Briefs: Four Seasons to manage Danieli; Banyan Tree launches HOMM
Four Seasons to manage the Italian icon: Four Seasons Hotels and Resorts will take over in 2024 the management of the famous 204-room Danieli in Venice, which operates under the Luxury Collection brand from Marriott International. An announced plan of 30 million euros to restructure and consolidate the building, as well as renovate and rehabilitate it, has already been proposed. A 200-room establishment will be designed by Pierre Yves Rochon and will open under the Four Seasons brand in 2024.
RLJ finalizes sale in New York and buys in Denver: RLJ Lodging Trust, Bethesda, Maryland, acquired 170-key Moxy Denver Cherry Creek for US $ 51.3 million (approximately US $ 301,000 per key) from BMC Investments, based in Denver, Colorado and completed the divestiture of DoubleTree Hotel Metropolitan New from 764 York Keys for 169 million US dollars. The buyer of the hotel is said to be Hawkins Way Capital, based in Beverly Hills, California. RLJ reportedly acquired the property in 2010 for almost US $ 332 million. Denver-based Sage Hospitality Group will manage Moxy Denver Cherry Creek. The company financed the acquisition by combining the cash flow of the business and the assumption of US $ 25 million of non-recourse secured debt. Following the sale of DoubleTree, RLJ owns two hotels in New York City, totaling 550 keys and less than 3.5% of the company’s 2019 pro forma hotel EBITDA.
DiamondRock acquires two in Florida: DiamondRock Hospitality Co., Bethesda, MD, has acquired two luxury resorts in Florida: the 170-key Henderson Beach Resort in Destin and the 103-unit (231-room) Tranquility Bay Beachfront Resort in Marathon. The investment for the two individual transactions was US $ 175.5 million, which includes an active year of capital recycling for DiamondRock which has moved the portfolio to approximately two-thirds of the destination hotels and resorts. . DiamondRock completed six deals in the past year, which saw the company recycle US $ 220 million from low-yielding, encumbered, capital-intensive properties into US $ 293 million of independent hotels and resorts. high quality, unencumbered and independent. The company acquired the Henderson Beach Resort for US $ 112.5 million in an off-market transaction in December 2021. The acquisition also includes revenue from 46 luxury residences adjacent to the hotel currently participating in the program. rental management of the hotel. The Tranquility Bay Beachfront Resort was acquired in January 2022 for US $ 63 million.
Peter Luger in Vegas: Legendary New York Steak House Peter Luger arrives at Caesars Palace in Las Vegas at the end of 2022. This is the first national expansion in over 60 years for the famous restaurant, which opened in 1887 and is commonly known as New York City’s original steak house. This will be their first US site outside of New York.
Banyan Tree launches HOMM: Banyan Tree Group, Singapore, announced the launch of the HOMM brand. The HOMM Bliss Southbeach Patong 71 keys will be the brand’s first property. The newly refurbished rooms offer contemporary beach-inspired accommodation, with 39 rooms featuring private balconies and terraces facing the sea or plunge pools on the ground floor. As part of the group’s Stay For Good program, the hotel lobby will feature an origami Black-billed Gull creation to raise awareness of the native bird found in nearby rivers and coastal areas.
Schroders and Extendam finalize the sale of Marriott in Nice: Schroders Capital, London, and Extendam, Paris, have completed the sale of the 143 keys of the AC by Marriott Nice hotel in France to an anonymous international hotel owner / buyer for an undisclosed price. The 4-star hotel was managed by Schroders Capital under a franchise agreement with Marriott. The company acquired the property in 2017 and has since added a rooftop bar and got approvals to add more rooms and meeting space. Extendam is 50% co-owner of the hotel. The sales process was overseen by Eastdil Secured.
Opening of the first Radisson Collection hotel in Germany: Radisson Hotel Group announced the completion of the new flagship property of the Radisson Collection in Berlin. The 427-key Radisson Collection hotel in Berlin, which is the country’s first Radisson Collection, opened after a 12-month renovation, which included redesigning all rooms, reception space, a new lobby , a bar and a restaurant. AquaDom, a large freestanding cylindrical aquarium with 1,600 tropical fish, has been modernized and continues to be the centerpiece of the lobby. In March, Restaurant Balaustine will open as the hotel’s main restaurant overlooking the River Spree.
Maui County Council adopts moratorium on new construction: Ignoring the mayor’s veto on the bill, Maui County Council voted to introduce a controversial two-year moratorium on new hotels that suspends permits for new construction. In July 2021, Maui Mayor Mike Victorino vetoed the bill, saying a moratorium was not the right solution to the island’s problems. A council member said the moratorium would not prevent tourists from entering the country, but rather give the country time to think about a way to curb overtourism, diversify the economy and provide affordable housing . She said the moratorium could end sooner if the country introduced legislation limiting transient accommodation. However, according to the Hawaii Hotel Alliance, there will be financial payoffs for developers whose permits were pending.
Hotel organizations approve Hochul as governor: The hotel and business groups Hotel Association of New York City and the New York State Hospitality and Tourism Association have announced their joint support for Governor Kathy Hochul, citing her support and comprehensive stimulus plan to help revitalize New York’s tourism industry. York. Governor Hochul previously announced a $ 450 million package to boost the state’s tourism industry, allocating $ 100 million in incentives to rehire laid-off tourism workers and $ 25 million in grants to help convention centers to attract events. Vijay Dandapani, President and CEO, Hotel Association of New York City, said, “Governor Kathy Hochul has demonstrated a clear understanding of the unprecedented challenges facing the hospitality and tourism industry, acting quickly to bring significant relief while ensuring its continued support for our long-term recovery.
Wyndham debuts in Poland: Wyndham Hotels & Resorts has announced its entry into Poland with the 205-key Wyndham Wroclaw Old Town in Wroclaw. The property is slated to open early next month and will be managed by Mogotel Hotel Group. This is Mogotel’s second collaboration with Wyndham, after the opening of the Wyndham Garden Munich Messe in Germany. The property is the latest addition to the company’s European portfolio, which includes more than 350 operational hotels in 30 countries and a development pipeline of more than 90 properties.
Easton will bring Hilton to the Distillery District in Canada: Easton Group of Hotels, Markham, Canada, will build Canada’s only Curio by Hilton, the first hotel within a mile of Toronto’s historic Distillery District and mark the last heritage building to be reused in the neighborhood. Comprising of 392 rooms, the full-service hotel will be a 31-story building that preserves the heritage building’s exteriors as a three-story base. The property will be designed by IBI Architects, ERA Heritage Architects and Studio Munge. The original building was built in 1890 and previously stored up to 15,000 barrels of alcohol until it closed in 1990. The building has six floors, which will be converted into three levels for Curio by Hilton. Construction is expected to start from mid-year.
Indigo Hotel in Minneapolis: IHG Hotels & Resorts announced the signing of the 218-room Indigo Minneapolis Northstar Downtown hotel in Minneapolis, Minnesota. The hotel, which opened in 1962 as an independent hotel named Northstar Hotel, is part of the Northstar Center mixed-use integrated complex which also houses offices, shops and a 955-space car park. The complex is slated for renovation and, when completed, will include 220 apartments and approximately 500,000 square feet of office space. It is the first Indigo hotel in Minneapolis. There are currently 129 Hotel Indigo properties around the world, with 116 more in the pipeline.
Thailand reopens more Sandbox programs: Thailand will reopen three other Sandbox destinations – Krabi, Surat Thani (Ko Samui, Ko Pha-ngan, and Ko Tao) and Phang-Nga – as well as the previously approved Phuket Sandbox for international arrivals from January 11. of their vaccination status, can enter Thailand under the alternative quarantine entry program from January 11. New registrations for Test & Go remain suspended. However, registrations for the Thailand Pass under the Phuket Sandbox and Alternative Quarantine programs remain open. The Phuket Sandbox program, which launched on July 1, 2021, allows fully vaccinated travelers to make the island their first or only destination in the country. After requesting a Thailand Pass for the Phuket Sandbox followed by pre-departure and post-arrival testing, travelers will need to stay at a government approved hotel for the first seven days in Phuket, after which they can explore Phuket and then continue. . throughout Thailand without quarantine.
The Bella Grace Hotel sells for US $ 27.3 million: The 50-room Bella Grace Hotel in Charleston, South Carolina, was sold by Charleston-based 115 Calhoun Hospitality LLC to Odyssey Propco X LLC, Fort Worth, Texas, for $ 27.3 million, according to the property records. The boutique hotel opened in 2018. According to original owner Donald Semmler, the name of the boutique hotel was inspired by the families of the nine black parishioners who were killed in the church near the hotel in 2015.