W by adding 2 in Italy; Hay Creek grows in New Hampshire – HOTELSMag.com

W Hotels signs 2 in Italy: Marriott International has signed agreements to launch two new W hotels in Italy. The hotels, W Milan – Duomo and W Naples are set to open in 2024 following the recent opening of W Rome and the signing of W Florence in 2021. The W Milan, which was signed with Gruppo Marseglia, was built in the 1920s as a bank. It will include 166 rooms and 36 suites. The W Naples was signed with Solido SpA and also operated as a bank. It will receive a multi-million pound refurbishment and will consist of 78 bedrooms, including 17 suites. The hotel’s interiors will be developed by Rockwell Group and there are plans to add a restaurant, lounge and fitness center. Currently, W Hotels operates 14 properties and residences across Europe, the Middle East and Africa and has new openings planned in Portugal, Greece, Scotland and the Czech Republic.

Nobu expands its presence in Spain: Nobu Hospitality, Miami Beach, Florida, has announced its fifth property in Spain, a hotel and restaurant in Madrid. Nobu enters into a long-term agreement with Millennium Hospitality Real Estate SOCIMI to develop Nobu Hotel Madrid, which is their second project following the recent announcement of Nobu Hotel and Restaurant San Sebastian. An existing office building will be transformed into Nobu Hotel Madrid and will include a three-level Nobu restaurant and bar, rooftop bar, lounge, fitness center and spa. The restaurant will be reimagined by California-based Studio PCH, led by Severine Tatangelo. Studio PCH has designed several Nobu properties, including Nobu Malibu and the Nobu Hotel San Sebastian which will open in 2023. It will be the 11and Nobu Hotel in Europe.

Kessler announces a mixed-use project: The Kessler Collection, Orlando, Florida, announced a US$150 million small-scale mixed-use village development in Cashiers, North Carolina, designed by architect Christian B. Sottile. Cashiers East Village is set to open in 2023 and a third of the property will be open to green spaces and parks. The 24.5-acre development will feature a boutique lodge, mountain chalets, glamping cabins, two full-service restaurants with a rooftop bar, cafe, retail and art spaces, a event pavilion, a retail and community center – Cashiers Hall – and a residential village. The first phase of Cashiers East Village is expected to be completed in 2025 and will be the brand’s sixth property in the Carolinas. The project connects the mixed-use village, the Ramble Greenway Trail and the Village Green located in Cashiers.

Kimpton expands in North Carolina: Kimpton Hotels & Restaurants will open a hotel in downtown Raleigh, NC in late 2025 as part of a 20-story mixed-use development with residences. Owned by New York-based Tidal Real Estate Partners, the hotel will occupy the first six floors and feature 179 rooms, including 20 suites. Earl Swensson Associates will work on the architecture with interiors by INC Architecture and Design. The hotel will also offer three restaurant and bar concepts, including a rooftop bar and lounge, and over 6,500 square feet of event space. When it opens, Kimpton in Raleigh will be the brand’s fourth property in North Carolina.

Mountain View Grand Resort & Spa in Whitefield, New Hampshire

Hay Creek adds in New Hampshire: Hay Creek Hotels, Exeter, New Hampshire, has taken over management of Mountain View Grand Resort & Spa in Whitefield, New Hampshire. Room 141 is one of the last remaining Grand Resort hotels in New Hampshire’s White National Forest. A member of Historic Hotels of America, the hotel sits on 1,600 acres of land and features over 20,000 square feet of event space, multiple restaurants, a spa, a nine-hole golf course, and indoor and outdoor pools. . The complex is set to undergo renovations to its lobby, clubhouse and employee quarters, as well as upgrades to computer systems, a plan for additional event space, a new dining venue and improvements to facilities. existing restaurants.

Will Airbnb leave China? : Airbnb has reportedly closed its domestic operations in China. All listings for homes and experiences in mainland China are expected to be removed by summer. Stays in China represented only 1% of turnover in recent years. Airbnb should instead focus on providing listings for Chinese customers traveling abroad, as Chinese outbound travel has proven to be a better opportunity for the company. Sources said the company would maintain an office in Beijing with hundreds of employees. Airbnb was launched in China in 2016 and has since faced fierce competition from local players. Already considered a complex and expensive platform, Airbnb has encountered new problems since the pandemic. In 2017, in an effort to expand, the company renamed its Chinese operation Aibiying, which was easier to pronounce for Mandarin speakers.

Abrn acquires in Munich: Abrdn Investments Deutschland AG, the German division of the Edinburgh, UK-based Abrn Group, has acquired the 135-room B&B hotel in Munich for a Luxembourg property fund, Abrdn, for an undisclosed price. The seller, Bahrain-based Al Zayani Investments, received legal advice from Baker McKenzie, Frankfurt am Main, while Cushman & Wakefield facilitated the transaction. The buyer received legal advice from LPA-GGV Munich, technical and ESG advice from CBRE and Stuttgart and business advice from GMA, Hamburg and Select Hotel Advisory, Düsseldorf.

Oyo plans to delay the IPO: Oyo Hotels, Gurugram, India, has reportedly postponed plans to launch an IPO this year following a market downturn which will impact its valuation. According to the sources, the company backed by Softbank Group Corp. expects to settle for a lower valuation of around $7-8 billion from the $11 billion it was initially targeting. The board of Oyo, known as Oravel Stays Ltd., has considered changing the timing of the IPO and may launch it in 2023. Oyo’s decision to delay its IPO in stock market could make it a high-profile victim of a global economic downturn in technology. industry. Softbank owns about 47% of Oyo’s capital. In August 2021, when Oyo raised $5 million from Microsoft, it was valued at $9.6 billion.

Raines adds Fairfield Inn: Raines, Florence, SC, has added the 84-room Fairfield Inn & Suites by Marriott Charlestown North/Ashley Phosphate in North Charleston, SC to its portfolio of third-party managed hotels. This agreement marks the fourth third-party managed property in the company’s portfolio of operator-owned properties and the seventh hotel in the Charleston area. The hotel will undergo renovations and upgrades, including new televisions, minor bathroom upgrades, landscaping, and a refresh of parking spaces, curbs, sidewalks, and lobby seating. Trishul Hospitality acquired the hotel in March. Raines and Trishul have a long-term relationship dating back to the pre-development of the Hilton Garden Inn in Mt. Pleasant, SC, which Raines also manages.

Prospects for resumption of travel: As pent-up demand drives the post-pandemic recovery of the travel and tourism sector, the road to recovery still remains long with $4.5 trillion in GDP and 62 million jobs lost in 2020, the latest showed. World Economic Forum report Travel and Tourism Development Index. The difference in international tourist arrivals in January 2021 and January 2022 was as much as the growth throughout 2021. Travel restrictions, vaccination rates and health security, changing market dynamics and choices of consumers as well as the ability of businesses and destinations to adapt will determine how the sector performs. The report asked four business leaders to reflect on the state of the industry’s recovery and the essential conditions for success.

Overview of summer trips: Leisure travel is expected to lead the recovery this summer, but despite waning COVID-19 concerns, it is likely to be hampered by financial strains, Deloitte’s new report found.Back to Getaways: Deloitte’s 2022 Summer Travel Survey.’ According to the survey, 46% of Americans will travel and stay in paid accommodations this summer. While hotels were the preferred choice (79%), 20% of respondents said they were likely to stay in private rentals, with one in seven people using this type of accommodation for the first time this summer. Six out of 10 Americans will travel this summer, up from five out of 10 Americans last year. Travelers will take an average of two trips this summer, with 83% planning to stay in hotels and/or rentals. About 51% plan to fly to their destination and 57% plan to take road trips.

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