News dalla rete ITA

20 Maggio 2022

Stati Uniti

BRIEFS: HYATT-GENCOM’S BIG MIAMI PROPOSAL; IHG GROWTH IN DACH

Hyatt, Gencom propose major Miami redevelopment: Hyatt Hotels Corp. and Miami-based luxury hospitality and residential developer Gencom presented on Tuesday to a Miami River Commission meeting their vision for redeveloping the downtown city-owned Miami Hyatt Regency site with a privately funded mixed-use project with a three-tower, ARQUITECTONICA-designed project that includes 1,500 residences, a 615-room flagship Hyatt Regency, 190,000 square feet of event space, improved access in and out of the urban core and open-air public space along the Miami River. The Hyatt-Gencom JV is currently negotiating terms of a ground lease extension with city of Miami staff. If approved by commissioners this summer, the measure would be brought to voters during a November 2022 referendum. If approved, construction on the Hyatt Regency Miami site is expected to begin in 2025. The proposed development seeks to amend and restate the ground lease that ushered in development of the existing Hyatt hotel in the early 1980s to include, without limitation, an extension of the lease renewal term from 45 to 99 years.IHG growth in DACH: IHG Hotels & Resorts has extended its multi-property development agreement for the DACH region (Germany, Austria and Switzerland) and said it has expanded the growth ambition to Italy and Poland. In 2022 alone, tristar GmbH will open four new Holiday Inn Express hotels and a Hotel Indigo in Vienna, marking the brand’s entry into the Austrian market. The announcement is a further development of IHG’s existing partnership with tristar GmbH, which is set to include 60 hotels by 2035 with openings across all IHG collections including Luxury & Lifestyle, Premium and Essentials brands in Germany, Austria, Switzerland, Italy and Poland. The DACH region continues to be a key strategic market for IHG, with 88 hotels currently open in Germany and 27 pipeline properties, including those operated by tristar GmbH. In Austria and Switzerland there are currently 17 hotels under operation, and six properties in the pipeline. The most recently signed deal is for the Holiday Inn Express & Suites Monheim am Rhein, which is scheduled to open in November 2024 in the city between Cologne and Dusseldorf.Leisure leads Hyatt rebound: Led by Apple Leisure Group Americas revenues and profits, Hyatt Hotels Corp. reported 1Q22 earnings with lightened losses at US$73 million compared to US$304 million in 2021, as well as over a 100% surge in comparable system-wide RevPAR from the prior year. Record levels of leisure demand fueled nearly 60% of Hyatt’s rooms revenue in the quarter with continued outperformance at resorts and all-inclusive properties. Hyatt noted comparable system-wide RevPAR was -37% below 2019 in January and improved to 9% below in April. For April 2022, Americas and EAME/SW Asia exceeded April 2019 RevPAR by 3% and 1%, respectively. Hyatt also reported 1Q EBITDA of US$200 million, which was above consensus of US$132 million. Hyatt CEO Mark Hoplamazian said the company expects the rate of recovery to broaden and strengthen in the months ahead as evidenced by the strong pace of actualized and future bookings for business and group travel. The company also updated its asset disposition commitment, whereby the company expects to net US$812 million in proceeds from either sales or signed management agreements made in the first quarter. In total, the company expects to sell US$2 billion worth of real estate by the end of 2024. (ICE MIAMI)


Fonte notizia: https://sfbwmag.com/