Global Hospitality Report (July 3, 2017)

Key Drivers for Hotel and Resort Spa Profitability 
By Ryan Wall

The global spa movement, which includes wellness tourism, amounts to upwards of $3 trillion dollars per year. What physical and strategic elements are key to driving bottom-line performance at traditional and wellness-focused spas?

The Annual HVS Asia-Pacific Hotel Operator Guide 2017 – Excerpt 
By Pawinee Chaisiriroj and Daniel Voellm

The publication continues to serve owners as a reference for which operator has a strong presence in their home market and in potential future markets further ashore as well as key feeder markets across the region.

Of Course, Your Hotel Needs Refinancing! 
By Saurabh Gupta

This article suggests ways in which re-financing of existing debt can help an investor manage the systemic issues of hotel debt-capital structure in India.

HVS Market Pulse: Richmond, VA 
By Marcus Lee

Richmond was recently rated among the world’s top tourism destinations, and leisure demand remains a pillar of the city’s hotel industry. Corporations, government institutions, and conventions are also driving occupancies and interest in new supply.

Key Takeaways: SEAHIS 2017 
By Paola Orneli Bock and Micheline Widler

Key takeaways from the South East Asia Hotel Investors’ Summit include recurring themes throughout the region such as the rise of the millennial generation, the experience economy and the effects of political instability on regional outlook.

CDL Hospitality Trust Acquires Pullman Hotel Munich in Germany 

Singapore-based CDL Hospitality Trust (CDLHT) marks its first foray into continental Europe with the acquisition of Munich’s Pullman Hotel, along with its office and retail components for €98.9 million (S$154 million). Situated close to the major business district, the four-star hotel features 174 rooms and has easy access to the Allianz Arena, the English Garden, Olympic Stadium, and the fair grounds. The deal is accretive with a net property income yield of 5.6 per cent for FY2016 and will be fully funded by debt financing. According to Chief Executive Vincent Yeo, the move will strengthen the trust’s balance sheet and enhance financial flexibility, allowing it to pursue future growth opportunities through acquisitions and asset enhancements initiatives. CDLHT plans to acquire two additional European properties in 2017 once the existing deal is completed. Meanwhile, CDLHT also disclosed of raising S$255.4 million by launching a fully underwritten and renounceable rights issue as it realigns its capital structure through partially repaying its existing borrowings.

Recently Opened Park Plaza London Waterloo Sold  

CBRE Global Investors has purchased the recently opened Park Plaza London Waterloo, in central London, for approximately £160 million (£324,000 per room) from PPHE Hotel Group on behalf of ten of its pension fund investors. The 494-room hotel, close to Waterloo Station, has been sold on a sale and long-term leaseback basis.


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