Siegel Group Buys Four Extended Stay Properties

Date: March 2018 Location: Albuquerque, New Mexico; Tucson, Arizona; Memphis, Tennessee and Bossier City, Louisiana. Name: Crossland Economy Studios, with 60 locations across the USA. No. of Keys: 500 Seller: Crossland Economy Studios, part of HomeTowne Suites and Studios, sold by Extended Stay America in 2015 for around US$290m. Buyer: Siegel Group – increases their number of…

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ICAMAP Takes easyHotel Majority Stake and Eyes Expansion

Date: March 2018 Location: 26 hotels and nearly 2,350 rooms in European major cities. Name: easyHotel Seller: easyHotel – the “super-budget” hotel chain which was created by Sir Stelios Haji-Ioannou, the founder of easyJet, in 2004. At the end of the placing, easyGroup Holdings Ltd and other parties acting in concert with Sir Stelios Haji-Ioannou,…

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HR Group of Germany Buys 5 Hotels for €100m

Date: March 2018 Location: Frankfurt – Sulzbach, Bad Neuenahr, Hannover, Bottrop, Flensburg Name: Dorint (2), Arcadia (2) and Best Western.. The purchase involves the Dorint Hotel Main-Taunus-Zentrum in Sulzbach (Hesse), the Dorint Parkhotel Bad Neuenahr, the Arcadia Hotels in Hanover and Bottrop and the Best Western Hotel Flensburg.

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Colliers Publish 2018 UK Hotels Market Index

Date: March 2018 How Often: Annual (2018 is the 3rd) What:  The UK Hotels Market Index is an analysis of 34 locations across the UK, ranked to determine the ‘hot spots’ for hotel development and acquisition across the country.

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Hyatt Expands Unbound Collection across Europe

Date: March 2018 Location: Cannes, Paris in France, Istanbul Turkey, London UK and Budapest, Hungary Name: Hotel Martinez in Cannes, due to reopen May 2018 with 409 rooms, Nish Palas Istanbul, opening summer 2018 with 45 rooms, Great Scotland Yard, to open 4th Qtr 2018 with 153 rooms, Hotel du Louvre also 4th Qtr 2018…

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IHG to Debut Holiday Inn in Cebu Business Park, Philippines

Date: March 2018 Location: Samar Loop, Cebu Business Park, Central Visayas – fifth most populated city in The Philippines and capital of the Southern Philippines. at the heart of the Business Park is the 9-heactare Ayala Centre Cebu shopping mall, attracting 60,000 visitors daily. Name: Holiday Inn Cebu City – due to open end 2020

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