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📣 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐀𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝐅𝐨𝐫𝐦𝐞𝐫 𝐃𝐞𝐛𝐞𝐧𝐡𝐚𝐦𝐬 𝐃𝐞𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐒𝐭𝐨𝐫𝐞 𝐈𝐧 𝐄𝐝𝐢𝐧𝐛𝐮𝐫𝐠𝐡 𝐓𝐨 𝐎𝐩𝐞𝐧 𝐅𝐢𝐫𝐬𝐭 𝐙𝐞𝐝𝐰𝐞𝐥𝐥 𝐇𝐨𝐭𝐞𝐥 𝐈𝐧 𝐒𝐜𝐨𝐭𝐥𝐚𝐧𝐝 📣 𝐄𝐝𝐢𝐧𝐛𝐮𝐫𝐠𝐡 – 𝟏𝟓𝐭𝐡 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒 – Criterion Capital Limited, real estate owner and platform operator, announces the acquisition of 109-112 Princes Street in Edinburgh to open its first Zedwell Hotels hotel in Scotland, marking a milestone expansion of the brand into the historic capital. Asif Aziz, Founder and CEO of Criterion Capital, commented: "Opening our first hotel in Scotland is a significant step in our ambitious UK-wide expansion of our unique Zedwell hotel brand. Edinburgh’s rich history, cultural significance and strong tourism sector make it an ideal location for Zedwell. This project represents a fantastic addition to our committed pipeline of 22 hotels with over 7000 rooms that, together with our expanding residential and commercial portfolios, will see our AUM exceed £6bn.” Occupying over 116,500 sq ft., the new Zedwell hotel will revitalise this historic thoroughfare, which sees an average footfall of 300,000 pedestrians per week. The hotel’s prime location also offers views of Edinburgh Castle and Princes Street Gardens. Situated in a central tourist hotspot close to the Old Town and Royal Mile, Zedwell will boast excellent transport links, including the nearby Edinburgh Waverley train station, the city’s tram network and numerous bus routes. Zedwell has pioneered a unique hotel concept that is already thriving in central London locations. Zedwell provides a sleep-focused experience, with guest rooms aptly named “cocoons” equipped with noise-reducing walls, floors and doors, as well as warm ambient lighting, enabling guests to recharge before tackling the bustling city again. Kerr Young, Head of UK National Hotels Transactions, Capital Markets, JLL, added: “We are delighted to have advised on the sale of 109 Princes Street. Edinburgh remains the best performing hotel market in Europe and JLL are very excited to be facilitating the entry of a new hotel concept such as Zedwell to the market which will support the adaptive reuse of a strategically important property located in the heart of the city centre.” 𝐄𝐍𝐃𝐒 𝐊𝐄𝐘 𝐂𝐎𝐍𝐓𝐀𝐂𝐓 Saskia Jiggens 📧 saskia.jiggens@criterioncapital.co.uk #CriterionCapital #Edinburgh #Scotland #PropertyNews #Zedwell #Hospitality #RealEstate #HotelOpening #TravelNews #VisitScotland #RoyalMile #UNESCO #UKTourism #HotelNews

As the worst hit sector, Kenya’s hospitality market witnessed a decline in its overall performance during the pandemic. While it is not yet completely out of the woods, it made a remarkable rebound to become among the top real estate submarkets in the country. Moreover, some of its best activities and performances were witnessed post the pandemic era. Click the link below to know how the sector has fared since 2021. https://lnkd.in/dcKbr2eM

As today's Hospitality Investor article highlights, hotels are vital components of sustainable economic development. It is great to see local authorities supporting regeneration efforts, as hoteliers continue to find growth opportunities for the sector. As challenging as it has proven to be, “levelling up” policy is reliant on collaborative efforts between local authorities and businesses. I have also talked about the use of empty council buildings as this creates an interesting opportunity for more hotel development, not only in terms of finding value in unused space, but also finding new opportunities for community development. Some councils have done this with success but we need more to make it easier for developers, landlords and hotel operators. Added to this, we must remember that property development should be environmentally responsible, socially equitable, and economically viable. What do you think, councils supporting hotel development / use of empty councils buildings, will see more of this in 2024? #hospitality #development #regeneration https://bitly.ws/3d7fQ

🌍 Growth on the Horizon for Africa’s Hospitality Sector 🌍 As the world’s hotel pipeline grows, Africa continues to secure its place as a region on the rise! Despite challenges in other areas, recent data from STR underscores that Africa and the Middle East are steadily moving forward with new hotel developments. With over 226,000 rooms under contract—especially focused in the Middle East—we're also seeing promising planning activity in Africa itself. Projects in the pipeline represent more than just numbers; they’re a testament to our industry’s resilience and a chance to create sustainable, locally-focused growth for our communities. Exciting times for those of us working in hospitality across the continent! This momentum reaffirms the value of investing in our region's hospitality infrastructure to meet the rising demand and offer unforgettable experiences for travelers. #Africa #HotelDevelopment #HospitalityGrowth #STR #AfricaTourism 🔗 Read the full article

Great Britain | £3 Billion Hotel Investment in the First Half of 2024 The well-known property consultancy Knight Frank, after a careful analysis shows that hotel investments in Great Britain in the first half of 2024 reached £3 billion supported by portfolio transactions. Among the largest deals in the first half of the year were the purchase of 10 Radisson Edwardian Hotels by Starwood Capital Group for £800 million, the recent acquisition of 33 Village Hotels by Blackstone Real Estate for £850 million and the sale by Landsec's hotel portfolio for £400 million to Ares Management. This £3 billion investment represents a significant increase compared to the same period in 2023 which had seen £990 million and is 10% below the pre-pandemic level in 2019. It was mainly investors from the United States of America who drove the largest volume of transactions, accounting for 77% of the total investment activity in Great Britain, with the capital London being the main centre and focal point where the largest investments were concentrated with around 70% of the operations. Knight Frank Head of Agency said that the direction for the entire sector shows positive indices and the volume of portfolio transactions is a tangible proof that the sector remains attractive. There is also expected to be an increase in the quality and number of hotels seeking to transact for the reason that hotel owners have extended their investment cycles and are now looking to implement outbound strategies. When a particular asset meets all the investment criteria, some buyers are willing to pay the full price for these assets. With a strong pipeline of hotels currently in legal affairs, the team of Knight Frank expects this momentum to continue and a cut in interest will further enhance optimism towards investment in the British hotel market. On an additional note, Knight Frank Group said there is evidence that stakeholders are increasing pressure on owners to bring assets to market to deliverable levels for a more timely sale.

Hotels are an increasingly attractive market segment for investors and owners.

In BTN's 2024 Hotel Survey & Report, few buyers projected structural changes to hotel programs; but many volunteered they were looking to shift share to fewer preferred properties. Get the story: https://ow.ly/fTWe50TwilX

Explore the advantages of leasing a hotel and take the first step towards your dream of running a successful hospitality business. . . #HotelLeasing #BusinessOpportunity #HospitalitySector #HotelExpansion #RiskManagement #BusinessGrowth #HotelOwnership #LeaseBenefits #SmartInvestment #hotelmanagement #londonuk #revenuemanagement

Brisbane-based investor acquires third accommodation asset - CBRE Hotels   Brisbane-based property investment company Mahil Group has acquired the Ibis Budget Windsor, showcasing increasing confidence in Brisbane’s hospitality sector.   The acquisition represents the investor’s third venture in the city, expanding their existing portfolio that already includes the Pegasus Motor Inn and Alloggio Hamilton.   CBRE Hotels’ Wayne Bunz and Hayley Manvell brokered the sale, which reflects an initial yield of 4.5%.   “Everyone wants to be in Brisbane and Queensland. Brisbane has had, and will continue to have, an extraordinary growth story. Over the past 10 years, Brisbane’s population has grown faster than any other major Australian capital city—a trend forecast to continue over the next 10 years,” Mr. Wayne Bunz said.   “Demand continues to outstrip new hotel supply, and with substantial capital committed to Brisbane’s infrastructure pipeline in the lead-up to the 2032 Olympics, astute investors like Mahil Group will capitalize on Brisbane’s strong capital growth potential and burgeoning tourism sector.”   Ms Hayley Manvell added, “Currently, the value proposition of purchasing existing accommodation far outweighs development, as construction costs continue to rise, and replacement costs far exceed existing asset purchase prices.”   “Brisbane’s hotel supply remains constrained compared to previous cycles, primarily due to the significant cost of construction for new projects. Read more on The Hotel Conversation: https://lnkd.in/gsbaCh52 Alexia Morelli COMMO Northy Chen Paul Fraser Scott Callow Michael Simpson Tom Gibson Steve Carroll Aaron Desange Ryan McGinnity Troy Craig Raymond Tran CBRE CBRE Asia Pacific IBIS hotel ibis, ibis Styles, ibis budget Ibis Budget Windsor Hotel #cbre #cbrehotels #brisbane2032 #brisbanerealestate #hotelinvestment #hotels #hotelindustry #hoteldevelopment #hotelmanagement

APJ'S daily wrap up of #socialinfrastructure, #developmentsite, #hotel and #commercialproperty #investmentsales, as well as leasing transactions across Australia. #pubs #pubinvestments #hotelproperty #hotelinvestments #hotelsales #RetailLeasing #IndustrialLeasing #OfficeLeasing