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  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

  • Success in the Sunshine State: Highlights from HFTP's 2018 Florida Regional Conference

    The beautiful Sarasota Westin Hotel — with its bright white facade, multitudinous windows and stunning rooftop pool area — made a very picturesque setting for the 2018 HFTP Florida Regional Conference, which took place July 25–27, 2018.

  • Annual Convention 2018: A True HFTP Experience in the Land of the Kentucky Derby

    On the bank of the Ohio River in the east south-central region of the United States looms Kentucky’s largest city, Louisville — home to the famed Kentucky Derby horse race, Kentucky Fried Chicken (KFC) and Louisville Slugger baseball bats.

  • Members Only: IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

How North American Resorts Are Expanding Into Cities [Download Construction Report]

TOPHOTELPROJECTS · 8 June 2018
Now, however, Margaritaville has announced plans that it would be opening a new hotel in New York's central bustling hub of Times Square by the end of the year 2020, complete with 234 rooms that will be available to guests."Within New York City, Times Square was always the destination that made the most sense," said Margaritaville Holdings CEO John Cohlan. "But we're really about walking into an environment that takes you away. If you walk into our Hollywood [Florida] lobby, it doesn't scream 'beach' at all. It's about relaxation, fun, something that's social."This strategy, however, isn't unique to Margaritaville. It's actually part of an ongoing trend sweeping the hospitality industry.DOWNLOAD NORTH AMERICA FREE CONSTRUCTION REPORTMore Resorts Expanding Into Urban AreasIn addition to Margaritaville's expansion into the heart of New York City, other hospitality providers are making similar moves. Last month, for example, Kerzner International Holdings' One&Only Resorts announced the formation of its own Urban Resorts division, which already has plans to open a hotel as part of the mixed-use project One Za'abeel, which is slated to be completed in Dubai sometime in 2020.Meanwhile, last October, Aman, which has long specialized in operating resorts in exotic locations across Europe, Asia and Africa, announced plans to open its own first New York City property in 2020.The North American Market OverallWhile companies known primarily for resort properties moving into New York City is a relatively new phenomenon, the hospitality market as a whole has been growing overall in North America for some time, according to numbers from the TOPHOTELCONSTRUCTION database.In fact, a report from the TOPHOTELCONSTRUCTION database in April shows that the entire continent boasts a healthy and robust project pipeline, one that currently contains 5,703 hotel projects that once completed will yield a total of 1,340,643 new rooms for guests.Currently, about 12 percent--or 138 projects with 21,623 rooms--are in the pre-opening phase, while another 40 percent are under construction, 34 percent are within the planning process, 11 percent are in pre-planning and 3 percent are just in the very preliminary vision phase.Either way--be it by continued expansion in New York City or the more traditional resort hospitality route--the immediate future is bright in the North American hospitality market.Let's take a look at a few other projects currently underway in North America:Edition Hotel Times SquareThe tower, dubbed 20 Times Square, will rise 517 feet above street level and will contain 269,769 square feet of commercial space ...[READ MORE]Rosewood Miramar Beach MontecitoSpread over nearly 16 acres of prime beachfront real estate, Rosewood Miramar Beach Montecito will offer a total of 161 guestrooms, of which 124 will be guestrooms and 37 will be suites, many of which will be located in single-story cottages and bungalows ...[READ MORE]Cabrits Resort Kempinski, DominicaCabrits Resort Kempinski, Dominica will be a hideaway resort that will rank amongst the best in its class in the Caribbean. ...[READ MORE]More information on hotel projects in North America can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Frasers Hospitality Prepares to Almost Double Footprint in China

TOPHOTELPROJECTS · 7 June 2018
Frasers Hospitality, which is an active member of Frasers Property Group, has recently announced the grand opening of its Fraser Suites Dalian. This announcement and subsequent opening comes relatively soon after the company opened four properties in Changsha, Tianjin and Shenzhen last year. Experts say that the global hospitality operator is seeing strong recent uptake indicators for its portfolio of brands, and that it actually expects to grow its inventory by roughly 85 percent over the next few years to come, thereby expanding to 30 properties across China.Fraser Hospitality's Latest OpeningFrasers Hospitality's latest opening in Dalian, which is nestled in the financial center and the industrial boomtown of Northeast China, will be strategically located in a way that allows it to harness the port city's economic opportunities as well as to begin take advantage of its growing tourism industry. In addition, there are a diverse number of key industries to be found in Dailan, including petroleum refining, machinery manufacturing, shipbuilding, digitalized technology, and biological engineering. Dalian also is reported to have welcomed a grand total of more than one million overseas tourists during the calendar year of 2017, and experts have also said that this figure will likely continue to grow steadily, clocking in at an average of 3.8 percent.Learn More About the Fraser Suites DalianThe new 259-unit Fraser Suites Dalian will rise above the new Donggang business district that is located there, giving that property somewhat of a prime position that will allow it to cater to the burgeoning hospitality needs, both those of the business and leisure travelers in the market. Despite only beginning its operations for slightly more than a month, this property has already seen a positive take-up rate among its guests, including those on long leases of one to two years. It was also the official hotel for the 31st Dalian International Marathon this month.Offering picturesque harbor views as well as direct access to the city's new subway line and other crucial public infrastructure, the fully furnished serviced apartments that are now available range in size from studios to three-bedroom designations. An executive floor that comes complete with dedicated services for business travelers, a library lounge and meeting rooms make for communal spaces that are conducive to getting some work done, while leisure options are also plentiful thanks to facilities such as an indoor heated pool, 24-hour gym, billiards room, children's play area, restaurant and more.Let's take a look at a few other projects currently underway by Frasers Hospitality Group:Malmaison Hotel York Malmaison is planning to transform the former Aviva building on Rougier Street, in the city centre, into a hotel. ...[READ MORE]Capri by Fraser Leipzig Two new hotels are planned on a site in the historic centre of Leipzig. They will be called Capri by Fraser Leipzig and Premier Inn Leipzig. ...[READ MORE]Capri by Fraser, Johor Bahru Urban inspired, high-tech and intuitive, Capri by Fraser empowers residents with a menu of intelligent services to choose the way they want to rest, relax and recharge ...[READ MORE]More information on hotel projects by Frasers Hospitality Group can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Saudi Arabia prepares to receive more tourists [INFOGRAPHIC]

TOPHOTELPROJECTS · 6 June 2018
The Middle Eastern state of Saudi Arabia is gearing up for some serious development in the coming years. We take a look inside the busy project pipeline for Saudi Arabia over the next few years.Saudi Arabian appealSaudi Arabia is perhaps not as associated with tourism as its neighbours Dubai or Qatar, but tourism in the area has been increasing in recent years. Previously, most of the visitors to Saudi Arabia came on religious pilgrimages, to visit the many sacred sites located in the country. Mecca in particular draws over three million pilgrims during the month of Dhu al-Hijjah in Hajj, and around two million during the month of Ramadan in Umrah, two Muslim festivities according to the Islamic calendar. A swathe of new hotel projects in the pipeline points to a growing tourism industry, and the next few years are set to be busy for the wealthy Middle Eastern country.Project PipelineOver the next few years, between 2018 and 2021 and beyond, a total of 144 new projects are slated to be built, most of them concentrated in the Saudi Arabian cities of Riyadh, Jeddah and Makkah, each of which will receive 40, 34 and 22 new hotels respectively. These 144 hotels will bring an additional 56,106 new guest rooms and suites to the Middle Eastern country, helping to greatly increase the accommodation offerings for potential tourists who plan on visiting.Being that Saudi Arabia is a wealthy nation with some of the most luxurious properties in the world, it is perhaps no surprise that the new hotels will be high end properties. 85 projects will be of a first class standard, while the remaining 59 will be luxury hotels. This year will see an incredible 64 new hotels opening their doors to the public, while next year will bring an additional 44 properties to Saudi Arabia's hotel roster. 15 hotels will open in 2020, and a further 21 projects are planned for 2021 and beyond. Most of the project are currently under construction, with building works happening on 63 projects right now. Planning and pre-planning stages are in progress for 41 and 9 hotels respectively, while 31 projects are in the pre-opening stages.Let's take a look at a few projects currently underway in Saudi Arabia:Dammam Marriott Hotel and Apartments The Dammam Marriott and the 50-unit Marriott Executive Apartments, Dammam will be located at the intersection of Khalij and Amir Muhammad Bin Fahad Bin Abdul-Aziz Roads ...[READ MORE]One&Only Resort Jeddah This resort will combine a health spa and world-class dining with expansive meeting facilities to create a 95,000m business and leisure epicentre in Obhur ...[READ MORE]Sofitel Riyadh - King Abdullah Foundation HotelSet in an ideal location in a fast-growing area of the capital city, in close proximity of many key business drivers such as the central business district on King Fahad Road, the King Saud University and the Diplomatic Quarter ...[READ MORE]More information on hotel projects in Saudi Arabia can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Experts Weigh in on Hilton's Ambitious Sustainable Tourism Plans [Chain report included]

TOPHOTELPROJECTS · 4 June 2018
For nearly two decades now, the biggest companies in the global hospitality industry have been working to figure out new and innovative ways to make their properties as environmentally friendly as possible.A recent discussion among industry experts found, however, that actually achieving long-term sustainability goals that impact the environment in a positive has proved elusive for many major hotel operators and brands. New consumer research commissioned by Hilton, however, may hold some answers for how the overall hospitality industry can promote and sustain eco-friendly forms of tourism.DOWNLOAD HILTON PROJECT PIPELINE FREE REPORTHilton's Sustainability ResearchEarlier this month, Hilton surveyed nearly 72,000 guests that stayed at their properties throughout the globe. This survey sought to find out what these guests thought in regards to the impact of social, environmental and ethical issues related to their buying and booking behaviors when they travelled.What the survey found is fascinating. Apparently, a strong majority of guests who responded to the survey (62 percent) reported that they would switch to a different hotel brand if the brand they usually buy from now ended up being in the news for unethical reasons, and they would act this way even if doing so meant they had to pay more money for different accommodations.A majority of these hotel consumers (56 percent) also said they would intentionally buy products deemed to be fair trade, organic, local, or not ever tested on animals. However, it should also be noted that the majority of respondents (67 percent) said they do not seek out information about hotel brand's environmental or social efforts before they book. Still, even so 20 percent of the survey respondents said that they do and 13 percent even went so far as to say that they would actively seek out the information if hotel companies shifted toward making it more easily accessible for them to find when they were booking.Reaction to the ResultsThe results did not seem to surprise tourism sustainable experts, who have said that these findings are in keeping with those that were revealed by other corporate sponsored studies. Also, survey data is encouraging and can serve as a guidepost for how guests think they act, but it is not a full substitute for studying the actual actions of guests, rather than just the ways that they answer survey questions.As a result, while many hotel brands have discussed or moved toward making their properties more sustainable, it's often challenging for them to actual implement wide-spanning and impactful plans.Let's take a look at a few other projects currently underway by Hilton:Hilton Catania Capo Mulini The hotel Perla Jonica village of Acireale, Sicily, will be named the Hilton Hotel Capo Mulini. The hotel will have an event space spread over 2,500 m2 ...[READ MORE]Hilton BudapestRenovation of the Hilton Budapest in more phases. During refurbishment open. ...[READ MORE]Hilton Riyadh Hotel & Residences Located on Riyadh's Eastern Ring Road, a major corridor linking King Khalid International Airport with the downtown area ...[READ MORE]More information on Hilton hotel projects can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Why Latin America is an Underrated Hospitality Market [DOWNLOAD CONSTRUCTION REPORT]

TOPHOTELPROJECTS · 1 June 2018
Latin America is a consistently underrated hospitality market, one where in recent years hoteliers have come to identify a host of opportunities as well as occasional hurdles that still remain in their way when it comes to developing new properties in the region.DOWNLOAD LATAM HOTEL CONSTRUCTION REPORTInvestors who are considering putting their money into hospitality project in Latin and South America would do well to verse themselves in both, of course, experts have said. Indeed, information from the TOPHOTELCONSTRUCTION database certainly paints the picture of an up and coming hospitality region that is on the cusp of having its big moment in the sun.In fact, according to numbers from the TOPHOTELCONSTRUCTION database, there are currently 314 projects in Latin America's project pipeline, which once they have been completed will yield a total of roughly 72,065 rooms. The database also seems to indicate that growth will happen sooner, rather than later, with a massive 48 percent of Latin America's upcoming projects being scheduled to come to completion within this calendar year, yielding as many as 32,186 rooms for the region during 2018. Currently, the database also shows that 46 percent of the overall number of projects are presently under construction.With that in mind, let's take a look at prospects for some of the individual countries within Latin America.ChileChile's economy is small relative to the dominant powers in the region such as Argentina and Brazil, but it the country has continually drawn praise as a safe and stable haven for investment dollars. There is a new presidency underway in Chile, but experts have said they do not expect any major changes to the ongoing stability of the country.Chile's hospitality market is thriving in part due to the nature of the diverse experiences that guests can find there, from the metropolitan hub in Santiago to the hiking and other ecotourism available in the far south of the country within the world-famous region of Patagonia. Chile also has certain conditions that make parts of the country among the most viable in the world for astrotourist who want to look at the stars.ArgentinaArgentina has long offered considerable upside and opportunities to investors, although as of late experts have said there is some growing concern surrounding the country, more than there has been in the recent past, anyway.Experts have said there is a complicated environment for hotel projects in Argentina, but that the long-term prospects are still quite exciting for investors. This long-term rosiness is said to stem from the country's large population and excellent infrastructure.PeruAccording to many experts, growth opportunities can easily be found within the secondary markets in Peru.While there are a wealth of local investors in the country itself, experts also say that conditions in Peru are ripe at the moment for larger brands to grow their footprints there by asserting themselves. At present, residential travelers in Peru are also a larger market than foreign inbound travelers tend to be.Let's take a look at a few other projects currently underway Latin America:Hotel Capitalinas Bariloche Under the concept " everything in one place only " Capitalinas Bariloche incorporates a Sektor for the development of an exclusive hotel which comprises a total of rooms and a variety of amenities. ...[READ MORE]Hilton Santiago Las Condes Hilton Santiago Las Condes will form part of the Parque Arauco Kennedy Shopping Mall complex expansion project. ...[READ MORE]TRYP Lima Miraflores The Tryp Miraflores hotel will have 140 rooms distributed in 10 floors, 5 basements, meeting rooms, restaurant, fitness room, among other services aimed at both leisure and business travelers. ...[READ MORE]More information on hotel projects in the LATAM region can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Marriott deepens relationship with Simon Malls

TOPHOTELPROJECTS ·31 May 2018
Marriott International is seeking to deepen their relationship with US retail and entertainment organisation Simon. Simon's malls and shopping centres will now feature more hotels by Marriott, and five new hotels are planned for the retails centres over the next few years. We find out more.Marriott and Simon become firm partnersPartnering with other industries has always been a solid bet for the hotel industry. As the face of an industry that is constantly changing, hoteliers and groups are having to think outside the box to in order to be able to maintain their offering and continue to attract guests. So it makes sense that Marriott, a group that it always at the frontline of innovation, has decided to deepen their partnership with Simon, a company that owns numerous shopping malls all across the US. Marriott and Simon have announced their intention to open five new Marriott hotels across different brands over the coming years. The hotels will be strategically located in areas where there is already heavy tourist traffic. Two will open in Florida, while New York, Texas and Tennessee will see one new hotel each. The new hotels will be as follows: AC Hotel by Marriott at Sawgrass Mills in Sunrise, Florida; an AC Hotel by Marriott at Dadeland Mall in Miami; a Courtyard by Marriott at Wolfchase Galleria in Memphis; a Residence Inn at Roosevelt Field on Long Island; and a Fairfield Inn & Suites at Firewheel Town Center in Garland, Texas.Established centres prime location for hotelsEstablished centres of commerce and retail are becoming more and more popular with hoteliers, who know they can take advantage of the existing footfall to fill up their properties. Eric Jacobs, Chief Development Officer, Marriott International, elaborates on this, saying, "With consumers increasingly gravitating toward walkable, mixed-use communities, opening new hotels alongside Simon's thriving retail destinations is an important part of Marriott International's growth strategy in North America. Simon's centres provide leisure and business travellers alike with access to shopping, restaurants, entertainment and an array of unique experiences outside their door, providing the perfect complement for our select-service brands such as AC by Marriott and Residence Inn." Marriott already has 15 properties associated with Simon's centres, but for Simon's part, the partnership dovetails into a strategy to add more experiential aspects to their complexes. This has also involved improvements to their common areas, such as food courts and plazas.Let's take a look at a few projects currently underway by Marriott International:Edition Hotel BarcelonaThe hotel will be in the city's Ciutat Vella district, close to the Cathedral of Barcelona and nearly adjacent to the Santa Caterina Market. ...[READ MORE]The Dixon The former Tower Bridge Magistrates Court and police station on London's Tooley Street are to become a hote ...[READ MORE]The St. Regis Kanai Resort, Riviera Mayaa new luxury resort on Mexico's Riviera Maya at Kanai, an exclusive master-planned beachfront community consisting of 4 luxurious hotels ...[READ MORE]More information on Marriott International can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Take a Closer Look at Poland's Hotel Project Pipeline [Infographic]

TOPHOTELPROJECTS ·30 May 2018
In fact, according to information from the TOPHOTELCONSTRUCTION database, the country currently has 44 projects in its pipeline. Once completed, these 44 projects will give the tourism market in the country a grand total of 8,378 new rooms to offer guests.In larger markets these numbers could potentially seem insignificant, but in Poland they are important.The Top Hotel Brands in Poland's Project PipelineWhat's also worth noting is which hotel brands rank as the most common in Poland's current project pipeline, according to the TOPHOTELCONSTRUCTION database.Those numbers show that Hampton by Hilton is at the head of the pack with 6 upcoming hotel projects that are scheduled to open soon in Poland. Behind Hampton by Hilton is Holiday Inn Hotels & Resorts which has 4 total projects in Poland's hotel pipeline, and third behind that is Puro Hotels Sp. z o.o., which at present has 3 projects coming soon in Poland.Of those soon to debut hotels, a whopping 55 percent will make their debuts in 2018, while another 30 percent are scheduled to open for business the following year in 2019, indicating of course that much of the currently projected growth in Poland is of the short term variety.A Look at Some Forthcoming Projects in PolandWhat is perhaps most useful for hoteliers is taking a closer look at some of the forthcoming hotel projects that are currently inside of Poland's project pipeline.The first is the Holiday Inn Warsaw Mokotow, which is scheduled to be completed in the second quarter of 2020. Once finished, it will offer 370 rooms for guests. Behind the scenes, Hospitality company InterContinental Hotels Group (IHG) and developer and investor 5th Avenue Holding have signed a franchise agreement for a new Holiday Inn-branded hotel in Warsaw. The Holiday Inn Warsaw Mokotow hotel will be located on the Mokotow district surrounded by the streets of Obrzezna, Cybernetyki, Rzymowskiego. Construction of the building is scheduled to begin in March 2018, and finish in the first half of 2020. It will house one of the largest conference rooms in the Polish capital, according to the TOPHOTELCONSTRUCTION database.Another hotel project worth knowing about is the InterContinental Warsaw, which is scheduled to be completed early next year with 350 new rooms for guests. The scope of changes includes the renovation of rooms and corridors, consisting in removing the previous arrangement and finishing the new space, along with the replacement of parts of the installation.Let's take a look at a few other projects currently underway in Poland:Baltic Park Molo II Zdrojowa Invest is preparing to build a hotel-apartment complex in Swinoujscie ...[READ MORE]Best Western Krakow Balice AirportThe hotel will consist of eight stories, one of which will be underground parking. During the construction will be applied ecological and energy-efficient solutions using rainwater and solar heating. ...[READ MORE]Radisson Blu Mountain Resort Szklarska Poreba The Radisson Blu Resort & Spa, Szklarska Poreba will be located in Jelenia Gora County. ...[READ MORE]More information on hotel projects in Poland can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Multiple Offers Compete for LaSalle Hotel Properties

TOPHOTELPROJECTS ·29 May 2018
First, the news came that Blackstone Group LP had agreed to buy the luxury hospitality company LaSalle Hotel Properties. Soon after, Pebblebrook Hotel Trust was reported to be continuing its own pursuit of the real estate investment trust, having subsequently upped its own offer.But even with Pebblebrook increasing its offer, reports indicate that LaSalle Hotel Property officials still expect to sell to Blackstone in the months to come. The reported agreement that has been reached sees that sale happening at $4.8 billion, with a news release stating that it would "acquire all outstanding common shares of beneficial interest in LaSalle."The LaSalle and Blackstone DealThe deal between LaSalle Hotel Properties and Blackstone Group LP would see Blackstone acquiring LaSalle for a cash price that comes in at $33.50 a share, with that deal being expected to close in the third quarter of 2018, pending the approval of the real estate investment trust's own shareholders.Where Pebblebrook comes in is that the company has been engaged in its own pursuit of LaSalle Hotel Properties for months, having most recently upped its own offer to $32.49 a share, which is an increase of 20 percent. That offer could have also been paid out in cash.Pebblebrook's Increased OfferFollowing the announced sale of LaSalle to Blackstone, Pebblebrook officials announced that it was proposing a new increased price of $36.49 per share and that 20 percent of that would still be in cash. It remains to be seen whether this increased offer will have any effect on the previously announced deal between LaSalle and Blackstone.The LaSalle portfolio includes 41 properties with more than 10,000 rooms in urban and resort markets. In the news release announcing the deal, Tyler Henritze, head of U.S. real estate acquisitions for Blackstone, noted that his company is "thrilled to acquire LaSalle and have the opportunity to invest in its high-quality urban hotel portfolio."LaSalle has more independent properties than most hotel REITs do, which was one reason a potential Pebblebrook-LaSalle merger seemed to make sense to Pebblebrook officials and industry analysts. The companies also have a shared history, with Pebblebrook President and CEO Jon Bortz previously working in the same capacity at LaSalle.LaSalle Hotel Properties currently has the following project underway:Citadines Rochor Singapore Citadines Rochor Singapore is part of an upcoming integrated development that will also comprise a retail podium. ...[READ MORE]More information on LaSalle Hotel Properties can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

The Apple Leisure and NH Hotels Partnership Expands Another All-Inclusive Brand in Europe

TOPHOTELPROJECTS ·28 May 2018
Roughly a month ago, Apple Leisure Group announced that it would be merging with Mark Travel. Now, the hospitality and leisure travel giant will be making more moves as it continues to build upon its ongoing efforts to expand its global business as well as its overall reach.Apple Leisure, which is based in Newtown Square, Pennsylvania in the United States, has now announced that it is entering into another strategic partnership, this time with the Madrid-based NH Hotel Group, which has been known to be amenable to such an agreement for some time. This deal will see the companies jointly operating a number of beachfront resorts that are located in Spain.Apple Expands in EuropeThis joint deal will have one near-certain effect: it will bring Apple's all-inclusive Secrets Resorts & Spas and its Dream Resorts & Spas brands to Europe for the first time ever, while at the same time helping to introduce a new brand: Amigo Hotels & Resorts, which from the get go is being marketing as a three-star, all-inclusive brand for guests.Apple's AMResorts division will oversee management and sales of the hotels, while NH will maintain operational management. The first four hotels under the partnership are slated to open their doors for business during 2019, with properties that will be located in Lanzarote, Fuerteventura, and Mallorca, all of which will be conversions of existing properties.The European Expansion for AMResortsMeanwhile, this also isn't the first time that AMResorts and NH Hotel Group have collaborated or worked together. In fact, in 2011 the two entities partnered on the development and opening of three resorts located in the Dominican Republic.NH Hotel Group has a reputation for being well-established all throughout the European hospitality market. The company has to its name 400 hotels that are spread throughout 30 different countries across the globe, many of which just so happen to be located in desirable regions such as major cities. AMResorts, meanwhile, is more so known for the quality of the all-inclusive resorts that it has in its own portfolio, many of which have desirable locations of their own spread throughout Mexico, the Caribbean, and South America. Currently, AMResorts is reported to have 52 total properties with plans to open 20 additional properties during the next few years or so.For AMResorts, expanding into Europe, especially in Spain where there is strong demand and presence for beachfront all-inclusive resorts, is strategically important"Spain is the gateway to the leisure segment in the Mediterranean Europe," said Javier Coll, executive vice president and chief strategy officer of Apple Leisure Group in a statement. "As the second most visited country in the world in 2017, the time was right to expand our footprint across the Atlantic Ocean and into Europe, beginning in Spain. Through this partnership, NH Hotel Group is helping us enter the most competitive and popular destinations in this country, as well as in the rest of the Mediterranean markets, such as Italy where NH has a strong presence."Let's take a look at a few projects currently underway by Apple Leisure Group:Dreams Buenaventura Panama Resort & Spa Ideally located in one of Panama's most exclusive beach communities, Dreams Buenaventura Panama will welcome couples and couples with children to the first Dreams Resort & Spa in this magnificent destination ...[READ MORE]Zoetry Isla Di Oro Aruba The resort will be one of the first properties in the Caribbean featuring overwater bungalow-style accommodations. ...[READ MORE]More information on Apple Leisure Group and AMResorts can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Top 5 extravagant hotel designs

TOPHOTELPROJECTS ·24 May 2018
Some hotels are all about design. Whether it is for Instagram-friendly moments or because the client favours architectural purism over embellishment, certain hotels are overflowing with design-led features. We take a look at some of the most extravagant designs in hotels around the world.Aqua Dome Hotel, AustriaThis 4-star spa and wellness facilities is located smack bang in the middle of the Austrian Alps, and this impressive mountain range has been the inspiration for this quirky and over the top hotel. The crowning moment of exaggeration in this hotel comes in the outdoor pool area, where a number of outdoor pools levitate in semi-circular bowls with conical structures that are intended to mimic the mountain peaks in between them. In winter, the effect of steam rising off these pools is atmospheric, and almost eerie, as if steaming alien ships have landed on Earth.Amangiri Resort, Utah, United StatesAnother hotel where the pool takes centre stage is the Amangiri Resort in Utah in the US. Located in the middle of the Utah desert, this hotel makes a feature out of the region's famous rock formations and has made an undulating rocky bluff the centrepoint of the pool design. Visitors can lounge poolside while taking in the spectacular desert setting by being surrounded by its grandeur.Hotel Ovolo Nishi, Canberra, AustraliaFormerly known as Hotel Hotel, this property recently made a brand switch to Ovolo, but it has lost none of its impressive design features. Located within the Nishi residential building, the hotel announces its design credentials from the outset, with an impressive geometric canopy welcoming visitors into its sophisticated interior. Concrete reigns supreme inside, as does timber, and guests will be treated to visual delights as these materials manifest themselves in different forms across various sectors of the hotel.Plaza Athenee Hotel, Paris, FrancePart of the luxury Dorchester Collection, this 5-star hotel really goes all out when it comes to exaggerated design. Located on the prestigious Avenue Montaigne, visitors can come and experience the best the French capital has to offer. Where the hotel really shines is in its restaurant, which has taken opulent design to the next level. The ceiling is awash with twinkling crystal chandeliers, while the seating in the dining room consists of mirrored, circular banquets that give the effect of giant baubles that reflect everything to give the visitor an immersive design experience.Four Seasons Toronto, Toronto, CanadaA sense of calm is palpable immediately as guests enter the lobby of the Four Seasons Hotel in Toronto. Series of delicate wooden screens break up the space, and the reception desk is backed by a wall of luxurious marble that reaches all the way to the ceiling. The emphasis is on the vertical, and visitors are humbled by the scale of the space, but brought back to earth by the intricacy of the design that surrounds them in the details.Let's take a look at a few projects currently underway, which are high on design:Resorts World Las Vegas A long-delayed multibillion-dollar casino-resort project on the Las Vegas Strip that would cater to the city's Chinese tourism ...[READ MORE]Moxy DC HotelThe 13-story hotel will feature a live Instagram Wall capturing real time images from Moxy travelers worldwide ...[READ MORE]Art'otel London Battersea Power StationThe luxury lifestyle hotel will offer incredible guest amenities with a number of show-stopping skyline floors boasting panoramic views leading up to the stunning Roof Garden ...[READ MORE]More information on hotel projects can be found on TOPHOTELPROJECTS, the specialized service provider of cutting-edge information of the hospitality industry.

As Pipeline Evolves, Financing for UAE Projects Becomes Choppier [Infographic]

TOPHOTELPROJECTS ·23 May 2018
As of late, however, it appears that the hospitality segment in the country has grown to the point that it must now include properties from other segments. As a result, experts say that investors have begun to seek innovative ways of getting assets to market there while at the same time continuing to ensure the maintenance of payment and cash flow.Another Big Year for Hotels in the UAEThis year is on track to be yet another record-breaking year for the signings and deals in the United Arab Emirates, and as a result it will require an increase of financing to match, according to hospitality industry experts.Speaking at a panel at last month's Arabian Hotel Investment Conference, Andrew Lindley, who is the finance director for Action Hotels, said that he has of late seen good support from national and regional banks."We've opened seven hotels in the last three years, and all have needed financing. We're seeing different financing products and structures," some of which are slowly creeping in from more mature markers, Lindley said. "In more developed countries, options include interest-only or 100% bullet payments, and that is hopefully where the market is going. As owners, we are pushing for that."The Best Deal StructureThe most important question is perhaps what is the best deal structure for those looking to invest in the hospitality market in the United Arab Emirates.Alejandro Martin, senior investment banker at Abu Dhabi Commercial Bank, was on the same panel as Lindley, and he recently weighed in on that topic."A 3- or 4-star deal for a product that attracts recurring visits and this cash-flow generation," Martin said. "That can be a difficult one to judge, but it comes with hard equity, not just land, and of course some brands provide extra value."Lindley, meanwhile, said that hotels on the whole as an investment offer a level of staying power that generally make them a great deal."Develop hotels to have them stay standing," he said. "Hotels depreciate over 50 years. Bullet deals are the recognition the property can stay there. Match the client and their reputation with the development and the period of time it will be standing."One thing seems to be for certain, however, that the investment opportunities for hospitality in the United Arab Emirates will continue to be lucrative and complex moving forward.Let's take a look at a few projects currently underway in the United Arab Emirates:The Langham, Palm Jumeirah, DubaiCatering to couples and large families, the resort will have well-appointed one- and two-bedroom suites that range from 63 to 236 square meters; some of them will feature individual plunge pools. ...[READ MORE]Delano Dubai at The8The property will be situated on Palm Jumeirah and will form part of the mixed-used resort development known as The8. ...[READ MORE]Edition Abu DhabiThe Abu Dhabi EDITION will be part of the prestigious Al Bateen Harbor complex within the Abu Dhabi Marina, an upscale mixed-use development including luxury residential and retail. ...[READ MORE]More information on hotel projects in the United Arab Emirates can be found in the TOPHOTELPROJECTS database.

Five New Hotels Coming in May from Small Luxury Hotels of the World

TOPHOTELPROJECTS ·22 May 2018
Small Luxury Hotels of the World (SLH) has added five new properties, the company announced this month.Of these five new properties, four are newly-opened hotels. They will, of course, fit right in with the company's existing portfolio of independently-minded hotels that are located in major destinations throughout the world. Through these properties, guests will be able to bask in the sun in Santorini, or stay in the heart of Bangkok's bustling tourist district, or take in the sweeping vistas of modern and stylish Shanghai, or even enjoy a piece of history at a Chateau in Chambord, to say nothing of being able to indulge in one of the world's most famous fashion houses.Put simply, Small Luxury Hotels of the World now has a diverse collection of new properties that is sure to excite any and all travelers.Meet One of the New HotelsAs mentioned above, one of the new properties is to feature the breath-taking views one finds in the awe-inspiring Chateau de Chambord, thanks to the newly opened Relais de Chambord, which combines heritage and well-being within a notable historic setting.Surrounded by private gardens designed by Christian Fournet, the country hotel brings together natural elements and warm atmosphere less than two hours from Paris. The house offers six categories of rooms overlooking the Chateau, Le Cosson River, Place Saint Louis or the forest of Domaine National and are adorned with lush velvet, wood and ceramics. Enjoy the grounds with a walk to the chateau, take a boat ride on the river or relax in the private spa.More About Small Luxury Hotels of the WorldSmall Luxury Hotels of the World is company that does not believe bigger is better, instead focusing on quality over quantity. It's essentially a wide and varied network of small hotels that leave a unique personal touch and a lasting impression.The network seeks out little hotels gems that offer genuine, one-of-a-kind experiences - it could be lashings of luxury at a palatial mansion or barefoot bliss on a desert island. Guests can crave the bright lights of the big city, or long for star-lit nights at a remote resort. The main advantage the network has to add is variety.The company currently brings together more than 500 luxury hotels in 80 countries.Let's take a look at a few other castle-hotels currently under construction:Legoland Castle Hotel Plans have been announced to build a Castle Hotel at LEGOLAND Billund, the original LEGO based theme park. ...[READ MORE]Dusit Thani Castle FushunThe hotel will form part of the Hot Go Entertainment Park, a new 3.5km2 attraction that will also include a theme park, water park, ski resort, 18-hole golf course, hot springs and luxury villas. ...[READ MORE]Killeavy Castle Estate The plans include a spa, restaurant and cafe. The Hotel and Wellness Centre will be built on the site of what once were the Killeavy Castle coach house, mill and farm buildings, and will sympathetically incorporate many of their historic features. ...[READ MORE]More information on hotel projects can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Brand saturation: hospitality's biggest challenge

TOPHOTELPROJECTS ·21 May 2018
Brand proliferation causing confusionGiven the current climate of big name hotel companies acquiring smaller branded hotels at a rate of knots, it can be tricky to tell which brand belongs to which group. Big names such as Marriott or Accor Hotels are not only scooping up existing hotels to expand their portfolios, they are also constantly creating new brands under their wide-reaching umbrella. So it is no wonder that many experts in the hotel industry fear an over-saturation of brands on the market. Leaders of the main hotel groups that are perpetuating this trend seem to operate on the basis that there is no limit to the number of brands a company can administer. Tina Edmundson, Marriott International's global brand officer, says, "There is no such thing as too many brands. It's like being too skinny or too rich," while AccorHotels CEO Sebastien Bazin says, "Anyone telling me 'You should limit the number of brands,' I think, is bullshit." These companies are trying to garner more of a market share so they can be more competitive, but it can be hard to differentiate between brands when they are all run by the same company. Carving out a particular identity for a brand is one of the biggest issues when smaller brands become subsumed by big companies.Small hotel owners have cause for concernHowever, this is not how everyone in the hospitality industry feels about the proliferation of hotel brands. Hotel owners are sceptical about what this means for their industry. Some smaller hotel groups are wary of having too many brands, such as the Radisson Hotel Group, who operate eight brands compared to Marriott's 30 or Accor's 24. Radisson's Ken Greene says, "Our pie may be smaller than the big guys, but we have a very compelling value proposition for an owner. They don't have to worry about us bringing in another property in the same space. I hear a lot about how consolidation in the industry is good -- the larger you are, the more leverage you get -- but at some point, there are diminishing returns on that. At some point, it can work against you. Our focus is growing the top line for owners." Having a smaller group of brands also makes it easier to build stronger brand identity and to prevent competition between brands that are owned by the same group.Future of brand accumulationWhile the debate will continue to rage for the foreseeable future, relentlessly acquiring brands does not seem like a sustainable solution for an industry that is changing at a rapid pace. With the rise of lifestyle oriented brands and experiential hotels, the traditional idea of a brand may no longer chime with what guests are expecting and demanding. It remains to be seen what direction accumulating multiple brands will go in when the definition of a brand is no longer what it used to be.Let's take a look at a few other projects currently underway by some big brands:Radisson Blu TsinandaliTsinandali lies in the province of Kakheti, one of the most popular tourism regions of Georgia ...[READ MORE]Movenpick Hotel & Conference Centre Abuja The proposed Queen Amina Gardens is a 19-hectare project of mixed-use development ...[READ MORE]Edition Hotel BarcelonaThe hotel will be in the city's Ciutat Vella district, close to the Cathedral of Barcelona and nearly adjacent to the Santa Caterina Market. ...[READ MORE]More information on hotel brands can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Which Hotel Brand has the Most Projects in the United States Pipeline? [Infographic]

TOPHOTELPROJECTS ·17 May 2018
This may come as a surprise to some, but the answer to which hotel brand has the most projects in the United States' pipeline is aloft Hotels, Marriott International's super hip property that is largely aimed at millenial guests.That's right, at present there are currently 40 aloft Hotels in the United States' project pipeline, making that brand the leader. Next in line in terms of the most prolific brands is Cambria Hotels, which currently has 33 projects on the way in the United States. While third on the list is possibly the least surprising entry for those who are familiar with the North American market: Hampton Inn, which as 32 projects coming soon but is less of a newcomer to American cities.All of these numbers come courtesy of a recent report from the TOPHOTELCONSTRUCTION database.The U.S. Hotel Project Pipeline OverallOverall, the hotel project pipeline in the United States is a healthy one, with 1,030 projects coming soon. Once opened, these hotels will bring the market in the country a grand total of 209,778 rooms to offer guests.A whopping 74 percent of these hotels fall into the first class category while the other 26 percent have been designated as luxury properties, according once again to the TOPHOTELCONSTRUCTION database. It's also important to note that 544 properties--which constitute 53 percent of those in the pipeline--are scheduled to make their debuts in the year 2018.More About aloft Hotelsaloft Hotels was first conceived by Starwood back in 2005, as a hipper addition to a roster of brands that already included Sheraton, Westin and W Hotels. The idea was that Aloft would be an option that would give Starwood a market of more contemporary hotels, or, as that market is now called, boutique hotels.When Aloft first made its debut, it was designated in marketing as "A Vision of W Hotels," and to make it happen, Starwood worked with the architectural company Rockwell Group on the design.Aloft started its life in North America and has since been taken to other parts of the world. Now, the brand currently has locations in Australia, Belgium, Canada, China, Colombia, Costa Rica, England, Germany, India, Malaysia, Mexico, Panama, Paraguay, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates and Uruguay.Let's take a look at a few projects currently underway in the United States of America:Edition Hotel Times SquareThe tower, dubbed 20 Times Square, will rise 517 feet above street level and will contain 269,769 square feet of commercial space ...[READ MORE]Rosewood Miramar Beach MontecitoSpread over nearly 16 acres of prime beachfront real estate, Rosewood Miramar Beach Montecito will offer 122 guestrooms and 48 suites, many of which will be located in single-story cottages and bungalows ...[READ MORE]Andaz Hotel Palm SpringsProposed luxury hotel and retail shops at the corner of North Palm Canyon Drive and Alejo Road. The hotel will be branded as an Andaz hotel. ...[READ MORE]More information on hotel projects in the United States of America can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

New Marriott Homesharing Website Takes on Airbnb

TOPHOTELPROJECTS ·17 May 2018
Marriott International is, of course, the single largest hotel company in the world, and now it is moving to take on Airbnb by meeting it on its home turf. That's right, Marriott Interational will soon be offering its own website in the homeshare market.Meet Marriott's Airbnb CompetitorMarriott launched Tributeportfoliohomes.com in April of this year, and when it did, the company did so with a selection of more than 200 specially selected homes in the United Kingdom's largest city, London. The service is initially intended to be a six-month pilot program conducted in as a partnership with Hostmaker, which is itself a home rental management service that is based in London.Guests who use the service can expect to received additional extras such as a guaranteed in-person check-in experience, as well as a 24 hour a day, 7 days a week phone support system designed to help visitors out should they experience any problems during their stay.One major advantage to this service is that those who use it will also received loyalty points for Marriott Rewards and Starwood Preferred Guest customer loyalty programs. The benefits of customer loyalty programs has long been seen as a key advantage that large hospitality companies such as Marriott continue to hold over the upstart Airbnb.The Marriott DifferenceTo be sure, other hotel chains have made forrays into the homestay market. A major difference in what Marriott is doing, however, is that Marriott is not creating an entirely new brand. In fact, it's not even relying on the Hostmaker name to sell its products.No, what Marriott is doing instead is using one of its already extant brands, the aforementioned Tribute Portfolio, which is a successful collection of 28 independent hotels with a diverse set of locations spread throughout the globe.Experts say that in all likelihood, guests who use Tribute Portfolio should expect to receive an experience that is quite similar to the experience that they would get at a Tribute Portfolio Hotel.The Difference From AirbnbWhat sets this Marriott program aside from Airbnb is a few things, including quality control. Hostmaker offers on the ground maintenance and regular checks to ensure homes continue to meet its standards, whereas even Airbnb's Plus model - a curated collection of verified homes - only has one initial check. After that, the system relies on consumer reviews.Experts have said that they expect Hostmaker to be particularly exacting when it comes to design. In other words, homes will have to meet a stringent design criteria in order to qualify at all.Let's take a look at a few projects currently underway by Marriott International:Edition Hotel BarcelonaThe hotel will be in the city's Ciutat Vella district, close to the Cathedral of Barcelona and nearly adjacent to the Santa Caterina Market. ...[READ MORE]The Dixon The former Tower Bridge Magistrates Court and police station on London's Tooley Street are to become a hote ...[READ MORE]The St. Regis Kanai Resort, Riviera Mayaa new luxury resort on Mexico's Riviera Maya at Kanai, an exclusive master-planned beachfront community consisting of 4 luxurious hotels ...[READ MORE]More information on Marriott International can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

New life being breathed into Las Vegas

TOPHOTELPROJECTS ·15 May 2018
F&B making waves in VegasFood and beverage is just one facet of the hospitality industry in Las Vegas that is causing a stir. Changing out a tired old restaurant or bringing in a big name chef can be the difference between an ailing hotel and a brand new success story. A few hotels that have made their name on the Las Vegas strip are revitalising their brand by revamping their F&B sectors.Famed hotel The Venetian has brought itself into the 21st century with new lunch spot Black Tap Craft Burgers & Beer. This modern eatery lends a touch of retro cool to the renowned hotel, and other Las Vegas stalwart The Bellagio is doing something similar. Spago, a restaurant famous in Beverly Hills and also formerly in Las Vegas' Caesars Palace, will open a new location inside The Bellagio. Caesar's Palace itself sees a new offering from celebrity chef Gordon Ramsay, who opened a restaurant with an open kitchen, a 25 foot long bar and all the drama you would expect from this fiery chef channelled into its interiors and design.Guest room revampsAnother area that is seeing regeneration are the guest rooms in some of Las Vegas' biggest name hotels. El Cortez Hotel and Casino will see a huge revamp of some of its rooms by the end of summer this year. 73 Tower rooms in the hotel will undergo extensive refurbishment, echoing the hotel's Spanish colonial-style heritage and giving the rooms a new warmth by using exposed wooden beams and softer finishings.Huge overhaulsSome hotels on and off the strip will see multi-million dollar overhauls of their entire property. The Park MGM is perhaps the most hotly anticipated of these big venture, and the hotel will see $450 million pumped into it to overhaul. This will be an ambitious endeavour spearheaded by hospitality visionaries the Sydell Group from New York, who are behind some of the hotel industries biggest successes in recent years, namely NoMad, Freehand and Ned. The idea is to transform the top four floors of the Park MGM into an exclusive 292 room NoMad hotel, which will boast decadent common and public areas as well as interiors design by Parisian design firm Studio Jacques Garcia. The Palms will also undergo massive refurbishments of its resort and facilities to the tune of $620 million. The majority of the conversions will be in the reception and lobby areas, which will be transformed by using opulent fixtures and eye-catching artworks. All of the guestrooms in the hotel's Fantasy Tower will be given a new lease of life by LA design studio Avenue Interior Design.Let's take a look at some other projects currently in the Las Vegas Project-pipeline:Resorts World Las Vegas A long-delayed multibillion-dollar casino-resort project on the Las Vegas Strip that would cater to the city's Chinese tourism ...[READ MORE]NoMad Las Vegas In addition to renovations, each hotel will have new food & beverage experiences unique to the Las Vegas market, including the NoMad restaurant by Chef Daniel Humm and restaurateur Will Guidara ...[READ MORE]More information on hotel projects in Las Vegas can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Potential Benefits from the United States Tax Reform for Hotel Investors

TOPHOTELPROJECTS ·14 May 2018
Much of the discourse around this bill has been in regards to the massive reduction that it includes for the country's corporate tax rate, a reduction that critics say will exacerbate the already sizeable levels of wealth inequality that are causing major problems in the U.S. However, some tax law experts are saying that real estate investors stand to enjoy some of the largest financial benefits from these changes. With the vital role that real estate investment plays in the creation and construction of new hotels, this could mean a major impact for the North American hospitality industry.An Increase of Favorable Depreciation OptionsOne not at all insignificant benefit for real estate owners is the expansion of when they will be able to claim a "bonus depreciation." This change, experts say, amounts to a significant deduction for investors, and that significant deduction will in effect allow them to claim 100 percent of bonus depreciation on acquisitions of existing assets. By comparison, the previous tax rules limited this incentive to just new-builds.Dirk Wallace is a partner with Novogradac & Company, and in a recent interview he said that these new favorable rules are slated to remain in place until at least the beginning of 2022. That schedule means that real estate investors interested in benefiting from them should take advantage of the change as soon as possible.Wallace also went on to later note that there are new options for how to claim depreciations or also for how to prioritize an interest limitation. This mean that investors should look closely at which is more favorable for them before making such an important decision.How the Pass-Through Law Changes Can Also Help Real Estate InvestorsAnother major and somewhat controversial provision of the United States new tax code is that it creates a 20 percent deduction of pass-through income. This, experts say, is also potentially beneficial for real estate investors, depending on how said investors ultimately have their ownership groups structure.Wallace has said that there are, of course, some exceptions to who can claim this type of pass-through deductions, exceptions that may include professional service firms. But they are not likely to apply to real estate. To quality, income must go to a partnership such as a limited liability corporation or to a real estate investment trust, rather than directly to an individual.Let's take a look at a few other projects currently underway in the United States of America:Edition Hotel Times SquareThe tower, dubbed 20 Times Square, will rise 517 feet above street level and will contain 269,769 square feet of commercial space ...[READ MORE]Rosewood Miramar Beach MontecitoSpread over nearly 16 acres of prime beachfront real estate, Rosewood Miramar Beach Montecito will offer 122 guestrooms and 48 suites, many of which will be located in single-story cottages and bungalows ...[READ MORE]Andaz Hotel Palm SpringsProposed luxury hotel and retail shops at the corner of North Palm Canyon Drive and Alejo Road. The hotel will be branded as an Andaz hotel. ...[READ MORE]More information on hotel projects in the United States of America can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

What Hospitality Pros MUST KNOW About the North America Market [DOWNLOAD Construction Report]

TOPHOTELPROJECTS ·11 May 2018
One thing that is certain is that in recent years the hotel industry has been on a streak of consolidation. In fact, in the past two years there has been more than $20 billion in corporate acquisitions, including management companies, and, more importantly, brands. Experts and industry insiders say all indications suggest this trend will continue, especially in North America.DOWNLOAD NORTH AMERICA CONSTRUCTION REPORTLooking to the Past to Understand the Present, FutureTo get better perspective on the present and future, one must look to the past of the hotel market in North America. In 1980, there were only 90 hotel brands in the United States, and only 12 brands at that time were part of larger brand umbrellas, which provides quite the contrast to today's market.Today, there are 259 hotel brands in the United States, and nearly two thirds of those brands are part of a larger brand company. This means that the North America market has seen a virtual invasion of hotel brand companies. In today's market, a mere 9 hospitality companies house nearly half of all of the hotel brands in the entire United States.This has also led to the creation of new brands aimed at Millennials and located in the mid-market lifestyle segment. The sheer volume of these similar brands battling for the same portion of the overall market has led to the construction of significant brand pipelines. For more information about the pipeline in the United States, we turned to the TOPHOTELCONSTRUCTION database.TOPHOTELCONSTRUCTION Provides More ClarityFor context, we turned to TOPHOTELCONSTRUCTIONS' Hotel Construction North America Report for April 2018. Overall, there are currently 1,189 projects in North America's pipeline that once they are completed will yield a projected total of 255,621 rooms for guests.While it is of course important to note the near critical mass of brands marketed at millennials, it is perhaps equally important to note in which cities all of this growth is slated to occur. The TOPHOTELCONSTRUCTION database reports that New York City is, unsurprisingly, the leader with 43 projects and 10,339 rooms, while Los Angeles is second with 34 projects for 6,852 rooms, and the rising tourism destination of Nashville, Tennessee is third with 31 projects for 6,855 rooms.Rounding out the top 10 markets in the United States are Miamia, Florida; Orlando, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Seattle, Washington; and the nation's capital, Washington D.C.Let's take a look at a few other projects currently underway in North America:Edition Hotel Times SquareThe tower, dubbed 20 Times Square, will rise 517 feet above street level and will contain 269,769 square feet of commercial space ...[READ MORE]Rosewood Miramar Beach MontecitoSpread over nearly 16 acres of prime beachfront real estate, Rosewood Miramar Beach Montecito will offer 122 guestrooms and 48 suites, many of which will be located in single-story cottages and bungalows ...[READ MORE]Cabrits Resort Kempinski, DominicaCabrits Resort Kempinski, Dominica will be a hideaway resort that will rank amongst the best in its class in the Caribbean. ...[READ MORE]More information on hotel projects in North America can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Two years of steady growth on the horizon for Hilton

TOPHOTELPROJECTS ·10 May 2018
Renowned hotel brand Hilton has reason for celebration, as a recent report on their first quarter earnings returned numbers that were beyond what the group had thought to achieve. 2018 and 2019 are set to be successful years for the group. We find out more.Hilton starting the year on a highWith many big name hotel brands feeling the stress of market saturation, competition from similar big hitting brands and guest diversion from the traditional hotel model, Hilton Hotels is no doubt breathing a sigh of relief after the year's first quarter. The group's financial report showed that the group is still a big hitter in the hospitality industry, with their earnings exceeding expectations for the start of the year. Christopher J. Nassetta, President & Chief Executive Officer of Hilton, said, "We are thrilled with the strong start to the year, reporting first quarter results that exceeded the high end of our guidance for system-wide RevPAR, Adjusted EBITDA and diluted EPS, adjusted for special items. As a result of our strong performance and positive outlook for the remainder of the year, we are raising guidance for the full year. We also continue to deliver on our capital return strategy through share repurchases and dividends, returning more than $1.3 billion so far this year."Europe and Asia return particularly strong performanceThe Asian and European markets were big contributors to Hilton's success from January to April. Hilton hotels in Europe and the Asia Pacific regions returned particularly strong numbers, and one of the biggest areas where growth was recorded was in China. Chinese tourism has been on the up in recent years, and Hilton anticipates full-year RevPAR growth in excess of 10% in the region. The group's Hampton by Hilton brand has been a focus of their growth in China, and this planned expansion is happening in collaboration with Plateno, who Hilton is in talks with to further expand the scope of their working relationship. Speaking of Hilton's partnership with Plateno, Nassetta said, "They're doing a wonderful job in terms of what the product is and delivering service and helping build our network out in China. We've had great success, and we're very optimistic with where things are going with Plateno and Jinjiang International."2018 and beyondIn the first quarter of 2018, Hilton opened 75 hotels totaling 10,600 rooms, a 7 percent increase from the same period in 2017, and achieved net unit growth of 7,100 rooms. As of March 31, 2018, Hilton's development pipeline totaled more than 2,340 hotels consisting of approximately 355,000 rooms throughout 106 countries and territories, including 38 countries and territories where Hilton does not currently have any open hotels. These numbers are sure to be added to in 2019, given the optimism that 2018's first quarter results have given the group.Let's take a look at a few projects currently underway by Hilton Worldwide:Hilton Da NangThe new-build Hilton Danang will be located in Danang City, a major port city in central Vietnam and the third largest city in the country ...[READ MORE]Waldorf Astoria London (Hotel Admiralty Arch) Originally commissioned by King Edward VII in memory of Queen Victoria, the property was first designed by Sir Aston Webb ...[READ MORE]Maison Astor Paris, Curio Collection by Hilton Upon completion of the refurbishment, the Astor Hotel will feature stylish guest rooms and suites, set over six storeys and housed within a traditional, 107 year old building. ...[READ MORE]More information on Hilton Worldwide hotel projects can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Hospitality Opportunities Abound in Dynamic Thailand Market

TOPHOTELPROJECTS · 9 May 2018
Thailand is one of the gems of the Asia Pacific hospitality market, a diverse and vibrant country with a culture unlike anywhere else in the world. In Thailand, visitors can enjoy luscious jungle landscapes, as well as one of the most dynamic urban spaces on the planet in Bangkok, where there are New York City neighborhood vibes and some of the most highly-regarded cuisine around.For those familiar with Thailand then, it should come as no surprise that a look at the TOPHOTELCONSTRUCTION database reveals its project pipeline to be healthy and growing, with a grand total of 91 projects on the way, projects that once completed will yield a reported 18,923 new rooms for guests.All of those properties fall into the luxury and first-class tiers, with 36 percent being designated the former and 64 percent the latter. With that in mind, it's important for savvy hotel owners and operators, investors, designers, and suppliers to take stock of what's happening in Thailand. That's why today we're turning to the TOPHOTELCONSTRUCTION database for more info about some of the marquee projects in Thailand's pipeline.Grande Centre Point Hotel North PattayaLocated in the beach destination of North Pattaya, this Grande Centre Point Hotel will have 400 rooms when it opens later this year. It is of the utmost quality, sliding into the first class / upper upscale designation.Eastin Grand Payathai BangkokThe Eastin Grand Hotel Phayathai Bangkok will be a mixed use complex with a hotel element, plus also office space with some retail. The hotel has a great location with direct access to Phayathai BTS skytrain station. Once completed in late 2019, it will consist of 394 rooms and suites, including superior rooms, deluxe rooms, suites and a honeymoon suite. Plus 175 serviced apartments consisted of one and two bedrooms.Other facilities will include an all-day dining market-style restaurant, a wine bar, a specialty restaurant, seafood market by 'Chef Man' Chinese restaurant, Starbucks, outdoor large swimming pool with pool bar, gym and executive lounge.Functions and event spaces of a total of 4,285 sqm will be one of a kind in Bangkok with modern high technology to serve all sorts of functions and special events. The hotel will also have a 285 sqm wedding studio to cater full services for any couples.InterContinental Phuket ResortThe luxurious InterContinental Phuket Resort is located on Kamala Beach, between Millionaire's Mile and the Amanpuri headland, one of the island's most popular destinations and perfect for travelers looking for a relaxing and luxurious getaway. It will have 454 rooms for guests when it opens in 2019.Let's take a look at a few other projects currently underway in Thailand:Capella Bangkok Capella Bangkok will open on the Chao Phraya River as part of a new mixed development that features two hotels and a residential tower. ...[READ MORE]Four Seasons Hotel Bangkok at Chao Phraya River The Hotel will include world-class amenities and dining alongside the legendary customized service discerning guests from around the world ...[READ MORE]Rosewood Bangkok Rosewood Bangkok is located within Bangkok's central business district along Ploenchit Road, within an enclave encompassing embassies, new residential towers, offices and upscale retail. ...[READ MORE]More information on hotel projects in Thailand can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Luxury Hospitality Performance in Africa Characterized by Volatility [Construction Report Included]

TOPHOTELPROJECTS ·27 April 2018
The past decade has been one of much progress for the developing world.The hospitality market is one that has remained strong for years and years in the usual thriving markets, which include the United States, Europe, and the Asia Pacific. However, on the African continents there has not always been a steady flow of funds being allocated for project development. This, however, has recently come to change, although it is important to point out that many challenges remain.Experts say that supply and demand for luxury hotels in Africa have both, indeed, been on the rise. In the past, stays by guests at luxury hotels in Africa were often made up of the very exclusive, very expensive sort that usually saw visitors undergoing some sort of elaborate safari-type experience. It was routinely a safe assumption to guess that the majority of international visitors to Africa would spend more than a few days on an actual safari, traipsing through multiple countries in Africa as they went.AFRICA HOTEL CONSTRUCTION REPORTHow Supply and Demand Have ChangedWith many African currencies remaining much weaker than the Euro, the U.S. dollar, or the British pound, the chance to visit Africa has for the most part been quite affordable.As of late, however, there has been an influx of new development dollars to the African continent, and this flow has brought urban luxury hotels and operators there. The results are that many cities and countries in Africa now have a healthier mix or remote as well as urban luxury hotels for guests to pick from.Supply and Demand in AfricaExperts say that demand for luxury hotel rooms as become much healthier in Africa, and as a result the continent has undergone a spike in supply of such luxurious accommodations.It does, however, seem to be too early for industry watchers to truly determine if these changes are slated to sate the appetite for luxury products, or if demand is waning.Overall, experts say that the developing nature of the luxury hospitality in market in Africa has created a bit of an erratic picture, one in which it is far too soon to tell if there is going to be steady demand being met by steady supply--a situation that can lead to sustained growth for the countries in Africa.Egypt, experts say, saw a sharp decline in hospitality demand following the political unrest that swept the country in 2013. In Southern Africa, demand for hotels in those nations stayed more subdued, which has led to a more stable situation wherein growth has had the ability to stay relatively steady.The competition for high-end tourists throughout the globe is fierce, and as such, any sort of unrest or terrorist threat can drive luxury guests away. The negative headline cycle that regularly plagues Africa is doing hoteliers there no favors. However, rebounding room demand does seem to indicate that overall growth for the continent will remain steady.Let's take a look at a few other projects currently underway in Africa:Marassi Mediterranean Marine and Golf ResortMarassi is a Mediterranean-styled development close to Alexandria. An architectural ode to the rich and diverse Mediterranean way of living, Marassi is destined to be the haven of untold bliss and comforts sprawling 1,544 acres of pristine waterfront. ...[READ MORE]Marina Resort ChbikaChbika, originally known as Chbika Sahara Atlantique, has been master-planned to include three or more hotels, 1,851 apartments and villas, a town center, a marina with berths for 100 boats, a sports center, a spa, a medical center, and a tournament-worthy golf course ...[READ MORE]Four Seasons Resort Sharm El SheikhExpansion of this lush, luxury resortseeks to surpass the existing oasis's already-high standards. The project includes a ninety-plus key hotel, conference center, employee hotel, manager's quarters, a Mosque, dive center, and an 18-hole golf course with 52 golf villas ...[READ MORE]More information on hotel projects in Africa can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Best Mexican Cities to Visit Outside of Beach Resorts [Infographic]

TOPHOTELPROJECTS ·25 April 2018
Mexico is home to dozens of world-class beaches, and as such it ranks as one of the most popular travel destinations in the Western Hemisphere. There is, however, more to the country's hospitality industry than just beaches.There are plenty of other historic and cultural destinations in Mexico to visit that don't involve swimming and sand and fun in the sun. In fact, a look at the TOPHOTELCONSTRUCTION database shows that in addition to the usual suspects like Cabo San Lucas and Cancun, there is significant growth underway in both Mexico City and the northern locale of Monterrey, which is nestled in the mountains and near to many ecotourism opportunities such as hunting, mountain climbing and hiking.Indeed, the TOPHOTELCONSTRUCTION database shows that of the 71 projects underway all throughout the various cities of Mexico, 9 are slated to open soon in Cabo San Lucas, 8 in Cancun, and 4 in Monterrey. With that in mind, we thought this would be an excellent occasion to take a look at some of the non-beach destinations that make appealing stops for tourists inside Mexico.MonterreyAs we mentioned, Monterrey is located in the mountains, which places it very close to a lot of great outdoor activities such as rock climbing, hiking, and even mountain biking. It is also a historic region, and, like nearly every other city in Mexico, a culinary hub. If you visit, make sure to try the cabrito, which is roasted goat and unique to the region.GuanajuatoGuanajuato is an old silver-mining town nestled in the mountains of Mexico. It's a gorgeous city that many say is magical. You can spend hours just looking down at the beauty, or wandering through the alleys and streets. There is a great arts festival each fall that makes an excellent occasion to plan a trip around.San Miguel AllendeSan Miguel Allende is a gorgeous and quaint retirement community were many elderly American ex-pats live. It is also a popular city for American college students spending a semester abroad. This is a great destination for quiet evenings and shopping.San Luis PotosiIn the jungles just outside San Luis Potosi is a surrealistic garden called Las Pozas de Edward James. James was an eccentric European who once visited Mexico and saw a vision in this area among the hills and waterfalls. He never brought that vision to completion, but pieces of it have been built into the mountainside in this state in Central Mexico.PueblaMexican cuisine is some of the best in the world, and the state of Puebla, which is just outside Mexico City, is the birthplace of many famous Mexican dishes, including mole. Just make sure to bring your baggy pants when you visit. Puebla's capital is also home to the oldest library in the Western Hemisphere.Let's take a look at a few projects currently underway in Mexico:One&Only Mandarina The resort will feature two beach clubs, several swimming pools, six restaurants and bars, event rooms, a Spa, and a children's club ...[READ MORE]Westin Monterrey The Westin Monterrey is set to modernize the city's hotel offering through Westin's distinctive architectural and interior design ...[READ MORE]Radisson Blu Resort & Spa Ajijic Located on the northern shore of Lake Chapala 50km south of Mexico's second largest city Guadalajara and 25 minutes from Guadalajara International Airport ...[READ MORE]More information on hotel projects in Mexico can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Fairmont's Sirru Fen Fushi opens in the Maldives

TOPHOTELPROJECTS ·24 April 2018
A new luxurious getaway operated by Fairmont Hotels and Resorts has opened in the idyllic setting of the Maldives. We take a look inside the Sirru Fen Fushi resort on the South Asian island.Villas in paradiseFairmont's latest offering is the pinnacle of luxury and isolation. Located on the island of Gaakoshibee in the Maldives, this new resort is made up exclusively of 120 luxurious villas on their own private lagoon resort, one of the biggest in the area. The resort opened this month and has been lauded for its tasteful design that will no doubt have high-class travelers flocking to the island in their droves. The architecture and design is typical of this exotic paradise, with the tastefully designed private water villas taking full advantage of the stunning location. Thatched roofs sit atop whitewashed walls, and the villas are erected on posts that let them hover over the crystal blue waters of the Indian Ocean, with private jetties offering panoramic views out over the sea. The villas are designed with personal deck areas that are furnished with sun loungers that surround individual plunge pools so guests have the utmost privacy on their vacation. The outdoor areas of the villas are orientated towards the sea, so residents are completely isolated from the other villas.Spa, sunsets and seclusionSirru Fen Fushi translates to "secret water island", and this is exactly what guests can expect when they stay at the new Fairmont hotel. Guests can avail of the state of the art spa facilities, which allow holidaymakers to relax, revive and rejuvenate in one of the most idyllic locations on the planet. The Willow Stream spa draws on the hotel's natural surroundings to craft a contemplative and calm oasis, where treatments use local herbs and plants which connect back to the local culture of the island. The spa also boasts a 50m long serenity pool that is a treat for the senses, as the air is fragranced with aromatherapy scents. The hotel aims to enchant its guests, and claims the unusual offering of a submerged sculpture garden. Their website says, "With nature and art as your guides, dive into the resort's unique, mesmerising underwater sculpture park, explore the gently sloping 9 km house reef, castaway for a day, shoeless and carefree, and dine on gourmet cuisine by the light of the moon." The new hotel typifies Fairmont's mission to connect its guests with the best experiences that each destination has to offer.Let's take a look at a few other projects currently underway in the Maldives:Mandarin Oriental Resort Maldives Mandarin Oriental, Maldives is located 185 kilometres north of the capital city Male, a journey of 45 minutes by seaplane ...[READ MORE]Pullman Maldives Maamutaa Resort The Pullman Maldives Maamutaa Resort will be a 'one-island, one-resort development' located just 10 minutes by speedboat from the new airport on the gorgeous, unspoilt Maamutaa Island ...[READ MORE]Greenstar, Floating Hotel and Conference Center The Greenstar is a Floating Hotel with a Conference Center for up to 2000 participants.The Greenstar will blend-in naturally with the existing surrounding islands. ...[READ MORE]More information on the Maldives can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Why One Hotel Exec Predicts a Boom for the Hospitality Industry in India

TOPHOTELPROJECTS ·23 April 2018
Arif Patel--who is the vice president of sales, marketing, distribution and loyalty for AccorHotels--recently predicted that the next four years are going to be very good ones for the hospitality industry in India, detailing his thoughts about momentum for those working in the space has remained strong.In an interview with reporters, Patel pointed specifically to factors for the country such as big data trends, e-visa, domestic aviation growth, and how hotels there have reached their highest levels of occupancy rates in the past decade, with 68 percent and rising being common across the international hospitality industry. He said data shows that during the last calendar year and into the first quarter of 2018, occupancy rates are even higher than that, trending at 70 percent or above.This represents significant growth for all of the hospitality industry in India, as previous average occupancy rates were at an average low of between 55 and 58 percent for years.Increases in Other MetricsPatel went on in a recent interview to say that he has also seen rises in other metrics as well for India, specifically in the growth of searches for travel-related information about interest in travel, citing a large bump in several platforms, including a 53 percent search growth via Google."If we look at the last summer data, there was a 40 per cent growth in gross booking," Patel was quoted as saying. "There is also an increase of 15 per cent to 20 per cent in staycation when you look at long weekends."One possible causation for this is that large family travel would seem to have undergone a substantial increase, growing by nearly 15 percent. Europe seems to have bounced back after two years of what experts would consider to be lows, with increases happening in demand for travel experiences from both France and the United Kingdom. As is perhaps not the least bit unusual, the United Kingdom continues to be Europe's top travel destination for sending visitors to India. However, some other countries have made inroads too, with guests coming from both Dubai and Mauritius for summer vacations.Mobility is KeyOne point that Patel makes multiple times is that the increased availability of airline travel--particularly in new routes domestically--is, perhaps quite obviously, driving tourists to travel more.His own company, AccorHotels, is certainly seeing this and anticipating rising demands for its hotel rooms. Patel said they operate 48 hotels and almost 9,000 rooms, and that they are looking to increase that number to 80 branded hotels in India by the year 2020, working to bring Raffles and Banyan Tree to India, too.Let's take a look at a few other projects currently underway in India:Grand Hyatt Hyderabad The planned hotel is part of a 100-acre township development in Manikonda called Lanco Hills, about two miles from Gachibowli and HITEC city. ...[READ MORE]Four Seasons Hotel Noida at Delhi OneFour Seasons has entered North India with tie-up with realty firm, The 3C Company, for their mixed-use project 'Delhi One' at Noida. ...[READ MORE]Grand Hyatt KochiLuxurious guestrooms include suites and villas, All rooms and public spaces feature views of serene backwaters, the cityscape or lush, landscaped gardens ...[READ MORE]More information on India hotel projects can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.

Number of European Visitors to Countries in the GCC Rises [Download Construction Report]

TOPHOTELPROJECTS ·20 April 2018
DOWNLOAD MIDDLE EAST HOTEL CONSTRUCTION REPORTExperts say this rise will most likely be driven by an increased number of flights from Europe to the region, friendlier travel routes, more competitive pricing, and an increased supply of mid-market hotels located throughout the region, according to recent data published ahead of Arabian Travel Market 2018. In fact, according to Arabian Travel Market's research partner Colliers International, as many as 24.6 million EU residents are expected to travel to one or more of the countries that make up the GCC between now and the year 2020. This constitutes a hike of four million travellers as compared to figures for the years 2015 to 2017. Simon Press, senior exhibition director, ATM, said: "Historically, Europe and the GCC have enjoyed excellent travel and tourism links. Building on this, over the next three years, EU arrivals to the GCC will increase and we will see this in both the leisure and business segments. While European tourists have previously travelled to the GCC for its luxury resorts, the growing numbers of millennial travelers, middle-class tourists and corporate travellers on a budget, are slowly changing traditional market trends, as is the growth in affordable, mid-market hotels combined with an increase in low-cost flights."New Travel Routes from Europe to the GCCThere are myriad new travel routes coming that will do a better job of connecting tourists in Europe with the countries in the GCC.Besides Emirates' new route to Stansted airport in the United Kingdom, flydubai is also now scheduled to start flying to Krakow in Poland this month, further extending the carrier's Eastern and Central European network to a whopping total of 24 destinations, with a list of those that includes Belgrade, Bratislava, Bucharest, Prague, Skopje, Sarajevo, and Sofia.Increased Supply of Mid-Market Hotels Helps, TooGetting to the region simply and easily at a good price eliminates one set of major obstacles. Something that is helping to alleviate another is that the GCC is now home to an increased supply of mid-market hotel properties.GCC hotel developers have in large part turned an increased amount of their attention to quality mid-market properties with Dubai and Riyadh now home to a collection of four-star hotels flagged by names such as Aloft, Centro and Studio M. This growth will continue with a 19.1% compound annual growth rate (CAGR) forecast in four-star development between 2018 and 2020.Let's take a look at a few other projects currently underway in the Middle East:Anantara Dubai Creek HotelAnantara Dubai Creek Hotel will be located in Culture Village, which is currently under development by Dubai Properties ...[READ MORE]Santorini ResortSantorini Resort is a mixed-use project located in the Al Marjan Islands in Ras Al-Khaimah ...[READ MORE]Royal Tulip Hotel MuscatThe eight-storey hotel will feature two restaurants, pool, spa and fitness centre and extensive meeting and conference facilities ...[READ MORE]More information on hotel projects in the Middle East can be found on TOPHOTELPROJECTS, the specialized service provider of cutting-edge information of the hospitality industry.

AccorHotels Announces First SO/ Property in the Middle East

TOPHOTELPROJECTS ·19 April 2018
AccorHotels has recently announced the timeline and location for its first hip and future-forward brand SO/location in the Middle East. This hotel will be located in the region's hottest market: Dubai.Dubbed the SO/ Uptown Dubai, it will be a disruptive art and experience driven property said by stakeholders to fully embody a concept of a Kaleidoscopic Utopia, in the process reflecting Dubai's urban charm. The SO/Uptown Dubai will also come replete with that hotel brand's signature convention-defying colorful and lively design concepts, which inherently vary from location to location.As far as a timeline for the hotel's debut, it is currently set to open to guests by the end of the year 2020. When it does, the luxurious property will feature a total of 188 rooms alongside 215 total branded residences. Inspired by edgy and bold architecture, interiors for the luxury property will be brought to life by the Rockwell Group, featuring modular and contemporary elements to elevate the SO/ Uptown Dubai as a beacon of energy, art and entertainment at the heart of Dubai.Growing the SO/ Brand in the Middle EastStakeholders involved in this expansion project are understandably excited about its implications for the strength and prevalence of the SO/ brand, which is one of the most future-forward offerings in the hospitality industry to date.Ahmed Bin Sulayem, Executive Chairman, DMCC, said: "DMCC is excited to be the 'first to say SO/' by bringing the debut SO/ in the Middle East to our first super-tall tower in Uptown Dubai in partnership with AccorHotels. SO/ is a bold and innovative brand much like the spirit of Dubai and DMCC's Uptown Dubai district. We are confident this partnership will bring a spectacular destination to market for our customers, at our premium super-tall tower set to disrupt the Dubai skyline as we know it."A World-Class LocationThe project actually marks AccorHotels' entry into one of the hottest areas in Dubai, which puts it among the hottest on the planet overall: DMCC's upcoming world-class smart district, Uptown Dubai. With monumental developments including seven high rise towers atop seven levels of podium, the central plaza of Uptown Dubai aims to raise the district to the same scale of global destinations such as New York's Rockefeller Center and Berlin's Sony Center. Uptown Dubai is set to become the go-to destination for lively shopping, dining, entertainment and cultural experiences.Dubai itself is arguably the single best tourism market in the country right now, having grown by leaps and bounds in recent years, surpassing long-time industry stalwarts like Paris and Las Vegas and London in terms of its desirability for hotel operators. It's a ritzy location in the United Arab Emirates, and all indications are that it won't stop being that way any time soon.Let's take a look at a few other projects currently underway by SO/:Sofitel So Paris Champs Elysees In an effort to develop a new "mythical address" in Paris the SO Sofitel will be a five-star hotel with about a hundred rooms ...[READ MORE]Sofitel So La Habana The hotel will be located on the corner of the Malecon and Paseo del Prado. ...[READ MORE]So Sofitel Kuala Lumpur Hotel Some of the facilities the So Sofitel Kuala Lumpur Hotel guests will be able to enjoy include four inspired food and beverage outlets, an extensive pool with deck and terrace ...[READ MORE]More information on SO/ can be found on TOPHOTELPROJECTS, the specialized service provider of cutting-edge information of the hospitality industry.

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