Global Hospitality Report (August 15, 2016)

Chinese Investment Trends in U.S. Hotel Real Estate  
By Li Chen and Kirsten Smiley, MAI

Investment out of mainland China in U.S. hotel real estate has been on the rise for years. What’s driving the trend, and how has it affected hotel markets in the U.S.?

Brexit and Travel: The Risks of a Tourism Downturn in Asia 
By Larissa Lam and Daniel Voellm

On June 24, 2016, votes were tallied and UK was in favor of withdrawing from the European Union. How will the exit affect tourism in Asia? Join us, as HVS takes a closer look at the current situation.

Crowne Plaza Changi Airport Opens 10-Storey Extension Adding 243 New Rooms  

Crowne Plaza Changi Airport, named the World’s Best Airport Hotel by Skytrax World Airport Awards in 2015 and 2016, recently revealed its new 10-storey extension. The extension, featuring 243 rooms specifically designed for business travelers, will increase the hotel’s total capacity by over 75%. With a total of 563 rooms now, Crowne Plaza Changi Airport will be able to cater to an increasing number of visitors to Singapore, as Changi Airport continues to grow as a key regional aviation hub with upcoming developments such as Terminal 4 and Jewel Changi Airport in the next few years. Designed by Singapore-based architectural firm WOHA, who also designed the main building, the extension was developed by OUE Limited using Prefabricated Prefinished Volumetric Construction (PPVC) techniques – a first for a private-sector commercial project in Singapore.

Vine Hotels Picks Up a New Strand in Sheffield  

UK hotel owner, management and development firm Vine Hotels has purchased the four-star Kenwood Hall hotel in the city of Sheffield, northern England, from hotel and conference venue operator Principal Hayley off a guide price of £6.5 million. Vine Hotels now plans to carry out a multimillion pound refurbishment at the 114-room hotel, which is set in 12 acres of parkland one mile from the city centre. The group’s latest deal brings its portfolio of owned hotels up to six (with five properties in Sheffield and one in Southampton).


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