November 20, 2000 -- HVS International -- Boutique hotels, the design-led lifestyle hotels that are in favour with the young, affluent business traveller, is to gain a new entry into this rapidly growing market.
The hilton Group is currently building a 130-bedroom hotel in London's Trafalgar Square which is due to open in May 2001.
If successful, hilton plans to develop a small chain of boutique hotels to profit from this lucrative market.
On a separate note, Hilton is engaged in talks with the Israeli-based hotel operator Park Plaza Europe to sell of six former Stakis hotels for an estimated £52 million. Park Plaza Europe has hotels throughout Europe and Israel; the European hotels include the Shaw park Plaza in Euston and the Sherlock Holmes in London. The latter was acquired from Hilton last year for £10 million.
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HVS in 2000: Celebrating 20 Years of Valued Hospitality Consulting Service
This release is courtesy of HVS International, a global full-service hospitality consulting company. HVS International's numerous services including market studies & valuations, development consulting, litigation support, asset management,and more. Investment advisory services are available in the UK, Africa, Europe and the Middle East.
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