Global Hospitality Report (December 14, 2015)

Take Advantage of Free Cash! A User's Guide to Energy Incentives 
By Kevin Goldstein and Sonia Vasquez

Financial incentives can significantly improve the economics of a wide range of Return on Investment (ROI) projects. This article provides practical guidance on how to identify and secure incentives for energy efficiency investments.

In Focus Hotel Market Reports – East Coast 

In Focus Hotel Market Reports are prepared by HVS regional experts who are performing on-the-ground consulting and valuation assignments on a daily basis. These new HVS reports will help boost your due-diligence productivity and are available at a reasonable price of $495 per report. This week we announce the release of the following reports: In Focus: Boston, MA highlights Boston’s upward trend in hotel demand, which is expected to continue in the near future, absorbing new supply and reflective of the city’s expanding commercial and leisure demand generators. In Focus: Philadelphia, PA elaborates on the average rate and occupancy levels for Philadelphia hotels, which have grown consistently over the past several years. Hotel demand is anticipated to continue its upward trend in the near future, moderately outpacing supply growth.

Homeinns Sold to BTG for RMB11.05 billion 

Chinese state-owned BTG Hotels Group has announced that it will acquire domestic rival and leading economy hotel chain Homeinns Hotel Group for RMB11 billion (US$1.7 billion). BTG Hotels Group’s brands presently include BTG-Jianguo Hotels and Resorts, BTG-Jinglun Hotels and Shindom Inn, and the addition of Homeinns’ five brands will now help BTG round out its portfolio of brands. Listed on NASDAQ, Homeinns is the largest Chinese economy hotel chain, with more than 2,700 hotels in operation across 346 cities in China.

AccorHotels to Buy the Fairmont, Raffles and Swissôtel Brands  

AccorHotels has signed an agreement with the Qatar Investment Authority (QIA), Kingdom Holding Company (KHC) and Oxford Properties that will see the French group acquire FRHI Holdings Ltd, the parent company of the luxury Fairmont, Raffles and Swissôtel brands. Accor will issue 46.7 million new Accor shares to pay for the deal along with a cash payment of €768 million. QIA and KHC will become major shareholders, with stakes of 10.5% and 5.8%, respectively. The three brands comprise 115 hotels and resorts (more than 56,000 rooms) in operation and 40 properties under development (around 13,000 rooms) in major tourist destinations across 34 countries in five continents. This acquisition now enables AccorHotels to truly present a full range of hotel brands, from budget/economy to luxury, in a more emphatic manner. Commenting on the purchase, Sébastien Bazin, the Group’s Chairman and Chief Executive Officer, said, “This major acquisition demonstrates the Group’s agility in a fast-changing industry and will allow us to more effectively support our guests, clients and hotel owners. Through it, we are positioning ourselves as a key player in the current industry consolidation process while maintaining substantial leeway to implement our transformation plan.”


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