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    A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component. By Agnes DeFranco, Ed.

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NH Hotel Group announces Board changes

NH Hotel Group ·11 April 2019
The Board of Directors of NH Hotel Group, in response to a proposal from the Appointments, Remuneration and Corporate Governance Committee, has approved two new appointments to the governing body. Beatriz Puente, NH executive managing director of Finance & Administration, and Kosin Chantikul, senior vicepresident of Investment & Acquisitions at Minor Hotels, were both co-opted as new members. The Board also agreed to convene the Annual General Shareholders Meeting for 13 May 2019 on first call.The two new Board members will occupy seats left vacant by the resignation of Maria Grecna, Paul Johnson and Jose Maria Sagardoy, as a result of which the Board will consist of nine directors: four proprietary directors, three independents and two executives. Following the appointments, NH continues to meet the guidelines of the Code of Good Corporate Governance for listed companies, in particular the recommendation for a balanced composition that reflects an ample majority of non-executive directors and an appropriate proportion of proprietary and independent directors.NH chairman Alfredo Fernandez Agras thanked Maria Grecna, Paul Johnson and Jose Maria Sagardoy for their excellent work, independent professional contribution and commitment to best practices on the Board. The three directors have been decisive in the positive performance and excellent results achieved by the Company during what has been the most important year in its recent history, all to the benefit of our shareholders," he said.Fernandez Agras also highlighted the new directors' strong bond with, and knowledge of the Company. He noted that Kosin Chantikul, a member of Minor Hotels executive committee, was one of those most closely involved in the integration of NH in the Thai group. He said Beatriz Puente is one of the most respected professionals in the sector and that her incorporation to the Board underlines Minor's commitment to the NH management team.Jose Maria Sagardoy, till now chairman of the Appointments, Remuneration and Corporate Governance Committee, is replaced by Jose Maria Cantero, while Alfredo Fernandez Agras joins the committee as a member. Maria Grecna, member of the Audit and Control Committee, is replaced by Jose Maria Cantero, while Fernando Lacadena remains as chairman of this committee.Dividend paymentToday's Board meeting has also agreed to convene the Annual General Shareholders Meeting for 13 May 2019. Among other issues, in line with a previous commitment, a dividend distribution of 15 cents gross per share, payable June 14, will be submitted for approval. At the AGM the Board appointments announced today will also be submitted for approval, as well as the establishment of the number of Board members at the current level of nine.About NH Hotel GroupNH Hotel Group is a consolidated multinational player and a leading urban hotel operator in Europe and America, where it operates over 350 hotels. Since 2019, the Company works with Minor Hotels in the integration of their hotel brands under a single corporate umbrella with presence in over 50 countries worldwide. Together, both Groups have a portfolio of over 500 hotels articulated around eight brands: NH Hotels, NH Collection, nhow, Tivoli, Anantara, Avani, Elewana and Oaks - that comprise a broad and diverse range of hotel propositions connected to the needs and desires of today's global travelers.

NH concludes the best year in its history and prepares to create value alongside Minor Hotels from 2019

NH Hotel Group · 5 February 2019
-GUIDANCE EXCEEDED IN 2018-The Company expects to top its guidance for EBITDA(1) of EUR260 million in 2018, a year marked by higher exposure to the upper-upscale segment, improvements in the guest experience, greater operating and sales efficiency, an optimal asset rotation strategy and the deleveraging effort-MINOR HOTELS & NH HOTEL GROUP-Minor Hotels and NH Hotel Group are integrating their brands under a single corporate umbrella with presence in over 50 countries worldwideBoth groups are already sharing their know-how and experience in the sector with a view of materializing opportunities in the short term, taking advantage of the complementary nature of their hotel portfolios, the scope for economies of scale with a broader customer base and exploring the development of all of their brands in different marketsA first step in this direction is the upcoming transfer to NH Hotel Group of the operations of a portfolio of 15 Minor Hotels in Portugal and Brazil-POSITIVE OUTLOOK FOR NH IN 2019-The Company is in a position to reiterate its guidance for EUR285 million of EBITDA(1) in 2019Against the backdrop of the international tourism trade fair hosted in Spain - FITUR -, the Chief Executive Officer of NH Hotel Group, Ramon Aragones, has taken stock of the events of the past year and the initiatives that have put the Group in a position to present its best results ever. In addition to emphasising the harmony between the NH Hotel Group and Minor Hotels teams and the joint opportunities they are exploring together on an expedited basis, NH's CEO anticipated strong results in 2019.-GUIDANCE EXCEEDED IN 2018-The Company has announced that it expects to surpass its guidance for EBITDA(1) of EUR260 million in 2018. Ahead of the results presentation scheduled for February, Ramon Aragones said that the Company had performed even better than expected during the second half of the year. That performance was underpinned by strong showings in the main European cities, with the recovery in Barcelona standing out.NH Hotel Group's CEO also highlighted the drivers that are helping the Company to deliver all of the profit guidance committed to: efficient operational management and a successful deleveraging strategy that has brought on results above the initial objective are enabling it to make the most of the improved business momentum.Ramon Aragones pointed out some of the initiatives undertaken during the year, such as the reinforced brand positioning of NH Collection, which currently accounts for 22% of all Group rooms, and the enhanced guest experience. On this last point he noted the launch of FASTPASS, a combination of three innovative services - Check-in Online, Choose Your Room and Check-out Online - that give guests total control over their stays. In fact, NH Hotel Group is the first European chain to offer these three services simultaneously.In addition to efficient revenue management, underpinned by improved quality, Aragones highlighted the optimal asset rotation strategy executed last year, specifically underlining the sale-and-leaseback agreement of the building that houses the NH Collection Barbizon Palace in Amsterdam and the more than 2,300 rooms opened or added to the pipeline during the year. In terms of openings, he flagged the NH Collection Gran Via in Madrid and the two new hotels inaugurated in Marseille under the NH Collection and nhow brands. He also recalled that the pipeline currently encompasses 26 hotels with almost 5,000 new rooms. Within this pipeline, he explained the Group's strategic commitment to the nhow brand, with seven iconic hotels under development in the cities of London, Amsterdam, Brussels, Frankfurt, Rome, Lima and Santiago de Chile, which are scheduled to open their rooms in the coming years.Elsewhere, Ramon Aragones underlined the fact that the Company had ended 2018 in strong financial health thanks to its deleveraging effort, a priority during the last two years. That effort means that having started with gross borrowings of nearly EUR900 million at the end of 2016, the Company has achieved its target of having a net debt-to-EBITDA ratio of under 1x by the end of 2018.-MINOR HOTELS & NH HOTEL GROUP-After acquiring 94.1% of NH Hotel Group during the last quarter of 2018, Minor International and the Spanish hotel chain have begun to explore ways to unlock value together in the years to come. The first initiative, announced during the trade fair FITUR, has been the presentation of the upcoming integration of the hotel brands of both companies under a single corporate umbrella with presence in over 50 countries worldwide. And so, a portfolio of over 500 hotels has been articulated around eight brands - NH Hotels, NH Collection, nhow, Tivoli, Anantara, Avani, Elewana and Oaks - comprising a broad and diverse range of hotel propositions connected to the needs and desires of today's global travellers.Ramon Aragones singled out Minor International's confidence in NH Hotel Group's entire management team and the enthusiasm shared by both teams over the opportunity to create a leading, global hotel platform with a presence on six continents. "The complementary nature of the two hotel portfolios and the benchmark positioning of their various brands will allow us to grow and compete on a firmer footing and to create added value for our customer bases all around the world", added NH's CEO.Both groups' teams are already working together on several lines of initiative. Taking advantage of their joint broad universe of brands, they are analysing hotel by hotel the potential rebranding to premium brands of some of the assets in Europe, where there is room for boosting higher margins under new trademarks. In tandem, the two companies are working on projects for unlocking economies of scale in the sales and supplier platforms.Thanks to Minor Hotels' leadership position in its home markets, NH Hotel Group is already benefitting from certain cross-selling opportunities via access to the former's Asian customer base; the growth potential is significant as Asian guests currently represent 1% of NH's guest base. In parallel, they are both working on structuring the use and operation of the two groups' brands in markets other than their natural ones, an initiative expected to speed up their expansion worldwide.One of the most advanced joint projects relates to the transfer to NH Hotel Group of the operations of a portfolio of 15 Minor Hotels in Portugal and Brazil, which is expected to materialise in the near term. As a result, NH Hotel Group will be operating 17 hotels in Portugal (13 Minor Hotels establishments, three NH Hotel Group establishments already open and another in the pipeline), establishing a leading position in this market with a presence in Lisbon, Porto, Coimbra, Sintra, Evora and the Algarve. And in Brazil the two companies will join forces with three hotels located in Bahia, Sao Paolo and Curitiba.-POSITIVE OUTLOOK FOR NH IN 2019-The better than forecast performance and the initiatives executed in 2018, along with others currently being rolled out in 2019, notably the investment in repositioning certain key assets in cities such as New York, Amsterdam, Rome and Munich, enable NH Hotel Group to reiterate its guidance for EBITDA(1) of EUR285 million in 2019.Indeed, the Group's strong financial position has enabled it to identify additional opportunities for repositioning assets at attractive returns that are expected to materialise in 2019 and 2020 in leading European cities, including Rome, Amsterdam, Milan, Brussels and Luxemburg.(1) Recurring EBITDA before the reversal of provisions for onerous contracts and gains from asset sales

NH Hotel Group Launches Fastpass To Offer Guests Complete Control Over Their Stay

NH Hotel Group ·31 October 2018
FASTPASS will be available in 29 of the 30 markets where the NH Hotel Group is present30 October 2018Category: Products and servicesNH Hotel Group is the first urban hotel chain in Europe to offer Online check-in, Choose your room and Online check-out services thanks to FASTPASSFASTPASS will be available through any device completely free of charge for all guestsThe implementation process is going ahead in two phases and by 2019 it will be available in 330 of the Group's hotelsNH Hotel Group is launching FASTPASS, combining three innovative services -Online Check-in, Choose Your Room and Online Check-out- that put give complete control over their stay in customers hands. With this programme, the Company leads the way once again in the use of technological innovation in the hotel sector, as the first European urban hotel chain to offer all three services at once.Under the claim Get the power of your stay, the Group goes a step further in its commitment to offer an excellent service to its customers who, with FASTPASS, will now be able to customize their experience in NH hotels, saving as much time as possible. Not only members of the NH Rewards loyalty programme will benefit from these services, but all NH customers in the vast majority of the Company's hotels in Europe and the Americas, where more than 42,000 rooms have been digitalized.How does FASTPASS work?48 hours before arriving at the hotel, the guest will receive an e-mail to access Online Check-in where the guest can provide all his or her details up to 12 noon on the arrival date, so that on arriving at the hotel all he or she has to do is pick up the room key. During the Online Check-in process, the guest will benefit from the Choose your room service which lets guests consult all the available rooms and choose the one best suited to their tastes and needs according to their own criteria (facing, views, bathroom, type of bed, etc.). From 6.00 pm on the day before departure, guests can pay for any expense incurred and complete Online Check-out and leave the hotel without having to go to reception.According to the Company's estimates, after the first year of implementation of FASTPASS, more than 12,000 people will have left the hotel without having to check out at reception, saving 42,000 minutes which they can take advantage of to do much more enjoyable things than stand in a queue at the reception desk. Furthermore, the digitalization of check-in and check-out represents a great benefit for the environment in the reduction of paper, estimated at more than 24,000 sheets per year, which is the equivalent of 460Kg of CO2e.As far as customer preferences are concerned, which will no doubt establish the trend in the Choose your room service, guests usually pick rooms on the higher floors, located on the corners and far from the lifts. Now, in addition to these general preferences, they will have many more factors to consider in choosing their room, such as views, the type of bed, the direction the room is facing or the bathroom.FASTPASS will also be available through the de NH Hotel Group app. For customers in the NH Rewards loyalty programme, it will be even easier to use FASTPASS services as their data will be stored and will not have to be re-entered."We are aware the customers are becoming increasingly independent thanks to technology and so we wanted to go further by combining these three innovative services to facilitate as much as possible and constantly improve their NH experience. We want guests go in and out of our hotels as if they were at home and is able to choose the room according to their preferences" notes Isidoro Martinez de la Escalera, Chief Marketing Officer at NH Hotel Group. Martinez de la Escalera. For his part, Rufino Perez, Chief Operations Officer & Global Transformation Leader added that "being the first urban hotel chain in Europe to offer the three services at the same time to all its customers places us at the leading edge of next-generation hotel technology".NH Hotel Group has thus reached another milestone in its quest for constant technological innovation that characterizes the Company. Other milestones such as being the first hotel chain to offer 3D holographic technology, permanently, or services such as the Instant Booking Tool - the first tool that permits immediately online booking of and payment for meeting areas and rooms for meetings and events - have consolidated its commitment to new technologies as a great differentiating element.All the information on FASTPASS is available at - https://www.nh-hotels.com/fastpass

Pandox Places Its Trust In Nh Hotel Group To Operate Two Emblematic Hotels In Brussels

NH Hotel Group ·13 December 2017
NH Hotel Group has entered into an agreement with Pandox, a leading northern European hotel property company, for a variable lease, under long-term arrangements, of the BLOOM! and Berlaymont hotels in Brussels, situated strategically in the city centre and close to the European Commission Headquarters respectivelyThe two hotels, which between them have 519 rooms in addition to a broad offering in the meetings and events segment, will begin to be operated by NH Hotel Group in February 2018; they offer significant upside via agreed investments in repositioning and integration within the Group's sales and revenue management platforms, coupled with upbeat forecasts for the Brussels marketThese additions, together with the hotels signed up recently, evidence increasing demand from hotel investors keen to analyse opportunities for joint growth to benefit from NH Hotel Group's model and flexibility Including these two new incorporations, NH Hotel Group currently has 32 projects in the pipeline which will add around 5,000 rooms in Europe and Latin America between 2018 and 2021Eight out of ten rooms recently signed up will be operated under the firm's premium brands - NH Collection and nhow - in keeping with the Group's strategy of stepping up its exposure to the upper-upscale segment in the coming years Madrid -- NH Hotel Group, a consolidated multinational operator and reference in the European urban hotel segment, and Pandox, a leading northern European property company with a broad portfolio of establishments in leisure and business travel destinations, have entered into an agreement for the lease of the BLOOM! and Berlaymont hotels in Brussels. Under the agreement, NH Hotel Group will begin to operate both establishments from 1 February 2018 under 20-year leases, in which the rent will be variable and with a basket of losses to limit downside in a potential change of the cycle.The BLOOM! Hotel, which features an extraordinary design, offers a combination of 305 rooms and extensive capacity - 2,000m2 - for hosting events and meetings at a central location in downtown Brussels. The Berlaymont Hotel, meanwhile, with its 214 bedrooms and seven meeting rooms, is strategically located next to the European Commission and close to the European Parliament and train and metro stations that service all of Brussels.Against the backdrop of the transaction, the parties have agreed a series of investments in order to rebrand the hotels and bring them up to the brand standards of NH Hotel Group.By repositioning the two hotels and integrating them into NH Hotel Group's powerful sales and revenue management platforms, coupled with their privileged locations and bright prospects for the destination, there is substantial scope for enhancing the profitability of both establishments."NH Hotel Group has been analysing numerous opportunities for organic growth in recent months, as a result of the confidence generated by its business plan and the appetite among hotel investors for the Group's flexible business model, most especially in the premium segment" underlined Ramon Aragones, CEO of NH Hotel Group, who went on to add, "our well-diversified presence by both geography and segment, extraordinary operating capabilities, efficient salesforce and excellent profit margins are highly valued by benchmark sector players of the calibre of Pandox, a firm which shares our vision and capacity for growth".Thanks to these two new incorporations, NH Hotel Group currently has 32 projects in the pipeline which will add around 5,000 rooms in Europe and Latin America between 2018 and 2021.During the last months, the Company has signed up new hotels which will be operated under long-term leases with variable rents or management regime in Germany, Italy, Spain, Belgium, Peru, Mexico and Cuba. In this respect, it is worth highlighting NH Hotel Group's strategy of further increasing its exposure to the premium segment, which is translating into growth in the portfolio of establishments operated under the nhow and NH Collection brands. Indeed, eight out of ten rooms recently signed up belong to one or other of these two brands. The premium segment pipeline includes recently signed projects that will see the nhow brand enter in Peru (Lima) or a new nhow hotel in Germany (Frankfurt). NH Collection brand is being reinforcing its presence in Spain (Valencia) and Germany (Frankfurt), and will introduce the NH Collection brand in Cuba, via a new hotel in Havana, among others.These and other projects join a broad portfolio of projects under development, including establishments as emblematic as the nhow hotels planned for Amsterdam and London, both of which are located in iconic buildings designed by prestigious architects Rem Koolhaas and Norman Foster respectively, the future nhow Marseille in France, a new nhow hotel in Santiago de Chile, as well as landmark NH Collection establishments such as that being built on Madrid's Gran Via, the first NH Collection hotel in Chile and the NH Collection Murano in Italy, among many others.The Company continues to take advantage of its current strengths to expand its geographic presence - subject to rigorous profitability criteria - in both consolidated destinations and new high-potential markets, hand in hand with first-class partners and framed by sustainable long-term agreements.About PandoxPandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations. Pandox's hotel property portfolio currently comprises 122 hotels with approximately 27,000 hotel rooms in eleven countries. Pandox's business is organised into Property management, which comprises hotel properties leased on a long-term basis to market leading regional hotel operators and leading international hotel operators, and Operator activities, which comprises hotel operations executed by Pandox in its owner-occupied hotel properties. Pandox was founded in 1995 and the company's B shares are listed on Nasdaq Stockholm. www.pandox.se

NH Digital Transformation Day 2017, face time with the Executive Committee

NH Hotel Group ·19 July 2017
The Group is offering a unique opportunity launching a global call to digitalisation or technology-based companies with solutions ready to be implemented into the hospitality industryThe aim of the initiative is to identify solutions that contribute to improving the guest experience, driving revenue growth or enhancing the Group's productivityThe companies selected will be given the chance to exclusively present their products or services to the chief decision-makers at one of the world's largest hospitality groupsThe initiative is part of the Group's strategy for accelerating its digital evolution, having profoundly transformed its systems and infrastructure in recent yearsNH Hotel Group has launched NH Digital Transformation Day, an original initiative under which any company with a digital or technology proposals with solutions applicable to the hospitality industry will be offered the chance to showcase, without filters, their product or service credentials before the multinational's highest executive management.To this end, the Company has issued a global call to which enterprises whose solutions are ready for implementation and applicable to the hotel sector can respond. The Company is particularly interested in the following areas of application: improving the guest experience, driving revenue growth or boosting the Group's productivity.Of all the proposals received, a maximum of 25 companies will be selected and given the chance to make their pitches in 15 minutes to the Company's highest decision-making body. NH's Executive Committee is made up of senior executives with expertise in a range of areas such as resource management, hotel operations, finance, revenue management, sales and marketing, among others.From today, and until 4 August, any technology or digital company, regardless of its size, whether it is a start-up or a major multinational, can send NH Hotel Group its proposal, describing its solution and the associated benefits and costs.The initiative is part of the NH Hotel Group's strategy for accelerating its transformation, a process that is giving the Company a unique and cross-cutting vision of the business, generating process efficiencies along its entire value chain, making the most of the economies of scale to be unlocked at a company of its size and improving the guest experience. "We have overhauled our systems and currently boast a 100% integrated digital platform that is enabling us to adopt and adapt any technological development of importance to our business far more efficiently and speedily than before" said Rufino Perez, Chief Operating Officer & Executive Managing Director of Resources NH Hotel Group.The challenge which is currently facing NH Hotel Group is to be able to make smart and nimble choices when selecting and implementing the solutions that will enable it to reinforce its sector leadership. The vertiginous speed at which digital formats and technological innovation are advancing has prompted the Company to create NH Digital Transformation Day, an event at which its top executives and finest technology experts will have the chance to assess the most innovative solutions of interest to the Company directly with their creators, without intermediaries.By launching this debut edition of this initiative, the Group hopes to deliver two goals: on the one hand, to learn about new products and services of interest to the Company; on the other, to send the message to the international technology community that once again NH Hotel Group is open to innovative projects and solutions with the potential to positively impact the business and its guest relations.From 15 July until 4 August, interested companies can send in their proposals, in English or in Spanish, to the following dedicated e-mail address: digitaltransformationday@nh-hotels.com(link sends e-mail)TERMS AND CONDITIONSTo be eligible to have the opportunity to present your product or service:Prepare a one page description* of your product or service, explaining in detail the benefits and costsSend the document written in English or Spanish before August 4th 2017 to: digitaltransformationday@nh-hotels.com(link sends e-mail)No matter your company's size if you a have a promising and developed project. Keep in mind that this initiative is not an incubator for projects or ideas. The technological / digital solution must be already developed, applicable to the hospitality industry and ready to implementProducts / services not implemented in hotel competitors will be positively valued25 companies will be selected and will be able to make their presentation face to face for 15 minutes to the Executive Committee of NH Hotel Group in October 2017* The application will be limited to a single page document written in English or Spanish with Times New Roman Font (minimum size 11 points and single spacing) with an extension of no more than 4,000 characters (with spaces). Links to vides or photos of the solutions will be accepted as complementary documentation, although such links must be included on the application page, not as the object of the application. The page must describe the solution, its benefits for the company and implementation costs. Applications that do not meet these conditions will not be attended. Participation in this process is not a contract in any case, nor a commitment to purchase by NH Hotel Group.

NH Hotel Group to Assume Management of the Palm Beach Hotel in Marseille Under its nhow Brand

NH Hotel Group · 6 April 2017
NH Hotel Group announced that starting May 1, 2017 the Company will begin managing the Palm Beach Hotel in Marseille under its nhow brand; set to open in the second quarter of 2018. The property, which was formerly operated by SHPB (Societe Hoteliere du Palm Beach), will be closed as of October 2017 to begin a complete refurbishment project.With 150 rooms and 15 meeting rooms, the largest of which can accommodate up to 300 people, the future nhow will exceed guests' expectations for both business and leisure. The property is located on the Prado Beaches, one of the most beautiful bays of the Mediterranean, and close to the Vieux Port, the MUCEM, the Corniche and the Parc Chanot. It sits facing Calanques National Park, with an outstanding view of the sea and the Chateau d'If. The destination, paired with the hotel's quality infrastructure, unique swimming pool, large terrace, bar, and Mediterranean restaurant, makes the Palm Beach Hotel Marseille a destination in itself.Under the nhow brand, the Palm Beach Hotel Marseille will deploy the standards of the most chameleonic NH Hotel Group brand, nhow. Taking its inspiration from the most avant-garde cities in the world, nhow hotels are designed by the most creative minds of the moment: nhow is both a hotel and an explosion of inventiveness occupying one single space.nhow hotels are iconic, inspiring, and surprising from the hotel entrance to the rooms, lobby, restaurants, corridors, meeting rooms, and creative spaces; the experience is different for every guest while maintaining a shared "wow" factor.The nhow brand is already present in Milan (Italy), Berlin (Germany) and Rotterdam (The Netherlands), and is expected to reach four additional destinations by 2019, including Marseille (France).

NH Hotel Group Signs with Gross & Partner to Develop New NH Collection Hotel in Frankfurt, Germany

NH Hotel Group ·17 March 2017
MADRID -- NH Hotel Group has signed a new four-star NH Collection hotel in Frankfurt; opening its second establishment of the company's upscale brand in the city and the seventh in Germany.NH Collection Frankfurt Messe will be part of the 120-meter high skyscraper, located on the corner of Mainzer Landstrasse and Guterplatz and planned by Frankfurt-based project developer Gross & Partner. The hotel is set to open in early 2021 and will offer 416 rooms and just under 22,000 square feet of space reserved for meetings and events.The new flagship of NH Collection in Frankfurt will benefit from being located in a prime area of the city, in the heart of a booming business district and near the trade fair site. With more than 2.5 million visitors each year and some 6.5 million square feet of exhibition space, the Frankfurt trade fair is the second largest exhibition venue in the world. The hotel is within walking distance to important shopping centers such as the Skyline Plaza Frankfurt and Shopping Center MyZeil, a central train station, and is only two underground stops away from Frankfurt's opera and old city.In addition to opening the hotel under NH Hotel Group's upscale brand, the distinctive high-rise building will house office spaces in the upper levels. Plans for the building concept include a restaurant, bar, and fitness area, along with parking facilities. This new NH Collection in Frankfurt consolidates the great international growth of the upscale brand for NH Hotel Group, which currently operates 67 NH Collections in key cities across 13 countries in Europe and Latin America. The brand has 10 additional NH Collections set to launch before 2021.NH Hotel Group's business plan, implemented three years ago, was created to reposition the brand's hotels and has since allowed NH to sign 56 new hotels. The group's innovative, long-term leasing model and transparency with new developments has gained a great deal of support from the market. It has also received positive feedback from leading hospitality ratings agencies.

Taking back control

NH Hotel Group ·By Fernando Vives and Ana Morillo
Does the hotel industry have a firm grip on the issue of cancellations? As NH Hotel Group's Fernando Vives and Ana Morillo explain, if a customer makes multiple advance bookings and only takes a last-minute decision which hotel to actually stay at based purely on price, then factors such as our brand power, customer loyalty, and the guest experience are being left out of the decision making process. Ultimate result: the reinforcement of the commoditization of the hotel business. They argue that we need to take steps as an industry to tackle the issue.

NH Hotel Group opens two new five star hotels in Madrid and Barcelona

NH Hotel Group ·21 November 2016
The Company's upper-upscale brand, NH Collection, continues to expand its international presence in major citiesThe former Casa Suecia in Madrid is reborn as NH Collection Suecia and the Rambla de Catalunya welcomes NH Collection Gran Hotel CalderonWith these two additions, NH Hotel Group demonstrates its commitment to continue investing in and developing distinctive, high quality tourist accommodation in major cities around the worldLocated in unique and landmark buildings in city centres, NH Collection hotels aim to exceed consumers' expectations with extraordinary staysThe Company currently operates 67 properties under this brand in 13 countries across Europe and Latin America and another 8 establishments, currently in progress, will be added between 2016 and 2018NH Hotel Group's most exclusive brand, NH Collection, continues to expand its presence in major cities around the world with the opening of two unique five-star hotels in the two most important cities in Spain: NH Collection Gran Hotel Calderon, in Barcelona, and NH Collection Suecia, in Madrid.With the addition of these new properties, NH Hotel Group consolidates the presence of its upper-upscale brand in Spain, where it has 22 of the 67 NH Collection hotels that the Company operates throughout the world. Another 8 properties will be added globally between 2016 and 2018, across Mexico, Chile, France, Italy, Holland, Belgium and Spain.As is usual for the brand, both hotels are located in landmark buildings in the city centre, and combine careful attention to detail, exceptional services, unique spaces, the latest technologies and an excellent gastronomic offering. These two launches are another demonstration of the Group continuing to invest in and develop distinctive, high quality accommodation in major cities around the world.The opening ceremonies were led by public representatives of both cities: the mayor of Madrid, Manuela Carmena, opened NH Collection Suecia, and the Counselor of Business and Knowledge of the Generalitat of Catalonia, Jordi Baiget, did so for NH Collection Gran Hotel Calderon.NH Collection Gran Hotel CalderonLocated on the Rambla de Catalunya, the central and vibrant promenade that crosses the heart of Barcelona, NH Collection Gran Hotel Calderon has been transformed into one of the city's most iconic five star hotels, becoming the flagship for the brand and the Company in Catalonia.After thorough refurbishment, the hotel's interior design pays tribute to avant-garde Barcelona without forfeiting innovation and new technologies, epitomised by a 56 m2 LED video wall in the lobby, which is unique in the city. To its 255 rooms (163 Superior, 63 Premium, and 14 Junior Suites) the hotel has added 10 rooms for events and meetings, with a total of 700 m2 and capacity for 350 people, together with a spectacular terrace with pool and solarium, and magnificent views over the city, which make it perfect for outdoor events.The gastronomic offering brings together chef Andrea Tumbarello (4 Repsol Suns) and the Don Giovanni Restaurant, which offers the best of Italian cuisine along with creations based on seasonal produce that combine exotic ingredients and classic dishes.NH Collection SueciaThe historic Hotel Suecia, that played host to figures like Ernesto Che Guevara and Ernest Hemingway, who lived there for long periods, has been reborn, after complete renovation, as a five star NH Collection hotel, the third for the brand in Madrid. With 123 rooms (76 Superior, 33 Premium and 11 Junior Suites), the Company has chosen Scandinavian inspired stylish and cosy decor for this hotel, from interior designers Lazaro Rosa-Violan and Mercedes Isasa. Together they have achieved a pleasant feeling of warmth in all its spaces by using fine woods for walls, floors and furnishings, and by playing with natural and artificial light.The location of NH Collection Suecia is one step away from the main tourist attractions of Spain's capital, and particularly what is known as the "Art Walk", a route along which there are more than a dozen world-class museums and art galleries, including the Prado Museum, the Thyssen Bornemisza Museum and the Reina Sofia Museum of Contemporary Art.NH's commitment to high quality cuisine and culinary trends is expressed in the Casa Suecia restaurant, the new gastronomic offering that the Catalan Lluis Canadell has brought to Madrid. Traditional Mediterranean dishes with an international nod are perfect for matching with signature cocktails in the speakeasy accessed through the restaurant toilets, harking back to the days of Prohibition.Madrid and Barcelona from aboveBoth NH Collection Gran Hotel Calderon and NH Collection Suecia have magnificent terraces from which guests can enjoy the best views of Madrid and Barcelona. The five-star Madrid hotel boasts one of the most striking terraces in the capital with 150 square metres of floor space and an elevated private area of 40 metres. NH Collection Gran Hotel Calderon's terrace is also unique in Barcelona, offering a spectacular 360deg view of the city, with a pool and solarium.All rooms in both hotels are at the Company's usual standard, featuring NH's well-known Brilliant Basics, including mattresses designed exclusively for the chain, rainfall showers with rain effect, Nespresso coffee machines and tea machines, 46'' LED TVs, high speed Wi-Fi and easy accessibility, among other exclusive features that seek to ensure a memorable experience.NH Collection, the NH Hotel Group brand for the upper-upscale segmentThe NH Collection brand represents a new class of amazing hotels, with an elegant and subtle style. This is a category of hotels within the upper-upscale segment, located in unique and emblematic buildings, both historic and contemporary, in the best locations in the main capitals of the world.All NH Collection properties have been designed to give even the most demanding customers an extraordinary experience, based on the senses, which will go far beyond what they expect from their stay. These hotels have been carefully designed for guests who wish to get the most out of their stay, with excellent levels of comfort and the best facilities, as well as a wide and bespoke range of products and services..

NH Hotel Group officially presents its NH Collection brand in America

NH Hotel Group ·31 October 2016
* The official launch of NH Collection in America reaffirms the Group's commitment to the international expansion of its upper-upscale segment brand, which currently comprises 66 hotels in 13 countries in Europe and Latin America* Located in unique and emblematic buildings in leading cities, NH Collection establishments seek to surpass guest expectations with memorable stays* NH Hotel Group operates 19 NH Collection hotels in America - Argentina, Chile, Colombia, Ecuador and Mexico - and has four projects underway which will open their doors between 2016 and 2018* In Mexico, which currently has more hotels in the pipeline than any other Group market, there are six NH Collection hotels between Mexico City, Monterrey and Guadalajara, with a new property slated to come online in the city of Leon in November* After far-reaching refurbishment, the NH Collection Mexico City Reforma has become a benchmark destination for people visiting the city for business or leisure and has been chosen by the company as the place for officially presenting the new brand on the continentToday, in Mexico City, NH Hotel Group officially celebrated the launch of its premium brand, NH Collection, in America, coinciding with the inauguration of the NH Collection Mexico City Reforma.The ceremony organised to officially present the brand on the continent was attended by Enrique de la Madrid, Secretary of Tourism of the Mexican Federal Government, and Luis Fernandez-Cid de las Alas Pumarino, Spanish Ambassador in Mexico. The event was also attended by NH Hotel Group's Co-Chairmen Alfredo Fernandez Agras and Jose Antonio Castro Sousa, and the Company's executives Ramon Aragones, Global Managing Director, and Eduardo Bosch, Managing Director America.Framed by the Group's business plan, the arrival of NH Hotel Group's flagship brand in the upper-upscale segment marks a milestone in the company's development in this market and reiterates the Group's firm commitment to fostering expansion of its most exclusive brand worldwide. At present, NH Hotel Group operates nearly 400 hotels in 30 countries in Europe, America and Africa, 66 of which are operated under the NH Collection trademark.NH Collection aims at exceeding the expectations of those guests who are looking for 'that little bit extra' from their stays, whether for business or for leisure. The brand is targeted at travellers looking for excellent service and, above all, a unique and unforgettable experience in strategic city spots across the leading international destinations. NH Collection offers extraordinary experiences in unique and distinguished buildings, combining meticulous attention to detail, exceptional guest services, innovative products, the latest technology and excellent gastronomy so that each stay is memorable."We are truly proud to be here in Mexico today to present one of our most ambitious propositions. The arrival of our NH Collection brand in Latin America is proof of our strategic commitment to this region in which we plan to continue to grow, led by our unique guest proposition. We aspire to become your hotel of choice whenever you are planning a city trip or meeting, whether for business or leisure", said Ramon Aragones, Global Managing Director of NH Hotel Group.Feel the Extraordinary in AmericaNH Hotel Group operates 60 hotels in 11 countries in America, 19 of which under the Group's upper-upscale brand; the latter establishments are located in Argentina, Chile, Colombia, Ecuador and Mexico. The company plans to continue to add to its Latin American portfolio of NH Collection properties: there are new four hotels in the pipeline, which are expected to open their doors in Mexico and Chile between 2016 and 2018."The launch of our newest brand on the continent is designed to surprise travellers looking for personalised attention, exclusive service and premium-quality and comfortable facilities in international destinations. With this presentation, NH Hotel Group is reiterating its interest in spreading these memorable experiences throughout America", underscored Eduardo Bosch, NH Hotel Group's Managing Director America.Mexico, where the company currently operates 12 hotels with over 2,000 rooms, was the country selected by NH Hotel Group for the official launch of its NH Collection brand in the Americas. Today the company has six NH Collection hotels in the country between Mexico City (NH Collection Mexico City Airport T2, NH Collection Mexico City Santa Fe and NH Collection Mexico City Reforma); Monterrey (NH Collection Monterrey); and Guadalajara (NH Collection Guadalajara Providencia and NH Collection Guadalajara Centro Historico). Recently opened, the NH Collection Guadalajara Centro Historico stands out for its location in a beautiful old building in the historical centre of Guadalajara, close to the city's cathedral and main avenues. This hotel, the latest to be added to the Group's portfolio in Mexico, achieves the perfect mix of legacy architecture combined with the comfort and facilities of a modern hotel. It features spacious guest rooms with magnificent views onto the city, full-service event rooms, a restaurant serving Mexican and international cuisine and a well-appointed fitness centre.Mexico currently has more hotels in the pipeline than any other NH Hotel Group market. More specifically, the company has seven hotels with close to 1,000 rooms under development in destinations such as Mexico City, Puebla, Monterrey, Merida, San Luis de Potosi and Leon. In Leon, the company is due to inaugurate the new NH Collection Leon Poliforum this November."The tourism sector in Mexico is fast-growing but it is also highly competitive. The presence and strategic commitment of chains such as NH Hotel Group to Mexico and Latin America is definitely excellent news as it will allow our visitors to enjoy a premium-quality hotel offering across the country's top cities", remarked Enrique de la Madrid, Secretary of Tourism in the Federal Government during his presentation during the brand launch ceremony.NH Hotel Group took advantage of the inauguration of the NH Collection Mexico City Reforma, located in Mexico City, to host the event for officially presenting its NH Collection brand in the Americas. At this international gathering, guests were treated to a four-Michelin star gourmet experience created by Oscar Velasco and Paco Roncero's team, two NH Hotel Group chefs with two Michelin stars apiece.NH Collection Mexico City Reforma - an extraordinary hotel in the heart of Mexico CityLocated in the heart of the financial and tourist district in Mexico City, NH Collection Mexico City Reforma is a hotel not to be missed by people visiting the capital, whether for business or leisure.Recently refurbished, the hotel has 306 rooms in which its guests can enjoy the extraordinary of Brilliant Basics devised especially for the Group's flagship establishments. Exclusive NH Collection Sleep Better pillows, salon hair-dryers, 48-inch next-generation LED television, Nespresso coffee machines, safes equipped with plugs for charging electronic devices and free and user-friendly Wi-Fi are just some of the exclusive services and perks available in the hotel's rooms.Fine dining is another of the hotel's noteworthy attractions. Its Obvio restaurant fuses the best of Mexican cuisine with international flavours, combining up ingredients such as the black olive, Cotija cheese and the cuitlacoche wild mushroom. The hotel also has a unique circular bar - Bar 155 - where guests can sip on European cocktails mixed with notes that recall the roots and emotions of Mexican culture and fresh fruit and vegetable juices made on the spot to each customer's liking.The NH Collection Mexico City Reforma is rounded out with 10 fully-equipped meeting and event rooms, a heated outdoor pool, a terrace and a full-service fitness centre.

NH Hotel Group launches its NH Collection brand in Germany

NH Hotel Group ·13 May 2016
The launch of NH Collection brand in Germany is part of the company's strategic five-year business plan and confirms the growth momentum across all of its brandsNH Collection Berlin Friedrichstrasse, NH Collection Frankfurt City, NH Collection Hamburg City and NH Collection Dresden Altmarkt are the first four upper-upscale establishments in GermanyAt least one more NH Collection opening is scheduled for 2016: NH Collection Koln Mediapark will be officially inaugurated on June 1stAfter the successful opening of its first four German hotels in Berlin, Frankfurt, Hamburg and Dresden, NH Hotel Group now officially launches its upper-upscale brand NH Collection in Germany. In line with its strategic five-year business plan, the Company is strongly committed to its most exclusive brand, further strengthening segmentation of its portfolio under the new brand architecture, with the aim of increasing guest satisfaction.NH Collection, aims to exceed expectations of guests who are looking for 'that little bit extra' from their trips, whether for business or pleasure. Targeted at consumers who demand excellent service but, above all, a genuinely exclusive and memorable experience at strategic urban locations in core international destinations. NH Collection creates extraordinary experiences that blend thoughtful attention to detail, outstanding services, innovative products, state-of-the-art technology and genuine local gastronomy, which will culminate into an unmatched stay.The launch of NH Collection in Germany is an important milestone regarding NH Hotel Group's expansion plans. "This launch brings us one step closer to our vision which is that one day, whenever anyone contemplates a trip to a city for an overnight stay or meeting, for business or pleasure, they will always ask themselves if there is an NH hotel at their destination", stated Federico J. Gonzalez Tejera, Global CEO of NH Hotel Group. The company will operate 68 NH Collection hotels worldwide by the end of 2016.Stephan Demmerle, Managing Director of the Business Unit Central Europe at NH Hotel Group, explains the brand essence of NH Collection: "Guests staying at NH Collection hotels can look forward to a wide range of personalized products, such as high-quality furnishing including Nespresso coffee machines, rain showers and exceedingly comfortable beds, enlarged choice at breakfast and of course the service provided by our Guest Relation Managers, who cater to all individual needs and make every wish become reality. We aim to surprise our guests by exceeding their expectations of our hotels and standards".Technological highlights are an essential part of the NH Collection experience. NH Collection Berlin Friedrichstrasse and NH Collection Frankfurt City, for example, both showcase large-scale LED displays in their public areas, which use atmospheric video effects to create a unique ambience. In addition, innovative solutions like the 3D holographic projection technology are available for meetings and events not only at NH Collection but also at nhow hotels.A stay at NH Collection is rounded of by an extraordinary culinary experience. Guest get their palates delight with their culinary creations created by internationally renowned chefs like Paco Roncero, Oscar Velasco, Chris Naylor, David Munoz and Jacob Jan Boerma , who have 11 stars among them awarded by the Guide Michelin. Together with their teams, these chefs treat guests at NH Collection to memorable gastronomic pleasures of superior quality.All these details serve to explain why NH Collection Berlin Friedrichstrasse, NH Collection Frankfurt City and 19 more NH Collection establishments in Europe and Latin America are already part of the portfolio of Preferred Hotels & Resorts.At least one more NH Collection establishment is scheduled to open in Germany this year: On June 1st 2016, NH Collection Koln Mediapark will be inaugurated after having undergone major refurbishment. Just recently, Vienna also witnessed the opening of the first NH Collection hotel in Austria: in an ideally central location on Europe's longest shopping boulevard, Mariahilfer Strasse, guests at NH Collection Wien Zentrum enjoy a unique and truly memorable stay. Austria is, like Germany, Switzerland, Poland, the Czech Republic, Hungary, Slovakia and Romania, part of the Business Unit Central Europe at NH Hotel Group.On the occasion of the official NH Collection brand launch event in Germany, NH Hotel Group will for the first time host the NH Collection Video Art Award. This prize, which has been created in collaboration with New York-based curator Leo Kuelbs, is dedicated to talented young video artists. In its first edition, the award is devoted to the new premium brand with the call to take a creative stance on the essence of the NH Collection brand using innovative technology and surprising aesthetics.

NH launches its upper-upscale brand, NH collection, with a new hotel in Rome.

NH Hotel Group ·11 May 2016
After the hotel's openings in Venice, Amalfi, Taormina, Florence, Milan, Genoa and Turin, NH Collection increases its presence in Rome with its third hotel and seizes the moment to present NH Collection brand internationallyThe new NH Collection Palazzo Cinquecento is the 53rd hotel of NH Hotel Group in Italy and the tenth NH Collection in this countryClose to the main tourist and cultural destinations in the city, this hotel offers 177 rooms, a 600 square meter terrace, facilities for meetings and events and a complete and exquisite gastronomic offerNH Hotel Group has chosen the heart of the Eternal City for the launch in Italy of its most exclusive brand, NH Collection. NH Collection hotels are conceived for city travellers, whether for business or pleasure, who are looking for individualised care, premium services and, above all, first-quality facilities at strategic urban locations in core international destinations. Currently, the Group operates 58 NH Collection hotels and by the end of 2016 this number will increase until 68 establishments.NH Collection, the reference brand of the group in the upper-upscale segment, creates extraordinary experiences that combine thoughtful attention to detail, outstanding services, premium innovative products, state-of-the-art technology and genuine local gastronomy, which will culminate into an unmatched stay. This is why all of NH Collection branded hotels are focused on providing unequalled experiences, products and services that guests will always remember, want to come back to and even take home with them."We feel very proud of launching this iconic NH Collection hotel in a key strategic country, such as Italy", stated Gonzalez Tejera, Global CEO of NH Hotel Group. "This launch brings us a step closer to our ambition which is that one day, whenever anyone contemplates a trip to a city for an overnight stay or meeting, for business or pleasure, they will always ask themselves if there is an NH at their destination" highlighted the CEO of the Company.Feel the extraordinary in ItalyLast July 2014, NH Collection brand was launched worldwide for the very first time in Venice with the opening of NH Collection Palazzo Barocci. Since then, the Company operates nine NH Collection hotels more in key strategic Italian cities as Amalfi, Taormina, Florence, Milan, Genoa, Turin and Rome.With the opening of a new 5 stars hotel in Rome, NH Collection Palazzo Cinquecento, the Company increases its upper-upscale brand hotels across the country: "We want to expand our premium brand in Italy offering our guests memorable experiences that exceed their expectations. NH Collection Palazzo Cinquecento is our tenth hotel in the country signed under this exclusive brand and the 53rd hotel in the business unit of Italy", said Chema Basterrechea, Managing Director of NH Hotel Group in Italy.The official launch was presided by Dario Franceschini, Ministry of Cultural Heritage and Activities and Tourism, among other authorities and Italian society. Also, the renowned chef Chris Naylor, 1 Michelin Starred (Vermeer Restaurant at NH Collection Barbizon Palace), and chef Julian Marmol, (Kyushu Restaurant at NH Collection Grand Convento di Amalfi) designed and served the gastronomic offer of the event.NH Hotel Group is also present in Italy with 42 NH Hotels, comfortable and functional choices for customers who desire excellent location to move in the destination city easily, and nhow Milano, unconventional hotel with a unique and chameleonic personality, which is located in the heart of the design district of Milan.NH Collection Palazzo CinquecentoThe new hotel signed NH Collection is housed in a building that was once the railway and postal service headquarters. This structure is a wonderful example of twentieth century architecture where Art Nouveau details have been revived. These include a charming staircase, with attractive geometric patterns, which harmoniously leads to the 5 floors of the hotel.NH Collection Palazzo Cinquecento offers 177 comfortable and spacious rooms (82 Superior, 56 Premium, 8 Premium XL, 20 Junior Suites, 11 Suites), furnished with an elegant and refined style, equipped with all the comforts and facilities that characterize the high standards of NH Collection brand, designed to offer a unique stay experience.The hotel spirit is closely linked to the theme of travel, which is recalled in all its spaces. Starting with the "Grand Tour" restaurant, that offers to its guests a memorable dining experience of local tradition through the tastes and flavours of Italian cuisine. The hotel has two cocktail bars, perfect locations to enjoy a drink at the end of the day. One of the two bars, decorated giving great attention to designer pieces, is located on the fifth floor of the building facing the stunning rooftop terrace, 600 square meters, offering a unique view over Rome's skyline.The hotel has 4 meeting rooms to host conferences, business meetings or celebrate special events. It is also possible to use the two executive rooms and the Prive room, ideal location for guests who wish to have a quiet place and an exclusive service. The hotel offer is completed with a fully equipped fitness area.NH Collection Roma Palazzo Cinquecento stands in a stunning location in the full and living center of Rome, in Piazza dei Cinquecento. Dedicated to the five hundred Italian soldiers killed in the battle of Dogali in 1887, the square has undergone various architectural and urban works that have unveiled its outstanding historic and artistic heritage.In particular, entire stretches of the Servian Walls dating back to the Roman Republic period, were discovered. They are examples of the first urban boundary of the city. Built in the 6th century BC at the behest of the sixth king of Rome, Servio Tullio, they were rebuilt after the sack of Rome by the Gauls in 390 BC. Today, they are preserved in the garden in front of NH Collection Roma Palazzo Cinquecento and they are a real archaeological treasure.In addition, the central location of NH Collection Palazzo Cinquecento, next to one of the centres of the public transportation system, national and international hub, makes the hotel the perfect starting point to discover the city in its unique beauty.

Nh Hotel Group Chooses The Eternal City For The Launch Of Its Upper-upscale Brand, Nh Collection, With A New Hotel In Rome

NH Hotel Group ·29 April 2016
NH Hotel Group has chosen the heart of the Eternal City for the launch in Italy of its most exclusive brand, NH Collection. NH Collection hotels are conceived for city travellers, whether for business or pleasure, who are looking for individualised care, premium services and, above all, first-quality facilities at strategic urban locations in core international destinations. Currently, the Group operates 58 NH Collection hotels and by the end of 2016 this number will increase until 68 establishments.NH Collection, the reference brand of the group in the upper-upscale segment, creates extraordinary experiences that combine thoughtful attention to detail, outstanding services, premium innovative products, state-of-the-art technology and genuine local gastronomy, which will culminate into an unmatched stay. This is why all of NH Collection branded hotels are focused on providing unequalled experiences, products and services that guests will always remember, want to come back to and even take home with them."We feel very proud of launching this iconic NH Collection hotel in a key strategic country, such as Italy", stated Gonzalez Tejera, Global CEO of NH Hotel Group. "This launch brings us a step closer to our ambition which is that one day, whenever anyone contemplates a trip to a city for an overnight stay or meeting, for business or pleasure, they will always ask themselves if there is an NH at their destination" highlighted the CEO of the Company.Feel the extraordinary in ItalyLast July 2014, NH Collection brand was launched worldwide for the very first time in Venice with the opening of NH Collection Palazzo Barocci. Since then, the Company operates nine NH Collection hotels more in key strategic Italian cities as Amalfi, Taormina, Florence, Milan, Genoa, Turin and Rome.With the opening of a new 5 stars hotel in Rome, NH Collection Palazzo Cinquecento, the Company increases its upper-upscale brand hotels across the country: "We want to expand our premium brand in Italy offering our guests memorable experiences that exceed their expectations. NH Collection Palazzo Cinquecento is our tenth hotel in the country signed under this exclusive brand and the 53rd hotel in the business unit of Italy", said Chema Basterrechea, Managing Director of NH Hotel Group in Italy. The official launch was presided by Dario Franceschini, Ministry of Cultural Heritage and Activities and Tourism, among other authorities and Italian society. Also, the renowned chef Chris Naylor, 1 Michelin Starred (Vermeer Restaurant at NH Collection Barbizon Palace), and chef Julian Marmol, (Kyushu Restaurant at NH Collection Grand Convento di Amalfi) designed and served the gastronomic offer of the event.NH Hotel Group is also present in Italy with 42 NH Hotels, comfortable and functional choices for customers who desire excellent location to move in the destination city easily, and nhow Milano, unconventional hotel with a unique and chameleonic personality, which is located in the heart of the design district of Milan.NH Collection Palazzo Cinquecento The new hotel signed NH Collection is housed in a building that was once the railway and postal service headquarters. This structure is a wonderful example of twentieth century architecture where Art Nouveau details have been revived. These include a charming staircase, with attractive geometric patterns, which harmoniously leads to the 5 floors of the hotel.NH Collection Palazzo Cinquecento offers 177 comfortable and spacious rooms (82 Superior, 56 Premium, 8 Premium XL, 20 Junior Suites, 11 Suites), furnished with an elegant and refined style, equipped with all the comforts and facilities that characterize the high standards of NH Collection brand, designed to offer a unique stay experience.The hotel spirit is closely linked to the theme of travel, which is recalled in all its spaces. Starting with the "Grand Tour" restaurant, that offers to its guests a memorable dining experience of local tradition through the tastes and flavours of Italian cuisine. The hotel has two cocktail bars, perfect locations to enjoy a drink at the end of the day. One of the two bars, decorated giving great attention to designer pieces, is located on the fifth floor of the building facing the stunning rooftop terrace, 600 square meters, offering a unique view over Rome's skyline.The hotel has 4 meeting rooms to host conferences, business meetings or celebrate special events. It is also possible to use the two executive rooms and the Prive room, ideal location for guests who wish to have a quiet place and an exclusive service. The hotel offer is completed with a fully equipped fitness area.NH Collection Roma Palazzo Cinquecento stands in a stunning location in the full and living center of Rome, in Piazza dei Cinquecento. Dedicated to the five hundred Italian soldiers killed in the battle of Dogali in 1887, the square has undergone various architectural and urban works that have unveiled its outstanding historic and artistic heritage.In particular, entire stretches of the Servian Walls dating back to the Roman Republic period, were discovered. They are examples of the first urban boundary of the city. Built in the 6th century BC at the behest of the sixth king of Rome, Servio Tullio, they were rebuilt after the sack of Rome by the Gauls in 390 BC. Today, they are preserved in the garden in front of NH Collection Roma Palazzo Cinquecento and they are a real archaeological treasure.In addition, the central location of NH Collection Palazzo Cinquecento, next to one of the centres of the public transportation system, national and international hub, makes the hotel the perfect starting point to discover the city in its unique beauty.

NH Hotel Group launches its NH Collection brand in The Netherlands

NH Hotel Group ·18 April 2016
With the re-opening of three out of twelve Amsterdam NH Hotel Group hotels, the Company's upper-upscale brand NH Collection has been officially launched in the Netherlands today. After a period of refurbishments, NH Collection Grand Hotel Krasnapolsky, NH Collection Doelen and NH Collection Barbizon Palace have been inaugurated as flagship hotels in the presence of CEO Federico J. Gonzalez Tejera and Managing Director for the Benelux, UK, France and Africa, Maarten Markus.The three five-star hotels are perfect examples of NH Collection hotels thanks to their unique buildings and very central locations in the city centre. With their rich and inspiring history, all three hotels have become famous and loved amongst business travelers and tourists from all over the world. NH Hotel Group operates close to 400 hotels in 30 countries, of which 58 are NH Collection hotels, the reference brand of the group in the upper-upscale segment.Amsterdam, a key destination for NH Hotel Group Worldwide, NH Hotel Group continues to invest in the refurbishment of its properties, in line with the Company's strategic five-year business plan, of which execution started in 2014. In this plan, the Netherlands and Amsterdam in particular have been defined as one of NH Hotel Group's 'key destinations'.Federico J. Gonzalez Tejera, Global CEO of NH Hotel Group has personally travelled to Amsterdam to be part of the launch. "We feel very proud of launching three iconic NH Collection hotels today in this key strategic country", stated Gonzalez Tejera. "This launch brings us a step closer to our ambition which is that one day, whenever anyone contemplates a trip to a city for an overnight stay or meeting, for business or pleasure, they will always ask themselves if there is an NH at their destination" highlighted the CEO of the Company.Apart from the three NH Collection Hotels, NH Hotel Group also invests in other Amsterdam properties. Amongst others, NH City Centre Amsterdam and NH Schiphol Airport have been refurbished as well. Also, this summer the construction of nhow Amsterdam RAI will start, which will become the largest hotel of the Benelux with 650 rooms and 91 meters altitude."We are continuously working on the optimization and expansion of our NH Hotel Group portfolio. The launch of NH Collection in the Netherlands is the next milestone. The three flagship hotels have been fully refurbished and the results are stunning. Our guests are very thrilled with the new and improved hotels and that is in the end what we are doing all this for: hospitality is our core business", says Maarten Markus, Managing Director of NH Hotel Group in the Benelux, UK, France and Africa.Feel the extraordinaryNH Collection is NH Hotel Group's upper-upscale brand. NH Collection hotels are four- and five-star hotels, situated in iconic buildings on strategic locations. NH Collection aims to offer the best in gastronomy, innovation and design. By surpassing guest expectations, NH Collection aims to create memorable stays and lets guests 'feel the extraordinary'.Staying at NH Collection guarantees guests that they can enjoy the NH Collection Brilliant Basics in their rooms: a 34 centimeters thick NH Collection Sleep Better mattress, a shower with rain effect, an LED flat-screen television, a Nespresso machine, free and easy accessible Wi-Fi, a professional hairdryer and exclusively designed amenities. With 58 existing NH Collection hotels in, amongst others, Spain, Italy, Colombia, Belgium and Mexico, the Netherlands are the next important destination for the Company to launch its upper-upscale brand. NH Hotel Group aims to have 68 NH Collection hotels in portfolio by the end of 2016.NH Collection Grand Hotel Krasnapolsky - a 150-years-old icon in AmsterdamBeing one of the most famous hotels of Amsterdam, situated on Dam Square and facing the Royal Palace, NH Collection Grand Hotel Krasnapolsky is one of the three NH Collection hotels in the Netherlands. After more than two years of renovations, the hotel, consisting of 55 adjacent buildings, has been completely refurbished.The hotel has 451 rooms, of which a Royal Suite of 120 m2, facing Dam Square and with private elevator and bulletproof glass, and a Presidential Suite of 100 m2. For business guests, the hotel offers 2200 m2 of meeting and event space and it has been awarded as 'Best Meeting and Event location of the Netherlands' in category Large (>250 guests) at the National Meeting Awards in February 2016.One of the most striking spaces is the listed Winter Garden, where the NH Collection Breakfast is served every morning. Gastronomy lovers have several options to go to: the hotel offers the Grand Cafe Krasnapolsky, cocktail bar The Tailor, winner of the 'Best New Hotel Bar of Amsterdam' award 2016, and fine-dining restaurant The White Room by Jacob Jan Boerma (3*Michelin for Restaurant De Leest in Vaassen).The hotel was founded 150 years ago by A.W. Krasnapolsky, a Polish entrepreneur who started the hotel with a small coffee place. Krasnapolsky was known for is very innovative way of doing business: he was the first hotelier to integrate bathrooms with hotel rooms and also he introduced the concept of room service.AXA Investment Managers - Real Assets acquired, on behalf of clients, the hotel in 2013 and invested 38 million euros in the renovation, which was done in phases with NH Hotel Group as management company. D/DOCK signed for the hotel design and developed the room design in cooperation with Spanish interior designer Ramon Esteve. For the public areas, D/DOCK teamed up with British design studio Proof.NH Collection Doelen - where Rembrandt, Sissi and The Beatles come togetherDating from the fifteenth century, NH Collection Doelen's building is the oldest existing hotel of Amsterdam. Situated at the banks of the Amstel River and right in the city centre, the hotel as a very rich and inspiring history. In 1642, the civic guards assigned Rembrandt van Rijn to produce a painting meant to be exhibited in the building. This painting was later called the 'Night watch' and became one of the most famous paintings in the world. The hotel features a Rembrandt Suite, which is actually located right on the spot where the 'Night watch' used to hang on the wall.Another famous and returning guest was Empress Elisabeth of Austria (1837-1898), better known as Empress Sissi. On June 6, 1964, The Beatles gave their one and only performance ever in the Netherlands. They stayed at the hotel and the images of their boat trip through the canals and the thousands of cheering fans at the canal sides were broadcasted all over the world.NH Collection Doelen has more than 80 fully refurbished rooms in boutique style, in which traditional features go hand in hand with modern design by Spanish interior designer Jaime Beriestain, AD Magazine's Interior Designer of the Year and also designer of the VIP Level at NH Collection Eurobuilding in Madrid.On street level, hotel guests and passers-by can enjoy the brand new Restaurant Swych. The name refers to the 'Swych Utrecht' tower, which was the first part of the building in 1482. Swych's kitchen brigade is managed by Executive Chef Rudolf Brand, former sous-chef of Restaurant Vermeer (1*Michelin) and pop-up restaurant Roomservice at Olof's.NH Collection Barbizon Palace - focus on gastronomy, meetings and eventsDating from The seventeenth-century, NH Collection Barbizon Palace is located right across Amsterdam Central Station and it is an attraction itself. It has 274 rooms, twelve meeting and event spaces and a fully equipped gym. Special feature is the fifteenth-century Saint Olof's Chapel, accessible through an underground connection below street level. At the moment, the chapel is the location of pop-up restaurant Roomservice at Olof's, headed by 1*Michelin Executive Chef Chris Naylor. Roomservice at Olof's kitchen brigade has temporarily moved to the chapel to make room for the refurbishment of Restaurant Vermeer (1*Michelin), that will re-open its doors for culi-lovers mid-June. Also, the rooftop garden, full of vegetables and herbs and the home of three beehives, will flower again this summer season.

NH Hotel Group enters in China

NH Hotel Group ·31 March 2016
NH Hotel Group, the leading hotel chain in Europe announced the launch of the joint venture office and Chinese brand name: "Nuo Han", which represents a promise to meet the guest expectations and bring them a brilliant future. It also announced its development plans including 2 new hotels under NH Hotels brand to enter in the China market before the end of the year.NH China (Beijing NH Grand China Hotel Management Co., Ltd), the joint venture between NH Hotel Group and HNA Hospitality, is located in the central business district of Chaoyang, Beijing, China. The establishment of this company follows the strategic memorandum of understanding signed between NH and HNA as part of the bilateral trade summit between Spain and China in the presence of Spanish President Mariano Rajoy and Premier Li Keqiang of People's Republic of China.The joint venture's corporate purpose is to build a portfolio of NH Hotels and NH Collection brand hotels in the midscale and upscale segments in China owned by HNA or by third parties. The target is to develop 120 to 150 hotels by the year 2020. This business approach fits with NH Hotel Group's strategy of pursuing growth using capital-light formulas.Bai Haibo, Chairman of HNA Hospitality Group, stated, "The joint venture's establishment is a key milestone for the international development of HNA Hospitality Group with NH Hotel Group to build a brand portfolio in midscale, upscale and luxury segments. HNA Hospitality Group will leverage the leading operation experience, brand awareness of NH Hotel Group and the HNA resources to collaborate very closely to provide high quality services to Chinese travellers and loyalty members of the two groups".Federico J. Gonzalez Tejera, CEO of NH Hotel Group, stated, "China, the 2nd largest economy in the world, is a fast-growing market for both international and local hotel chains. The middle-class boom with more than 100 million China citizens is expected to be the key driver of an increase of high level consumption in travel and hospitality. With its strategic plan, NH Hotel Group will be ideally positioned to take advantage of this development in the Chinese market".The joint venture is developing 2 NH branded hotels to open in the 2nd half year of 2016 in Sanya and Haikou of Hainan Province. The NH Sanya Phoenix International Airport will have 334 rooms, while the NH Haikou Meilan international Airport will have 1,001 rooms making it the largest NH Hotels branded hotel in the world. The Joint Venture is also expecting to grow its portfolio under management to 10 to 20 hotels by the end of the year. It is already pursuing opportunities in Beijing, Shanghai, Hangzhou and exploring potential in key tier 2 and 3 cities in China. The receptiveness to NH Hotels and NH Collection brands has been very strong.Markland Blaiklock, Managing Director of NH China and CEO of the joint venture, said "We are grateful to our shareholders and extremely proud to launch our operations in China and establish a strong foundation from which to develop our own brands and achieve the vision and ambition of NH Hotel Group which is: "One day, whenever anyone contemplates a trip to a city for an overnight stay or meeting, for business or pleasure, they will always ask themselves: Is there an NH hotel at my destination?".NH Collection and NH HotelsThe selection of the Chinese brand name "Nuo Han" was the result of extensive research and internal discussions. The character "Nuo" represents NH Hotel Group's promise to meet the expectations of their guests with sincerity and emotion. The character "Han" represents flying higher and a brilliant future whether guests are traveling on business or leisure. This is aligned to NH Hotel Groups operational promise to place customer satisfaction as its highest priority.NH Collection are upper upscale establishments designed for urban travellers, business or pleasure, and the meetings and events segment, seeking personal attention and extraordinary service in authentic and distinguished buildings. NH Collection's philosophy is to go beyond the consumers' expectations in order to deliver extraordinary experiences. At a global level, this brand has 51 hotels, and the Company is planning to increase this number in its current markets by the end of the year. The Chinese brand name for Collection "Jing Xuan" means well selected with excellence. This conveys in Chinese the essence of NH Collection, which is to "feel the extraordinary" and to surprise guests by going beyond their expectations.NH Hotels offers top locations with the best value for money, connecting its guests with the center of the city and its main neighbourhoods, making travel easy and simple. These hotels pay close attention to detail and client services. Rooms are comfortable and functional, with services and facilities that adapt to the guests' needs. The essence of this brand is "Always a pleasure".About HNA Hospitality GroupThe HNA Hospitality Group was founded in 1997 as a subsidiary of HNA Group. Through the years, the hotel group has won several awards including being inducted into the Worldwide Hotel Corporation Top 300, acknowledged as the Most Competitive National Hotel Brand in China, and recognized as the Best Hotel Management Corporation in China.

NH Hotel Group Boosts EBITDA 36% and Posts a Profit for the First Time Since 2011

NH Hotel Group ·26 February 2016
> -->Business and earnings momentum gained traction as the year unfolded driven by the pricing strategy rolled out: Revenues per available room (RevPAR) rose by 11% last year.Central Europe business units to perform better in 2016, as the repositioning works began in these markets during the second quarter of 2015. --> Central Europe business units to perform better in 2016, as the repositioning works began in these markets during the second quarter of 2015. -->The healthy performances posted by the Spanish and Italian business units last year stand out; these markets have benefitted from the execution of the asset repositioning strategy in the initial years of the business plan. Management expects the Benelux and Central Europe business units to perform better in 2016, as the repositioning works began in these markets during the second quarter of 2015. --> -->Implementation of the Group's five-year business plan is tracking ahead of schedule and the scope for outperformance of the initial guidance has increased. At year-end 2015, hotels representing 64% of Group EBITDA were in perfect shape. Once the EUR237 million repositioning plan has been fully implemented, this figure will rise to 81%. --> -->Assuming moderate economic growth, the outlook for 2016 is very upbeat: thanks to its current strength, the Group is targeting topline growth of 8%, EBITDA of c.EUR200 million in comparable terms with the previous year, and a leverage ratio of 4.0x (down from 5.6x). --> -->Among the milestones planned for 2016, it is worth highlighting the fact that NH Hotel Group will unveil its growth plans for the Chinese market in March.

NH Hotel Group expands its iconic nhow brand with a new hotel in London designed by Norman Foster's studio

NH Hotel Group · 6 November 2015
The Company has signed an agreement with AXA Investment Managers - Real Assets to operate a new hotel development under its nhow brand, amidst the trendy and urban district of Shoreditch and the global financial heart, the City of London* nhow is a unique brand that surprises and inspires its guests by offering them an unconventional experience in which they feel welcomed from the very beginning* The hotel will be part of an ambitious new development called 250 City Road, designed by the internationally acclaimed studio Foster + Partners, founded and directed by the world famous architect Lord Norman Foster* After Milan, Berlin, Rotterdam and projects under development in Santiago de Chile and Amsterdam, the chameleonic brand will bring its unique experience to the UK capital in 2019* As a result of the implementation of the Company's five year plan and the Group's focus on the nhow brand, the company is registering extraordinary performance in its hotels within this categoryNH Hotel Group will bring its nhow brand to the UK capital in a new development located in one of the London's most distinctive areas, within the districts of Shoreditch and the City of London. The area known as 'Tech City' concentrated around Old Street roundabout, is the heart of the Capital's technology and digital sector, widely recognised as the most rapidly growing commercial centre in the UK. Thanks to a management agreement signed between the Company and AXA IM - Real Assets, NH is expected to operate its first nhow hotel in the country by 2019.Located in a 5.5 acre mixed-use new development called '250 City Road', designed by the world renowned architect Lord Norman Foster's studio -Foster + Partners-, the 8-floor hotel will feature 190 rooms, a restaurant, bar, gym and meeting rooms. As with the other nhow properties, the hotel will offer an unconventional and unique experience that will elevate the guest's stay by awaking their senses, and at the same time will make them feel welcomed and part of an unforgettable experience. The hotel will become a destination and hotspot for visitors to the city, whether they are business travelers, leisure travelers or London residents.

NH Hotel Group to Increase Presence in Downtown Rome with Historical Converted Hotel

NH Hotel Group ·12 August 2015
NH Hotel Group announces the opening of its sixth hotel in Rome, the third NH Collection-branded hotel in the city and the tenth in Italy overall.The new NH Collection in Rome will be conveniently located in the midst of Piazza Cinquecento, a heritage-protected plaza amongst historical buildings, and in close proximity to Termini central train station, one of the country's most important transportation centers. In addition to strategically locating the hotel close to Rome's top tourist and business destinations, NH Hotel Group plans to open this premium hotel at the end of the year when the refurbishment of the palazzo is yet to be completed.The hotel to be operated by the NH Hotel Group will take up 13,155 square yards divided into four floors accommodating 180 rooms. The hotel will incorporate meeting and event rooms with a capacity for up to 350 people and a bar and restaurant that will be accessed directly from the main square. A special feature of the hotel will be its spacious outdoor garden where guests can view the remains of the former Servian Wall, which was built around the city of Rome in the early fourth century AD.With the addition of this new property, NH Hotel Group will have 43 hotels around the world operating under the NH Collection trademark. The Group's premium brand was conceived for leisure and business travelers alike looking for extraordinary experiences with high standards for comfort and guest services in strategic urban locations across key international destinations.NH Collection, the NH Hotel Group's premium brandThe roots of the NH Hotel Group's most exclusive brand are embedded in the new strategy and vision for the years ahead. Particularly in its ambition that one day, whenever anyone contemplates a trip to a city for an overnight stay or meeting, for business or pleasure, that they will always ask themselves if there is an NH hotel at their destination.The brand seeks to satisfy the needs of consumers looking for "that little bit extra" from their hotel stays. The NH Collection hotels offer superb comfort levels, a broad and personalized product and service range and personal and intimate guest care. Not only with a view to satisfying the needs of guests seeking this level of service, but also with the aim of surpassing guest's expectations with respect to the hotel and its service standards.

NH Hotel Group reinforces its commitment to transparency and best practice with expanded Code of Conduct

NH Hotel Group ·29 July 2015
The Board of Directors of NH Hotel Group has approved an updated version of the Company's Code of Conduct with a view to expanding the scope of application of the principles and values guiding the Group's behaviourThe update was carried out at the recommendation of the Compliance Committee, a body created in 2014 in order to oversee compliance with all applicable in-house and external rules and regulationsThe rules enshrined in NH Hotel Group's Code of Conduct are underpinned by prevailing legislation, the UN's Global Pact and the WTO's Global Code of Ethics for TourismAgainst the backdrop of its pledge to uphold the best corporate practices, NH Hotel Group has updated its Code of Conduct with a view to increasing the scope of application of the principles and values that guide the Group's behaviour, while adapting the Code for recent legislative developments.By updating its Code of Conduct, NH Hotel Group is reinforcing its ethics pledge, expressed through the values of integrity, honesty, transparency, respect, trust and professionalism, in order to ensure that the Company does business to the highest standards of corporate governance.Federico J. Gonzalez Tejera, NH Hotel Group's CEO, said that "our principles and values also apply to our customers, suppliers, shareholders and the communities in which we do business; all of the people bound by the Code thereby contribute to our goal of being the model for corporate responsibility in the tourism sector".Key changesThe Company's updated Code of Conduct adds business dealings to the Employees section, specifically mentions the public sector in the section dealing with corruption, expressly bans unethical practices on the part of Code recipients, includes a new dedicated section on compliance with tax, social security and public funds requirements and introduces the need to verify the origin of cash collected in keeping with anti-money laundering legislation.This update was approved by the Board of Directors of NH Hotel Group at the request of the Compliance Committee, a body created in 2014 to oversee compliance with the host of in-house and external rules and regulations by which it is bound and to ensure the existence of a control structure aligned with prevailing legislation and current best practice.A Code of Conduct that encompasses all of the business activities carried on by the CompanyNH Hotel Group's Code of Conduct applies to all employees, executives, interns and members of the governing bodies of all of the companies that comprise the Group, as well as to its customers, suppliers, shareholders and other stakeholder groups.The guidelines laid down in the Code of Conduct are underpinned by applicable legislation and are based on the United Nations Global Compact and its 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and on the Global Code of Ethics in Tourism adopted by the General Assembly of the United Nations World Tourism Organisation (UNWTO). This set of principles is designed to guide key-players in tourism development in helping to maximise the sector's benefits while minimising its potentially negative impact on the environment, cultural heritage and societies.In this manner, NH Hotel Group has reinforced its commitment to ethical conduct in all its areas of influence, thereby furthering its goal of delivering responsible growth hand in hand with all of its stakeholders.

NH confirms its upbeat guidance thanks to the positive evolution of its business plan

NH Hotel Group ·14 July 2015
* The Company is outperforming its direct competitors on revenue per available room (RevPAR) in the bulk of its destinations and foreshadowed a strong 2Q15 in all markets, underpinned by estimated RevPAR growth of 11.4%* Management confirms guidance for 2015, which calls for RevPAR growth of between 5% and 7% and EBITDA growth of 25%, including the contribution by Hoteles RoyalNH Hotel Group held its Annual General Meeting today in its flagship NH Collection Eurobuilding in Madrid. The Company's CEO, Federico J. Gonzalez Tejera, took advantage of the event to update shareholders on the Company's business performance last year; he also overviewed all of the initiatives encompassed by the ongoing 5-year business plan and reiterated upbeat guidance for 2015.Specifically, Federico J. Gonzalez Tejera said that "we are beginning to feel the impact of all of the transformation initiatives being executed by the Company, which are revealing strong potential going forward", going on to stress that "rigorous compliance with the business plan initiatives, enhanced hotel user satisfaction, improved financial metrics across all business units and faster revenue growth relative to our competitors in most markets confirm that the Company as a whole is on target to deliver renewed growth".Some of the key milestones highlighted by the CEO were the growth in the bottom line, the start of tangible improvement in image in all of the Group's segments and acceleration of the growth plan in the wake of the acquisition of Hoteles Royal in Latin America.Better positioning and profitability The favourable trend in the hotel business, coupled with select repositioning and refurbishment in line with the NH value proposition, has driven guest satisfaction and Group earnings higher. In 2014, the Company recorded recurring revenue of EUR1.27 billion, EUR12.5 million more than the year before, despite the adverse impact of exchange rate trends and the deconsolidation of assets that no longer fitted with the new standards introduced by the Group for its various trademarks. These adverse effects were offset by growth in business volumes and portfolio fine-tuning.The impact of the initiatives being executed by the Company under the scope of its business plan is making a very significant contribution to improving the recognition and reputation of the Group's hotels in its various markets, enabling consecutive quarterly growth in average daily room rates (ADR) and RevPAR throughout 2014, with these metrics ending the year 1.7% and 3.6% higher, respectively. As a result, NH Hotel Group reported growth in recurring EBITDA of 2.5% last year and bottom-line growth of 76%. Elsewhere, the Group's CEO noted that the Company had topped guidance for proceeds from asset sales, having disposed of Sotogrande for EUR178 million, paving the way for the early non-scheduled repayment of EUR20 million of borrowings with the attendant deleveraging effect, while also providing the financing for the acquisition of Hoteles Royal.Progress on the business plan NH Hotel Group has implemented a new brand architecture and guest experience as part of the ongoing development of its new guest value proposition in all its business markets. Against this backdrop, at the Annual General Meeting, management highlighted the take-off of its premium brand, NH Collection, which now operates 43 establishments, with another 14 in the pipeline by year-end 2015. Perception of the new brand is proving very positive, as evidenced by the trend in the guest feedback ratings tracked internally in the form of satisfaction surveys and externally by travel websites that base their recommendations on users' opinions. Federico J. Gonzalez Tejera also flagged the fact that the membership of new loyalty programme, NH Rewards, which has been segmented into four categories (Blue, Silver, Gold and Premium), has topped 4.7 million. Thirty per cent of the Group's revenue is currently generated by members of this programme. NH Hotel Group has been stepping up its communication and marketing efforts in all its markets with information campaigns about the new NH, its brands and the various experiences associated with each. In parallel, the Company has launched a new Group website as well as a dedicated NH Collection website, both of which have been given a more contemporary, user-friendly and aesthetic design, while improving the booking and browsing processes. These initiatives are combining to enhance brand perception in the Group's key markets, including Spain, Italy, Netherlands and Germany. In the Meetings and Event segment, NH launched NH Meetings, a package of services articulated around NH's unique, touchstone values: extraordinary service, the best locations and unbeatable value for money as well as the most quality-consistent and versatile portfolio of meeting rooms in the market. NH Meetings has been reinforced by the installation of 3D holographic projection technology and telepresence and interactive collaboration systems for the first time in the hotel business; these technologies have been installed permanently in some of the Group's hotels to ensure high-impact, high-performance meetings and events. In addition, the Group is currently working to further strengthen its value proposition in this segment thanks to the interactive 3D Virtual Planner(r) application, a solution that will be accessible from NH Hotel Group's website and will enable customers to take a three-dimensional virtual tour of the event rooms offered by the Group and personalise their configuration depending on their specific needs and requirements. As for the repositioning plan, the Company refurbished eight establishments last year, is upgrading another 33 in 2015 and plans to work on another 27 in 2016, bringing total hotel refits to 68. A further 48 properties will benefit from smaller-scale reforms during this period. NH Hotel Group's repositioning plan entails EUR227 million of capital expenditure and affects hotels representing roughly 50% of the Company's revenue. Turning his attention to the growth plan, NH's CEO underscored the fact that strong business plan execution had made it possible to accelerate the Company's growth targets without jeopardising its financial commitments, thanks to the sale of the Sotogrande assets. In 2014, the Group added four hotels to its portfolio and in February 2015 it acquired Hoteles Royal in Latin America, a chain which consolidates the NH brand in Colombia (catapulting it to the number one spot in Bogota by number of rooms) and increases its footprint in Chile and Ecuador. In tandem, the Company is making progress on its joint venture in China, which is planning to develop a portfolio of hotels in this Asian country. Lastly, the CEO alluded to the IT system upgrade plan, which is focused on fine-tuning management and organisational capabilities and is advancing as scheduled, and to the shift in corporate cultural, which is also going according to plan.Outlook For 2015, NH Hotel Group said that is was confident that the improvement in the key business metrics will continue; specifically, management is expecting growth in RevPAR to almost double that of 2014, at between 5% and 7%. The Company is also looking for growth in EBITDA of around 25%, underpinned by the improvement in the key hotel business metrics and the first-time contribution of the hotels belonging to the Royal chain which are already being consolidated.

NH Hotel Group wins the global tender to operate the largest hotel in Benelux with its nhow brand

NH Hotel Group ·28 April 2015
After a competitive tender procedure, NH Hotel Group's project 'nhow Amsterdam RAI' has been chosen as the winning hotel concept by The City of Amsterdam and Amsterdam RAI. The new building will be the largest hotel in the Benelux and will be located at the Amsterdam RAI complex, one of the largest exhibition and conference centers in the Netherlands. NH Hotel Group expands to eleven hotels in Amsterdam and will add an icon of 91 meters to the Amsterdam skyline.nhow Amsterdam RAI is the answer to a long desired wish of Amsterdam RAI to have a hotel on their own grounds. The hotel, operated under a lease contract by NH Hotel Group, will have 650 rooms, which makes it the largest hotel in the Benelux. On 25 floors, guests will experience nhow in every possible aspect. As any other nhow hotel, nhow Amsterdam RAI will offer an unconventional and disruptive experience that elevate the guests stay by awaking their senses.nhow hotel brandUnder the umbrella of NH Hotel Group, nhow is the chameleonic hotel brand that adapts itself to the city where it is and is always changing. Taking its inspiration from the most avant-garde cities in the world and designed by the most creative minds of the moment, nhow is both a hotel and an explosion of inventiveness occupying one single space. At nhow hotels nothing is pre-established,everything is unexpected and it awakens all the guests senses, both physically and intellectually. From the hotel entrance to the rooms, the lobby, the restaurants, the corridors, the meeting rooms and the creative spaces, the experience is different for every consumer but with a common feeling, the sense of "wow".nhow hotels, located in key trendy urban areas undergoing transformation and change, become a reference point of the cities to meet, experience and create.nhow Amsterdam RAI will be the second nhow hotel in The Netherlands after the recently opened nhow Rotterdam last year. Also nhow is currently present in Milan (Italy) and Berlin (Germany) and is expected to reach 12 additional destinations by 2018. The development of the nhow brand is part of one of the 24 initiatives included in the strategic five year plan of NH Hotel Group, with which the company aspires to be the top choice in the mind of consumers.nhow defines a new generation of hotels: iconic, inspiring, surprising and always on the move. As a synthesis of a new style of enjoying life, "nhow brings in an up to now unseen level of hospitality and aims to become the benchmark for the most innovative cultural, social and artistic movements of the big cities, globalized and constantly changing" says Federico J. Gonzalez Tejera, CEO of NH Hotel Group.nhow Amsterdam RAI: On AirThe hotel concept focuses on connectivity, innovation and media. Guest will be able to connect with each other and the rest of the world 24/7 and state-of-the-art technological innovations will be implemented in the hotel, such as the 3D Holographic Telepresence technology, one of the latest functionalities for virtual and interactive meetings and events (Installed in 10 destinations before the end of this year). NH Hotel Group is the only hotel chain in the world that offers technologic solutions like these in their hotels permanently. On the top floor, a high-end, multimedia studio will be created. With a mind-blowing view as a decor, tv-, radio- and online programs can be recorded and aired live from the top of Amsterdam.Change the skylinenhow Amsterdam RAI is a great addition to NH Hotel Group's presence in the Dutch capital. " With 650 rooms, 25 floors and a state-of-the-art multimedia studio at 91 meters up in the air, we will change the Amsterdam skyline, together with our partners. After nhow Milan, nhow Berlin and nhow Rotterdam, iconic nhow Amsterdam RAI will be a hotspot where ultimate hospitality, surprise elements and breathtaking gastronomy will be 'On Air', every day and night," says Maarten Markus, Managing Director of NH Hotel Group Benelux, UK, France, USA & Africa. As later this year and in 2016, NH Hotel Group also launches three hotels of their other brand in Amsterdam, NH Collection, the Company's position in the Netherlands becomes more and more leading. On April 16, NH Hotel Group was voted Best Hotel Chain of the Netherlands by the Dutch consumers at the yearly Zoover Awards 2015 ceremony, for the second year in a row and with an overall score of 9.0 for hospitality, facilities and quality.Partnersnhow Amsterdam RAI will become a destination and hotspot for guests of Amsterdam RAI, business travelers, leisure travelers and the Amsterdam citizens.nhow Amsterdam RAI will be developed together with real estate development partner COD. The hotel will open its doors in the second half of 2018.The design is made by the world famous architects of OMA, founded by Rem Koolhaas, who are also responsible for iconic nhow Rotterdam, winner of the Entree Hospitality & Style Award for Best Hotel Design of 2014. The design for nhow Amsterdam RAI is based on ' The Signal', a well-known object, located at the main entrance of the Amsterdam RAI. In January 2015, The Signal got the status of National Monument. The eye-catching shape has inspired the architects to create the impressive design for the hotel. nhow Amsterdam RAI will have the Most Preferred Hotel status for guests, meeting & event organizers and visitors of the Amsterdam RAI. As partners, they will join forces to promote the city of Amsterdam for international meetings, congresses and events.

NH Hotels and Sony Pictures setting of first-ever holographic press conference of the film industry

NH Hotel Group · 9 April 2015
NH Collection Eurobuilding hosted the first-ever holographic press conference of the cinema industry, organized by Sony Pictures to present the new film CHAPPIE to the Spanish media. The journalists who attended the press conference in Madrid were surprised by the level of reality of the holographic versions of actor Hugh Jackman and film director Neill Blomkamp. The 3D holographic telepresence technology installed in the hotel of Madrid allowed Jackman and Blomkamp to attend the Spanish press from the hotel nhow Berlin."The nature of 'Chappie', a film with highly technological and innovative concepts looking at the future, required also technological and innovative ways to be presented, and we found NH Hotel Group was a good partner to help us do something that integrates both these ideas: the first holographic press conference in the history of cinema", said Ivan Losada, Managing Director of Sony Pictures Releasing in Spain. "In entertainment, our business, not only the content is important but also the format, and the holographs have been the perfect sample: our message multiplied the attention received thanks to the surprising way it was communicated. This is probably just the first of many holographs in our industry".Extraordinary Experience The presentation was in real time which enabled the journalists to interact with the actor and the director of the movie (more than 1.800 km away) in the same way as if they both were physically present in Madrid.The holographic telepresence technology installed in the hotels NH Collection Eurobuilding and nhow Berlin was used for this event. The system is based on the projection of a HD image on a reflective surface which rebounds to a transparent film where the hologram with 3D effect appears. This is a pioneering and revolutionary service in the hotel sector that can be applied not only to events and conventions of high impact, but also for presentations that want an innovative and surprising staging.A Company where the future is already presentNH Hotel Group is the first hotel chain to develop a holographic telepresence system that allows being in multiple locations in real time. At this moment, this technology is implemented in NH Collection Eurobuilding (Madrid), nhow Berlin and NH Collection Constanza (Barcelona). This service will also be available in 9 different destinations in the near future, enabling a futuristic way of connection. This way, NH Hotel Group commits firmly to make extraordinary encounters defying the distance.About Sony Pictures Entertainment Sony Pictures Entertainment (SPE) is a subsidiary of Sony Entertainment Inc., a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production, acquisition and distribution; television production, acquisition and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and technologies. For additional information, go to www.sonypictures.com.About NH Hotel GroupNH Hotel Group (www.nh-hotels.com) is Europe's third-ranked business hotel chain. It operates close to 400 hotels with almost 60,000 rooms in 29 markets across Europe, the Americas and Africa, including top city destinations such as Amsterdam, Barcelona, Berlin, Bogota, Brussels, Buenos Aires, Dusseldorf, Frankfurt, London, Madrid, Mexico City, Milan, Munich, New York, Rome and Vienna.

NH reports strong progress on business plan initiatives

NH Hotel Group ·20 February 2015
Federico J. Gonzalez Tejera, the Group's CEO, highlights the favourable execution of all the business plan initiatives and its positive impact on all areas of the Company, as is evident in the Group's key performance indicatorsSome of the milestones achieved in 2014 include estimated RevPAR growth of over 3%, the rollout of pricing strategy, the repositioning of 31 hotels, the exit of 30 non-strategic hotels, the renegotiation of existing leases and growth of 25% in membership of the NH Rewards loyalty programmeNH faces 2015 with a boost to its growth strategy, announcing its committed to acquire the hotel chain of Colombian origin "Hoteles Royal" for a sum of EUR65.6m, after deducting the EUR21.5m of proceeds collected from the sale of the NH Bogota Parque 93 hotel in January 2015The Company will go from two to 21 hotels (2,379 rooms) across Colombia, Chile and Ecuador, adding a portfolio of hotels which present a strong strategic fit, thereby bringing forward delivery of its growth targets for Latin AmericaThe Group's CEO also spoke of bright prospects for 2015: EBITDA is expected to grow around 30% (considering the contribution of Hoteles Royal), and a RevPAR growth of over 5%Madrid, 3rd of February 2015. NH Hotel Group has presented today the key milestones of 2014, weighing up the Company's performance in year one of its current five-year strategic plan and providing insight into guidance for 2015The Group's Chief Executive Officer, Federico J. Gonzalez Tejera, confirmed NH Hotel Group's notable recovery, supported by the accomplishment of the objectives laid down in each of the initiatives of the plan during this first year of transformation. More specifically, he spoke of the results momentum evidenced in the latter quarters of 2014 and the positive trends in the key hotel business performance indicators. He also noted the gradual improvement in hotel profitability, in line with execution of the measures contemplated to this end in the Group's transformation plan, flagging estimated growth in revenue per available room (RevPAR) of over 3% in 2014. All of this was possible thanks to the rollout of a pricing strategy designed to boost the average daily rate (ADR) taking advantage of times of stable occupancy. He remarked that ADR growth is one of the direct results of the initial business plan initiatives implemented in year one which are unquestionably having a very positive impact in the marketplace and on consumers, who are providing very encouraging feedback about the improvements made and the Group's now-compelling value proposition.In this same line, the Group's top executive stressed the strong commitment to rigorous compliance with the roadmap laid out by the strategic plan, emphasising the progress already made and the next steps to be taken."Today NH is a group in the midst of transformation with the ambition to become the top choice in the urban hotel segment on product and service. In this first year we have tackled major refurbishments and taken strategic decisions which are enabling us to make our hotels more profitable, improve our positioning and generate better guest feedback, while at the same time paying off corporate debt" said Mr. Gonzalez Tejera.Strategic Plan: First year of transformation New value proposition In his speech, NH's CEO highlighted the materialisation of a new NH value proposition, underpinned by a new brand and new experience architecture, as one of the most important milestones achieved during this first year of transformation. The fact that the NH Collection, NH Hotels, nhow and Hesperia trademarks are today a tangible reality, clearly differentiated by consumers, particularly in the upscale and upper upscale segments on which the Company focused its efforts in the past year, is translating into growth in average prices.In parallel, the Company has enhanced the guest experience by implementing a solid operational promise in which new items comprising the hotels' basic offering have been implemented (EUR30 million of investment). Known as the Brilliant Basics, these essential items are currently available in the vast majority of the Group's establishments and are helping to improve the guest experience and ultimate feedback.NH Hotel Group's CEO also underscored the successful renovation of the loyalty programme, NH Rewards, which saw membership increase to over 4 million in 2014, with 25% of these members signing up just last year.The trends in internal and external quality indicators reveal a significant improvement in how users' rate the group's hotels in the past year, particularly in respect of hotels where the first transformation measures have already been implemented. By way of illustration, the ratings on Tripadvisor of recently-refurbished establishments evidence a very substantial improvement, with the NH Collection Eurobuilding climbing from 153th place to 14, for example, and the NH Collection Palazzo Barocci in Venice jumping from 164th place to 26.In the meetings and events segment, meanwhile, NH has been reinforcing its leadership position by implementing sector-pioneering technology solutions such as 3D holographic projection technology and telepresence and interactive collaboration systems, which are being used for the first time in the hotel business and have been installed definitively in some of the Group's hotels to ensure high-impact, high-performance meetings and events.Repositioning and asset growth As for the asset repositioning plan, NH Hotel Group's CEO said it would invest EUR220 million between 2014 and 2016 to renovate and refurbish the hotels offering the highest potential for ADR growth. At present, 73% of this capital expenditure is going to reposition hotels for conversion into NH Collection-branded establishments. This process has already been successfully concluded at flagship establishments such as the NH Berlin Mitte (Germany), NH Collection Palazzo Barocci (Italy), NH Collection Eurobuilding and NH Collection Abascal (the last two in Madrid, Spain).On the growth front, NH Hotel Group added nine hotels to its portfolio in 2014 (3 openings and 6 signed contracts) and launched its joint venture with the HNA Group in China, where it plans to develop a chain of hotels under the management regime formula.IT transformation Lastly, NH's CEO highlighted the progress made on optimising management and organisational capabilities, particularly in terms of IT systems. The Group's online strategy has delivered a significant reduction in intermediation costs, thanks to the comprehensive revamp of the commercial website at the corporate level, enhancing its capabilities and functionality and making it available in mobile versions adapted for all operating systems (IOS, Android and Windows). Last year it also designed a dedicated website for the NH Collection brand, so that consumers will be able to make bookings at any of the 29 hotels currently operated under this brand quickly, simply and securely.Hoteles Royal: Growth in LatinamericaNH Hotel Group has entered into an agreement for the acquisition of Latin American chain Hoteles Royal. Under the terms agreed, the Company will first take an 80.77% ownership interest and will later acquire the remaining 19.23%. The amount payable for the acquisition of 100% of the equity of Hoteles Royal, after deducting the EUR21.5m collected from the sale of NH Bogota Parque 93, is EUR65.6m. As a result, NH is accelerating the growth plans contemplated in its five-year business plan, taking advantage of a unique opportunity to achieve a leadership position in various destinations throughout the region.The proceeds from the sale of the NH Bogota Parque 93 hotel in Colombia in January, coupled with some of the proceeds from the sale of Sotogrande last year, position the Group to fund the Hoteles Royal acquisition without having to increase its debt. The sale of the Bogota hotel was closed at a substantially higher multiple of EBITDA than the Hoteles Royal acquisition, which means that the deal as a whole was done at a very compelling multiple.Hoteles Royal, a homogenous product in line with NH's high standards Hoteles Royal is an international company of Colombian origin focused on the development and management of city hotels and is a benchmark player in the corporate segment. The agreement will enable NH to add 20 hotels and 2,257 rooms divided between Colombia (15 hotels), Chile (4 hotels) and Ecuador (1 hotel). These establishments are currently operated by the Latin American company under a mix of regimes: ownership arrangements (3 hotels), long-term variable leases (12 hotels) and the management regime (5 hotels). The mix of contracts used by Royal fits with the asset-light growth model envisaged by NH for the years to come.This transaction reinforces NH's portfolio in the region in attractive locations. The Group will emerge as the leading player in Bogota and one of the leading operators in Santiago de Chile, both of which are destinations in which the Company already does business and had targeted for growth.The Hoteles Royal establishments provide a homogenous and consistent product offering which presents a strong match with the high standards upheld by NH and will facilitate the integration of these new properties into the latter's hotel portfolio.Agreement with Radisson Until now, Hoteles Royal holds the Radisson franchise in Latin America; in fact, six of the Colombian chain's hotels, included under the scope of this agreement, are marketed under the Radisson brand. As a result of this acquisition and in the wake of a three-way agreement (between Radisson, Hoteles Royal and NH Hotel Group), Radisson would take back control of its franchise in Latin America and NH Hotel Group would rebrand the acquired hotels as NH Collection and NH Hotels establishments.An opportunity to boost the multinational's growth in Latin America At present, NH operates more than 8,000 hotel rooms in America between 37 hotels located in nine different countries: Argentina, Chile, Cuba, the US, Haiti, Mexico, the Dominican Republic, Uruguay and Venezuela. As a result of the acquisition, NH will have 57 hotels and over 10,000 rooms on the continent, becoming a benchmark player in some of Latin America's key markets. Moreover, the acquisition will boost the Group's earnings in the region, where revenue currently accounts for 6% of the total.In the words of Federico J. Gonzalez Tejera, CEO of NH Hotel Group: "This acquisition delivers growth in Latin America, one of the core objectives contemplated in our business plan, without implying any deviation whatsoever from our stated commitments. We are certain that the process of integrating the Hoteles Royal properties into the NH portfolio will be natural and easy given the product and positioning match. We are confident that the integration will be successfully completed during the course of this year".Outlook for 2015As for the future, NH's CEO expressed optimism regarding the Company's prospects, driven by business recovery, particularly in the second half of 2014. The Group estimates an EBITDA growth of around 30% and RevPAR growth of over 5% in 2015, thanks to continued execution of the plan and the contribution by Hoteles Royal.The asset repositioning strategy is continuing, with plans to refurbish 40 hotels this year. Consolidation of the meetings and events segment value proposition, particularly implementation overseas of the revolutionary 3D holographic and telepresence technology in core markets such as Italy, Germany, Mexico and Netherlands, is another of the challenges which lies in store in 2015.

NH Hotel Group unveils its new product for the meetings and events segment: High Tech Made Easy

NH Hotel Group ·20 November 2014
Sector-pioneering, cutting-edge solutions such as 3D holographic projection technology and telepresence and interactive collaboration systems are now being installed definitively in the Group's hotels to ensure high-impact, high-performance meetings and eventsHigh Tech Made Easy falls under the umbrella of "NH MEETINGS: inspire. create. enjoy", NH's value proposition for this segment is designed to ensure it hosts unique events inspired by customers' desires and needs. Events created and executed professionally and passionately and capable of creating memorable experiencesThe meetings and events segment represents around 25% of the Group's revenue and is playing a strategic role in consolidating its global footprintNH Hotel Group unveiled today its new service, High Tech Made Easy, designed to provide its customers with cutting-edge technology which ensures high-performance and high-impact meetings and events. This new service adds innovative and sector-pioneering technology solutions to the Group's current value proposition. The new range includes telepresence systems which combine the best in videoconferencing with interactive collaboration solutions and 3D holographic projection technology, which is being made available on the premises on a permanent basis in a world first for the sector.Rufino Perez Fernandez, Chief Commercial Officer of NH Hotel Group said that "the new High Tech Made Easy service brings together the latest technology in videoconferencing and collaboration systems in a manner designed to help our customers make their meetings and events more efficient and productive, while enhancing their experience and, in parallel, enabling participants located far away to intervene in events in real time, thereby eliminating costly travel and helping to reduce associated expenses".More specifically, High Tech Made Easy includes the next generation SMART Room Systemtm for Microsoft(r) Lync(r) online videoconferencing system, designed to guarantee high-performance meetings and more personal and efficient conferences. NH Hotel Group is the first, and so far only, company in the hotel sector to add this technology to its offer. As a result, NH's meeting rooms are now equipped with the latest videoconferencing and interactive collaboration systems which enable the participation of as many as 250 virtual attendees in a given video call. These remote attendees can intervene using their personal handheld devices and interact with both the content being used and the in situ team. This system is due to be up and running at the Group's main strategic international destinations in the near future. It is already operational at Madrid's NH Collection Eurobuilding, the Group's first hotel to introduce this technology solution.High Tech Made Easy also encompasses 3D holographic technology, which NH also installed in a hotel for the first time on a permanent basis. This technology makes it possible to be truly present at an event or celebration even when physical attendance is not possible. Thanks to three-dimensional holograms, customers can tap their creativity and make presentations in a very high-impact setting.The company is in the process of pilot-testing its holographic telepresence technology in two cities: an initial version of the solution is currently available at the NH Collection Eurobuilding in Madrid and the nhow in Berlin. This move makes NH Hotel Group the first hotel chain in the world to implement this revolutionary hotel system, which enables impressive holographic presentations and live telepresence solutions by connecting up two or more hotel events."NH MEETINGS: inspire.create.enjoy."The new High Tech Made Easy service is part of NH Hotel Group's recently-presented offer for the meetings and events segment, a service proposal designed to ensure that the company hosts unique, professional events, executed with passion and capable of creating memorable experiences, as summed up by the slogan, "NH MEETINGS: inspire.create.enjoy." Inspired by its customers' wishes and needs, the new value proposition for this segment is solid and comprehensive, and has been standardised across all its establishments around the world. The meetings and events segment represents around 25% of the Group's revenue and is playing a strategic role in consolidating the company's global footprint.The elements comprising NH's value proposition for this segment include the Ambassador Service, Specialised Advisory Service, Customised Professional Response, Eco-Friendly Meetings, free and easy Wi-Fi, Tempting Breaks (unique, varied and healthy gastronomic offering) and, now, High Tech Made Easy. All under the philosophy that anything is possible, an approach to customer and guest relations which NH has dubbed, 'Always Yes!'. In a nutshell, the idea is that the customer imagines its meeting or event and NH Hotel Group makes it happen by offering qualified support throughout the entire event management process, including technical and professional assistance on the ground to ensure flawless execution and meeting rooms which are equipped and ready in advance of the big day.All these concepts form part of NH Hotel Group's current offering in this segment, framed by the overriding goal of offering customers a unique and value-adding experience: NH wants its meeting and event users to come away convinced that they have teamed up with the best partner.About NH Hotel Group NH Hotel Group (www.nh-hotels.com) is Europe's third-ranked business hotel chain. It operates close to 400 hotels with almost 60,000 rooms in 28 markets across Europe, the Americas and Africa, including top city destinations such as Amsterdam, Barcelona, Berlin, Bogota, Brussels, Buenos Aires, Dusseldorf, Frankfurt, London, Madrid, Mexico City, Milan, Munich, New York, Rome and Vienna.

NH signs an agreement with HNA to enter in China

NH Hotel Group ·26 September 2014
NH Hotel Group signs a memorandum of understanding with HNA for the joint management of a significant portfolio of HNA and third-party hotels in the middle and upper-middle segments of the Chinese market in the years to comeThe new company, to be named HNA-NH Hotel Management Joint Venture Company, would initially assume management of six of the Chinese group's hotels, encompassing 1,312 rooms, which are operated under various HNA trademarksThe new company will design a prototype hotel for tackling growth in the market under the NH brand and will define a strategic plan to boost its developmentBoth companies would benefit from NH's management, reward and booking systems as well as its brand, while leveraging HNA's know-how and local contacts to identify the best locations and professionals within the Group in the Chinese marketAs part of the bilateral trade summit underway between Spain and China with a view to bolstering commercial ties between the two countries, Spanish President Mariano Rajoy and his Chinese counterpart Li Keqiang presided over execution of the strategic memorandum of understanding between NH Hotel Group and HNA in Beijing, marking a significant step ahead in the framework agreement reached by the two companies in early 2013.The two parties have the intention of setting up a jointly-owned company to be called HNA-NH Hotel Management Joint Venture Company and headquartered in Beijing. The joint venture's corporate purpose would be to build a portfolio of hotel management contracts in the middle and upper-middle segments in the territories of China, Hong Kong, Taiwan and Macao, owned by HNA or by third parties. This business approach fits with NH Hotel Group's strategy of pursuing growth using capital-light formulae such as the management of hotels owned by third parties.Initially, the new company would take over the management of six of the HNA group's hotels. These establishments are located in Beijing, Haikou, Sanya and Tianjin and between them encompass 1,312 rooms.The two companies also plan on designing a prototype hotel for operating in the Chinese market under the NH trademark which would serve as the model for spurring the joint company's business development. The parties would also formulate a strategic business plan for the years to come, laying out the joint venture's roadmap and boosting its growth.Federico Gonzalez Tejera, CEO of NH Hotel Group, said "I'm fully convinced of the positive impact and benefits of leveraging the synergies between the two companies, such as the chance for NH to get its feet wet in one of the world's biggest markets without getting distracted from its current overriding strategic targets". Indeed, the transaction would be compatible with the five-year business plan on which NH continues to make very solid progress: the company would put in place a standalone team to carry out the Chinese venture's business activities, thereby enabling the rest of its professionals to continue to focus unwaveringly on delivery of the company's priority targets. The joint venture, which would be 49% and 51%-owned by NH and HNA, respectively, would be incorporated with initial share capital of USD20 million, out of which NH would provide USD4.9 million at the time of incorporation. If necessary, and so agreed, NH would make a second capital injection, of the exact same amount, in two years' time. The joint venture's incorporation would be subject to receipt of the required authorisations and permits from the Chinese authorities. As part of the negotiations concluded in early 2013, the two companies signed a framework strategic agreement which, on the one hand, saw HNA take an equity interest in NH Hotel Group, investing EUR234 million to become NH Hotel Group's largest shareholder, and, on the other, marked the start of talks for the creation of the joint venture that would enable NH Hotel Group's entry into the Chinese market. Lastly, the framework agreement called for the creation of a commercial alliance for fostering cross-selling opportunities; satisfactory progress is being made on this last front, with NH's hotels being marketed to HNA's passengers as recommended establishments.

NH Hotel Group will increase its presence in France with an exclusive hotel in Marseille

NH Hotel Group ·25 September 2014
The hotel will open its doors in 2017 in a privileged location in the city centre -La Republique street-, very close to the country's largest commercial port and in surroundings that are easily accessed from the train station and the airportThe NH Collection Marseille will have 176 rooms under the premium brand of the hotel group, which is designed to meet the demands of an exacting customer profile seeking exceptional standards of comfort and service in strategic locationsThe amount of congresses held in the city, the large volume of both leisure and business travellers and the excellent infrastructure and connections are all key factors in NH Hotel Group's opting for Marseille to continue its development in FranceNH Hotel Group, the third business hotel chain in Europe, has signed an agreement with the group ATEMI, that act in the name of various investment funds, for the development of a hotel project that will open its doors in 2017 in Marseille, the second most important city in France. This project evidences the Group's ambition of broadening its presence in France, where the Company plans on increasing its portfolio in Paris and in other major cities such as Marseille, Lyon, Nice, Lille, Bordeaux or Toulouse as well as in the main airport surrounding areas though it's brands NH Collection, NH Hotels and nhow. The hotel, which will be located on one of the city's main streets - La rue de La Republique-, will occupy a building in process of renovation at only 350 metres from the third largest port in Europe. The economic, industrial, cultural and commercial activity of the city, as well as the central location where the hotel is to be established in the heart of the urban development area named Euromediterranee, accessible in twenty minutes from the airport and only ten from the Gare Sain Charles train station, make this project a great opportunity for NH Hotel Group, which will open in Marseille the first hotel under its NH Collection premium brand of France. NH Collection hotels are establishments within the upper-upscale segment that are characterised by offering excellent standards in comfort, a wide range of custom products and services, and personal and friendly treatment, not only to satisfy the needs of those seeking this service but to naturally exceed the expectations that they may have of the hotel and its service. The NH Collection Marsellie will have 176 rooms, three meeting rooms, a fitness centre and a wide range of services that are characteristic of NH Hotel Group.Its extraordinary location in the centre of one of the cities with the highest commercial and tourist capacity on the French coast, its excellent connections to places of interest, and the metropolis' transport services have supported NH Hotel Group's choice for continuing its expansion in France, which is a strategic country for the company during the next few years.About the ATEMI ATEMI SAS, created in 1992, invests and manages real estate assets in France in the name of institutional investors. The assets that the group manages ascends to EUR1.8 billion with a total administrated surface of 308.000m2 (70% office, 12% commerce, 6% residential, 12% logistical), EUR86.4M in leases and EUR25M in rental expense management. It also specializes in the refurbishment of building destined for offices, shops, homes, hotels, student residences and elderly homes.

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