Global Hospitality Report (June 16, 2014)

Nairobi 2013: The Perfect Storm makes way for Nairobi 2014: Keep Your Nerve 
By Tim Smith

One of the most important hotel markets in Africa, Nairobi suffered a turbulent 2013. Unsurprisingly, hotel performance across the city fell. However, a detailed analysis of the market paints a more positive picture.

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In Focus: Airbnb's Inroads Into The Hotel Industry 
By Matthew Kurtz

Airbnb offers accommodations in nearly every major hospitality destination worldwide. Rates are often lower than comparable hotel rooms, and its popularity is rising—what does this mean for hotels?

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In Focus: London Luxury Hotels - Can the Market Rise Forever? 
By Christof Bertschi and Luisa Russell

London’s luxury hotels are amongst the most prestigious in the world and are the darlings of the hotel investment community. This report presents an overview of the London luxury hotel market.

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Mount Kellett Purchases Le Méridien Etoile, Paris 

It was reported this week that private equity firm Mount Kellett Capital Management has purchased the 1,025-room Le Méridien Etoile in Paris, France, from Starwood Capital and collapsed bank Lehman Brothers for €280 million (€273,000 per room). This is the second hotel Mount Kellett has acquired in the French capital over the last 18 months; it bought the Sofitel Paris Le Faubourg from Accor for €113 million (€769,000 per room) in February 2013.

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