The Blue Swan Daily brings you a round up of some of the latest hotel news from across Europe, Middle East and Africa.
- Grand Hyatt arrives in Greece as new hotel marks Hyatt’s debut in Athens
- Amadeus to acquire TravelClick for USD1.5bn
- Indian Hotels Company to open Vivanta hotel at London Heathrow
- Russia considers tourism a promising area for cooperation with Caspian states; plans new hotel developments
- German Tourism Association: Overnight stays by German and foreign tourists increase 4% in 1H2018
- Abu Dhabi Islamic Bank acquires Heathrow Airport Travelodge Hotel
Grand Hyatt arrives in Greece as new hotel marks Hyatt’s debut in Athens
The opening of the Grand Hyatt Athens has marked the first Hyatt hotel in the Greek capital and the first Grand Hyatt branded hotel in Greece. The luxury property is located on Syngrou Avenue next to the Onassis Cultural Centre and combines dramatic architecture with innovative design, easily accessible to the capital city’s historic sites. “Athens is fast becoming the destination of choice where ancient history sits alongside modern coffee shops and rooftop bars,” says Nikos Trikourakis, general manager of Grand Hyatt Athens. “Our hotel will offer guests who seek first-class hospitality unforgettable experiences and a luxurious place to stay.” The hotel has 309 guestrooms, 38 of which are suite, including the Presidential Suite, Royal Suite and four Grand Executive Suites with terraces. The rooms feature spectacular views of either the Acropolis, the cityscape or the inner landscaped garden. The hotel will be managed by Kokari Limited and has been developed by the international real estate investment companies Henderson Park and Hines. It will be the second Hyatt property in Greece, joining Hyatt Regency Thessaloniki.
Amadeus to acquire TravelClick for USD1.5bn
Amadeus has agreed to acquire TravelClick from private equity investment firm Thoma Bravo for USD1520 million. TravelClick provides cloud based solutions, including an independent and mid size hotel central reservation system and guest management solution, as well as business intelligence and media solutions. This portfolio gives Amadeus hotels distribution reach across all channels. The addition of TravelClick’s solutions to the Amadeus portfolio will “create a hospitality leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe”, stated the company. As part of the acquisition, approximately 1100 TravelClick employees are expected to join Amadeus. Amadeus and Thoma Bravo expect to close the acquisition in 4Q2018, following regulatory approvals.
Indian Hotels Company to open Vivanta hotel at London Heathrow
Tata Group has announced the Indian Hotels Company (IHCL), in partnership with Hayre Group, plans to open a Vivanta hotel at London Heathrow Airport. The 108 room hotel will feature a restaurant, all day diner, bar, lounge, gym and banqueting and meeting space facilities. The hotel is expected to open in 2021 with the deal marking a significant milestone for IHCL and the Vivanta brand which caters to the Upscale segment of business and leisure travellers. The new property will be located across from Terminals 1, 2 and 3 and will represent the debut of the Vivanta brand in London.
Russia considers tourism a promising area for cooperation with Caspian states; plans new hotel developments
Russia’s President Vladimir Putin has stated that tourism is a promising area of cooperation with Caspian states. Mr Putin said: “According to available estimates, Caspian Sea resorts could receive over one million vacationers annually. Yet, this requires a modern tourism infrastructure”. Mr Putin said plans include the development of tourism clusters and the construction of new hotels and recreation centres. Mr Putin added: “The relevant authorities of the five countries should draw up a programme for such joint projects in tourism”.
German Tourism Association: Overnight stays by German and foreign tourists increase 4% in 1H2018
German Tourism Association has revealed overnight stays by German and foreign guests in German hotels and hostels increased 4% year-on-year to 214 million in 1H2018. “Since 2010, the number of overnight stays in Germany has been rising steadily. The heat of the last few weeks will provide a further boost, even if the German holiday regions are well booked in the summer time every year”, German Tourism Association MD Claudia Gilles said.
Abu Dhabi Islamic Bank acquires Heathrow Airport Travelodge Hotel
Abu Dhabi Islamic Bank has helped finance the sale of the Travelodge Hotel at London Heathrow Airport. The 297 room hotel is leased to Travelodge Hotels Limited with 20 years remaining on the lease. The property was acquired by a Saudi based client for GBP40.3 million (AED194.6 million), with ADIB providing GBP26 million (AED125.7 million) of Sharia’a-compliant financing. The six-storey property, built in 2007, is reported to be one of the best performing in the Travelodge portfolio.