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Hotel Industry News |
Wednesday October 15th, 2008 |
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EMEA Hospitality Enews - Week Ending Christmas 2007 |
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Weekly Hotel Industry News Roundup from Europe, Middle East and Africa |
Hilton's Gift To Kazakhstan
Hilton Hotels Corporation's (HHC) present to Kazakhstan is a first Hilton hotel for the republic. HHC has signed a management agreement with Expo-Center Astana on the Hilton Astana. The hotel is to have around 237 rooms and it will open in Astana, the capital of Kazakhstan, in the first quarter of 2010.
See Mövenpick Around The Square
Christmas on The Square. And in this episode of Middle EastEnders, great excitement is caused by the arrival on The Square, a development in the Deira district of Dubai, of Swiss player Mövenpick Hotels & Resorts. Omniyat Properties has invited Mövenpick in to manage 180 hotel apartments and the development's food and beverage outlets. The Square should be ready in 2009. Sorted.
Banyan Tree Branches Out To Oman
Jabal Resorts has chosen its tree, it's a banyan tree. Banyan Tree Hotels & Resorts is putting down roots in Oman for the first time. It will be managing one hotel with the Banyan Tree brand and one with the Angsana brand at a resort development in Sifah. The development as a whole covers more than 650 hectares and it will have at least five hotels and more than 450 villas and 500 apartments for sale.
RLJ To Build Four-Star Hotel In Liberia
The RLJ Companies, of the USA, is reported to have reached an agreement with the government of Liberia, in West Africa, to build a four-star hotel on the seafront in the Liberian capital Monrovia. The villa-style hotel would be ready to open in February 2009. Over in East Africa, Fairmont Hotels & Resorts has rebranded the Norfolk Hotel as Fairmont The Norfolk. The 165-room hotel in Nairobi, the capital of Kenya, has just emerged from renovation work costing several million dollars.
Royal Orchid To Flower On A Tanzanian Beach
Royal Orchid Hotels has been looking to break beyond the bounds of its native India for some time now. Reports suggest that Tanzania, in eastern Africa, will be the first country to be garlanded. Royal Orchid is said to have paid US$2 million for Tanzanian firm Multi Hotels, which owns 30 acres of land on the beachfront in the city of Dar es Salaam. Royal Orchid will spend a reported US$25 million on the creation of a resort on that land.
The Real Story Of Christmas
The Christmas story that The Real Hotel Company (RHC) relates might not be the greatest story that the company's shareholders will ever have been told. In a trading update for the full year ending 31 December 2007 RHC warns that results are expected to be 'quite some way below the board's previous expectations'. The warning comes amid the underperformance of RHC's mid-market hotels in the UK. The UK looms large in RHC's story. The company is to exit its master franchise agreement and transfer the franchising operations in the UK to Choice Hotels International on 31 January 2008. RHC will though remain a Choice franchisee.
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Since 1980, HVS International, the leading global hospitality consulting organization, has provided financial and valuation consulting services for more than 10,000 hotels in all 50 states and more than 60 foreign countries. |
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