Global Hospitality Report (May 11, 2015)

Trends and Opportunities South America 2014 | 2015 
By Diogo Canteras, and Pedro Cypriano

This article analyzes hospitality markets in six major South American cities – Buenos Aires, Santiago, Bogota, Lima, Rio de Janeiro and São Paulo – discussing key performance indicators in 2014 vis-à-vis past years and future outlook for 2015.

U.S. Supply Growth in Check with Demand 
By Susan Furbay

Years of rising average daily rates and demand, among other factors, have made the ground fertile for new hotel supply. How will the growing pipeline of new hotels impact hotel markets in the near term?

Fico Group Plans Expansion 

Fico Group plans to further invest 2.1 billion baht in its hotel business over the next three years. The group has earmarked 525 million baht toward acquisitions of hotels in Europe. This includes the acquisition of the Lion Hotel in Shrewsbury. On the domestic front, the group plans to invest approximately 1.6 billion baht in three properties. Fico will launch a 500 million baht budget hotel on Silom road in 2016-2017. This would be the group’s first property in the budget category. The two additional projects include a 1 billion baht apartment complex in Ekamai and a 70-80 million baht renovation of the Le Fenix hotel in Sukhumvit Soi 11, with plans to turn it into a boutique hotel.

Art-Invest Purchases Le Méridien Parkhotel Frankfurt  

Cologne-based Art-Invest Real Estate has acquired Le Méridien Parkhotel Frankfurt in Germany from private equity group Kildare Partners for an undisclosed sum for its Hotel-Manage to Core fund. The 300-room hotel, close to Frankfurt's main railway station, is now being operated by Munich Hotel Partners (MHP) under a long-term lease agreement. MHP, a franchisee of Starwood Hotels & Resorts, will continue to run the property under the Le Méridien brand. Along with MHP, Art-Invest plans to invest €10 million in a refurbishment of the hotel, which will remain open during the work. This is the fourth acquisition Art-Invest has carried out for its Hotel-Manage to Core fund.


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