Global Hospitality Report (March 7, 2018)

Manhattan Lodging Report Q4-2017 
By Roland deMilleret, MAI and Nicole Roantree

The following report examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the local lodging industry in the near term.

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2018 European Hotel Valuation Index 
By Simon Hulten and Sophie Perret

2017 was a spectacular year. The headwinds from geopolitical uncertainty and instability proved surmountable, and hotel values across Europe grew by 3.9%. Read the article in full for an in-depth look at average hotel values across Europe.

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2017 European Hotel Transactions 
By Peter Szabo, and Alexandre Rey

This article gives an overview of hotel investment volumes in Europe in 2017, discussing trends and forecasts and providing a comprehensive list of single asset and portfolio hotel deals above €7.5 million.

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HVS Chicago Investment Summit | Last Month to Register!  

Stacey Nadolny, MAI, and her team come together on April 11th to host an exclusive forum that will provide a unique opportunity to network with peers and industry stakeholders at the Langham Chicago Hotel. The event will featuring regional experts and provide interactive discussion forums on the opportunities and challenges facing the respective region's hotel industry. The registration fee includes a networking breakfast. Take advantage of this opportunity to gain professional contacts and current industry information to help you and your business prosper. Limited tickets are available to this intimate event. Our host and sponsor, Mr. Robert Schofield, Managing Director of The Langham Chicago will provide an introduction of the Langham Hospitality Group, and share the history of the magnificent hotel he leads.

Register Now!.
GIC and a group of international investors acquire a 55 per cent stake in AccorInvest 

Singapore’s sovereign wealth fund (“SWF”), GIC Private Limited (“GIC”), and a group of investors, including Saudi Arabia’s SWF, the Public Investment Fund (“PIF”), Credit Agricole Assurances, Colony NorthStar, and Amundi among others have signed an agreement to acquire a 55 per cent stake in AccorHotels’ property business arm, AccorInvest. The sale would result in a cash contribution of €4.4 billion for AccorHotels when it is finalised in Q2 2018, subject to certain regulatory approvals. AccorInvest’s 891 hotels would then be operated by AccorHotels under long-term contracts. For most of its hotels that are in the economy and midscale segment, it will be an average 30-year contract (including a ten-year renewal option) and for its upscale and luxury hotels, it will be a 50-year contract (including a 15-year renewal option).

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