McNeill brings 12 hotels to jv; first Avani hotel in Australia – HOTELSMag.com

McNeill forms joint venture with Prospect Ridge, Fulcrum Hospitality: McNeill Investment Group, Germantown, Tennessee, formerly known as McNeill Hotel Investors, has entered into a strategic partnership with New York-based Prospect Ridge and Jersey-based Fulcrum Hospitality, NJ, bringing 12 of its brands high-end, newer and 100% owned. from select-service and extended-stay hotels in dynamic university and medical center submarkets to partnership. McNeill retains property management responsibility for all properties controlled by the partnership and will expand its portfolio of third-party owned and managed hotels, including its current focus on extended-stay and select service properties from the Marriott brands, Hilton and Hyatt across the US property management missions will be organized under McNeill Hotel Co., with the Prospect Ridge JV and McNeill Hotel Co. units of the new McNeill Investment Group. McNeill also entered into its property management and investment relationship with Almanac Realty Investors, a unit of New York-based Neuberger Berman.

Real IS acquires 2 in Germany: Real IS AG, Munich, Germany, has acquired the Hampton by Hilton and Premier Inn in Stuttgart, Germany from a project company of the Matthaus Schmid Group, based in Baltringen, Germany. The terms of the contract are not disclosed. Completed in 2021, the two properties total 300 rooms and offer approximately 15,600 square meters of space. Both hotels have long-term leases and operators with high credit ratings.

Rendering of the Avani Mooloolaba Beach Hotel in Mooloolaba, Australia

Minor announces the first Avani in Australia: Minor Hotels, Bangkok, Thailand, will launch its Avani Hotels & Resorts brand in Australia with a new property in Mooloolaba on Queensland’s Sunshine Coast. Designed by Cottee Parker Architects and developed by Kenneth Wagner of KPAT, the 180-room Avani Mooloolaba Beach Hotel will open in 2023 and open in 2025. The hotel will expand the Avani brand to the country, which currently consists of four Avani brands. residential properties in Adelaide, Melbourne and the Gold Coast. Minor Hotels also manages a portfolio of over 530 properties on six continents, including 65 Oaks Hotels, Resorts and Suites in Australia and one NH Collection property currently under construction.

OTO Development acquires Doubletree by Hilton: OTO Development, Spartanburg, South Carolina, has acquired DoubleTree Beach Resort by Hilton Tampa Bay-North in North Redington Beach, Florida from the hotel’s original private ownership group for an undisclosed price. Built in 1987, the seven-story, 125-key hotel faces the Gulf of Mexico. OTO Development will implement large-scale efficiencies in operations, revenue management and marketing support, with a full refurbishment planned from late summer 2023. The refurbishment will see a complete refresh in all common areas , improvements to the exterior of the property and aesthetic updates and bath upgrades in the guest rooms. The hotel will remain open during the renovations and once complete will operate under the DoubleTree by Hilton flag. The deal was brokered by The Plasencia Group, Tampa, Fla., and closed on Monday. The hotel is the 10e beachfront property that has been acquired by OTO since Q4 2018 and one of seven along Florida’s shores.

Fire Island Resort Professions: Bowline Hospitality Group, Key West, Florida, has acquired the Ice Palace Resort on Fire Island, New York, for $7.2 million. The sale includes the 63-key Grove Hotel and the Ice Palace nightclubs, accessible only by boat. The seller was represented by Mitch Muroff of Muroff Hospitality Group, who also secured the buyer. First National Bank of Long Island provided a loan on the deal, but the amount was not disclosed. Bowline plans to renovate and improve the properties. The Grove Hotel opened in 1885 as Perkinson’s Hotel and later renamed Duffy’s. This was replaced by the Cherry Grove Hotel in 1958. In 2015, the property was nearly destroyed by fire, after which it reopened as The Grove.

A Spanish bank sells a portfolio of 23 assets: SAREB, Spain’s “bad bank” owned by the country’s banks, has sold a portfolio comprising 23 commercial assets for tourist use for 235.4 million euros ($238.57 million) to an undisclosed buyer. The portfolio consists primarily of real estate properties as well as certain loans secured by income-producing assets. The properties included in the sale include hotels, tourist apartments and aparthotels totaling 1,729 keys spread across the provinces of Malaga, Murcia, Almeria, Madrid and Valencia.

Kimpton’s first European resort: Kimpton Hotels & Restaurants has announced its first resort hotel in Europe, which will open in Mallorca, Spain this summer. Designed by local architect Guillermo Reynes, the 79-key Kimpton Aysla Mallorca will offer workshops by reservation with resident artisans on the island to educate guests on local traditions, as well as a program of fitness activities and well-being. The hotel also includes two outdoor swimming pools, two restaurants and two bars. IHG Hotels & Resorts’ Kimpton brand will open seven properties globally this year and is also set to debut in Bali this year, with openings planned in Mexico, Germany, China, Malaysia, the Netherlands and the Netherlands. Hong Kong in the next three to five years.

Novotel adds in Australia: Singapore-based Accor and Fragrance Group Ltd. announced Novotel Devonport in Tasmania, Australia. With construction nearing completion, the 187-key hotel is expected to open in the fourth quarter of this year. Designed by Lyons Architecture, the hotel was to be a horizontal land bridge, visually linking the River Mersey to the city of Devonport. Kreat Studio, headquartered in Singapore, is working on the interior design of the hotel. The hotel is collaborating with local photographer Nuala Byme to work on a mural of the Northwest Tasmanian landscape, which will be featured behind the headboards in each room. The hotel will mark Fragrance Group’s fifth project in partnership with Accor in Australia.

Sunstone Hotel Investors joins the S&P SmallCap 600: Sunstone Hotel Investors, Irvine, Calif., will replace Vonage Holdings Corp. in the S&P SmallCap 600 as of the opening of markets on July 21.

Palsociety launches a culinary branch: Palisociety, Los Angeles, California, is launching its culinary unit, Palisociety Dining Group, this summer. The unit will focus on developing the restaurant concept and evolving the company’s presence in the foodservice industry under the leadership of new Creative Director of Food & Beverage Casey Lane and new Managing Director of Food & Beverage. Beverage Will Marquardt. Currently, Palisociety operates 17 food outlets and will add four new locations at three new hotels this year. In 2023, Palisociety will add 10 more sites in nine new hotels. Palisociety Dining Group will focus on a new F&B model, which will be based on the creation and development of four key concepts across the portfolio – Italian, French, All Day and Mediterranean – which will be implemented in hotels based on their market, culinary history and spectators.

Sentral, Airbnb collaborate: Sentral, Denver, Colorado, has partnered with Airbnb to allow eligible Sentral residents to host their properties exclusively on the booking platform. Sentral residents can now list their apartments on Airbnb in all Sentral communities. Sentral’s Home Sharing Manager will help residents manage their listings, availability, rates and photos. Sentral residents will be able to share up to 150 nights per year and will be covered under Airbnb’s existing policies.

Confidence in European aviation slips: Consumer confidence in the European aviation industry has declined, which began the last week of May and has gradually deteriorated, with last minute bookings in the week to July 10 falling by 44%, compared to at 2019 levels, according to data from ForwardKeys. According to recent trends in intra-European flight bookings in July and August and changes in seat capacity, airports are struggling to meet growing demand due to staff shortages and reports of flight cancellations. Bookings from Amsterdam fell by 59% and from London by 41%. The disruption to traveler schedules is indicated by the increase in partial cancellations and changes in total bookings, which jumped to 36% from May 30 to July 10 (compared to 13% in 2019). Amsterdam and London are the cities most affected by the slowdown. At the end of May, bookings for Amsterdam for July-August were 9% below 2019 levels and those for London were 9% higher. The numbers came back to 22% and 2% behind, respectively, which equates to a slowdown of 13 percentage points from Amsterdam and 11 percentage points from London. Intra-European seat capacity also fell by 5% across the continent, with Amsterdam and London suffering the biggest declines at 11% and 8% respectively.

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