Global Hospitality Report (April 24, 2017)

HVS Market Pulse: Reno, NV 
By Desiree Flanary

After recovering from an influx of new supply followed by the recession, hotel developers are looking again at Reno. New start-ups and business expansions have also stoked interest in non-gaming hotels in this historically casino-centered market.

Hotel Management Contracts in Europe 
By Dayk Balyozyan, Sophie Perret and Chris Martin

This article reviews the main terms of hotel management contracts in Europe. The terms provided are broad indications only, and can vary significantly depending on element such as asset class, location, brand, operator and type of investor.

Shilla Stay Expands Portfolio with Two New Properties, Including Debut in Busan 

Shilla Hotels & Resorts’ premium business brand, Shilla Stay, announced the opening of two new properties in Seocho, Seoul, and Haeundae, Busan. While Shilla Stay Seocheo is an addition to Shilla Stay’s existing portfolio in Seoul, Shillla Stay Haeundae represents the company’s flagship hotel in Busan. Opened on 1 April, Shilla Stay Seocheo is located in Seoul’s Gangnam commercial district. The hotel offers a selection of 305 rooms across three categories, a guest lounge with self-service options like a laundry and cooking facilities, six function rooms, and a restaurant. The second property, Shilla Stay Haeundae, which opened on 18 April, is a few minutes’ walk away from the scenic Haeundae Beach. Featuring residential-style accommodation with a relaxed resort atmosphere, the hotel offers 407 rooms, a restaurant and rooftop pool.

Malmaison and Hotel du Vin’s Chief Executive Announces His Departure from the Group 

Malmaison and Hotel du Vin’s (MHdV) chief executive, Paul Roberts, is to step down, five years after taking up the role of finance director with the company. Mr Roberts is due to leave the company on 30 June 2017 but he won’t be replaced; instead his responsibilities will be taken on by Guus Bakker, chief executive for the EMEA region with MHdV’s owing company, Frasers Hospitality. “I have no doubt the brands will continue to grow, innovate and lead the way whilst staying true to their principles of outstanding service and unique experiences. They have great future ahead. However, after five years with the business, I feel the time is right for me to embark on the next phase of my career,” said Mr Roberts.


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