Global Hospitality Report (March 6, 2017)

2017 European Hotel Valuation Index 
By Nicole Perreten and Sophie Perret

2016 was a year of political surprises and uncertainty! Some cities performed well and others less so, resulting in almost no change in the European average. Read the article in full for an in-depth look at average hotel values across Europe.

2016 European Hotel Transactions 
By Peter Szabo and Friederike von Bünau

This article gives an overview of hotel investment volumes in Europe in 2016, discussing trends and forecasts and providing a comprehensive list of single asset and portfolio hotel deals above €7.5 million.

Key Takeaways: The CREF/MBA Conference 2017 
By Brett Russell and Desiree Flanary

This year marks a decade since the last peak in commercial real estate. Speakers at the 2017 CREF conference predict stability in lending activity, though tax and labor issues could curtail new construction.

Power Packed Global CEO Panel at HICSA | Mumbai, India 

Hotel Investment Conference - South Asia (HICSA) gains momentum for its 13th edition, once again bringing to fore the most relevant subject matter, key issues and latest industry trends that shape and transform the future of hospitality businesses in South Asia and around the world. HVS is proud to host yet another edition of this truly iconic industry event, on 5th and 6th April at Grand Hyatt Mumbai. One of the highlights of HICSA 2017 is the Global CEO Panel, which will bring together the frontrunners of four of the most respected global hotel companies, namely Christopher J Nassetta, President & CEO, Hilton; Mark Hoplamazian, President & CEO, Hyatt; Rakesh Sarna, MD & CEO, Taj Group, and Vikram Oberoi, MD & CEO, The Oberoi Group. The conference will also feature a series of powerful Keynote Addresses by eminent industry specialists, including Amitabh Kant, CEO, NITI Aayog; David Scowsill, President & CEO, WTTC; and Michael Issenberg, Chairman & CEO - APAC, AccorHotels. 

Singapore and Japan Collaborate to Attract Japanese Tourists to Singapore 

The Singapore Tourism Board (STB) and JTB Corp (JTB) – Japan’s largest travel agency, have signed a Memorandum of Understanding (MoU) to promote Singapore as a key destination for Japanese travelers. This is a significant milestone for both parties as it is the first MoU between the two organizations. The collaboration includes product development marketing, sales and public relations. STB and JTB will jointly develop and promote new travel packages customized to different consumer segments in the Japanese market, including first-time travelers. For instance, JTB customers have the opportunity to enjoy an exclusive, customized open-top bus tour of Singapore. STB and JTB hope to attract 90,000 Japanese visitors through this year-long campaign, starting from April 2017 till March 2018. 

Avignon Capital Enters the Hotel Market  

Avignon Capital has acquired two hotels in Germany let to MEININGER Hotels for €48.5 million (€105,000 per room) in an off-market transaction. The deal marks the European property investment firm’s first foray into the hotel market, with the aim of diversifying its porfolio. The group’s newest assets are the 296-room MEININGER Hotel Berlin Central Station and the 168-room MEININGER Hotel Frankfurt/Main Airport, which were built in 2010 and 2011, respectively. “The booming German hotel industry presented us with an opportunity to diversify our portfolio whilst sticking to our philosophy of investing in attractive locations with strong growth fundamentals,” said Avignon’s chief executive officer, Eric Mounier.


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