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Blue Flag Acquires The Kelley House in Martha’s Vineyard, Partnering With Life House on Management
Life House Hotels | October 5, 2020
MARTHAS VINEYARD, Mass. - Boston-based real estate private equity firm Blue Flag Capital, part of Blue Flag Partners, has acquired The Kelley House, partnering with award-winning Life House through its Life Hospitality independent management platform on the operation of the historic, 57-room boutique hotel. This transaction represents the fourth collaboration between NYC-based Life House and Boston-based Blue Flag. Their partnership continues to prosper, with multiple additional assets under contract in key target markets, and active discussions underway to acquire hotels in Nantucket, Martha’s Vineyard, and Long Island. The Kelley H
Highgate Assumes Management of Trust Hospitality Portfolio of 22 Lifestyle Properties
Highgate | October 5, 2020
New York, NY – Oct. 5, 2020 – Leading real estate investment and hospitality management company Highgate announced today it has assumed management of Trust Hospitality’s portfolio assets, comprised of 22 hotels and resorts – approximately 3,100 rooms – throughout the U.S., Caribbean and Latin America. The portfolio includes a combination of existing and under development hotels and resorts. This transaction increases Highgate’s footprint in the Caribbean and Latin America, and will enable the company to be the leading hotel manager in the region. Trust CEO Richard Millard and Partner/Head of Development Michael Registe
RED Hospitality Selects Pure Wellness for Vessel Sanitization
Pure Wellness | October 5, 2020
RED Hospitality, a leading provider of vertically integrated resort services, has partnered with Pure Wellness to sanitize and disinfect its line of ferries, charter boats and other vessels. Pure Wellness is the global leader in anti-viral and anti-microbial protection for the hospitality industry as well as other businesses and organizations. RED Hospitality (which stands for Resort, Experience and Destination Services) has been working to adapt their cleaning and maintenance procedures to meet the demands of COVID-19. The company understood the need for effective, scientifically-proven methods to help protect its customers and keep t
DCF Is the Most Appropriate Method of Hotel Valuations, Especially During the COVID Era
Akash Datta | October 5, 2020
By Akash Datta, Dipti Mohan In a market like India, where land most often than not is mis-appropriately valued resulting in exaggerated project costs and hotel transactions are limited in number, the only viable methodology that remains relevant especially in the current uncertain & volatile market scenario is that of Discounted Cash Flows (DCF). Moreover, the current pandemic has had an unprecedented impact on the hospitality sector, with hotels being temporarily closed and the sector witnessing all-time low performance metrics, by the virtue of which, assessing the value of a hotel on current income fails miserably. Hotels are ext
Hyatt Signs With TTS Resorts to Develop 345-Room Grand Hyatt Hotel in St. Lucia
Grand Hyatt | October 5, 2020
CHICAGO (October 5, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with TTS Resorts LTD. for the first Hyatt-branded hotel in St. Lucia. The 345-room luxury Grand Hyatt hotel is expected to open in 2023 and signifies Hyatt’s continued brand growth into the Caribbean’s leading travel destinations. A new-build resort, Grand Hyatt St. Lucia will be located on the southwestern corner of the island in Sunset Bay, Choiseul. Grand Hyatt St. Lucia will be a captivating destination, featuring 345 guestrooms, including more than 50 luxury suites; three restaurants tha
DoubleTree by Hilton Opens Beachfront Property in Mazatlán, Mexico
DoubleTree by Hilton | October 5, 2020
MAZATLÁN, Sinaloa, México - Hilton (NYSE: HLT) today announced the opening of DoubleTree by Hilton Mazatlán. The 18-story, 281-room full service hotel just minutes from Mazatlán’s famous Boardwalk is the latest addition to DoubleTree by Hilton, one of Hilton’s 18 market-leading brands. Located in the heart of the “Golden Zone” of Mazatlán, known for having the best restaurants, shops and nightlife, DoubleTree by Hilton Mazatlán features bright and vibrant accommodations with direct beach access and breathtaking views over the Mazatlán Pacific coastline. “We are thrilled to welcome DoubleTree by Hilton Mazatlán as the n
New Holiday Inn Express® Bicester Opens in Oxfordshire
IHG | October 5, 2020
Developed by L+R Hotels, IHG® Hotels & Resorts announces the opening of its newest UK hotel, managed by Atlas Hotels - Holiday Inn Express® Bicester, in Oxfordshire. Just a ten-minute walk from Bicester Village, a top UK shopping destination, a five-minute drive from Bicester town centre and with free on-site parking for guests, this new-build hotel is the ideal base for those looking for a shopping getaway or some local sightseeing. Holiday Inn Express champions simple, smart travel by serving as a no-fuss basecamp where guests can work, rest, relax and recharge. All 149 bedrooms feature the Holiday Inn Express Next Generati
Four Points by Sheraton Expands in Thailand With Opening of Four Points by Sheraton Phuket Patong Beach Resort
Four Points by Sheraton | October 5, 2020
Four Points by Sheraton makes a breakthrough today in Thailand with the opening of Four Points by Sheraton Phuket Patong Beach Resort. With 600 guestrooms, the hotel is conveniently located in the heart of Phuket’s most famous beach destination. Whether travellers are visiting for work or fun, the hotel is sure to cater to the needs of today’s every day traveller with its approachable design, stylish comfort and all of the brand’s popular extras. “We are excited to see the opening of the Four Points by Sheraton brand in a resort destination with the opening of Four Points by Sheraton Phuket Patong Beach Resort,” said Rajeev Menon