AccorHotels will be restructuring a portfolio of 31 hotels (consisting of 4,097 rooms) in Australia after reaching an agreement with a wholly-owned subsidiary of the Abu Dhabi Investment Authority. The agreement involves a portfolio which was purchased by the ADIA subsidiary in 2013 and operated by AccorHotels.
Under the restructure of the portfolio of 31 hotels, AccorHotels will convert 15 triple-net leases into 50 year management agreements and extend the management term of one hotel also to 50 years (total 16 hotels). AccorHotels (HotelInvest) will also acquire the real estate of the remaining 15 ibis and ibis Budget branded properties for AU$200 million (€137 million). The hotels are located in prime locations including Sydney’s Darling Harbour, Sydney Olympic Park and in Canberra, Australia’s Capital City. The portfolio is also spread across city and regional locations in New South Wales, Victoria, Northern Territory, Western Australia and Queensland and encompasses the Pullman, Novotel, Mercure, ibis, ibis Styles and ibis Budget brands.
The acquisition will be accretive to AccorHotels’ EBIT in 2017 and will further strengthen its market leadership position in Australia by securing tenure on key assets. Completion of the acquisitions is subject to the usual conditions for this type of transaction, as well as regulatory approvals.
The Warehouse Hotel which was one of the most highly-anticipated hotels to open in Singapore this year has now officially become part of Design Hotels under the portfolio of Starwood Hotels and Resorts. What this means for us point-chasers is that you will now be able to earn Starpoints on eligible room and F&B spend at The Warehouse Hotel.
The Pan Pacific Hotels Group (PPHG) has just officially opened the flagship Pan Pacific Beijing on 20 August 2017 where Mr. Larry Lv was also recently appointed as the General Manager of this 220-room property. Located at the gateway of the Xicheng District, the Pan Pacific Beijing is walking distance from the Beijing Financial Street as well as famous landmarks like the Forbidden City.
Escape to Hotel Vagabond, A Tribute Portfolio Hotel, Singapore on weekends when you book the Maxout Weekends package which starts from just S$265++ per night! Enjoy a complimentary late check-out at 2:00PM as well as a choice of breakfast or a 3-course set lunch by Chef Aaron.
ANA is set to open a brand new 300-seat Japan-theme food court in Terminal 2 of the Changi Airport. For those of you familiar with the airport, this newly-planned food court which will become the airport's largest restaurant, will occupy the space where Seafood Paradise and Fish & Co used to be.
AccorHotels has just unveiled Kuala Lumpur's very first Sofitel-branded property in Damansara - the Sofitel Kuala Lumpur Damansara. Located in the affluent neighbourhood of Damansara Heights, the 312-room property is part of an 8.5-acre integrated development by GuocoLand which comprises of two condominum blocks, office towers and a lifestyle mall.
The Seoul Dragon City is South Korea's first lifestyle hotel-plex that will feature four distinct AccorHotels brands (a grand total of 1,700 rooms and suites), 11 restaurants and bars, 17 meeting rooms, two multi-function grand ballrooms and four floors of entertainment in a Sky Bridge that is suspended between two of the towers.
After being closed for slightly over two months, the famous Tea Lounge in Regent Singapore (who has only quite recently gotten her first Michelin-star restaurant in Summer Palace) will be re-opening on 12 August 2017 (Saturday). The newly-refurbished Tea Lounge will feature 96 seats in an approximate 185 sqm space and it will be the creative space for Gold culinary
Olympian Pastry Chef Alex Chong and his team to showcase their delectable sweets
Slated to open in January 2018, Hyatt Centric Ginza Tokyo is set to become Asia's first Hyatt Centric hotel. The relatively new brand by Hyatt offers full-service lifestyle hotels that are strategically located and they have been created for the millennial travellers in mind. The Hyatt Centric Ginza Tokyo will join the current portfolio of three (Park Hyatt Tokyo, Andaz Tokyo Toranomon Hills, Grand Hyatt Tokyo and Hyatt Regency Tokyo) to become the fifth property to open in the city of Tokyo.
Sofitel Foshan by AccorHotels has just opened in the city of Guangdong in China. The 5-star luxury property is located in China Leading Furniture City – Lecong in Shunde and it offers a direct connection to the 200,000 square-metre Louvre International Exhibition Centre, a destination hub for design aficionados. Sofitel Foshan is the brand’s first property to debut in Foshan and the 23rd property in the Greater China network.
Conrad Bali will be presenting a limited-time "Yum Cha Festival" in August 2017 which will showcase unique steamed and fried gourmet dim sums and Peking duck at the Suku Restaurant (which is located in Conrad Bali Suites.), its all-day-dining restaurant and also Azure, pool-side bar. The buffet spread will also feature dishes prepared by Chinese Executive Chef Simon Leung of Conrad Beijing.