Global Hospitality Report (October 20, 2014)

Indonesia Hotel Watch 2014 
By Marc Kramer, and Feny Sindarta

IHW 2014 provides comprehensive up-to-date information on tourist arrivals, hotel performance trends, existing and future hotel supply; covering Jakarta, Surabaya, Bandung, Bali, Bintan, Bogor, Lombok, Medan, Yogyakarta and Makassar.

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In Focus: Hyatt Brands Performance Update 
By Desiree Flanary and Ryan Mark

Hyatt Hotels Corporation, one of the world’s premier hotel companies, has expanded in scope and performance across its stable of brands over the past year. Which fared the best in terms of occupancy, average rate, and overall growth?

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In Focus: Turin, Italy 
By Ezio Poinelli, Pavlos Papadimitriou and Panagiotis Verykios

This article illustrates the recent tourism trends in the city of Turin, Italy.

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Dalata Picks Up Part of Project Nadal  

Dalata Hotel Group is buying two new hotels in Ireland. The Dublin-based group has agreed to acquire the four-star, 195-room Clayton Hotel close to the Ballybrit Racecourse in county Galway and the four-star, 157-room Whites Hotel in the town of Wexford for €31.7 million, payable in cash. The sale price of the Clayton Hotel is reported to be €20 million (€102,600 per room) and the Whites Hotel fetched €11.7 million (€74,500 per room). Dalata has operated both hotels under management contracts since 2009 and the sale is expected to close in the next four weeks. The hotels were on the market as part of the €200 million Project Nadal portfolio, which includes eight hotels and two hostels that are being sold by Ulster Bank as part of its ongoing divestment from Ireland’s hotel market. Apollo and Goldman Sachs are said to also be purchasing assets from the portfolio.

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