Terence Baker
Senior Reporter, EMEA at Hotel News Now
Snr reporter EMEA @Hotel_News_Now; @STR_Data; 106 countries; 2:44:56 26.2; rim-to-rim-to-rim Grand Canyon run; 2 x 100-mile runs; lots of birding @terence_baker
Articles
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1 week ago |
costar.com | Terence Baker
CAPE TOWN, South Africa — Dubai-based white-label management firm Aleph Hospitality has signed a deal with African Hotel Development to manage 26 hotels in 14 African countries under the Onomo brand family. The agreement is the largest management portfolio deal in African history, according to executives from both companies, who confirmed the deal at the Future Hospitality Summit Africa. African Hotel Development is a lifestyle hotel group, real estate developer and owns the Onomo brand.
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1 week ago |
costar.com | Terence Baker
CAPE TOWN, South Africa — Hoteliers, developers and investors must stop overgeneralizing hotel operations and ownership in Africa. Such thinking is hindering expansion in a continent that has vast opportunities for the hotel industry, said Scott Antel, a hospitality lawyer and founder of Scott’s FZ. He added there is something wrong with the industry in Africa when only 35% hotels in development ever open their doors. “Do your feasibility, your due diligence.
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1 week ago |
costar.com | Terence Baker
If there is any subject that in the United Kingdom would set of a heated discussion in a freezer, that subject is probably immigration. The U.K. is not alone in that regard. The topic has been in the news throughout Europe for the last decade, even before COVID-19. Voters are vocal about immigration.
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2 weeks ago |
costar.com | Terence Baker
The United Kingdom government has revealed its summer Spending Review, and a notable inclusion for hoteliers is the government plans to end its subsidies to house asylum seekers in hotels in 2029. More than 200 hotels in the U.K. have been used to house asylum seekers, and when the government contracts end, those hotels will likely require major renovations through property improvement plans before they are returned to the U.K.'s total hotel supply.
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2 weeks ago |
costar.com | Terence Baker
SM Hotels and Convention Corp. plans to increase its hotel room count almost 51% by 2029 through its continued partnership with Radisson Hotel Group. In a June 10 news release, SM Hotels said it will open seven new hotels by the end of 2029 that will see its hotel count grow from 10 hotels to 17 and its room count to grow from 2,602 rooms to 3,923. Most of the new inventory will be completed by the end of 2028.
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UK hotel owner-operator Shiva Hotels is refinancing The BoTree, its luxury hotel in London's Marylebone neighbourhood, for £300 million ($375 million), the largest refinancing deal in Europe since the end of the pandemic. @Hotel_News_Now @STR_data … https://t.co/VBKhMwhflK
So much of what @Hotel_News_Now has written on in the last 18 months comes together in one conference panel discussing lifestyle hotels in Madrid this week. Bottom line is lifestyle hotels are moving the needle with guests and investors … https://t.co/E0y7aQlO3x @STR_Data
The famed wine cellar of Monaco’s 208-room Hôtel de Paris Monte-Carlo turned 150 years old last year. It is the world’s largest hotel wine cellar, with an estimated 2kms of tunnels. @Hotel_News_Now @STR_Data please read https://t.co/6vfq74EjYA