Peachtree Foods’ Post

Ennismore, the fastest-growing lifestyle and leisure hospitality company, and Kasada Capital Management, the leading independent real estate private equity platform dedicated to delivering attractive, sustainable value across the hospitality sector in Africa, are delighted to announce the signing of Hyde Johannesburg. The opening marks a series of significant milestones, including Ennismore’s first hotel in Johannesburg, the first Hyde hotel in Africa, and Kasada’s first investment in Johannesburg and fourth in South Africa. In the heart of Rosebank, Hyde Johannesburg will have 131 rooms, including 31 suites and a gym. The hotel will undergo a soft renovation to reposition it to create a more bohemian feel that reflects the Hyde brand, including a new mural, creating spaces for art and music collaborations on the ground floor and new art installations throughout the hotel, bringing a new bold look and feel whilst supporting and celebrating local artists. The mixed-use building also comprises Proud Mary SA, one of the most successful restaurants in the city, a lobby lounge, meeting rooms, and 7,400 sqm of fully leased coworking, office, and commercial spaces. Hyde is a bohemian brand with a laidback, welcoming atmosphere rooted in music, having started out life as a club on LA’s Sunset Strip. The brand and guest experience encapsulates the free spirit of a festival. Louis Abi Abboud, Chief Development Officer and Deputy Head of IMEAT at Ennismore, said: “Hyde Hotels have a sense of mystery and freedom, with that feeling that anything can happen, and we are incredibly excited to bring this unique lifestyle hospitality experience to Johannesburg. We are proud to be once again partnering with Kasada to bring an Ennismore brand to Africa for the first time and to open in a new global destination, further expanding the reach of our network.” Olivier Granet and David Damiba, Managing Partners and co-CEOs of Kasada, said: “We’re thrilled about bringing Kasada’s expertise as the leading hospitality investor and owner on the continent to one of the best lifestyle hotels in Africa. As a committed and responsible investor in South Africa, we see this investment as a key opportunity to further our dedication to supporting economic and socio-economic growth through the tourism and hospitality sectors. We look forward to working closely with Ennismore to make Hyde Johannesburg the best lifestyle hotel destination not only for Johannesburg but also for the African continent.” This investment further strengthens Kasada's position in South Africa, where it has, to date, made three investments in Cape Town. Kasada acquired the prestigious Cape Grace, A Fairmont Managed Hotel in 2022, the Pullman Cape Town in 2023, and is developing a MAMA SHELTER with Ennismore. Kasada’s portfolio now consists of 20 hotels in operation or under construction (>3,250 rooms) across seven African countries. #Hospitality #HydeHotels #HydeJohannesburg #Kasada #Ennismore

Business travelers increasingly seek alternative accommodation solutions to stay more comfortable when away from home. Business travelers are increasingly open to staying somewhere other than traditional chain hotels. Business professionals, who are more than familiar with the drawbacks of continuously living out of suitcases while staying in traditional hotel rooms, appreciate the features of a serviced apartment. Have you ever considered switching hotel rooms for a serviced apartment? Here are six reasons why you should: https://lnkd.in/gajtytJW

Since 2019, New York City has lost approximately 6,000 hotel rooms, with 3,000 of those in Manhattan alone, largely due to the conversion of 16,000 rooms into migrant housing. These conversions, coupled with the city's 2021 hotel special permit requirement, have transformed New York's hotel development landscape into a highly regulated arena, raising concerns about the future of tourism in one of the world's most iconic destinations. The situation seems dire, with industry experts like Shimon Shkury, president of Ariel Property Advisors, pointing to growing challenges. Shkury highlights three major issues: a general shortage of hotel rooms, the use of 12-15% of remaining rooms for migrant housing, and a resurgence in tourism near pre-pandemic levels. Furthermore, stringent zoning requirements, which necessitate special permits for hotel construction, have led to longer, more complex approval processes, further exacerbating the issue and driving up the average daily room rate. Yet, despite these hurdles, optimism remains within the industry. Manhattan hotels continue to operate at an 87.2% occupancy rate, and with 8,000 new rooms currently in the development pipeline, there is hope that New York can navigate these challenges. Significant investments, including potential new casino licenses with accompanying large hotel projects, aim to offset some of the current strain on supply. However, for areas like Upper Manhattan, where hotel availability has long been an issue, the situation remains especially concerning. The closure of major hotels like the historic Hotel Theresa in Harlem in 1967 left the area with limited hospitality options—a challenge that persists despite a few new hotel openings. Complicating matters are rising construction costs and a post-COVID “rate-led recovery,” with hotels charging higher rates to offset staffing shortages, further limiting the availability of affordable accommodations for tourists. Kevin Davis of JLL Hotels & Hospitality emphasizes that many budget hotels are out of commission, driving tourists toward higher-priced options. As New York City navigates these challenges, the need for a balanced approach to development, including both affordable housing and a thriving hotel industry, becomes more pressing. Upper Manhattan, particularly East Harlem, stands as a reminder of the importance of diverse, accessible hospitality options in supporting local economic growth and maintaining New York’s status as a premier global destination. #NYCHotels #TourismIndustry #RealEstateTrends #Hospitality #MigrantHousing #EconomicDevelopment #UpperManhattan #NYCDevelopment #HotelIndustry #RealEstateRegulations https://lnkd.in/eUs8YwQv

From offices to hotels: Budapest to see major transformation. Budapest is likely to undergo a major transformation in the near future. #hotel #office #Budapest #accommodation https://lnkd.in/duKkdKcw

It is difficult to quantify exactly how many hotel rooms Dublin needs and it certainly isn't possible without a detailed analysis of population and visitor projections nor is the short term impact of refugee accommodation a factor in the debate about the long term fabric of the city. Ideally as promised in the Dublin City Development plan we would see DCC lead on this with such an evidence based review of current stock and future needs as we've seen elsewhere in cities such as Edinburgh. This would also need to take into account the geographic spread of accommodation as well as the potential impact of the new short term let register. Based on conventional measures of hotel rooms per inhabitant Dublin is probably adequately served by the current stock and the ability to decide how appropriate it is should ideally be made nearer the end of 2024 once we have a year of the surge of supply we have seen bed in as well as the overseas leisure boom subside. We now have correct tourism statistics to work off as well as recent Census data which will give anyone tasked with such a project the perfect base to work off. All that said the best use of infilling the Georgian core or repurposing obsolete offices elsewhere may well be hotels leaving large brownfield and greenfield sites to residential use. Hotel development in Dublin has met its moment in terms of how its planning will impact on the future of the city and as such it needs a bit more attention than it has received in the past. https://lnkd.in/ersXpD6R

One of the best parts about staying in a hotel is that you never have to clean and change the sheets or towels, but what if you could have that with your own apartment? Aparthotels have become extremely popular in South Africa in the last few years, and while most units are only available for rent, some can be purchased. In many ways they really do offer you the best of both worlds. You can get daily housekeeping, fresh linen, a stocked fridge, and the other amenities hotels offer without a costly “per night” fee, ands an added bonus, you don’t need to purchase any furniture. Aparthotels are also excellent for short-term letting, as your renters can enjoy the hotel’s amenities, too. Unlike regular apartments advertised on Airbnb, most aparthotels will also help you manage and prep your property when you have guests. Luxury is often about doing less, and that’s exactly what aparthotels are all about. I really hope we see more developments like these in the future, as I’d love to get some listings like these!

🏨 Attention Hostel Owners! Take Your Hostel to the Next Level with These Improvement Tips 👥✨ Want to provide an unforgettable experience for your guests and stay ahead of the competition? Here are some valuable tips to improve your hostel: 1️⃣ Enhance the Facilities: Regularly evaluate and update your hostel's facilities. Invest in comfortable beds, quality linens, and modern furnishings. Upgrade common areas with cozy seating, vibrant decor, and functional amenities like charging stations and high-speed Wi-Fi. 2️⃣ Cleanliness Is Key: Maintain a high standard of cleanliness throughout your hostel. Regularly clean and disinfect all common areas and facilities. Train your staff to adhere to strict hygiene protocols and provide top-notch housekeeping services to ensure a clean and inviting environment for your guests. 3️⃣ Staff Training: Invest in comprehensive training for your staff to ensure excellent guest service. Teach them effective communication skills, problem-solving techniques, and how to create a welcoming and friendly atmosphere. Well-trained staff can make a significant difference in the overall guest experience. 4️⃣ Personalize the Experience: Tailor your services to meet the unique needs of your guests. Provide personalized recommendations, arrange special events or tours, and offer customized packages for different traveler preferences. Make your guests feel valued and create memorable moments. 5️⃣ Embrace Sustainability: Implement eco-friendly practices to attract socially conscious travelers. Reduce the use of single-use plastics, incorporate recycling programs, and support local and sustainable businesses. Communicate your commitment to the environment to resonate with eco-minded travelers. 6️⃣ Engage with Guests: Encourage social interaction and foster a sense of community through organized events, game nights, or group activities. Create opportunities for guests to connect and share experiences, making your hostel a vibrant and enjoyable place to stay. 7️⃣ Prioritize Safety: Ensure all safety measures are in place to protect your guests. Install security cameras, implement access control systems, and provide clear emergency procedures. Regularly inspect safety equipment and train your staff in emergency protocols. 8️⃣ Listen to Feedback: Pay attention to guest reviews and feedback to identify areas for improvement. Take constructive criticism seriously and continuously seek ways to enhance your hostel based on guest suggestions. ✨ By implementing these tips, you can elevate your hostel and provide an exceptional experience for your guests! 🔗 #HostelImprovement #HospitalityIndustry #GuestExperience Remember, continuous improvement is key to staying relevant in the highly competitive hostel industry. Embrace these tips and watch your hostel flourish as a top-notch destination for travelers worldwide! 🌍✈️

Modern travelers have diverse needs and preferences. Serviced apartments meet them by offering flexibility, comfort, and convenience while bridging the gap between hotels and apartments. Below are the benefits of a serviced apartment: https://lnkd.in/dDdbRMUk

100 Luxury hotel trends??!! that's too much to track, Mr. Hollander, although it's an honor to have my design mentioned (#84, the LEGOLAND hotel). I agree with many of these trends pointing to how technology is changing hotels, perhaps for the better. #30, underwater hotels? Call George Berean, he and I did a couple of these back in the day. #74 will be the favorite of several artists I know :) and #94 hyper local design: basically the strongest tie to local stories will always make a hotel stand out. https://lnkd.in/ei4suAmh

Not all clichés are bad. Some, just need to be explained. Like the saying ‘Less is more’ for example. At Roomspace, we actually buy into that model with every booking… Less Hassle, More Home: With fully serviced kitchens, modern appliances, and all bills included, spend less time thinking, and more time living in your new home away from home. Less Checking In, More Checking It Out: With secure self-check in access to our apartments, avoid long hotel check ins and outs, set your luggage down and get to exploring this special city! Less Separate, More Sharing: With apartment types ranging from studios to three bedrooms, spend more time together in one place to call home, and less time playing knock-down-ginger (No matter how fun…). Less Hotel, More Apartment: Roomspace properties in Lisbon are 50% larger than comparative apartments and hotels in the area, offering much more, for much less. As featured in February 2024’s edition of ‘Portugal News’; join business travellers, expats, families, and couples in our collection serviced apartments, and click the article links for an exclusive new look at Roomspace in Lisbon! Read the full article here: https://hubs.li/Q02jRzxt0