DOCSLIB.ORG

Market Feasibility Study for a Proposed Hotel in the City of Eloy Pinal County, Arizona

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Market Feasibility Study for a Proposed Hotel in the City of Eloy Pinal County, Arizona MARKET FEASIBILITY STUDY FOR A PROPOSED HOTEL IN THE CITY OF ELOY PINAL COUNTY, ARIZONA Date of Report: February 28, 2020 FOR Mr. Jeff Fairman Economic Development Specialist City of Eloy 595 North C Street Eloy, AZ 85131 February 28, 2020 Mr. Jeff Fairman Economic Development Specialist City of Eloy 595 North C Street Eloy, AZ 85131 RE: Proposed Hotel City of Eloy, Pinal County, Arizona Dear Mr. Fairman: In fulfillment of our engagement letter, we completed our study of the market demand and economic feasibility for the proposal to develop an upper-midscale quality level limited-service hotel in the City of Eloy, Pinal County, Arizona. The study is based upon market conditions observed as of the date of our market inspection on December 4, 2019, and research conducted in December 2019 and January 2020. The city is considering multiple sites entirely within its jurisdiction for the development of the proposed hotel, all of which are near, or along Interstate 10. The hotel would be developed by a to be determined private company. Assumptions The conclusions contained in this report are based upon a review of information provided by you and on-site field work in the market area, which is described in the Scope of Assignment section. As in all studies of this type, the conclusions do not take into account or make provisions for the effect of any sharp rise or decline in local or general economic conditions not presently foreseeable. The estimated results are based on competent and efficient management of the proposed hotel, as well as an aggressive marketing program. We assume the subject will hire appropriate management personnel to operate and market the hotel. We assume that the subject will operate as a branded hotel affiliated with a major national franchise. We assume the proposed hotel will open January 1, 2022. We presume no significant change in the competitive position of the hotel industry in the area from that as set forth in this report. We do not warrant that the estimates will be attained, but they have been conscientiously prepared on the basis of information obtained and our experience in the hotel industry. It is expressly understood that the scope of this study and the report thereon do not include the possible impact of building regulations, permitting requirements, or other restrictions concerning the project, except where such matters have been brought to our attention and are set forth in this report. Cleveland, Ohio ● 216-228-7000 www.hladvisors.com San Antonio, Texas ● 210-319-5440 Corporate Headquarters: 14805 Detroit Avenue, Suite 420, Cleveland, Ohio 44107-3921 Mr. Jeff Fairman February 28, 2020 Page 2 This report and its contents are intended solely for the information of our client for internal use relative to determining the project’s feasibility. The report should not be relied upon for any other purpose. Neither our report nor any of its contents nor any reference to Hotel & Leisure Advisors, LLC (H&LA) may be disseminated online or included or quoted in any document, offering circular, registration statement, prospectus, sales brochure, other appraisal, or other agreement without our prior written approval. Such permission will not be unreasonably withheld. We offer additional consulting services on this proposed property as the scope of the development is finalized. We are available to prepare a full narrative appraisal report, economic impact study, or management company analysis for the proposed development upon your request. We appreciate the opportunity to be of service to the City of Eloy and look forward to working with you again. Respectfully submitted, Hotel & Leisure Advisors, LLC David J. Sangree, MAI, ISHC President Adam Zarczynski, CHIA Associate MARKET FEASIBILITY STUDY REPORT FOR A PROPOSED HOTEL - ELOY MULTIPLE SITES ELOY, PINAL COUNTY, ARIZONA TABLE OF CONTENTS A. INTRODUCTION Scope of the Assignment .......................................................................... A-1 Executive Summary................................................................................ A-2 Extraordinary Assumptions and Hypothetical Conditions.............................. A-8 Competency of the Consultants................................................................ A-9 Standard Conditions ............................................................................... A-9 B. AREA ANALYSIS AND DESCRIPTIVE DATA Area Review .......................................................................................... B-1 Neighborhood and Site Analysis ...............................................................B-12 Description of Projected/Recommended Improvements ...............................B-24 Franchise Affiliation Analysis ....................................................................B-26 Development Costs ................................................................................B-29 C. MARKET ANALYSIS National Lodging Overview ...................................................................... C-1 Eloy Regional Area Lodging Overview ....................................................... C-9 Competitive Lodging Market Overview ......................................................C-10 Projected Market Occupancy ....................................................................C-30 Demand Interviews ................................................................................C-31 D. SUBJECT OCCUPANCY AND AVERAGE DAILY RATE ANALYSIS SWOT Analysis of Subject Property........................................................... D-1 Projected Subject Occupancy ................................................................... D-2 Estimated Average Daily Rate .................................................................. D-6 E. FINANCIAL ANALYSIS Introduction .......................................................................................... E-1 Income and Expense Analysis .................................................................. E-3 Prospective Financial Analysis in Inflated Dollars ........................................E-13 Feasibility Analysis .................................................................................E-17 F. CERTIFICATION ...................................................................................... F-1 ADDENDA Qualifications ............................................................................ Addendum I STR Report............................................................................... Addendum II Franchise Fact File .................................................................... Addendum III City of Eloy Business License ..................................................... Addendum IV Proposed Hotel - Eloy, Arizona Introduction A-1 SCOPE OF THE ASSIGNMENT Jeff Fairman with the City of Eloy retained Hotel & Leisure Advisors, LLC to estimate the potential market feasibility of the development of a hotel at one of three sites in Eloy. We made a number of independent investigations and analyses while preparing this study, including: Evaluated the subject sites and their relationship to potential demand generators as well as attributes relative to the lodging competitors. Interviewed representatives of the chamber of commerce, assessor’s office, and city, county, and economic development officials, to collect information concerning the proposed sites and region. Interviewed managers or owners of existing and proposed competitive hotel properties. Interviewed representatives of various hotel chains to determine performance of area hotels and proposed new supply additions. Interviewed representatives of area attractions to determine usage and new supply additions. Conducted demand interviews and research with potential users of the proposed facility. Consulted various agencies and databases for demographic data, land use policies and trends, growth estimates, and employment data. We also relied on data retained in our office, which is updated regularly for use in all assignments. Completed a physical inspection of the subject properties and the area. Jeff Fairman provided the subject property data. In addition to the subject’s specific information, we considered relevant market data in determining the projections used in our cash flow analysis. We based the financial analysis primarily upon the probable operating experience of the property relative to gross operating revenues, typical expense levels, and resultant net cash flow. We estimated operating revenues utilizing market data relative to industry standards and comparable properties in the subject area. We estimated expense levels based upon industry standards and operating histories of similar properties. We estimated the financial projections for the subject facility for 11 years, beginning January 1, 2022. Proposed Hotel - Eloy, Arizona Introduction A-2 EXECUTIVE SUMMARY The City of Eloy is exploring the possibility of a hotel development and have identified three potential sites on which the hotel could be developed. The three sites are each at one of the three exits on Interstate 10 that runs through Eloy (Exit 200 Sunland Gin Road, Exit 203 Toltec Highway, and Exit 208 Sunshine Boulevard). The Sunland Gin site contains approximately 631 acres, the site at the Toltec Highway exit contains 13.33 acres, and the site along Sunshine Boulevard contains more than 1,500 acres. The following map shows the three locations being considered. Proposed Hotel - Eloy, Arizona Introduction A-3 Proposed Hotel - Eloy, Arizona Introduction A-4
Load more

Recommended publications
  • Inroom Connections/Hotair Network Group Melbourne, Florida Voice: 877-464-4742
    InRoom Connections/HotAir Network Group Melbourne, Florida Voice: 877-464-4742 www.InRoomConnections.com www.hotairnetwork.com La Quinta. Spanish for “free, high-speed Internet.” Well-established local company HotAir Network Group selected over several national providers. COCOA BEACH, FL - November 2013 – InRoom Connections, under the operations of HotAirNetwork is pleased to announce that La Quinta Inn & Suites in Cocoa Beach has successfully converted to the HotAir Guest Internet Solution. La Quinta Inn & Suites, originally built and operated by the seven original astronauts of the Apollo mission to the moon, recently evaluated several national and local providers to find the most effective guest Internet solution. The La Quinta Inn & Suites is centrally located between Kennedy Space Center and Patrick Air Force Base. The hotel draws a diverse mixture of guests - the majority are business professionals, along with the more typical vacationers to Florida's Space Coast. “HotAir was the clear selection. A majority of our guests are professionals on business travel to the area. Our guests need to connect easily and, when necessary, get responsive and professional support through the provider's technical support," said Don Terzieff, General Manager of La Quinta Inn & Suites in Cocoa Beach. “HotAir was the right answer at every level. My guests report that when it is necessary to call for support, they are typically connected and surfing within five minutes. This is the type of customer support we demand.” “The selection of HotAir by La Quinta Inn & Suites is a testimony to our comprehensive and professional solution. The management team has a full understanding of their guests and what it takes to provide them with the level of service they require.
    [Show full text]
  • Marriott International Annual Report 2019
    Marriott International Annual Report 2019 Form 10-K (NASDAQ:MAR) Published: March 1st, 2019 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 MARRIOTT INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 52-2055918 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 10400 Fernwood Road, Bethesda, Maryland 20817 (Address of Principal Executive Offices) (Zip Code) Registrant’s Telephone Number, Including Area Code (301) 380-3000 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Class A Common Stock, $0.01 par value Nasdaq Global Select Market (339,668,839 shares outstanding as of February 20, 2019) Chicago Stock Exchange Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in rule 405 of the Securities Act. Yes ý No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No ý Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Proposed Homewood Suites Atlanta Airport
    SUMMARY MARKET STUDY Proposed Homewood Suites Atlanta Airport 3405 BOBBY BROWN PARKWAY ATLANTA, GEORGIA SUBMITTED TO:PR OPOSED PREPARED BY: Mr. Sachin Patel HVS Consulting and Valuation Services American Life Inc Division of Hotel Appraisals, LLC 2100 Parklake Drive North East, Suite P 369 Willis Avenue Atlanta, Georgia 30345 Mineola, New York 11501 +1 770 938-2060 +1 516 248-8828 December - 2013 December 20, 2013 Mr. Sachin Patel American Life Inc 2100 Parklake Drive North East, Suite P Atlanta, Georgia 30345 HVS NEW YORK Re: Proposed Homewood Suites Atlanta Airport 369 Willis Avenue Atlanta, Georgia Mineola, New York 11501 HVS Reference: 2013010798 +1 516 248-8828 +1 516 742-3059 FAX www.hvs.com Dear Mr. Patel: Atlanta Boston Pursuant to your request, we herewith submit our summary market study Boulder pertaining to the above-captioned property. We have inspected the real estate and Chicago analyzed the hotel market conditions in the Atlanta, Georgia area. We have studied Dallas the proposed project, and the results of our fieldwork and analysis are presented Denver in this report. We have also reviewed the proposed improvements for this site. Our Houston report was prepared in accordance with the Uniform Standards of Professional Las Vegas Appraisal Practice (USPAP), as provided by the Appraisal Foundation. Mexico City Miami Minneapolis We hereby certify that we have no undisclosed interest in the property, and our Nassau employment and compensation are not contingent upon our findings. This study is New York subject to the comments made throughout this report and to all assumptions and Newport limiting conditions set forth herein.
    [Show full text]
  • All Securities Law, Franchise Law, and Take-Over Law Filings for 3/28/2021 Through 4/3/2021
    All Securities Law, Franchise Law, and Take-Over Law Filings for 3/28/2021 through 4/3/2021 Securities Law Registration Filings Made with DFI’s Securities Division Firm Name Location Date File Number Status Received Capital Impact Partners Arlington, VA 3/30/2021 863527-02 Registered Number of Registration Filings: 1 Securities Law Exemption Filings Made with DFI’s Securities Division Firm Name Location Date File Number Status Received Life Point Christian Fellowship San Tan Valley, 3/31/2021 863617-08 Not Disallowed D/B/A Lifepoint Church AZ Number of Exemption Filings: 1 Securities Law Federal Covered Security-Investment Company Filings Made with DFI’s Securities Division Firm Name Location Date File Number Status Received AMG Funds III AMG GW&K High Greenwich, CT 4/2/2021 863525-03 Filed Income Fund Class I Ei. Ventures, Inc. Kihei, HI 4/2/2021 863624-25 Filed Epilog Imaging Systems, Inc. San Jose, CA 4/2/2021 863623-25 Filed 1WS Credit Income Fund Class New York, NY 4/1/2021 863521-59 Filed A-2 Shares Advisors Series Trust First Milwaukee, WI 4/1/2021 863520-03 Filed Sentier American Listed Infrastructure Fund Class I FS Series Trust FS Real Asset Philadelphia, PA 4/1/2021 863523-03 Filed Fund Class A FS Series Trust FS Real Asset Philadelphia, PA 4/1/2021 863524-03 Filed Fund Class I Morgan Stanley Institutional New York, NY 4/1/2021 863522-03 Filed Fund, Inc. Emerging Markets Leaders Portfolio Class IR Aspiriant Risk-Managed Capital Milwaukee, WI 3/30/2021 863622-59 Filed Appreciation Fund Aspiriant Risk-Managed Real Milwaukee,
    [Show full text]
  • 2018 Hotel Brand Reputation Rankings: USA & Canada
    REPORT 2018 Hotel Brand Reputation Rankings: USA & Canada October 2018 INDEX Introduction 4 Methodology 6 The Importance of Brand Reputation 7 Key Data Points: All Chain Scales 8 Key Findings 9 Summary of Top Performers 10 ECONOMY BRANDS Overview 13 Top 25 Branded Economy Hotels 14 Economy Brand Ranking 15 Economy Brand Ranking by Improvement 16 Economy Brand Ranking by Service 17 Economy Brand Ranking by Value 18 Economy Brand Ranking by Rooms 19 Economy Brand Ranking by Cleanliness 20 Review Sources: Economy Brands 21 Country Indexes: Economy Brands 22 Response Rates: Economy Brands 22 Semantic Mentions: Economy Brands 23 MIDSCALE BRANDS Overview 24 Top 25 Branded Midscale Hotels 25 Midscale Brand Ranking 26 Midscale Brand Ranking by Improvement 27 Midscale Brand Ranking by Service 28 Midscale Brand Ranking by Value 29 Midscale Brand Ranking by Rooms 30 Midscale Brand Ranking by Cleanliness 31 Review Sources: Midscale Brands 32 Country Indexes: Midscale Brands 33 Response Rates: Midscale Brands 33 Semantic Mentions: Midscale Brands 34 UPPER MIDSCALE BRANDS Overview 35 Top 25 Branded Upper Midscale Hotels 36 Upper Midscale Brand Ranking 37 Upper Midscale Brand Ranking by Improvement 38 Upper Midscale Brand Ranking by Service 39 Upper Midscale Brand Ranking by Value 40 Upper Midscale Brand Ranking by Rooms 41 Upper Midscale Brand Ranking by Cleanliness 42 Review Sources: Upper Midscale Brands 43 Country Indexes: Upper Midscale Brands 44 Response Rates: Upper Midscale Brands 44 Semantic Mentions: Upper Midscale Brands 45 Index www.reviewpro.com
    [Show full text]
  • List of Area Hotels
    LIST OF AREA HOTELS Historic Brunswick (within approx. 8 mi.) Brunswick Manor McKinnon House Bed & Breakfast Parker-Kaufman Realtors 912-265-6889 912-261-9100 912-265-7711 825 Egmont Street 1001 Egmont Street 509 Gloucester Street Brunswick, GA 31520 Brunswick, GA 31520 Brunswick, GA 31520 Watershill Bed & Breakfast 912-264-4262 728 Union Street Brunswick, GA 31520 I-95 and Surrounding Areas (within approx. 13 mi.) Baymont Inn & Suites Best Western Plus Brunswick Inn & Suites Clarion Inn 912-267-0800 912-265-1114 912-264-4033 661 Scranton Rd 126 Venture Drive 5252 New Jesup Hwy Brunswick, GA 31520 Brunswick, GA 31525 Brunswick, GA 31525 Comfort Inn Concorde Suites Country Inn & Suites 912-264-6540 912-267-7772 912-265-3016 5308 New Jesup Hwy 110 Center Drive 211 Gateway Center Blvd Brunswick, GA 31525 Brunswick, GA 31520 Brunswick, GA 31525 Courtyard by Marriott Days Inn Econo Lodge 912-265-2644 912-264-4330 912-264-8666 580 Millenium Blvd 5033 New Jesup Hwy 2300 Perry Lane Road Brunswick, GA 31525 Brunswick, GA 31520 Brunswick, GA 31525 Embassy Suites Hotel of the Golden Isles Fairfield Inn & Suites The Guest Cottages 912-264-6100 912-264-2060 912-264-6767 500 Mall Boulevard 107 Gateway Circle 150 Venture Drive Brunswick, GA 31525 Brunswick, GA 31525 Brunswick, GA 31525 Hampton Inn & Suites Holiday Inn & Suites Jameson Inn 912-261-0939 912-264-3300 912-261-0002 128 Venture Drive 138 Glynco Parkway 230 Warren Mason Blvd Brunswick, GA 31525 Brunswick, GA 31525 Brunswick, GA 31520 La Quinta Inn & Suites Magnuson Hotel Microtel Inn & Suites 912-265-7725 912-264-0144 912-554-1430 165 Warren Mason Blvd 5323 New Jesup Hwy 146 Gateway Center Blvd Brunswick, GA 31520 Brunswick, GA 31523 Brunswick, GA 31523 Ramada Inn Red Roof Inn Sleep Inn & Suites 912-264-2099 912-264-4720 912-262-2792 15 Wammock Street 25 Tourist Drive 200 Stellar Drive Brunswick, GA 31525 Brunswick, GA 31520 Brunswick, GA 31525 Super 8 Motel Quality Inn 912-264-8800 912-265-4600 5280 New Jesup Hwy 125 Venture Drive Brunswick, GA 31523 Brunswick, GA 31525 Jekyll Island (within approx.
    [Show full text]
  • Federico J. González
    THE CONVERSATION Radisson Hotel Group FEDERICO J. GONZÁLEZ The hotel group’s Chairman of the Global Steering Committee tells Andy Hoskins about his company’s transformation and its grand aspirations ighteen months have passed since “Jinjiang is very focused on hotels whereas segment that are competing against each Federico J. González joined the [current owners] HNA are more dispersed other in the same town or neighbourhood. E Radisson Hotel Group and he has in different sectors, so I think you can Our investors and hotel owners know they already overseen a re-brand of the two expect to see significant growth across all won't be competing against another Radisson arms of the company (based in Brussels our brands in China,” says González. in the same segment in the same town.” and Minneapolis) and implemented a And in a world of big brand mergers and If the group has a weakness it is perhaps five-year plan to “transform the company acquisitions, could Radisson and Jinjiang up its relatively uneven distribution of brands, in terms of revenue and reputation”. the ante? “I think so. We have a very strong, with Radisson Blu and Park Plaza strong in Previously known as the Carlson Rezidor aggressive five-year growth plan but that is Europe, for example, while Radisson hotels Hotel Group, the change of title brought the without factoring in any acquisitions. There and Country Inn and Suites are abundant Radisson name – its best-known brand – is already a significant amount of revenue across North America. to the fore, ditching the incongruous and profit potential in the existing business.
    [Show full text]
  • Proposed Downtown Berryville Hotel
    Proposed Downtown Berryville Hotel Berryville, Virginia 22611-1315 NKF Job No.: 19-0004412 Feasibility Study Prepared For: Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 Prepared By: Newmark Knight Frank Hospitality, Gaming & Leisure Group Valuation & Advisory 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 July 19, 2019 Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 RE: Feasibility Study of a Proposed Downtown Berryville Hotel Downtown Berryville , Berryville, Virginia NKF Job No.: 19-0004412 Newmark Knight Frank Valuation & Advisory, LLC has prepared a feasibility study of the referenced property in the following report. Summary of the Proposed Subject Property The feasibility study considers development of a proposed hotel in Downtown Berryville on or proximate to Main Street. The subject site has average access to major roadway (State Route 7) because of its proposed location in downtown Berryville's Main Street district, limiting its visibility and ease of ingress and egress from a major roadway. While the proposed site is proximate to some demand generators, the low density of commercial developments in the area is projected to be a weakness. Leisure attractions in Berryville and Clarke County including vineyards, historic manors and event venues, and Barns of Rose Hill will help mitigate this weakness. Visibility is considered to be average, relative to other historic downtown locations, due to its proposed multi- level configuration, assumed signage, and on or proximate to Main Street. State Route 7, which connects Berryville to neighboring Winchester and Leesburg, is less than a mile north from central downtown.
    [Show full text]
  • 2019 Saskculture Hotel Rates
    2019 SaskCulture Hotel Rates REGINA Ask the hotel for the SaskCulture Inc. rate Hotel Address Phone Negotiated Rate $104 / Standard Rate Country Inn and Suites 3321 Eastgate Bay (306) 789-9117 *Includes breakfast $115 / Classic Double Queen or Business Class Days Inn 3875 Eastgate Drive (306) 522-3297 King *Includes breakfast $120 / Classic Double Queen or Business Class Days Inn 4899 Harbour Landing Drive (306) 584-3297 King Airport West *Includes breakfast (306) 525-5255 $149 / Delta Deluxe Room Delta Regina 1919 Saskatchewan Drive (800) 209-3555 Book the corporate rate for SaskCulture $145 / Standard Queen or Business Class King (306) 525-6767 Double Tree by Hilton 1975 Broad Street *Includes breakfast buffet (800) 667-8162 **quote 3067112 (800) 853-1181 Executive Royal Hotel 4025 Albert Street $109 / Standard Single or Double Queen (306) 586-6755 Four Points by Sheraton 2415 Dewdney Avenue (306) 789-8008 $134 / Standard Queen or King $119 / Standard Single or Double Queen Holiday Inn & Suites 1800 Prince of Wales Drive (306) 789-3883 $129 / One King or Two Queen with Sofa $119 / Standard Single or Double Queen Holiday Inn Express & 4255 Albert Street South (306) 789-5888 $129 / One King Suite or Two King Beds Suites *Includes breakfast Home Inn & Suites $119 / Classic Double Queen or Business Class 4809 Harbour Landing Drive (306) 546-4663 Regina Airport King $120 / Double Queen Dream Suite HomeSuites 3841 Eastgate Drive (306) 522-4434 *Includes breakfast $119 / Standard King (Thursday-Saturday) (306) 522-7691 Hotel Saskatchewan 2125 Victoria Avenue $172 / Standard King (Sunday-Wednesday) (800) 333-3333 Book the corporate rate for SaskCulture (306) 569-1666 Ramada Plaza 1818 Victoria Avenue $115 / Classic Queen or Double Queen (800) 316-8704 **The above rates are applicable to individual leisure or business travel only.
    [Show full text]
  • Radisson Hotel Group Builds on Successful 2020 Signings; Looks Ahead to a Dynamic 2021 with 30 Openings Across EMEA
    Brussels, March 1st 2021 Radisson Hotel Group builds on successful 2020 signings; looks ahead to a dynamic 2021 with 30 openings across EMEA Radisson Hotel Group looks ahead to 2021 with 30 planned hotel openings or 5,000 rooms across EMEA, building on the Group’s 40+ signings announced in 2020. The Group’s 2020 expansion included the introduction of the Radisson Individuals brand and the announcement of ambitious plans to double its portfolio of Serviced Apartments by 2025. 2021 expected openings also include seven exciting new openings of the Group’s premium lifestyle Radisson Collection brand in France, Italy, Spain, Turkey, and Saudi Arabia. In 2020, Radisson Hotel Group signed over 40 new hotels, resorts and serviced apartments across EMEA with 7,700 rooms and opened over 20 properties as the group continues to optimize its new brand architecture. Key signings included Radisson Blu Sheffield in the UK, Radisson RED Innsbruck in Austria, Radisson RED Cologne, Radisson Blu Resort Santorini in Greece, Radisson Hotel & Convention Centre Johannesburg in South Africa, Radisson Residences Heidelberg in Germany Radisson Beach Resort The Palm in Dubai, the UAE, Cour des Loges Lyon, A Radisson Collection Hotel in France and Henrietta House, a member of Radisson Individuals in Bath, UK. In 2020 Radisson Hotel Group also launched a new brand, Radisson Individuals, a conversion brand offering independent hotels and local, regional chains the opportunity to be part of the global Radisson Hotel Group platform, benefiting from the Group’s international awareness and experience, with the freedom to maintain their own uniqueness and identity. In addition, 2020 marked the Group’s expansion of its Serviced Apartment portfolio which will be developed as a brand extension to cater to the different segments from midscale to luxury.
    [Show full text]
  • Hotel Destinations Asia Pacific 1 Hotel Destinations – Asia Pacific
    Hotels & Hospitality Group | May 2017 Hotel Destinations Asia Pacific 1 Hotel Destinations – Asia Pacific Auckland Quick Facts OCC ADR RevPAR International Visitor Arrivals (NZ 2016) Number of New Rooms (2017) 86.6% NZD 191 NZD 166 3.5 million 663 rooms Tourism Demand New notable hotels Auckland International Airport, which is the Auckland reported an average occupancy ‘gateway’ for Auckland and New Zealand level of 86.6% for the period year ending Jet Inn Extension, overseas visitors, has experienced strong March 2017, the highest occupancy level on Auckland International Airport growth. For the period YTD December record in over 20 years. Auckland’s market 60 rooms 2016, total passenger movements have occupancy has risen every year since 2010, increased 12% with an increase recorded in after reaching a post-GFC low of 69.5% in Swiss-Belsuites Victoria Park domestic passenger movements, up 12.5% 2009. FIT and Corporate business dominate 40 rooms and international passengers increasing the business mix of Auckland hotels by 11.5%. International visitor arrivals to contributing 47.5% and 20.5% of hotel guest New Zealand reached 3.5 million for the nights respectively, y-o-y to March 2017. period year ending February 2017, a 10.7% International sourced guests accounted for Upcoming hotels improvement over the corresponding prior 45% of guest nights sold, while domestic year period. guests accounted for 55%. SKYCITY Hobson Street Hotel Four Points by Sheraton Park Hyatt Auckland M Social Auckland (former Copthorne Hotel Auckland Harbourcity) The Sebel Auckland Manukau Supply Outlook Seven projects (comprising a total of 1,291 We anticipate that Auckland’s rooms) are currently under construction accommodation market will continue to Notable hotel deals and are forecast to enter the market over perform strongly in the short term and is the next two years, with five of the hotel poised for further rate growth and to solidify Ibis Christchurch projects (818 rooms) comprising 5-star recent gains in occupancy levels given the product.
    [Show full text]
  • Hotel D'inghilterra Roma
    HOTEL D’INGHILTERRA ROMA – STARHOTELS COLLEZIONE The most iconic hotel in Rome, preferred by the international jet-set. An impressive legacy dating back to the 16th Century Few locations in Rome can boast a history as prestigious as that of the Hotel d’Inghilterra Roma - Starhotels Collezione. It is beloved for its magnificent location, compelling history, eclectic originality and the effortless elegance with which it welcomes its elite clientele. The building dates back to the mid-sixteenth century when it was used as an aristocratic residence for visitors of Palazzo Torlonia, located across the street. By the 15th century the local area was renowned for hosting the city’s best hotels and attracted foreign visitors and international communities. The nearby luxury shopping street Via Borgognona owes its name to the group of merchants from the region of Burgundy, who populated the district since the early 1400s. In 1845, Palazzo Torlonia’s guesthouse was converted into a hotel known, due to its popularity with British visitors, as Hotel d’Angleterre. One of the hotel’s most famous residents was the English Romantic poet John Keats who spent time in the hotel during the last years of his tragically short life, together with his fellow countrymen Byron and Shelley. Even the hotel’s logo, inspired by the coat-of-arms of the British Royal Family, is a testament to the deep- seated, centuries-old link that the hotel has had with Britain and the Windsors. From the outset, the hotel has been frequented by aristocrats and celebrities, with the roll call of illustrious guests spanning from Franz Liszt and Hans Christian Andersen to Mark Twain and Henry James.
    [Show full text]