Global Hospitality Report (October 17, 2016)

In Focus: Greece 
By Nana Boussia, Pavlos Papadimitriou and Themis Trakas

This article constitutes an update on the current state of the Greek Hotel Market featuring the latest news regarding the performance of the Greek tourism industry and highlighting recent and upcoming changes in the country’s hotel supply.

The Business of Leisure in India 
By Manav Thadani

This article challenges an industry paradigm that has since long held the Indian hotel industry back from exploring new avenues for revenue growth–leisure lacks the ability to make money. Fact is, a healthy market for leisure hotels exists in India.

HICSA Returns to the Gateway of India – Mumbai | 5 and 6 April, 2017 

HVS is pleased to announce the 13th edition of Hotel Investment Conference - South Asia (HICSA), scheduled to take place on 5 and 6 April, 2017. After a short stint at the nation’s capital, HICSA will move back to its home ground – Mumbai, with the conference being held once again at the Grand Hyatt Mumbai. Recognized as the one of the most premier industry events in the region, HICSA brings together more than 500 delegates each year from over 20 countries. Notable speakers at the 2017 conference include Amitabh Kant, CEO, NITI Aayog; Ashish Jakhanwala, CEO, SAMHI; Arun Saraf, MD, Juniper Hotels; Binod Chaudhary, Chairman, CG Corp Global; Chris Nassetta, President & CEO, Hilton Worldwide;  David Scowsill, President & CEO, World Travel and Tourism Council; Jonathan Vanica, MD Asian Special Situations Group, Goldman Sachs; Kapil Chopra, President, The Oberoi Group; Kavin C Bloomer, Executive Director, Morgan Stanley; Mark Hoplamazian, President & CEO, Hyatt Hotels Corporation; Michael Issenberg, Chairman & CEO - APAC, AccorHotels; Peter Henley, President & CEO, Onyx Hospitality, and Rakesh Sarna, MD & CEO, Taj Hotels Resorts & Palaces, to name a few.

Le Meridien’s Sentosa Hotel on the Market for S$300 Million 

The Le Meridian Singapore, Sentosa has been put on market at an asking price of S$300 million, according to sources. Formerly known as the Mövenpick Heritage Hotel Singapore, the hotel was rebranded as Le Meridien Singapore earlier this year in June. Located next to the Merlion Tower on the resort island of Sentosa, the 191-room property is owned by Treasure Resort Pte Ltd, and sits on a site with a balance lease term of about 59 years. With a land area of nearly 101,600 square feet and a gross floor area of approximately 144,000 square feet, Le Meridien Sentosa comprises a three-storey heritage building and a six-storey new block that was added in 2007. The heritage block houses 62 suites of about 48 square meters each, converted from old army barracks. The new block houses the rest of the room inventory, including 19 suites and two duplex penthouses.

Aina Hospitality Acquires Sofitel Brussels Le Louise  

Aina Hospitality has purchased the five-star Sofitel Brussels Le Louise in Belgium from the Maranatha Group for an undisclosed sum. The 169-room hotel is at the heart of the Belgian capital, Brussels, on Avenue de la Toison d’Or. Aina now owns three hotels that are operated under AccorHotels' luxury brands. “We are happy to strengthen our co-operation with Aina Hospitality on the basis of a long-term partnership with the luxury brands of the group in European capital cities, ”commented John Ozinga, chief operating officer of HotelInvest-Accor.


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