Colliers International reports that hotel operators could claim up to £145,000 per hotel, on overpaid business rates, by lodging their appeal by the 31 March deadline. Colliers analysed the number of hotel assessments in each region nationally along with the total rateable value (RV), and the results, based on Colliers’ success rate of a 12.5% reduction, shows savings … [Read more...]
Starwood Hotels & Resorts to add 40 hotels in Europe
From IHIF in Berlin, Starwood Hotels & Resorts has announced it is on track to open more than 40 new hotels and resorts across Europe in the next five years, expanding its portfolio by almost 30% with openings in both fast-growing and established markets. “2014 was a record year of deal signings for Starwood in Europe with consistent, sustainable high-quality portfolio … [Read more...]
First Hampton by Hilton opens in Newcastle
Hampton by Hilton Newcastle has opened with 160 rooms and located on Neville Street in the centre of Newcastle upon Tyne. The hotel, which is managed by Interstate Hotels & Resorts on behalf of Baron House Hotel Limited is the first Hampton by Hilton property in Newcastle and joins more than 30 Hampton by Hilton trading or under development hotels in the United … [Read more...]
Hotel property: which macro environment to back in Europe?
Europe’s leading hotel property specialist and patron sponsor of IHIF, Christie + Co acts for and advises most of the major players in the hotel sector across Europe. This places it in an ideal position to offer insight into the performance of the European hotel market. Recovery began in 2014 – 17.2% price increase European recovery in the hotel sector began in the UK … [Read more...]
Hotel values rise across Europe
Europe’s hotels witnessed their fifth consecutive year of value growth last year, with properties in the UK and Southern Europe seeing some of the biggest gains, according to the 2015 European Hotel Valuation Index, published this week by global hotel consultancy HVS. Significant value increases “Hotels in several cities have experienced significant value increases … [Read more...]