MONTH IN REVIEW
MONTH IN REVIEW
www.hotelowner.co.uk
HOTEL BRANDS
Indian Hotels
Company to
introduce Vivanta
at London
Heathrow Airport
The Indian Hotels Company (IHCL),
India’s largest hospitality company
will launch its Vivanta brand with a
hotel at Heathrow Airport in London in
partnership with Hayre Group.
The Vivanta brand from the IHCL
caters to the upscale segment of
business and leisure travellers.The new
Vivanta hotel is a Greenfield project
slated to open in 2021, conveniently
located across from Terminals 1, 2 and
3 at Heathrow Airport.
The hotel will have approximately
108 rooms, an all-day-diner, a bar and
lounge, gym as well as banqueting and
meeting space facilities. Additionally,
the hotel will house the fourth outpost
Bombay Brasserie.
Puneet Chhatwal, managing
director and chief executive officer at
IHCL, said: “IHCL was the first Indian
hospitality company to foray into the
United Kingdom with the iconic St.
James’ Court hotel in 1982. Today, we
are proud to partner with Hayre Group
Limited in bringing the first Vivanta
branded hotel to London.
“This signing is in line with our
growth strategy of adding hotels in key
locations globally.”
Talwinder Hayre, director of Hayre
Group, added: “We are delighted
to partner with The Indian Hotels
Company Limited in introducing the
Vivanta brand to the UK market. We
look forward to bringing the legendary
Indian hospitality to London Heathrow,
one of the busiest airports in the world.”
IHCL also operates the St. James’
Court hotel, A Taj Hotel and the
luxury Taj 51 Buckingham Gate Suites
and Residences located next to
Buckingham Palace.
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APPOINTMENTS INVESTMENT
Budget hotel brand Easyhotel has
appointed Gary Burton as its new CFO,
replacing Marc Vieilledent, who will
become group development director.
Burton was previously finance
director of Nuffield Health, having held
a variety of senior finance and treasury
roles during a nine-year career with
Kingfisher. Prior to that he qualified
as an associate member of corporate
treasurers at Hewlett Packard.
As group development director
Vielledent will have responsibility
for leading the group’s development
strategy, and will step down as from his
current position as CFO in October.
CEO Guy Parsons said: “I am
delighted to welcome Gary as CFO.
With his commercial approach and
considerable international experience,
Gary will make a great addition to
our board. I am also delighted that
Marc is taking on the role of group
development director. In his new
role, he will more directly impact the
success of the company’s strategy.
“Marc’s considerable experience in
the hotel sector in Europe means he
is ideally suited to drive this strand of
our longer-term vision. Marc has been
an outstanding CFO and we are very
grateful for his significant contribution
to the group in that role to date.” Hotel real estate investment in Europe
reached €21bn (£18bn) in the 12 months
to Q2 2018, representing a 5.8% increase
in transaction volumes year-on-year.
According to the latest data from
global real estate advisor CBRE, total
investment volumes of all real estate
sectors in Europe saw an increase
of 4% on the same period last year,
driven by “robust growth and continued
investor demand”.
UK hotel investment volumes
accounted for €8.2bn (£7.3bn),
reflecting a 95.1% increase year-
on-year, and a notable recent deal
included the Project Ribbon pan-UK
portfolio of mainly Holiday Inn hotels,
which sold for £742m in May.
Germany was Europe’s second largest
hotel investment market in the first
half of 2018, with investment volume
increasing by 5.8% year-on-year,
reflecting an increase in market liquidity.
Olivia Kaussen, CBRE Germany,
said: “Germany continues to be a key
country market for hotel investment,
attracting an increasing amount of
foreign capital. In the first half of 2018
German hotel transaction volumes
reached €1.9bn (£1.6bn) and this was
attributed to a number of large single
asset transactions.”
Easyhotel
announces board
member shake up
European hotel
investment
reaches €21bn in
Q2 2018
QUOTE OF THE MONTH
“We are providing every support to all affected
staff and very much hope that a sale can
be secured to allow this iconic building to
continue to operate as a hotel.”
That’s what Raj Mittala, partner at specialist business advisory firm
FRP Advisory, said about the closure of the Feathers Inn hotel over a
Legionnaires’ outbreak in 2017 which caused the death of a guest.
September 2018