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HOTEL NEWS October 2013
HOTEL NEWS October 2013 TRANSACTIONS FOR SALE BRANDS TRENDS NEW OPENINGS DEVELOPMENT Welcome to our latest monthly round-up, highlighting a selection of key news and developments for the UK & Ireland. Transactions Swiss-based BSQ Investments has acquired the 4-star 774-bed Citywest Hotel & Golf Resort, Dublin for around €30M. The hotel, with conference facilities for over 4,000 delegates, was de- veloped by Mansfield Group in the 1990s but has been managed by Dalata since being placed in receivership last year. Michels & Taylor will shortly take over the management of the hotel. The Greater Manchester Pension Fund has acquired the 4-star 138-bed Novotel Cardiff Centre for £12.3M, reflecting a net initial yield of 6.3%. The former Hanover International hotel is leased to Accor until 2030 at the higher ofa minimum base rent of £822,000 p.a. or 23% of turnover. Savills has completed the sale of two hotels in York. The 91-bed Ibis York Centre, which is leased to Accor until 2023 with a follow on extension, was bought by Algonquin off a £6M guide price. The 200-bed Park Inn York was sold off a £18M guide price to an unnamed buyer and is leased to Carlson Rezidor until 2031. Canadian hotel group Northland Properties has acquired the 4-star 151-bed Ramada Plaza Lon- don Gatwick for a price well in excess of the £4.9M guide price set by Knight Frank on behalf of administrators, KPMG. Northland plan to reposition the hotel under their Sandman Signature brand, joining their other UK property, which opened in Newcastle in 2011. -
Connect Summer 2019 Read More
connectCWT’s business travel magazine | UK & Ireland | Summer 2019 TRAVELLER TRIBES How data profiling is helping travel managers Reinventing the workplace Why people are choosing stylish shared office space Captivating your audience Make a great impression on your next public appearance A city transformed Bogotá, a Latin American innovation gateway connect 2/2019 – Editorial 3 Welcome to the summer issue of Connect! he summer is finally here and I’m sure many of you are starting to accelerate your holiday plans as you prepare to head off some- where special over the next couple of months. Before you do, Thowever, we have a packed Connect for you to enjoy. As senior Director Solutions Group EMEA, my role is to lead the con- sulting team for the region. I’m proud to be the guest editor of this issue, which sees a focus on traveller profiling and features an in-depth interview with my Solutions Group colleague Marine Bergeron, director EMEA, CWT Solutions Group. We highlight some different traveller types and how to best manage them, though these overviews only scratch the surface of the types of profiles your organisation might deal with. We also give you the opportunity to download our new “Business Traveller Tribes” e-book (which you can access via the QR code found in the article.) In the book, you can enjoy taking our personality test to discover which tribe you belong to. We’ve got Located in amazing central London locations, we strive to In this issue, we travel to Colombia and its sprawling, high-altitude exceed our guests’ expectations capital, Bogotá, to find out how the city is becoming a major Latin in everything we do. -
Event Planner Guide 2020 Contents
EVENT PLANNER GUIDE 2020 CONTENTS WELCOME TEAM BUILDING 17 TRANSPORT 46 TO LONDON 4 – Getting around London 48 – How we can help 5 SECTOR INSIGHTS 19 – Elizabeth Line 50 – London at a glance 6 – Tech London 20 – Tube map 54 – Financial London 21 – Creative London 22 DISCOVER – Medical London 23 YOUR LONDON 8 – Urban London 24 – New London 9 – Luxury London 10 – Royal London 11 PARTNER INDEX 26 – Sustainable London 12 – Cultural London 14 THE TOWER ROOM 44 – Leafy Greater London 15 – Value London 16 Opening its doors after an impressive renovation... This urban sanctuary, situated in the heart of Mayfair, offers 307 contemporary rooms and suites, luxurious amenities and exquisite drinking and dining options overseen by Michelin-starred chef, Jason Atherton. Four flexible meeting spaces, including a Ballroom with capacity up to 700, offer a stunning setting for any event, from intimate meetings to banquet-style 2 Event Planner Guide 2020 3 thebiltmoremayfair.com parties and weddings. WELCOME TO LONDON Thanks for taking the time to consider London for your next event. Whether you’re looking for a new high-tech So why not bring your delegates to the capital space or a historic building with more than and let them enjoy all that we have to offer. How we can help Stay connected Register for updates As London’s official convention conventionbureau.london conventionbureau.london/register: 2,000 years of history, we’re delighted to bureau, we’re here to help you conventionbureau@ find out what’s happening in introduce you to the best hotels and venues, Please use this Event Planner Guide as a create a world-class experience for londonandpartners.com London with our monthly event as well as the DMCs who can help you achieve practical index and inspiration – and contact your delegates. -
2019 Guest Book
16 –17 OCTOBER 2018 OLYMPIA LONDON PRESENTED BY Insurance Brokers 2019 GUEST BOOK YOUR REVIEW OF THE UK’S LARGEST AND MOST ESTABLISHED BUSINESS EVENT FOR THE HOTEL COMMUNITY INDEPENDENT HOTEL SHOW 2019 GUEST DEMOGRAPHICS TOTAL VISITORS 6316 COMPANY ACTIVITY TRAVELLED FROM Hotel 59% London 35% Opening a new hotel 6% South East 29% Guesthouse / B&B 7% South West 8% Pub / Restaurant with rooms 3% Midlands 7% Serviced apartments 6% North 7% Other accommodation 12% East 2% Industry supporters / press 7% Wales 2% Scotland 2% Overseas 8% % % % % 83 80 89 91 intend to do business with one of visitors have direct of visitors said they of visitors will be or more of the exhibitors purchasing authority would recommend the returning in 2020 they met at the show within show to a friend the next 12 months or colleague ACCOMMODATION SIZE COMPANY STATUS 1–10 rooms 20% Independent 80% 11–25 rooms 18% Group owned 13% 26–50 rooms 19% Other 7% 50–100 rooms 18% 100+ rooms 25% 2 INDEPENDENTHOTELSHOW.CO.UK INDEPENDENT HOTEL SHOW 2019 THE SUPPLIER EXPERIENCE TOTAL EXHIBITORS 337 65% OF EXHIBITORS RE- BOOKED ONSITE FOR 2020 “The Independent Hotel Show is one of the “The Independent Hotel Show gave us “The Independent Hotel Show is a most important hotel shows in the country. the opportunity to engage face to face with key event in our calendar. There is no It attracts a very diverse group of people, a targeted audience and showcase our other trade show that offers the same level not just independent hoteliers, but also the products to key decision makers. -
Nails South Africa Shines
THE NO.1 MAGAZINE FOR SPA AND WELLNESS Issue 58 | June/July 2017 | www.europeanspamagazine.com WORLD OF WELLNESS THE BEST OF BRITISH EXPERT GUIDE: NAILS SOUTH AFRICA SHINES Finding balance at Oman's Look inside London's luxurious Invaluable spa mani-pedi How European brands combine Anantara Al Jabal Al Akhdar Lanesborough Club & Spa advice and product innovations with locally inspired treatments DEVELOPMENTSN APPOINTMENTSews INVESTMENT DIARY DATES EDITED BY SARAH TODD Spa town’s legacy ‘recaptured’ in new £9.5m development Rudding Park Spa in Harrogate features a striking roof-top spa garden and will use natural spring waters from the hotel grounds UK: A new £9.5m (E11.24m) spa has launched at In addition, a rooftop spa and garden includes history using natural waters from Rudding the privately-owned luxury Rudding Park hotel in a hydrotherapy infinity pool, a panoramic sauna, Park itself and features an awe-inspiring Harrogate, Yorkshire. experience showers, a garden sauna cabin and rooftop spa and garden to take our guests to Intending to enhance the town’s considerable sun deck. Speaking about his vision for the new heights of relaxation,” said spa director spa heritage, the 4,180sqm Rudding Park Spa rooftop spa garden design, leading horticulturalist Matthew Mackaness. uses natural waters from the surrounding grounds Matthew Wilson said: “I’ve created a space that The spa’s interior fixtures and fittings were and boasts a range of comprehensive facilities to is very calming with its topiary beech domes supplied by interior design company Horsley ‘enhance the wellness of mind, body and soul’. -
Luxury Hotels Will Remain Big Business and Taking London Expected to Top £360 Next Year
Hospitality Directions Europe Edition* Issue 16 September 2007 Jewels in the crown: Trends and outlook for Europe’s luxury hotel sector Strong demand for all things luxury - goods, travel and hotels – has made luxury big business and a highly competitive battleground for consumer’s wealth. This robust demand, driven by global economic growth, is supporting growing global affluence and increasing numbers of High Net Worth Individuals (HNWI). In turn this has driven high corporate and leisure travel volumes. Today, more people can afford luxury travel and to stay in luxurious surroundings. Ritz Carlton Hotel, Moscow *connectedthinking Introduction Outlook • More new brands and brand extensions are coming to Luxury hotel markets have been booming for the last few Europe for those willing to pay for quality facilities, years and there is huge interest in this segment. Interest amenities and services above today’s ‘five star‘ comes from consumers, investors, developers and standards e.g. Andaz by Global Hyatt, “1” by Starwood owners. In the US alone, more than US$11.5 billion in • More operators will do their own versions of luxury. upscale and luxury lodging changed hands in the first half Contemporary offerings will bridge the gap between of 2007. Most experts do not see this interest waning in lifestyle and super luxury products e.g. SLS Hotels or the near future, although this does not mean the sector Nikki Beach with a fun and entertaining take on luxury can rest on its laurels as the aspirations of the consumer • The market will polarise around affordable and super are changing fast. -
Why the Eternal City Could Become the Next Hotspot for Luxury Hotels
FEBRUARY 2015 | PRICE £350 IN FOCUS: ROME WHY THE ETERNAL CITY COULD BECOME THE NEXT HOTSPOT FOR LUXURY HOTELS Christof Bertschi Senior Associate Sophie Perret Director www.hvs.com HVS London | 7-10 Chandos Street, Cavendish Square, London W1G 9DQ, UK ‘Why should luxury travellers pay less for a hotel in Rome than in London, Paris or New York? We have the same guests here...,’ a General Manager of a luxury hotel in Rome asked me recently during an interview. His remark poses an interesting question: why are luxury hotels in Rome not able to charge similar rates as those in London or Paris, when they supposedly attract a similar clientele? A comparison with other European gateway cities illustrates that the business mix of the hotels in Rome is actually slightly different to that of London and Paris. Whilst the latter are not only tourism hot spots but also global business hubs, Rome’s client mix is more leisure and government focused. Although Rome is the political centre of Italy and benefits from demand generated from embassy and government-related events, Italy’s business powerhouse remains in the north in the area around Milan. As a must-see destination for every leisure traveller, Rome enjoys high popularity, but the city does not have the same status and perception as a luxury shopping and lifestyle destination such as London, Paris, Milan, Venice or the French Riviera. Additionally, supply related factors, such as underinvestment and a lower number of international luxury hotel brands, have so far prevented the Rome luxury hotel market from reaching comparable room rates with these other destinations. -
Hotel News April 2015
Hotel News April 2015 Featured statistics and trends New hotel openings Development activity Precis Properties has opened the 269-bed M by Montcalm IHG has announced the signing of a 121-bed Hotel Indigo in Shoreditch London Tech City, Hackney's largest and first 5- Bath, which is expected to open in late 2016. The hotel will star hotel. The 23-storey property is located opposite Moor- be rebranded from two hotels on South Parade - the Halcyon fields Eye Hospital close to Old Street station and features and Pratt's - and will be operated under franchise by St conference facilities for 250 delegates and a Spa. James's Hotel Group, part of Somerston Group. Marshall CDP has opened the 5-star 60-bed Hotel Gotham, MDL Marinas is about to commence construction of its Manchester. Bespoke Hotels will manage the hotel, which mixed-use Ocean Village waterfront development in South- includes a Private Members Bar and occupies the top seven ampton, which is scheduled to complete in June 2017. The floors of a Grade II former bank building at 100 King Street. scheme comprises three residential buildings and a 5-star 76- bed hotel that will be operated by Harbour Hotels. Heights Hospitality Operations Ltd has opened the 95- bed Temple Bar Inn on Fleet Street, Dublin 2. The 5-storey Watkin Jones Group has submitted major mixed-use plans to hotel was converted from former ESB offices by BHA Con- develop three sites in Bournemouth. The plots around Christ- struction and features twin, double, triple and quadruple church Road include 930 student bedrooms, 245,000 sq ft of rooms designed by Duignan Dooley Architects. -
Programme 2017
THE HOTEL OPERATIONS CONFERENCE 2017 event Programme 2017 23 & 24 May 2017 “ There are three pillars of www.hoteloperationsconference.com value in the hotel business – property, operations and brand. – Jumeirah Carlton Tower, LondonInvestment conferences focus on the real estate and the rise of digital has brought brand to the forefront but operations, specifically the value embedded in how hotels are run, is usually overlooked.” Andrew Sangster, editorial director of Hotel Analyst news analysis services and creator of the Hotel Operations Conference Powered by THE HOTEL OPERATIONS CONFERENCE 2017 HOC Programme 24th May 2017 9.00 - 9.10am Welcome and opening remarks 11.05 - 11.35am Break Andrew Sangster, owner of ZTZ Communications, 11.35 - 11.50am Profitability: examining margin erosion: publisher of Hotel Analyst Session 7 - Presentation 9.10 - 9.30am Opening overview: Unbundling management, Rather than focusing on the top line, investors need brand & property: Session 1 - Presentation to drill down to see what is happening to profitability. This session will scene set the distinction between Where are the cost challenges? A detailed examination property, operational management and brand. It will of the key trends. look at the rise and rise of third-party management Jonathan Langston, Co-Founder, Hotstats companies and the increased appetite by investors for 11.50 - 12.30pm Productivity and guest experience: management company platforms. How are management Session 8 - Panel companies valued? How is this different to hotel groups How hotels can be made more productive and the guest with a significant real estate component? experience more effective: hear from technology experts, Charles Human, Managing Director, HR specialists and others on the challenges ahead. -
Luxury Five-Star Hotel the Principal London Commissions Brintons Carpets for £200M Refurbishment
Press Release October 2018 Luxury five-star hotel The Principal London commissions Brintons carpets for £200m refurbishment Brintons supplied carpets for key public areas within the five-star hotel The Principal London, a Grade II listed landmark building, which dominates the eastern flank of Russell Square in Bloomsbury. The Principal London re-opened in April 2018 after undergoing a multi-million pound renovation. Bespoke Brintons carpet featured in the upper floor corridors and gallery of The Principal London Key facts at a glance: • Project: The Principal London • Client: Starwood Capital, Principal Hotel Company • Renovation start and completion dates: February 2015 – April 2018 • Brintons created 4,600 sqm of bespoke carpets for the hotel’s corridors from floors one to eight, including the main staircase and the gallery • Brintons have supplied bespoke carpets for Principal Hotels in Manchester, York, Glasgow and Edinburgh • Brintons worked on this project alongside interior design practices Tara Bernerd & Partners and Russell Sage studio • Chelsey Siwicki, Project Manager, and Andrew Howell, Senior Creative Designer, led the project for Brintons Press Release October 2018 Project details: • Brintons created a bespoke, contemporary carpet design for key public areas within The Principal London as part of an extensive refurbishment programme. The pattern features a strong linear border, bringing a modern element that harmonises with the period of the building • The herringbone design requires an imaginative technical solution to adapt the pattern around corners. Brintons created a mitre in the carpet at each corner, to ensure that the pattern formed a cohesive and united design • The carpet features a steel grey and neutral colour palette, which complements the sophisticated and contemporary interiors • This renaissance-revival building features a ‘thé-au-lait’ (tea with milk) terracotta façade, which coordinates beautifully with the decorative decisions made by Tara Bernerd and Russell Sage for the interiors. -
What Is Happening in the European Hotel Sector?
What is happening in the European hotel sector? Received: 5 October 2004 Ruth Waite is a research analyst with the London office of HVS International, a leading global firm of hotel real estate advisers and valuers. Russell Kett is Managing Director of the London office of HVS International, which covers Europe, the Middle East and Africa, and each year advises on some 250–300 individual hotels or developments within the Europe, Middle East and Africa region. Abstract The authors are delighted to introduce a series of quarterly papers which aim to observe the latest trends in the key industry sectors. Subjects to be covered in forthcoming issues will be boutique/lifestyle hotels, budget hotels, luxury hotels, mid-market hotels, serviced apartments and timeshare/resort developments. This first paper in the series presents a snapshot of current trends in the market generally concerning values, acquisitions and disposals, funding and development, and includes highlights of recent events from the year so far. Keywords: European RevPAR, hotel values, hotel investment activity, hotel funding trends INTRODUCTION Since the beginning of 2004, the long awaited revenue per available room (RevPAR) growth in Europe has been a gradual and muted affair, but industry experts are at last reporting with more optimism on the progress being made. In the current climate of volume-led recovery, where additional variable costs are associated with servicing more rooms and guests, it is only those hotel markets that are able to increase average rates as well as occupancy that are enjoying marked improvements in revenues. According to Deloitte,1 the majority of countries in Europe have experienced an improvement in occupancy during recent months. -
Starwood Capital Announces Principal
STARWOOD CAPITAL ANNOUNCES PRINCIPAL Barry Sternlicht unveils new U.K. hotel brand 16 September 2016 Starwood Capital Group, a leading global private investment firm, announced today that it will launch PRINCIPAL, a new urban lifestyle hotel group, on 1st November 2016, following a capital investment in the portfolio of approximately £150 million. Principal is a collection of city-centre hotels based in landmark buildings in exceptional locations across the United Kingdom. The distinctive heritage and resulting relationship between the properties and their surroundings are the cornerstones of the Principal brand. Each of the hotels has a story to tell—of its history, its design and architecture, its quirks and characters, and its role in shaping the city and forging relationships with local partners, whether corporate or creative. From the elegant Georgian townhouses that form the core of The Principal Edinburgh George Street (formerly The George Hotel) to the clock tower that’s synonymous with The Principal Manchester (formerly The Palace Hotel) and its history as the headquarters for the Refuge Assurance Company—Principal Hotels define their cities and neighbourhoods. “At the heart of a great business is a unique and authentic story. Our people and our buildings have great stories to tell, and these stories differentiate you from the competition, giving your guests and your staff something to cheer about,” said Barry Sternlicht, Chairman and CEO of Starwood Capital Group. “Reviving these historic, grande-dame hotels is a truly great story— they are spectacular buildings in which we can create dynamic scenes. The story of each hotel, its amazing history and architecture is the opposite of the mass-produced chain hotel, and provides us with a canvas on which to curate a unique sense of place.” At the core of every Principal Hotel is a brilliant bar and restaurant that resonates with “locals” as much as it does with hotel guests.