The Netherlands: The owners of boutique hotel brand citizenM are reportedly exploring options for its portfolio, including a potential sale of the business. According to the Financial Times, citizenM is working with advisers Morgan Stanley and real estate investment bank Eastdil Secured to explore options for the brand. Discussions are reportedly at an early stage with citizenM potentially … [Read more...]
25hours Hotels to open second property in Copenhagen this July
Denmark: Lifestyle hotel brand 25hours is set to open its second hotel in Copenhagen on 27 July 2024. The new-build 25hours Hotel Paper Island offers 128 rooms, an Asian restaurant, a day bar and rooftop bar, and a ground floor function room for groups up to 150. It is located on an island in Copenhagen harbour which was once used as a paper warehouse. Local architects COBE planned the ensemble of … [Read more...]
Ennismore to open debut Delano property in Dubai this year
UAE: Lifestyle hospitality company Ennismore, in partnership with investment company Dubai Holding, will launch the Delano Dubai later this year. Located on the Bluewaters Dubai island, Ennismore has collaborated with interior design firms Elastic Architects, LaBottega and SA Consultants to transform an existing hotel into a Delano property. It will offer 251 guest rooms including 84 suites … [Read more...]
Baccarat Hotel & Residences to debut in the Maldives 2027
Maldives: Management company SH Hotels & Resorts will debut the Baccarat Hotel & Residences brand in the Maldives in 2027. Spanning five interconnected islands across more than 111 acres in the South Malé Atoll, the resort will offer more than 50 hotel villas and 53 private residences for sale. Global architecture firm HKS has been appointed to the project with interiors led by 1508 … [Read more...]
Lock & Key boutique hotel up for sale at £3 million
UK: Commercial real estate agency CBRE is marketing the Lock & Key Hotel in Liverpool at a guide price of £3 million. Located at 15-19 Duke Street in Liverpool city centre, the Lock & Key hotel is housed in a Grade II-listed Georgian townhouse. It offers 26 bedrooms and a ground floor restaurant and bar. In 2023, the current owners of Lock & Key invested £800,000 into the property, … [Read more...]
Aman sister brand Janu debuts in Tokyo
Japan: Hospitality company Aman Group has launched the first property under Janu, sister brand to Aman, in the Azabudai Hills development in Tokyo. Aman first revealed its Janu brand in March 2020, which has been designed to encourage connection. The first Janu property is located in the Azabudai Hills neighbourhood of Tokyo, created and managed by Japanese developer Mori Building … [Read more...]
Hilton to acquire Graduate Hotels brand from AJ Capital
US/UK: Hotel and resort company Hilton has agreed to acquire the Graduate Hotels brand from AJ Capital Partners. Hilton will pay $210 million to acquire all rights to the Graduate brand worldwide, enter into franchise agreements for all existing and signed properties in the pipeline, and become responsible for the brand’s future development and growth. AJ Capital will remain the owner of … [Read more...]
Beyond Green adds seven global members
Worldwide: Sustainable hotel portfolio Beyond Green, part of Preferred Travel Group, has added seven members to its global collection, including the group’s first properties in Colombia and Zimbabwe. The Beyond Green portfolio currently spans 20 countries. Members must adhere to more than 50 sustainability indicators aligned with global standards and the United Nations Sustainable … [Read more...]
Owner of The Lowry to launch lifestyle BTR scheme in Manchester
UK: CDL Hospitality Trusts, which owns five-star hotel The Lowry in Manchester, is set to launch a lifestyle build-to-rent (BTR) scheme behind Manchester Piccadilly station this May. Marking the first residential venture from CDL, the BTR project – called The Castings – will offer 352 apartments ranging from studio to three-bedroom options. Amenities include a yoga room, a gym, a games room, … [Read more...]
European hostel chain a&o plans €500 million expansion
EU: Privately owned hostel chain a&o Hostels has revealed plans to invest €500 million towards its European expansion. The company is targeting office and retail conversions in cities such as London, Paris, Rome, Madrid, Lisbon, Berlin, Munich, Prague, and Amsterdam. According to a&o‘s CEO Oliver Winter, negotiations are already underway. Currently, a&o’s CO2 footprint is 3.73 … [Read more...]
Virgin Hotel Glasgow brought to market
UK: The luxury lifestyle Virgin Hotel Glasgow has been brought to market following the property’s closure four months after opening last year. The property’s owner, Lloyd Developments, fell into administration in early December. Whilst Virgin Hotels operated the site, its parent company Virgin Group attempted to acquire the site in order to keep it in operation. The offer was not accepted by the … [Read more...]
Knight Frank seeks boutique hotel operator for Newcastle site
UK: Property consultancy Knight Frank is seeking an operator for an office-to-boutique hotel conversion in Newcastle city centre. Located on the corner of Dean Street and Mosley Street in Newcastle city centre, Churchill House is a Grade II-listed office building. Knight Frank has been appointed as the sole selling agent to secure a new tenant for the site. It presents the opportunity to … [Read more...]
European hotel values at 97 per cent of 2019 levels, shows report
Europe: Hotel consultancy HVS has published its European Hotel Valuation Index (HVI) which reveals an uplift of around one per cent in 2023. During 2021 and 2022, the HVI reported value rises of 3.8 per cent and 4.5 per cent respectively. In 2023, the result was an uplift of around one per cent which keeps hotel values in Europe at approximately 97 per cent of 2019 levels. The slowdown in recovery … [Read more...]
Inhabit Queen’s Gardens achieves B Corp certification
UK: Urban wellness hotel Inhabit Queen’s Garden has been certified B Corp, joining its sister site Inhabit Southwick Street. Inhabit, Queen’s Gardens, the second Inhabit location in west London, opened in May 2022. It achieved Green Key certification the following year and has now been recognised as a B Corp business. As a zero waste to landfill hotel, Inhabit, Queen’s Gardens works … [Read more...]
CityHub to open fourth hotel in Iceland
BHN speaks to Harith Hamad AlMidfa, business development manager at Sharjah Investment and Development Authority (Shurooq), about its development activity in Sharjah and the challenges around historical preservation and ESG. Filmed at the Gulf & Indian Ocean Hotel Investors’ Summit (GIOHIS) 2024, at the Dusit Thani Abu Dhabi. Appeared first on: boutiquehotelnews.com … [Read more...]
Spring Budget 2024: How it will affect hospitality businesses
UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses. The decision to maintain the 20 per cent VAT rate however, and not … [Read more...]
Limestone acquires luxury resort in Sardinia
Italy: Alternative investment manager Limestone Capital AG has acquired a luxury resort in Costa Smeralda, Sardinia, which it will reposition into an Aethos hotel. The acquisition adds to the group’s portfolio of four hotels in Italy. Set to open in May 2024 under the Aethos brand, the five-star resort will offer 63 rooms and suites, freshwater pools, a gym, the ZAÏA Sardinia restaurant, and … [Read more...]
What to expect at Independent Hotel Show Amsterdam 2024
UK: Independent Hotel Show Amsterdam, organised by Montgomery Group, returns next week on 12-13th March, held at RAI Amsterdam. In its fourth year of running, the theme for this year’s IHS Amsterdam is ‘Dreamland’. Visitors are encouraged to “take a respite from the ordinary and experience a dreamland of trend exploration, product innovation and networking”. Event manager Tess Suters explained: … [Read more...]
Eden Hotel Collection launches The Happy Hub for employees
UK: Boutique hotel group Eden Hotel Collection has introduced an app-based employee program aimed at promoting four hormones that drive positive mental health. The Happy Hub has launched to the group’s 500-strong workforce across its five hotels: Mallory Court Hotel and Spa in Leamington Spa, The Arden Hotel in Stratford-upon-Avon, The Greenway Hotel and Spa in Cheltenham, Brockencote Hall … [Read more...]
Ovolo partners with Small Luxury Hotels of the World
APAC: Design-led boutique hotel collection Ovolo Hotels has partnered with Small Luxury Hotels of the World (SLH) to expand its global presence. Ovolo Hotels has properties in Australia (Sydney, Melbourne, Brisbane, Canberra), Indonesia (Bali) and China (Hong Kong). The partnership with SLH will enable Ovolo to extend its global presence through SLH’s sales, distribution and marketing … [Read more...]
Langham Hospitality Group launches experiential loyalty program
Worldwide: Operator Langham Hospitality Group (LHG) has launched Brilliant by Langham, an experiential loyalty platform. The purpose-built platform will deliver members personalised rewards and experiences across 30 participating hotels under LHG’s brands: The Langham Hotels & Resorts, Cordis Hotels & Resorts, Eaton and Ying’nFlo. Toronto’s Chelsea Hotel is also participating. Signing up … [Read more...]
Hilton partners with AutoCamp to branch into outdoor hospitality
While more details will be disclosed in the next few weeks and months, Hilton confirmed that its Hilton Honors loyalty members will be able to earn and use their points on stays, as well as enjoy exclusive, members-only benefits at AutoCamp locations. AutoCamp destinations that will be available through the Hilton partnership include: Russian River; Yosemite; Cape Cod; Catskills; Joshua Tree; … [Read more...]
Mercedes-Benz branded tower to launch in Miami 2027
US: German car manufacturer Mercedes-Benz has partnered with real estate firm JDS Development Group to build a 67-storey mixed-use tower in Miami. Located at 1 Southside Park in the Brickell neighbourhood of the city, Mercedes-Benz Places will feature 791 residences, a 174-key hotel, 20,000 square-feet of office space, health and wellness facilities, retail shops, and on-site parking. JDS will … [Read more...]
Tälta Lodge launches freestanding accommodation
US: Tälta Lodge, a Bluebird by Lark hotel in Vermont, has launched nine freestanding suites called Stugas, the Swedish word for cottage. The nine Stugas join 52 guest rooms and suites at Tälta Lodge. Each accommodation features a private patio with outdoor seating and fire pits, kitchenettes, a separate living space, bathrooms with walk-in showers, and free parking for one vehicle. Tälta … [Read more...]
$30 million Atlanta boutique hotel Chambray set for development
US: Commercial general contractor Swinerton has been appointed to construct the Chambray Hotel, a JdV by Hyatt property, in Downtown Roswell, Atlanta. The developer, a joint venture between DSM Real Estate Partners and Garage Cap, has selected Swinerton as the general contractor for the Chambray Hotel – a new five-storey property located at the intersection of Alpharetta Highway and Frasier … [Read more...]
STR and 10 hotel chains face lawsuit over “price fixing” for luxury
US: Benchmarking company STR, owned by CoStar Group, along with 10 hotel companies, face a lawsuit claiming that the “exchange of competitively sensitive information” allows operators to set high prices. Seven plaintiffs have filed a lawsuit against STR and its clients for inflating prices within luxury hotel metropolitan markets in the United States. The lawsuit claims: “Competitors in the … [Read more...]
The Standard plans European expansion with three openings
EU: Independent lifestyle hospitality brand The Standard is extending its presence in Europe with three openings in Brussels, Lisbon and Dublin kickstarting in 2025. Scheduled to open in H1 2025, The Standard Brussels forms part of the mixed-use ZIN redevelopment project in the Northern Quarter of the city. The hotel will be located in the World Trade Center, featuring 200 keys – 20 of which … [Read more...]
Sonder lays off 17 per cent of team in latest round of cuts
US: Hospitality company Sonder is set to make 106 team members redundant, accounting for 17 per cent of the company’s overall workforce by the end of March. According to a financial filing on Tuesday, in news first revealed by Skift, Sonder said that it would take on the costs tied to the redundancies but that the move would save the company around $11 million a year in the long term. The company … [Read more...]
BT Tower set for hotel transformation after £275 million sale
UK: BT Group, which owns the BT Tower in London, has agreed to sell the 177 metre-tall building to owner-operator MCR Hotels for £275 million. The BT Tower is a Grade II-listed communications tower located in Fitzrovia, London. Upon completion in 1964, it overtook the Millbank Tower to become the tallest structure in London until 1980, when it was surpassed by the NatWest Tower. Since 1984, BT … [Read more...]
Sircle Hospitality Group to file IPO
EU: Amsterdam-based lifestyle hotel and hospitality company, Sircle Hospitality Group, will soon launch its initial public offering (IPO) backed by SMG Holding, an IPO sponsor focussed on European medium-sized businesses. Sircle Hospitality Group will list on the Regulated Market of the Frankfurt Stock Exchange via a business merger with SMG European Recovery. The IPO is expected to result in a … [Read more...]
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