Source: HVS, 26 February 2011
A PARISIAN SALE FOR STRATEGIC
In its fourth-quarter earnings statement, US-based high-end hotel owner and manager Strategic Hotels & Resorts announced that it has entered into an agreement to sell its leasehold interest the 192-room Paris Marriott Champs-Elysées to an undisclosed buyer for €39.7 million. The sale is expected to be completed before 30 April 2011.
MARRIOTT TAKES A TRAIN, A BUS AND A PLANE
Marriott International whipped out its best pen this week and undertook a whistle stop tour of Europe to sign three new deals that will see it add two new Courtyards and a Renaissance to its European portfolio. First stop was the spa town of Wiesbaden, in southewestern Germany, where Marriott signed a franchise agreement with Realotel Wiesbaden Hotel Betriebsgesellschaft for the Courtyard Wiesbaden Nordenstadt Hotel. The 139-room hotel, which previously operated as the Ramada Hotel Wiesbaden, is to undergo a renovation before being rebranded in June 2011. Next, was a trip to the coast in southern France to sign a franchise agreement with Matea Sarl, which will result in the opening of the 124-room Courtyard Montpellier Hotel in December 2011. Marriott’s final destination was Poland, where it visited Warsaw to sign a franchise agreement with Port-Hotel for the Renaissance Warsaw Airport Hotel. This 225-room property will become Marriott’s third hotel in the city when it opens in 2013.
A DOUBLETREE ON THE DANUBE
Hilton Worldwide is to open its second property in Slovakia in the second quarter of 2011. Hilton announced this week that it has signed a franchise license agreement with Slovakian real estate company Tehelne Pole for the Doubletree by Hilton Bratislava. The 120-room hotel is currently being developed in the commercial district of the Slovakian capital.
KINGDOM TO BRING MORE SEASONS TO SAUDI ARABIA
Kingdom Holding Company has announced that it is to develop its second Four Seasons hotel in Saudi Arabia. The new 43-room hotel is to be part of Kingdom Oasis, a 3.8 km² residential development which is still under construction in Kingdom’s 16.8 km² Kingdom Riyadh Land mixed-use project in Riyadh. Joining its sister property in the city, the 249-room Four Seasons Hotel Riyadh at Kingdom Centre, the new hotel will comprise 75 residential units.
AN IBIS TO SPRING UP BY THE SEA
A new ibis hotel is soon going to be wading through the Red Sea to the port of Yanbu, in western Saudi Arabia. When it arrives in 2012 it will safely ensconce itself as the second ibis-branded property in the kingdom, alongside the ibis Riyadh which is due to open at the beginning of 2012. The 196-room ibis Yanbu is the product of a management contract between Accor and Prince Adbullah Bin Saud Bin Mohammad Al Saud, owner of the Saudi Arabian Al Ahlam Marine Tourism Group.
AN EXECUTIVE OPENING IN ABU DHABI
This week, Dubai-based chain Coral Hotels & Resorts made its debut in the emirate of Abu Dhabi, UAE, with the soft opening of the Liwa Executive Suites. Coral is managing the 54-unit property, which is the group’s eighth hotel in the UAE.
HILTON PLANS AN OPULENT OPENING IN KIGALI
Hilton Worldwide has completed its registration with the Rwandan Development Board for its US$30 million investment for a Hilton hotel in the city of Kigali, central Rwanda. The 160-room hotel, which is to be constructed by Opulent Hotel Group (an African subsidiary of UK-based Splendid Hotel Group) as part of its partnership with Hilton in Africa, is expected to open in 2012. This would be Hilton’s first property in Rwanda. Hilton isn’t the only big brand moving into Kigali in 2012, however, as Rezidor Hotel Group plans to open a 292-room Radisson Blu property in the Rwandan capital and Marriott International will be making its debut with the 237-room Kigali Marriott Hotel.