ARA H-Trust sells 4 Hyatt hotels; Hilton, partner of Hang Lung in China – HOTELSMag.com

ARA H-Trust sells 4 Hyatt hotels: ARA US Hospitality Trust, Singapore, has entered into a purchase and sale agreement to sell a portfolio of four Hyatt Place hotel properties for US$32.5 million to New York-based Three Wall Capital. The total price of the four hotels—Hyatt Place Pittsburgh Cranberry in Pennsylvania, Hyatt Place Birmingham Inverness in Alabama, Hyatt Place Cincinnati Northeast in Ohio, and Hyatt Place Cleveland Independence in Ohio—represents a premium of 3.2% over at the latest market valuation. ARA US Hospitality Trust said all four properties were non-core assets with declining historical performance and ranked in the bottom quartile in terms of historical performance. The sale is expected to be completed in the third quarter of 2022. Proceeds from the sale will be used to reduce bank debt or may be redeployed to acquire new assets.

Capella Hotels in Japan: Capella Hotels and Resorts will launch its first property in Japan with the 92-key Capella Kyoto, which will open in mid-2025. Designed by architectural firm Kengo Kuma and Associates, the two-basement, four-story hotel will feature a Japanese garden courtyard, an internal tiered stone garden that will serve as a pre-function area, spa , restaurant, pastry shop and lobby bar. The hotel is being developed by Tokyo-based NTT Urban Development Corp. and is being built on the site of the former Shindo Elementary School.

Artist’s impression of the Curio Collection by Hilton hotel in Wuxi, China

Hilton, Hang Lung partner in China: Hang Lung Properties, Hong Kong, has appointed Hilton as the hotel management partner for the new lifestyle boutique hotel at Center 66 in Wuxi, China. The hotel will be part of the Curio Collection by Hilton branded property and is expected to open in the second quarter of 2024. The seven-story, 106-key hotel will be located adjacent to a three-story heritage building. The heritage building was the former residence of local historical figure Zhang Xiaocheng. The hotel will include a lobby lounge, two restaurants, bespoke event space, fitness center and indoor pool. The interior design of the hotel is led by White Jacket, Singapore. The hotel will form an important part of the second phase of the Center 66 development, which is expected to be the business and commercial part of the two-phase project.

Fort Partners acquires in Rome: Fort Partners Puerto Rico, San Juan, Puerto Rico, has acquired Palazzo Marini (3-4) in Rome for 165 million euros (US$172.13 million), with plans to develop the property into a luxury hotel. luxury that will be managed by Four Seasons Hotels and Resorts. Fort Partners, led by CEO and Founder Nadim Ashi, plans to redevelop the historic hotel with the building’s architectural significance in mind.

IHG signs Holiday Inn in India: IHG Hotels & Resorts has signed a management agreement with Oriental Structural Engineers Pvt. ltd. to develop a new Holiday Inn hotel, the Holiday Inn Gurgaon NH 8 in the NCR region of northern India. The NH8 highway connects Delhi Airport to Gurgaon. The newly built 139-key hotel is expected to open by Q1 2025. The hotel will offer an all-day dining restaurant and bar, lobby lounge, gym, swimming pool and 400 meters squares of banquet space. Currently, IHG has 44 hotels operating under five brands in SWA and a pipeline of 47 hotels expected to open in the next two to three years.

Barcelo, Dorint line up: DHI Dorint Hospitality & Innovation, Cologne, Germany, has entered into a joint distribution agreement with the Barcelo Hotel Group, based in Spain. The two companies develop their markets through mutual marketing in their respective fields of activity. The alliance should increase the visibility of the hotels of the two groups on the distribution channels. Dorint hotels in the DACH region can now be booked from the Barcelo website and distribution channels, while Barcelo hotels in Spain, Tunisia, the United Arab Emirates, the Dominican Republic and Mexico can now be booked. reserved through the Dorint website and distribution channels. Currently, Dorint manages 65 properties in Germany, Austria and Switzerland.

US Hospitality Industry Performance Study: U.S. hotel wage growth continues to outpace retail wage increases, while ADR growth will outpace wage inflation, CBRE’s latest state report found. of the American Hotel Union. Macro headwinds and leading indicators point to heightened risk for the second half of 2022 and 2023. However, overall fundamentals so far continue to outperform 2019, according to the report. In May, the pace of the recovery in international travel slowed slightly in the East, but continued to improve in the West. Countries in Europe and South America continued to be among the top 10 border entrants. Despite improvements in occupancy and ADR, the recovery in RevPAR continued to be driven primarily by ADR growth. While recent hotel performance has remained strong, overall RevPAR continued to exceed 2019 levels in May, with highway, small town, resort and suburban hotels outperforming 2019 figures. Airport and urban remained below 2019 levels. Although gross operating margins remain well above 2021 levels, higher inflation could limit margin expansion. The supply outlook continues to face headwinds due to labor shortages, wage pressures and supply chain issues. Late payment and CMBS special service rates improved, as did revenue.

A British hotel group is offering a 14% pay rise: The Eden Hotel Collection, the UK-based boutique hotel group, has given its employees a pay rise of up to 14% to cope with rising cost of living and recruitment challenges . The group announced the second of two raises in the space of six months for more than 350 employees in the UK. With hotels in Gloucestershire, Warwickshire, Devon and Worcestershire, the group said the pay rise was granted with cost-of-living inflation in mind. , the highest level in the country for the past 40 years and to ensure competitive compensation at a time when the hospitality industry is experiencing recruitment challenges. The company will launch a new employee wellness strategy in August, which will include information sessions and a broad focus on brand and employee experience, with an initial focus on financial wellness to address the cost of living challenges.

Opening of the first Fusion Originals in Vietnam: Fusion, the hotel group based in Ho Chi Minh City, Vietnam, has announced that Fusion Originals’ first property, Fusion Original Saigon Center, will open in Ho Chi Minh City later this month- this. The 99-room, 10-story hotel features a restaurant, outdoor pool, garden and lounge. Fusion Originals is one of eight brands controlled by Fusion. Fusion is exploring more places in Vietnam to expand its Fusion Originals brand. The company recently added Thailand-based Glow Hotels & Resorts to its portfolio. With the opening of the new hotel in Ho Chi Minh City and the acquisition of Glow, Fusion has over 4,000 rooms across Vietnam and Thailand.

Araiya signs a golf resort in India: Araiya Hotels & Resorts, Mumbai, India, has signed a management agreement with Ahmedabad, India-based property developer BSafal to launch Essence by Araiya, Glade One Golf Resort in Ahmedabad. The 380-acre estate’s golf resort is scheduled to open in October. Sprawling over nine acres, Essence by Araiya, Glade One Golf Resort will feature 24 boutique villas with balconies offering views of the Gary Player-designed golf course, a spa, gym, clubhouse, all-day dining restaurant, during the day, two event laws, a poolside cafe and a 5,000 square foot banquet hall. This is the second Araiya property to open in India and the first Essence by Araiya property.

The Coaching Inn group acquires Forest Park Hotel: Savills, on behalf of individuals, has completed the sale of the Forest Park Hotel in Brockenhurst, England, to The Coaching Inn Group, a subsidiary of London-based RedCat Pub Co., an investment vehicle chaired and founded by Rooney Anand to invest in the UK pub segment, at an undisclosed price. The Country Hotel and Inn is located in New Forest with 40 en-suite bedrooms. The hotel was sold after a confidential and competitive marketing process.

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