Short stay players bullish

Key players in the short stay sector are collaborating to professionalise the niche, in order to retain market share gained during the pandemic.   The move has brought three key industry associations together to work on a number of initiatives. A one-day conference, organised as soon as UK government Covid restrictions were eased, saw operators, brands and […]

Luxury brands keep their value

Four Seasons shareholders Cascade Investments and Kingdom Holding have agreed a stake sale that sees Cascade, backed by Bill Gates, take a majority holding in the luxury brand.   The move, which puts a USD10bn enterprise value on Four Seasons, underlines the resilience of luxury through the pandemic, and its continuing attractiveness to investors. And it […]

All in on wellness

Hotels will need to adapt their wellness offerings, as guests look to a broader offering than just pampering. And if hotel owners make a commitment to major wellness facilities, they will need a significant investment, and patience to wait for the returns.   The latest report from consultants RLA Global points out that wellness hotels performed […]

Aparthotels line up for growth

Brookfield-backed serviced apartment specialist Edyn has signalled its intentions to accelerate its European growth, by agreeing a new funding package. A GBP195m loan, agreed with lenders Blackstone and KSL, will allow Edyn to acquire more properties along the lines of its most recent buy, a hotel in The Hague, Netherlands.   The move comes as several deals warm up the […]

Pandox on the move again

Scandinavian hotel owner and operator Pandox is starting to shuffle its portfolio, as international hotel markets open up.   In recent weeks, the group has taken back one German property for repositioning, and has relet  a Copenhagen hotel, indicating it is now ready to do deals as the way out of the pandemic becomes clear.   The group is restarting work under […]

Valuers face yoyo challenge

Hotel leases continue to face a number of challenges, as landlord and tenant and tenant negotiate their way back to a situation where all can pay their way once more.   The cashflow shock of the pandemic has led to lease payments being renegotiated temporarily, and to some leases being more substantially renegotiated. In not all cases have […]

Deals volume recovers

Agents are weighing up a rise in hotel deal activity, ahead of the likely impact of government and market moves over coming months.   According to figures from Savills, this year’s UK market transaction activity has already eclipsed the levels of last year’s depressed market. Elsewhere, transaction activity is rising as investors look past the hiccups […]

V for victory or going to L

The hotel industry is divided on the type of recovery it is set to enjoy: a sharp V-shape or a struggling L-shape.  The split was encapsulated at the International Hospitality Investment Forum in Berlin last week by two CEOs. Hilton’s Chris Nassetta believes we are heading for a golden age of travel while Accor’s Sebastien Bazin fears […]

Summer sizzles but will autumn drizzle?

European hotel groups have seen rapidly improving business in the last couple of months, as summer leisure business has recovered across markets where international travel has remained problematic.   Irish group Dalata reported first half figures showing a cash outflow of EUR24m over six months, with adjusted ebitda of EUR1.4m for the period. But the figures have been […]

Halting the cancel culture

Hotels are being warned that booking cancellations are on the rise, as consumers become used to exploiting more flexible terms offered during the pandemic.   The issue hit a peak at key periods in the summer, as the UK government switched overseas holiday destinations onto its safe list – and frustrated Brits cancelled city centre visits […]