Richmond Football Club’s Post

The Ascott Limited is '𝗜𝗻 𝗶𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗟𝗼𝗻𝗴 𝗛𝗮𝘂𝗹', highlights Isobel Lee in her latest story for PropertyEU.    With almost 1,000 properties spanning serviced residences, coliving properties, hotels and resorts globally, Ascott continues to build on its established business of long stays, while pursuing growth in the short stays sector. Ascott's flex-hybrid hotel-in-residence model ensures that while its properties can meet the needs of transient guests who are seeking accommodation for short stays, they can also pivot in line with demand to cater to guests who seek more space for extended stays in a serviced apartment - which has become a mainstream accommodation choice today.   𝘼𝙨𝙨𝙚𝙩-𝙡𝙞𝙜𝙝𝙩 𝙀𝙭𝙥𝙖𝙣𝙨𝙞𝙤𝙣 - Building upon a portfolio of global brands to drive higher quality growth with a focus on management and franchise contracts, Ascott is on track to achieve its target of more than S$500 million in fee earnings by 2028. 𝘾𝙤𝙣𝙫𝙚𝙧𝙨𝙞𝙤𝙣𝙨 - A growing focus for Ascott, this includes the conversion of both hospitality assets as well as adaptive re-use of buildings currently operating under alternative asset classes. With an established conversion framework in place, Ascott is well placed to drive a quick project turnaround time of as short as 30 days. 𝙂𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝙀𝙪𝙧𝙤𝙥𝙚 - Europe plays a key role in Ascott's expansion plans, thanks to its reputation as a global tourism and business hub. Within Europe, Ascott is home to over 60 properties, with 17 in the capital of France, Paris. Alongside the debut in new destinations as well as AEI of existing properties and rebranding projects, Ascott is set on growing demand from Europe travellers, with a target to place the region as a top-three source market for the company. Given the diverse and dynamic nature of the region’s hospitality sector, Chief Executive Officer Kevin Goh, strongly believes that there is "plenty of scope for Ascott to drive more successful partnerships with owners."   In a rapidly evolving market, Ascott is committed to business for the long term, while also meeting the needs of guests seeking accommodation for the long-haul. Creating sustained value for both our owners and guests, Chief Growth Officer Serena Lim aptly sums up "We can ride recovery, but also the rough times."   Read more in the below article.   #TheAscottLimited #Hospitality #Growth

So many good hospitality concepts including hotels and resorts, died just because they were built in the wrong location. Some also fail because the intention behind these protects was purely to make money for the cronies and themselves. This is when you see "con"sultants who have no experience at all in the hospitality business are suddenly "experts" in the field during preopening and initial stages of operations. There will be as usual a few competent hospitality managers involved in such projects to ensure completion but their voices and opinions will usually fall into deaf ears. This movie animations project (Maps) in Ipoh was over ambitious, by being in Ipoh. Nothing wrong with Ipoh by the way but the reality is that, it is quite hard to survive if you just rely on weekends and school holidays to sustain the business plus when you add in the pandemic factor, it had no fighting chance. On top of that we have a tendency to place too much emphasis on concepts but little on business practicality. Where was the business going to come from on a normal weekday? And in this location in Ipoh? Don't forget that weekday business is 70% of your total revenues. In a golf course business for example, you can see a huge difference between weekdays and weekends bookings, for obvious reasons but luckily, many retirees are members of golf clubs and support the business on weekdays. Location also matters. If the concept and design is as unique as this, it will probably do better in a bigger city. I think this would have done quite ok in a mall like One Utama or even the Curve.

🎉 Major Move in UK Hospitality! 🎉 Exciting news in the hotel industry as Blackstone completes a monumental acquisition! Village Hotels, a renowned UK hotel chain with 33 prime properties, is now part of Blackstone's impressive real estate portfolio. This £800m deal marks a strategic expansion in the UK leisure sector for Blackstone, following their past successful investments. Village Hotels stands out with its multifaceted offerings. From hotel stays to fitness clubs and co-working spaces, they cater to a wide range of patrons, including domestic business travellers and tourists, as well as locals. The acquisition promises growth and enhanced services. With a commitment to delivering exceptional experiences, Blackstone is set to support Village Hotels' next growth phase. Imagine more destinations for business and fitness in your local city! It's more than just rooms - it's about community. Village Hotels notably draws over 4,000 local members to its wellness clubs, a testament to its unique value proposition in the hospitality market. We're witnessing a true fusion of staying fit, productive, and refreshed while travelling. Keep an eye on how Blackstone amplifies this winning formula across the UK hotel landscape. Your thoughts? How do you see this shaking up the travel and leisure scene? #Hospitality #Acquisition #RealEstateDevelopment

Holistic Wellness Tourism and Hospitality Brand Transformation is the Way Forward...👍👍👍

𝐀 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐔𝐊 𝐥𝐞𝐢𝐬𝐮𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 ➡️ http://savi.li/6048lVmLw Recent transactions suggest a brighter year ahead for the leisure investment market following concerns over occupier credit post-pandemic and the trade performance of UK cinemas have resulted in a lack of interest in multi-let leisure schemes. Savills UK Leisure spotlight outlines as broader subsector performance continues to improve occupationally, the depth of investor interest is set to build, particularly amongst those that recognise the longer-term potential evidenced by the yield trajectory of the last 15 years. Samuel Arrowsmith, Director in commercial research, comments: "With the strength of the occupational market continuing to build, 2024 and beyond looks brighter in terms of the depth of investor appetite for leisure schemes" Read the full report for more or contact our experts: James Hurst #Leisure #Investment #RealEstate

leisure

Leisure

🎉 Major Move in UK Hospitality! 🎉 Exciting news in the hotel industry as Blackstone completes a monumental acquisition! Village Hotels, a renowned UK hotel chain with 33 prime properties, is now part of Blackstone's impressive real estate portfolio. This £800m deal marks a strategic expansion in the UK leisure sector for Blackstone, following their past successful investments. Village Hotels stands out with its multifaceted offerings. From hotel stays to fitness clubs and co-working spaces, they cater to a wide range of patrons, including domestic business travellers and tourists, as well as locals. The acquisition promises growth and enhanced services. With a commitment to delivering exceptional experiences, Blackstone is set to support Village Hotels' next growth phase. Imagine more destinations for business and fitness in your local city! It's more than just rooms - it's about community. Village Hotels notably draws over 4,000 local members to its wellness clubs, a testament to its unique value proposition in the hospitality market. We're witnessing a true fusion of staying fit, productive, and refreshed while travelling. Keep an eye on how Blackstone amplifies this winning formula across the UK hotel landscape. Your thoughts? How do you see this shaking up the travel and leisure scene? #Hospitality #Acquisition #RealEstateDevelopment

Harvey Norman Commercial Division NZ leverages both Nevaya’s NevayaCast and NevayaTV offerings to craft tailored guest experiences for their hotel clients, aiding them in achieving their desired ambience. This New Zealand-based team serves as the preferred partner for the hospitality, accommodation, and leisure sector, catering to a diverse range of establishments, from small motels to large hotel chains, across New Zealand and the Pacific region. James Leggott, representing Harvey Norman Commercial, emphasised how the secure and stable platform provided by Nevaya contributes to their growth strategy by providing a comprehensive cloud-based solution. This not only reduces hardware costs but also enables swift implementation. Moreover, Nevaya's flexibility allows for full customization to align with brand guidelines, making it particularly appealing to hotel groups. “The distinct advantages of Nevaya over alternative solutions are in its effective communication, collaboration, transparency, and cloud-based capabilities. Unlike other options that demand substantial upfront investment in equipment and lack remote servicing capabilities, Nevaya offers a seamless deployment process and scalability, ticking all the essential boxes for Harvey Norman Commercial's requirements and their clients. Harvey Norman Commercial is Nevaya's preferred and primary partner in New Zealand and the Pacific.” #partnernetwork #visionconnectedwithclarity #inroomexperience  #guestexperience #hospitality #technology #streaming