Global Hospitality Report (November 7, 2016)

Resort With A Real Estate Ownership Component: A Turnaround Case Study 
By Erich Baum

In this article, we study a resort with a residential ownership component as a means of considering some of the key factors affecting this increasingly common property feature.

Hostel Market In America: Potential For Growth 
By Shiv Ariyakula

Over the past decade, Europe’s hostel market has shifted from budget-oriented, owner-operated assets to a more corporate model that promotes hostels’ social attributes. Can the success of the European model be replicated in certain U.S. markets?

hôtel Vagabond in Singapore Joins Tribute Portfolio 

Tribute Portfolio, part of Marriott International, debuted its first hotel in Singapore with the addition of hôtel vagabond, A Tribute Portfolio Hotel. Located just outside the central business district in Jalan Besar, the 41-key boutique property is owned by Harpreet Bedi and Santinder Garcha. Housed in a colonial-era Art Deco building, the hotel was designed by award-winning French designer Jacques Garcia and includes facilities such as an executive club lounge, a bar, a restaurant offering local signature dishes with a twist, and the Vagabond Salon – a modern interpretation of a Parisian salon. The hotel also features a signature rotational artist-in-residence program, which includes on-site performances, intimate events and interactive experiences. Under this program, local and international artists from all genres will be able to apply for a residency of up to three months, during which they will stay, work and interact with guests and visitors.

Cycas Hospitality Acquires Staybridge Suites Newcastle  

Hotel management company Cycas Hospitality has purchased the Staybridge Suites Newcastle, in the northeast England city of Newcastle upon Tyne, for an undisclosed sum. The 128-suite hotel, on Buxton Street, will continue to operate under its current brand, and it will be the fifth UK Staybridge Suites property managed by Cycas (one hotel in Liverpool, two in London and a hotel in Manchester due to open in 2017). Commenting on the group’s latest acquisition, Eduard Elias, managing partner of Cycas, said, “The city is well positioned on the high-speed East Coast mainline so most of the UK’s city hubs are just a short train ride away. New intercity trains are also due to run between Liverpool and Newcastle by December 2017. Newcastle’s accessibility, its skilled workforce and the presence of strong international companies makes it a natural fit for the extended-stay hotel market.”


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