Hilton has announced that its flagship Hilton Hotels & Resorts brand will add a second property in central Paris, Hilton Paris Eiffel Tower. The plans were unveiled at MIPIM today in conjunction with owner Compagnie de Phalsbourg with whom Hilton has signed a management agreement to operate the 118 guest room property. The renowned French visionary designer Philippe Starck … [Read more...]
Hotel specialists focus on returns and reform in the face of business rate revaluations
Keeping calm and focusing on the job at hand whilst lobbying for change should be top of the agenda for hospitality businesses in the wake of increasing business rates, says Redefine|BDL Hotels’ (RBH) Chief Financial Officer, David Hart. The UK’s leading independent hotel management company oversees a portfolio of more than 50 properties facing business rate hikes averaging … [Read more...]
The Student Hotel announces three new acquisitions
The Student Hotel group, pioneers of hybrid high-quality co-living, co-working hospitality and student accommodation to open in the Netherlands, Italy and Spain. The Student Hotel will increase its European portfolio to 16 properties following the introduction of three new locations by 2019. Hotels in Eindhoven (already open) and Delft will add to its business in the … [Read more...]
Queensgate acquires Generator Hostels from Patron Capital in €450m transaction
Queensgate Investments Fund II LP, which is managed by Queensgate Investments, a private equity real estate fund manager, has agreed to purchase design-led hostel owner and operator Generator Hostels from Patron Capital, the pan-European institutional investor focused on property backed investments, and its co-investment partner, Invesco Real Estate, a global real estate … [Read more...]
Hilton to unveil first details of burgeoning French pipeline at MIPIM 2017
Ahead of this year’s MIPIM conference in Cannes, Hilton has announced new projects in France, following a franchise agreement with NAOS to introduce three hotels under three distinct brands. Following an active year of development in 2016, Hilton now has a total pipeline of nine projects across France, which are expected add more than 1,000 rooms to its portfolio in coming … [Read more...]