Posts by Mark Harris
Thailand’s Narai Group Launches Luxury Marasca Brand
Main Photo: Marasca Khao Yai – picture courtesy of TTG Asia Date: March 2022 Name: Marasca Khao Yai Location: Thailand Number of Keys: 18 Seller: Undisclosed Buyer: Narai Hospitality Group Thailand-based Narai Hospitality Group has debuted a new luxury brand Marasca Hotels & Resorts (MHR). MHR is NHG’s foray into casual luxury hospitality and is positioned…
Read MoreGreen Hotels For A Sustainable Future
Main Photo: India: Green Hotels for a Sustainable Future — Photo by HVS Date: March 2022 Name: IHG, Marriott International, Radisson, and Wyndham Location: India Number of Keys: TBA Sustainability has become a key focus in the hospitality sector in recent years, with several hotel chains committing to reduce their environmental impact by implementing eco-friendly…
Read MoreHotel Clover Sold To Singapore’s SLB Development and Hong Kong’s Weave Living For SGD74.8m – Around US$55m
Main Photo: Hotel Clover Date: March 2022 Name: Hotel Clover, 33 Jalan Sultan – to be renamed Weave Suites Location: Jalan Sultan, Singapore Number of Keys: 88 Seller: Hotel Clover Group, with five hotels in Asia Buyer: Weave Living and SLB Development Ltd Hong Kong-based Weave Living, in partnership with Singapore-based property developer SLB Development…
Read MoreLyvInn Acquires Frankfurt Hotel
Main Photo: Frankfurt, Germany [Credit: Stefan Elvis-Stiuca on Unsplash] Date: March 2022 Name: LyvInn Frankfurt Location: Gallus, Frankfurt, Germany Number of Keys: 164 Seller: TBA Buyer: Blantyre Capital Blantyre Capital Limited has agreed to acquire a 164-room hotel in Frankfurt to be operated under the LyvInn brand. No purchase price was given for the transaction.…
Read MoreHilton to Open Hilton Garden Inn Brisbane City Centre North in 2024
Main Photo: Hilton Garden Inn Date: March 2022 Name: Hilton Garden Inn Brisbane City Centre North – opening 2024 Location: Brisbane, Queensland, Australia Number of Keys: 129 Seller: The site is a new-build Buyer: Spring Hill Property Group, a privately owned property development company based in Brisbane and mainly into residential properties in prime South…
Read MorePlusell Blis Acquires Three Spanish hotels From Mutualidad de la Abogacía for €62.5 Million
Main Photo: Playa de Almuñécar (Granada) Date: March 2022 Name: Hotel Vera Playa, Almuñécar Playa Spa Hotel, and a third property in Torremolinos Location: Almería, Granada and Málaga, Spain Number of Keys: 768 Seller: Mutualidad de la Abogacía Buyer: Plusell Blis Mutualidad de la Abogacía has sold three holiday hotels to the investor Plusell Blis…
Read MoreSouth Kensington’s Art-Led Exhibitionist Hotel Sold for £10.6m
Main Photo: The Exhibitionist Hotel Date: March 2022 Name: The Exhibitionist Hotel Location: South Kensington, London, England, UK Number of Keys: 37 Seller: Private family Buyer: 4C Hotels Group BNP Paribas Real Estate has sold the iconic The Exhibitionist hotel in South Kensington for £10.6m to an undisclosed buyer on behalf of a private client.…
Read MoreHyatt Plans World’s First FILA-Branded Lifestyle Hotel in Shanghai
Main Photo: FILA HOUSE Shanghai Date: March 2022 Name: FILA HOUSE Shanghai Location: Hongqiao Business District, Shanghai West, China Number of Keys: TBA Seller: TBA Buyer: Hyatt Hotels Corporation and ANTA Group Hyatt Hotels Corporation and ANTA Sports Products Co., Ltd. announced plans for the first-of-its-kind FILA-branded hotel in Shanghai – FILA HOUSE Shanghai. The…
Read MoreAdagio To Make Irish Debut In Cork
Main Photo: Adagio Cork Date: March 2022 Name: Adagio Cork – to open Summer 2024 Location: South Terrace, Cork, Ireland Number of Keys: 103 Seller: N/A Buyer: JMK Group JMK Group is set open a 103-key Adagio aparthotel in three converted Georgian properties on Cork’s South Terrace. A planning statement says the proposal will provide…
Read MoreAEVIS Hotel Division Acquires Hotel L’Oscar In Central London For £60m
Main Photo: Hotel L’Oscar Date: March 2022 Name: Hotel L’Oscar Location: Bloomsbury, Central London, England, UK Number of Keys: 39 Seller: Aggregate Holdings Buyer: AEVIS Victoria AEVIS VICTORIA SA’s (AEVIS) hotel business is expanding its portfolio with the acquisition of its first international outlet, the five-star hotel L’Oscar in Southampton Row, in London’s Bloomsbury. Victoria…
Read MoreWyndham Hotels & Resorts Enters Poland With Upscale Hotel In Wroclaw
Main Photo: The new Wyndham Wroclaw Old Town, when it was a Sofitel Date: March 2022 Name: Wyndham Wroclaw Old Town Location: Wroclaw, Poland Number of Keys: 205 Seller: The hotel was the Sofitel which closed due to the pandemic in August 2020, owned by Orbis Buyer: Mogotel Hotel Group are the new operator Wyndham…
Read MoreCDL Trust Acquires Hotel Brooklyn in Manchester For £24.1m
Main Photo: Hotel Brooklyn Date: February 2022 Name: Hotel Brooklyn Location: Manchester, England, UK Number of Keys: 189 Seller: Roundapple Hotel Partners Buyer: CDL Hospitality Trust, owned by Kwek Leng Beng CDL Hospitality Trusts (CDLHT) has announced the acquisition of Hotel Brooklyn located at 57 and 59 Portland Street, Manchester, United Kingdom for £24.1m. The four-star upscale luxury…
Read MoreShangri-La Debuts in Saudi Arabia
Main Photo: Shangri-La Jeddah Date: February 2022 Name: Shangri-La Jeddah Location: Burj Assila, Jeddah, Saudi Arabia, UAE Number of Keys: 220 Owner: Assila Investments…the hotel forms part of the two-billion Saudi Riyal mixed-use development project Manager: Shangri-La The 220-room Shangri-La Jeddah has opened, marking the brand’s first property in Saudi Arabia. Shangri-La Jeddah offers 220…
Read MoreHyatt’s Thompson Hotels To Enter Spanish Market
Main Photo: The Thompson Madrid Date: February 2022 Name: Thompson Madrid – opening mid-2022 Location: Puerta del Sol/Gran Via Street, Madrid, Spain Number of Keys: 175, including 23 suites Seller: TBA Buyer: Exacorp One SL, owners of the Hyatt Centric in Madrid A Hyatt affiliate has agreed with Exacorp One S.L. to open the first…
Read MoreMarriott To Bring St. Regis Brand To London’s Mayfair As a Rebrand of The Westbury Hotel
Main Photo: The Westbury, Mayfair Date: February 2022 Name: The St. Regis London – to open 2023 Location: Mayfair, London, England Number of Keys: 225 – to reduce to 196 Owner: Bakir Cola and family Manager: Marriott under the St. Regis brand Marriott International has announced it has signed a management agreement with Cola Holdings…
Read MoreCrown Resorts Accepts Blackstone US$6.3B Offer for Australia Casino Group
Main Photo: The Crown Promenade Melbourne Date: February 2022 Name: Crown Resorts, comprising four hotels in Melbourne, three in Perth…and Casinos! Location: Perth, Melbourne & Sydney in Australia and Aspinalls in London, UK Number of Keys: 2,395 Seller: Crown Resorts Buyer: The Blackstone Group After nearly a year of Blackstone pursuing Australia’s largest casino operator,…
Read MoreParliament Square Hobart Sold For AUD338m In Tasmania’s Largest Ever Transaction
Main Photo: Parliament Square Hobart Date: February 2022 Name: Parliament Square Hobart – The Tasman, A Luxury Collection Hotel, Marriott Location: Hobart, Tasmania, Australia Number of Keys: 152 Seller: Trawalla Group, Alan & Carol Schwartz’ family office Buyer: Spirit Super – created through the merger of Tasplan and MTAA Super in early 2021 The Trawalla…
Read MoreSingapore Wealth Fund GIC to Acquire 30-Hotel Prince Hotels Portfolio Across Japan For 150 Bn Yen – Around US$1.3 Billion
Main Photo: Shimoda Prince Hotel, Shimoda, Japan Date: February 2022 Name: Prince Hotels Location: Japan Number of Keys: TBA Seller: Prince Hotels, part of Seibu/Staywell Hotels Buyer: GIC Singaporean sovereign wealth fund GIC has emerged as the potential buyer for the majority of Seibu Holdings’ hotel portfolio, branded Prince Hotels. Around 30 of Seibu’s hotels…
Read MoreBlackstone To Buy Preferred Apartments In $5.8 Billion Deal
Main Photo: The Ellison, a multifamily housing development owned by Preferred Apartments Date: February 2022 Name: Preferred Apartment Communities Location: USA Number of Keys: 12,000 apartments Seller: Preferred Apartment Communities Buyer: Blackstone Real Estate Income Trust A division of Blackstone is set to acquire multifamily housing owner/operator Preferred Apartment Communities Inc for $5.8 billion. Blackstone…
Read MoreHard Rock Hotel Madrid Sells For €65m
Main Photo: Hard Rock Hotel Madrid Date: February 2022 Name: Hard Rock Hotel Location: Madrid, Spain Number of Keys: 161 Seller: ActivumSG Capital Management Buyer: Arlaes Management S.L. A fund overseen by ActivumSG Capital Management has sold the 161-room Hard Rock Hotel Madrid to Arlaes Management S.L for 65 million euros. ActivumSG Iberia Fund I…
Read More