Global Hospitality Report (February 13, 2017)

Market Pulse: Houston 
By J. Carter Allen

New high-end hotel supply, a burgeoning Convention District, and the national spotlight of Super Bowl LI have boosted the revitalization of Downtown Houston’s hotel market, with positive trends in demand and performance expected to continue in 2017.

Key Considerations for Historic Building Conversions 
By Shannon Sampson, McKenna Luke, MAI and Mallory White

In response to rising demand for unique designs, developers are turning to adaptive reuse as a means of creating one-of-a-kind hotels. Historic building conversions come with their own sets of challenges, balanced by potential rewards.

HVS Market Pulse: Antigua 
By Kristina D'Amico

Caribbean Journal’s 2016 “Destination of the Year,” Antigua’s growing tourism industry has spurred developer interest in building new luxury hotels on the island. An innovative financing-through-citizenship program is helping to fund the effort.

Crowne Plaza Kota Kinabalu Waterfront Hotel to Open in 2021 

Golden Wave Sdn Bhd and InterContinental Hotels Group have recently signed a hotel management agreement for a 367-room hotel, which is scheduled to open by 2021 in Kota Kinabalu, Sabah, East Malaysia. The Crowne Plaza Kota Kinabalu Waterfront will be one of the components of a mixed-use development alongside high-end residences and several food and beverage outlets, which offer striking views of the waterfront. The hotel will be approximately a 10-minute drive away from the Kota Kinabalu International Airport and within walking distance to major offices, shopping malls and tourist attractions, making it a strong choice for travelers who look to reduce travel time. While Kota Kinabalu is recognized to be one of the newest emerging tourist destinations in Malaysia, the hotel is expected to also benefit by being a popular option for both business and leisure travellers due to its prime location.

HVS Hodges Ward Elliott Acts on Sale of Threadneedles Hotel to YTL  

Malaysian firm YTL has purchased the 74-room Threadneedles, an Autograph Collection Hotel, within London’s Square Mile, increasing YTL’s portfolio of Autograph Collection properties to four (two in the UK and two in Kuala Lumpur). HVS Hodges Ward Elliott acted as exclusive agent for the seller. The Grade II-listed Victorian building formerly housed the head offices of City and Midland Bank and became a hotel in 2002, becoming one of Marriott International’s first UK additions to its Autograph Collection in 2013.


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