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Red Planet Japan steps up Asian expansion with $59.5 million acquisition

Red Planet Japan steps up Asian expansion with $59.5 million acquisition

Hotel News - Red Planet Japan announces the $59.5 million acquisition of the Thailand-based hotel arm of its parent company Red Planet Hotels Limited on the back of a series of expansion announcements in the Asia Pacific region. Red Planet Japan has announced that it is acquiring the Thailand-based hotel arm of its parent company Red Planet Hotels Limited. Industry experts say the acquisition is likely to be completed by the end of the first quarter of the financial year 2019. Red Planet Japan will acquire a half dozen hotel-owning companies in Thailand, all of them from its parent company. This will make for a total acquisition consideration of 6.5 billion Japanese yen or $59.5 million. The acquisition includes five operating hotels, located in Surawong (Bangkok), Patong (Phuket), Asoke (Bangkok), Pattaya, and Hat Yai. It also includes a sixth property that is currently under development in Sukhumvit Soi 8 (Bangkok). The operating hotels being acquired in Thailand have a recorded sales that totals 692 million Japanese yen ($6 million) in 2017 and 787 million Japanese yen ($7.1 million) in 2018. As a result of this acquisition, Red Planet Japan’s portfolio will increase to a total of 15 hotels in Japan, Thailand, and the Philippines, including five hotels under development. EXPANSION OF JAPANESE TOURISM Japan, like many markets with easy access to Southeast Asia, has undergone a tourism boom in recent years. Factors such as the expansion of low-cost carrier routes, the loosening of visa requirements, and a growing affinity for Japanese culture, has fueled a substantial increase in the number of tourists travelling from Southeast Asia to Japan in recent years, especially from Thailand.

Create: Feb 25, 2019     Edit: Feb 26, 2019
Best Western completes acquisition of WorldHotels

Best Western completes acquisition of WorldHotels

Hotel News - Best Western Hotels & Resorts announced today it has acquired global hotel brand WorldHotels representing a collection of approximately 300 unique and special hotels and resorts in premier destinations around the world. “There is tremendous synergy between Best Western and WorldHotels. By joining forces in this new partnership, we will create competitive advantages for both companies,” said David Kong, President and CEO of Best Western Hotels & Resorts. “I have the utmost respect for WorldHotels and believe in its vast potential.” The acquisition of WorldHotels was completed last week. The WorldHotels brand will play a critical role in enhancing Best Western’s portfolio of offerings to include the upper-upscale and luxury segments. WorldHotels will maintain its distinctive personality and individuality while benefiting from Best Western’s robust and scalable e-commerce platform, strong partnerships, sales and marketing support and powerful revenue engines. WorldHotels _Collection“Best Western is one of the largest, most respected and trusted hotel brands,” said Geoff Andrew, CEO, WorldHotels. “As we join forces, the combined power of our brands sets the stage for a bright future for both Best Western and WorldHotels. Through its established senior leadership team and regional presence in each market, Best Western brings a new level of expertise that will undoubtedly help grow both Best Western and WorldHotels in key markets.” Best Western has been on a journey of transformation over the past several years. In the last year alone, Best Western was named one of the world’s Most Innovative Companies by Fast Company, expanded its portfolio to 13 dynamic brands reaching new guests in new segments, and won a record number of industry awards and accolades. The acquisition is a testament to Best Western’s commitment to growth, modernization and continued progression, bolstering the company’s position as a trusted leader in the global hospitality industry. “In the coming months, our focus will be to unlock WorldHotels’ potential by improving revenue delivery to its hotels while protecting its independent identity. We truly believe our platform will build the WorldHotels brand and attract many more independence–minded, quality hotels to join.  We are very pleased that Geoff Andrew will continue as CEO of WorldHotels for the foreseeable future.” concluded Kong.

Create: Feb 19, 2019     Edit: Feb 19, 2019
Hyatt making big moves in Middle East & Africa - HYATT continues expansion in Kuwait

Hyatt making big moves in Middle East & Africa - HYATT continues expansion in Kuwait

HYATT CONTINUES EXPANSION IN KUWAIT Hyatt Regency makes a comeback in Kuwait with the opening of the Hyatt Regency Al Kout Mall. The property will be emblematic of Hyatt´s Regency brand, which aims to offer guests the convenience and ease of having all of the amenities they require under one roof. The Al Kout Mall will boast 200 guestrooms, which includes 53 junior suites, 67 regency suites and 14 premium suites, as well as 2,400 sqm of meeting and conference space which includes a regency ballroom for events and functions. One of the highlights of the hotel is the rooftop fitness centre, Club Olympus, which offers guests panoramic views out over sea and city. Here, guests can relax in the pool or keep fit in the gym. The hotel is also conveniently located close to the international airport and to the border with Saudi Arabia. Some of the most exciting sights in Kuwait are right at the hotel’s doorstep, including the Al Kout Mall, Souq Al Kout, Al Kout Marina, Al Kout Fisherman’s Wharf and the Al Kout promenade. “We are excited to welcome the Hyatt Regency brand back to Kuwait,” said Mohammed Jassim Khalid Al Marzouq, chairman of Tamdeen Group, Hyatt’s partner in the opening of the Regency Al Kout Mall, as well as the planned Grand Hyatt Kuwait. “We are certain that the Hyatt Regency brand, known for its superior facilities and seamless service, will resonate with business and leisure travelers visiting Kuwait, and look forward to our continued collaboration and future openings in this dynamic city,” he added.

Create: Feb 16, 2019     Edit: Feb 19, 2019
Intour Summit comes to Azerbaijan in June

Intour Summit comes to Azerbaijan in June

Hotel News - Azerbaijan will host the Intour Summit on June 4 and 5 this year, which is the region’s foremost travel summit, drawing attendees from all corners of the hospitality industry. Over the course of two days, delegates will network with over 1,000 other industry professionals, and listen to over 70 speakers dive deep into the current market trends. We find out more. AZERBAIJAN MAKES ITS MARK Azerbaijan is one of the most important countries in Central Asia, and boasts the frontier of the meeting of East and West, making it a melting pot of different cultures. It is an ideal place, then, for the Intour Summit, the country’s and the region’s most prominent hospitality conference. Delegates and industry professionals will make their way from all corners of the globe to attend this two-day event, which promises to be full of inspiring and engaging talks, presentations and networking sessions. It will also gives attendees the chance to discover the amazing city of Baku, the country’s historic city and capital, which has be central to Azerbaijan’s strategy to make the country a player on the world commercial stage. RICH IN CONTENT The Intour Summit will guide participants through developments and opportunities in the region. Some of the confirmed speakers at the event include Adrian D`Amico, VP of Booking.com EMEA; Alexis Feuillat, Director of Development IHG for Russia, Ukraine, Georgia, CIS and Baltics; David Jenkins, Vice President Business Development for Russia, CIS, Georgia, Ukraine, Baltics, Balkans and Israel at Radisson Hotel Group; and Sergey Egorov, Director of Development for Russia and CIS at Wyndham Hotels & Resorts. Speakers will present information, research and data around current developments in the industry as well as future trends and projections. A diverse array of sectors will be in attendance, from tech startups, media groups, hotels, airlines, investors and tour operators, and networking will be encouraged in the B2B meeting zone, as well as through pre-arranged meetings, coffee breaks and drinks receptions. With the Central Asian market growing quickly, the Intour Summit promises to be a great opportunity to find out about the region’s pipeline and meet potential partners in the area. More information available here.

Create: Feb 16, 2019     Edit: Feb 19, 2019
Myrtle Garden Hotel by Graft Lab & Penda

Myrtle Garden Hotel by Graft Lab & Penda

Hotel News - The hotel is located in the outskirts of Xiangyang / Hubei and sits on a small hill within the largest Myrtle Flower Garden throughout Asia. The design of the hotel was primarily focused on providing a soothing harmony between architecture and its natural environment. Designed to blend into its surrounding typography, the hotel is partially inserted into the slope of the hill and offers a varying appearance depending on ones point of view. Where else the hotel is read from the north as low to the ground and has a continuity to its surrounding  landscape, the complex opens up towards the South introducing the business area to a nearby already existing restaurant by the lake. A drop­off lane wind itself through and underneath the circular volumnes and offers a certain level of urbanity to the hotel’s natural surrounding. Being situated within Myrtle Tree Park, the layer of balkonies serves as a connecting element between the  Interior of the Hotel and the vegetation of the park. Smaller Trees growing on and within the facade layer  underline the relation between the articial balcony structure and its natural environment. Every room throughout the hotel is surrounded by the Myrtle Garden on one side and a courtyard on the other, which provides natural air ventilation when needed.  Rainwater gets collected on the hotels roof and passed on to the 3 courtyards, where it is stored in tanks and  can be used for flushing and irrigating plants.

Create: Feb 3, 2019     Edit: Feb 13, 2019
Four Seasons Hotels Announces Nine Planned New Property Openings in 2019

Four Seasons Hotels Announces Nine Planned New Property Openings in 2019

Hotel News - The coming year will mark several significant new openings for Four Seasons Hotels and Resorts with the debut of nine new hotels and resorts around the world, plus the continued expansion of its residential portfolio. “Four Seasons is well positioned for continued success in 2019 with the steady and strategic growth of our global portfolio,” says Christian Clerc, President, Worldwide Hotel Operations, Four Seasons Hotels and Resorts. “Our portfolio continues to grow at a healthy pace, as we focus on projects of the highest quality, in the destinations where our guests want to be. We remain committed to offering the very highest standards of hospitality as we expand with a diverse collection of properties, including our entry in Greece and Spain, our first resort set within a world class vineyard in Napa Valley, and the opening of our first standalone residences in London.” Clerc continues, “With a continued focus on our residential portfolio, we are solidifying our market position as the world leader in luxury branded residential offerings. Eight of the nine new anticipated openings this year include a residential component, affirming the growing importance of branded residences to Four Seasons growth strategy as well as luxury consumers who want to live with our brand and make Four Seasons their home.” Now numbering 111 hotels and resorts in 47 countries – including recent openings in Desroches Island, Seychelles; Kuala Lumpur, Malaysia; and São Paulo, Brazil – Four Seasons is planning to open the following new hotels, resorts and private residences in 2019:

Create: Feb 3, 2019     Edit: Feb 13, 2019
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