Global Hospitality Report (May 4, 2015)

In Focus: Siem Reap 
By Bhoomija Vadehra and Lara Sarheim

This article summarizes the recent tourism trends in Siem Reap, Cambodia.

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What Does the California Drought Mean for the Hospitality Community? 
By Diane Vondrasek

This article summarizes the impact of the California drought on the hospitality community, including a review of the recent Executive Order on water conservation and its impacts on water availability, rates, and hotel operating practices.

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3 Hot Topics Presented at the HOLA Investment Conference 2015 
By Mariana Jackson

This article provides critical insights and opportunities shared at the Hotel Opportunities Latin America (HOLA) Conference in Miami with expressions of optimism, particularly for Cuba.

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Five Key Takeaways | 2015 CREJ Hotel & Resort Summit 
By Brett Russell

Denver’s hotel industry is leading the nation in development trends and overall performance. Experts at the annual lodging conference, Colorado’s biggest, also shared insights on ski resort markets in the state.

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Three Key Takeaways | 2015 HELP - Hotel Equity & Lender Perspectives Conference 
By Anne Lloyd-Jones, MAI, CRE, Brian Bisema and Preston Puleo

Hotel experts and stakeholders convened in Boston to present positive trends in U.S. hotel lending, development, performance, and values. For Boston-area hoteliers, the potential impacts of a 2024 Olympics bid took center stage.

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Hilton Worldwide Announces Sale of Hilton Sydney 

In its latest quarterly performance report released on April 29 2015, Hilton Worldwide reported on the sale of the 577-key Hilton Sydney for AU$442 million. As part of the sale agreement, Hilton will continue to manage the property under a 50-year management agreement. Sydney has seen several large hotel deals in the last one year, including Starwood’s record-setting sale of the 557-key Sheraton-on-the-Park to Sunshine Insurance Group Corporation, a China-based company, for AU$463 million. Currently, Singapore’s GIC Private is looking to sell yet another Starwood branded property, the 414-key Westin Sydney on Martin Place, with hopes that international interest could push the value of the hotel past AU$400 million.

HVS APAC HOSPITALITY NEWSLETTER.
Accor Announces Sale-and-Franchise-Back Deal  

Accor has sold 29 hotels (3,354 rooms) across Germany and the Netherlands under a sale-and-franchise-back deal for €234 million. The acquisition price for the hotels (18 in Germany and 11 in the Netherlands) is €209 million but the portfolio's buyer is to invest a further €25 million in renovation of the properties. The deal, with one of its main franchisees, Germany-based Event Hotels, is expected to close before the end of the summer. The portfolio includes two ibis budget hotels, 12 Mercure properties and four Novotel hotels

HVS EMEA HOSPITALITY NEWSLETTER.

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