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The DB Realty board approves the demerge hospitality business in principle https://ift.tt/4p3Pq80 The DB Realty board approves the demerge hospitality business in principle The firm said in a regulatory filing that the plan to demerge its hospitality industry, comprising hotel operations and assets, had been evaluated and accepted in principle by the board of directors. The corporation intends to separate its hospitality division in an attempt to maximize value for investors. As part of its efforts to maximize value for shareholders, Mumbai-based DB Realty said on Friday that its board has accepted the proposal in principle to demerge the company's hotel sector. The firm said in a regulatory filing that the plan to demerge its hospitality industry, comprising hotel operations and assets, had been evaluated and accepted in principle by the board of directors. BD&P Hotels (India) Pvt Ltd, a subsidiary, Goa Hotels & Realty Pvt Ltd, a fully owned subsidiary, and Bamboo Hotel & Global Center (Delhi) Pvt Ltd, an affiliate of the corporation, are among the properties. Are. "The demerger will make it possible a differentiated strategy to take advantage of the vast potential of the Indian hospitality sector while developing a differentiated group of investors, partners, associates, as well leadership talent who are focused on Will attract hospitality business," DB the company stated. "It will unlock the value of the real estate as well as hospitality business for the company's shareholders." Additionally, this will guarantee that the real estate industry stays unaltered. The corporation said that the equity shares of the combined company would be listed on stock markets after the demerger process' conclusion. One of the top real estate firms in the nation is DB Realty. The Mumbai Metropolitan Region is where it is most prevalent (MMR). https://ift.tt/ipeuJ7S news February 09, 2024 at 04:23PM

Savills Hotels are pleased to release our hotel transaction report for 2023 with some takeaways for the year ahead. Whilst Australian hotel transaction volumes landed at A$2.494 billion in the 2023 calendar year, this was bolstered by some outlier larger transactions. Savills was pleased to be involved in a number of these significant transactions. Significant regional transactions continued to occur throughout 2023 on the back of the post-covid boom in domestic regional travel, having the highest number of transactions followed by CBD and suburban markets. Looking forward to 2024, we expect that with increased clarity surrounding the cost of debt along with further trading recovery driven by occupancy growth, hotels will continue to be one of the more sought-after asset classes. As such, we expect a continuation of similar levels of transaction volumes in the year ahead. For a confidential discussion of your hotel acquisition and divestment strategies, please contact the Savills Hotels national team. Mark Durran Leon Alaban Nick Lower Adrian Archer (API, FRICS) James Cassidy Nikola S. Hugo Weston Max Cooper Byron McDonald Benson Zhou Joseph Ganim Taylor Morris Gemilang Yulianto Adelaide Munro Ed Colwell Savills Australia & New Zealand

The UK hotel sector is at a critical turning point, with hotel deals reaching a ten-year high, signalling strong investor confidence and market momentum. This surge in transactions highlights renewed optimism in the sector’s recovery, as investors capitalize on strategic opportunities to acquire prime properties. From luxury hotels to well-established brands, these deals reflect a significant shift in the market, with stakeholders positioning themselves for long-term growth. As tourism and business travel continue to rebound, the UK hotel industry is set to experience a dynamic phase of expansion and innovation. Discover how this investment boom is shaping the future of the UK hotel market: https://shorturl.at/rdJij #HotelInvestment #UKHospitality #MarketGrowth #HBDPartners

The UK hotel sector is at a critical turning point, with hotel deals reaching a ten-year high, signalling strong investor confidence and market momentum. This surge in transactions highlights renewed optimism in the sector’s recovery, as investors capitalize on strategic opportunities to acquire prime properties. From luxury hotels to well-established brands, these deals reflect a significant shift in the market, with stakeholders positioning themselves for long-term growth. As tourism and business travel continue to rebound, the UK hotel industry is set to experience a dynamic phase of expansion and innovation. Discover how this investment boom is shaping the future of the UK hotel market: https://shorturl.at/rdJij #HotelInvestment #UKHospitality #MarketGrowth #HBDPartners

"Single Investor Purchases Exclusive Pair of Devens Hotels" Read the full article below..

Savills Hotel team are pleased to present our Australian Hotel Transaction Report for 2023 with some key takeaways below as well as some ideas for the year ahead. Whilst Australian hotel transaction volumes landed at A$2.494 billion in the 2023 calendar year, this was bolstered by some outlier larger transactions. Savills was pleased to be involved in a number of these significant transactions. Significant regional transactions continued to occur throughout 2023 on the back of the post-covid boom in domestic regional travel, having the highest number of transactions followed by CBD and suburban markets. Looking forward to 2024, we expect that with increased clarity surrounding the cost of debt along with further trading recovery driven by occupancy growth, hotels will continue to be one of the more sought-after asset classes. As such, we expect a continuation of similar levels of transaction volumes in the year ahead. For a confidential discussion of your hotel acquisition and divestment strategies, please contact the national Savills Hotels team. Adrian Archer (API, FRICS) James Cassidy Leon Alaban Nick Lower Rob Williamson Byron McDonald Max Cooper Damian Clark Heath Dowling Kathryn Brassington Benson Zhou Joseph Ganim Selin Ince Nikola S. Taylor Morris Jackson Simpkin Sherry Ge Adelaide Munro Gemilang Yulianto Ed Colwell Savills Australia & New Zealand

Question: How do existing owners feel about these types of partnerships? Do these 9,000 units compete directly with the brand's existing extended stay and select service products in these submarkets? This partnership is one more example of the, "Maturation of the Hotel Industry Drives Convergence with Other Sectors to Facilitate Growth" trend that CBRE Hotels, and others, have been been writing about for some time. https://lnkd.in/gwbwR6Ky The benefits to the strategic partners are clear, but how do legacy owners and investors feel? Nice overview of the deal by Skift's Sean O'Neill. CBRE, CBRE Capital Markets, CBRE Valuation and Advisory Services, CBRE España, Laura Peláez Corredor, Christine Bang, Ronald Chan, John Barreto, Darice Fichter Rose, Celeste Santangelo, Robert Mandelbaum, Michael Nhu

Turning challenges into opportunities! Our President & CEO, Mitch I. Patel, shares how we embraced a transformative year, focusing on values and growth amid market shifts. Watch the full interview with Hotel News Now

Germany-based investment manager Patrizia has purchased the Malmaison Edinburgh City hotel in an off-market deal. https://lnkd.in/gUkbAe87 The St Andrews Square hotel was sold for around £25 million to one of Patrizia’s UK institutional clients, it is reported. The 72-bedroom property has a 30-year lease, the third-highest average daily room rate among Malmaison hotels is expected to reach 85-90% occupancy this year. Phil Irons, head of transactions for UK and Ireland at Patrizia, says, “We are pleased to have acquired this exceptional asset in an off-market deal to further our client’s strategy to diversify into alternative sectors like hospitality. Edinburgh’s world-renowned reputation for culture, sport and business make it one of Europe’s strongest hotel markets, which is being further driven by the post-pandemic recovery in international tourism. While the transactions market remains muted, the current conditions continue to present attractive opportunities for us to acquire re-priced core assets that benefit from strong fundamentals. #hotels #Edinburgh #Malmaison #Consorto PATRIZIA SE JLL UK Colliers #CRE #commercialrealestate #commercialproperty #retwit #followus

Days after buying three London aparthotels, Pandox has agreed to acquire the DoubleTree by Hilton Edinburgh City Centre hotel for £49 million. https://lnkd.in/gPT4FndK The sellers are controlled affiliates of Starwood Capital. Closing is expected to take place by the fourth quarter 2024. DoubleTree by Hilton Edinburgh City Centre has 138 spacious guest rooms, generous conference facilities, restaurant, bar and an event venue with views of Edinburgh Castle. The hotel underwent an extensive renovation in 2014 when it was rebranded. DoubleTree by Hilton Edinburgh City Centre will be operated under a management agreement with Axiom Hospitality. The deal is expected to be financed by available cash funds and a new bank loan. Liia Nõu, CEO of the Northern Europe hotel specialist, says, "DoubleTree by Hilton Edinburgh City Centre is a nice addition to our hotel property portfolio. The hotel is performing well with potential to further develop the hotel product and increase the return over time. The cooperation with Axiom Hospitality, which will comprise nine hotels in the UK, ensures effective operations and lower operational risk. The transaction is a good example of our ability to identify and make acquisitions which contribute to our earnings short term, while also laying the foundation for additional value creation long term." #hotels #resorts #Edinburgh #Scotland #Consorto Pandox Hilton Hotels & Resorts #CRE #commercialrealestate #commercialproperty #invest #retwit #followus