Global Hospitality Report (December 26, 2017)

Market Pulse: Fort Worth, TX 
By Hunter Dietz and Kathleen Donahue

Fort Worth continues to experience a growth boom as the development landscape in both the urban and suburban submarkets evolves. How will an influx of proposed hotel supply affect the city’s downtown and outlying submarkets?

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Market Pulse: Seattle, WA 
By Kirsten Smiley, MAI

Once defined by grunge music, rainy weather, and Microsoft, Seattle has emerged as one of the most important and innovative epicenters in the country. The immense growth has created challenges, including high home prices, traffic, and homelessness.

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Reorganizing Spa Operations to Leverage Automation and Technology 
By Mia Mackman

Technology and automation are making exponential headway touching nearly all sectors of hospitality, including spa and wellness.

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China - Hotel Asset Management in Numbers 
By Daniel Voellm

The rapid development of China’s hotel industry has seen an unprecedented amount of supply come online since the turn of the millennia. Owning hotels requires a distinct skill set to maximize asset performance over time.

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Hilton Kuala Lumpur Sold for RM497 Million to Daito Trust Construction 

Japan-based Daito Trust Construction Co., Ltd. (“Daito”) has acquired the 503-key Hilton Kuala Lumpur for RM497 million (RM988,000 per key) from Japanese billionaire, Katsumi Tada, through the acquisition of Daisho Asia Development (M) Sdn Bhd (“Daisho Asia”), which owns the hotel. Daito, a company founded by Tada in 1974, also owns the Le Meridien Kuala Lumpur, located adjacent to the Hilton in Kuala Lumpur Sentral. Tada is said to have cut ties with Daito in 2011. The 35-storey hotel, with ten F&B outlets and nine function rooms, occupies approximately 12,300 square meters of freehold land with a gross floor area of 53,700 square meters, exclusive of the carpark. Its 15-year management contract with Hilton is also set to expire in 2019.

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