristics in different parts of the world. Hotel owners, today, are a dissimilar lot themselves comprising traditional and non-traditional owners, (who have diversified into the hotel industry). Together, they necessitate the understanding of key terms and clauses of management contracts both from a regional and global perspective. The HVS Hotel Management Contract Survey compares and collates relevant information for owners from 236 management contracts representing 57,055 rooms across the USA, Europe and Asia Pacific. Hands-on owners, who want to understand a contract’s strategic levers thoroughly prior to signing, will stand to benefit from this substantial reference document. To purchase the full report, please visit the HVS BOOKSTORE.

Louvre Hotels Group Sold 

Shanghai travel company, Jin Jiang International Holdings Co., has bought Paris-based Louvre Hotels Group for a reported €1.2 billion. The deal, set to add 1,100 hotels, with more than 90,000 rooms, across 40 countries to Jin Jiang’s portfolio, is expected to take place during the first quarter of 2015 upon government approval in China. Louvre and Jin Jiang already have an established relationship following a commercial partnership in 2011 which saw them introduce a co-branding programme to selected hotels in China and France. Chairman of Jin Jiang International Holding Co., Yu Minliang, commented, “As a strategic investor, we are pleased, on the basis of close partnership over the past years, to reach consensus with Starwood Capital Group. There is strong complementary synergy between Louvre Hotel and Jin Jiang in brand portfolio, geographic footprint and guest base. We are looking forward to working with the management, employees and other stakeholders of Louvre Hotel Group so as to create larger space for both parties to grow globally.”

Radisson First Blue Now Red 

Carlson Rezidor Hotel Group announces the inaugural launch of its new brand Radisson Red located in the CBD of Hunnan New District, China. This new brand is envisioned to target Millennial-minded travellers with an emphasis on their fast changing demands. The design-oriented Radisson Red will host open social spaces to facilitate personal interaction among guests. Owners and investors can also expect lower construction and operating costs as a result of the brand’s multifunctional approach to design and efficient space planning. Owners will also gain greater flexibilities regarding the operating models of the brand. The 300-room Hunnan property owned by New Times Investment Co. Ltd will be the first of 60 properties expected to open within the region by 2020.


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