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YOTEL Plans Major International Expansion

YOTEL Plans Major International Expansion

New York, NY – YOTEL has announced global expansion plans targeting key city centers and international airports in Asia, Europe and North America.

More than 3,000 cabins are scheduled to open by 2018, including YOTEL hotels in Singapore, Paris, Miami, San Francisco and a second property in New York City.

Initially conceived for busy international travelers at airport terminals, YOTEL’s concept proved highly successful in urban centers with the opening in 2011 of the 669-room YOTEL Times Square developed by the Related Companies, one of New York City’s most prolific developers.

Designed around the customer, YOTEL cabins deliver affordable luxury without the clutter through small but smart spaces, providing everything for a guest to relax, refresh, sleep and connect.

Typically located in easily accessible, fast upcoming neighborhoods, YOTEL hotels offer a sense of community as well as space for work and social gatherings, and provide an ever-improving guest experience.

In addition to New York, Miami and San Francisco, YOTEL is in advanced negotiations to operate new properties in Boston, Atlanta, Austin, Chicago, Los Angeles, Seattle and Toronto. Outside North America, the company is actively pursuing opportunities in Europe and Asia Pacific, in particular Dubai, London, Milan, Barcelona, Sydney and Hong Kong.

YOTEL’s next 3 locations to open in the U.S. are in Miami, Brooklyn’s Williamsburg and San Francisco’s Mid-Market neighborhood. New York-based real estate developer Synapse Capital is developing a 100,000 square foot mixed-use project along with 110 YOTEL cabins in the heart of Williamsburg, Brooklyn.

Together with IFA Hotels & Resorts and its partners, Synapse is also transforming the Grant Building at 1095 Market Street in San Francisco into a 200-cabin YOTEL hotel. YOTEL Miami is a 250-cabin hotel being developed by Aria Development Group in partnership with AQARAT (Kuwait Real Estate Company) in the heart of Downtown Miami.

In Europe, YOTEL is developing its fourth airport hotel at Paris Charles de Gaulle airport, which is due to open in mid-2016. The following year, YOTEL will open its first property in Asia with the launch of YOTEL Singapore on ultra-prime Orchard Road.

Developed by Singapore-listed Hong Fok Corporation Limited, YOTEL Singapore will feature 600 state-of-the-art cabins located at the heart of the city-state’s busiest commercial strip and steps away from all major tourist attractions.

12/23/2014

Trans World Acquires Four-Star German Hotel

New York, NY – Casino owner and operator Trans World Corporation has acquired the Hotel Columbus, a modern, four-star 117-room business hotel property, located in the suburb of Seligenstadt, Germany, for $8 million.

Hotel Columbus was acquired for approximately $8 million, inclusive of taxes and closing costs, with approximately $3.3 million of equity from TWC’s available cash and approximately $4.7 million, of local bank financing.

Located near both downtown Frankfurt and Frankfurt international Airport, the Hotel Columbus features five meeting rooms equipped with the latest conference technology, a spacious restaurant and separate breakfast room, each with its own kitchen, two full-service bars, a 32-space parking garage and a 27-space surface parking lot.

Frankfurt, Germany’s fifth largest city, is home to the European Central Bank, Deutsche Bundesbank, Frankfurt Stock Exchange and several other large commercial banks, and ranks amongst the world’s leading financial center.

Trans World Corporation, founded in 1993, is a publicly traded, Nevada corporation, headquartered in the U.S., with all of its gaming and hotel operations in Europe.

11/04/2014

Gansevoort Plans New Hotel in Dominican Republic

New York, New York – The Gansevoort Hotel Group will officially open its doors December 15, 2014 to its latest oceanfront resort – the Gansevoort Playa Imbert – on the Dominican Republic’s north coast.

The new Gansevoort Playa Imbert will feature 48 suites comprised of one and two-bedroom lofts; three-bedroom apartments with private plunge pools and spacious terraces; and a collection of four-bedroom penthouses, each of which offers a private rooftop Jacuzzi.

Floor-to-ceiling windows “seamlessly blend the outdoors with the indoors offering dramatic seascapes from every guestroom, while modern interiors provide understated opulence with standard amenities like state-of-the art kitchens, walk-in showers, custom bathtubs and natural stone finishes,” the company said.

At the resort’s center is a dramatic, 3-tiered cascading infinity pool overlooking Playa Imbert’s crescent-shaped beach. A second, adults-only pool will open spring 2015.

Other planned amenities include a fitness center, a world-class day spa featuring a ‘Hammam-style’ sauna, and a meditation and yoga garden.

Gansevoort Playa Imbert is located just 15 minutes from Puerto Plata Airport and a short drive from renowned surfing, kiteboarding, golf, tennis, horseback riding and more.

Further luxury accommodation will become available in this area of the Dominican Republic’s north coast region when Aman Playa Grande opens in 2015.

10/20/2014

Waldorf Astoria Hotel Sold to Chinese Investors

New York, NY – China’s Anbang Insurance Group Co. has agreed to pay $1.95 billion for New York City’s iconic Waldorf Astoria hotel, the most ever paid for a standing building in the US by a Chinese buyer.

The purchase of the 1,232-room Art Deco tower on Park Avenue is the biggest real estate deal for a single existing hotel in the entire country and marks the high-water mark of a surge in the acquisition of big-ticket New York City properties by Chinese investors.

Earlier this year, Shanghai-based Greenland Holding Group Inc. purchased this year of a 70 percent interest in the Atlantic Yards project in Brooklyn. The project, recently renamed Pacific Park, includes 14 buildings that are yet to be built.

China’s Fosun International Ltd. paid $725 million in late 2013 for lower Manhattan’s 1 Chase Manhattan Plaza, the former headquarters of Chase Manhattan Bank. The building’s main tenant, JPMorgan Chase & Co., has said it will vacate most of its space in the 60-story tower.

Earlier last year, a group including the co-founder of Shanghai’s Soho China Ltd., put $1.4 billion on the table to acquire a 40 percent stake in midtown Manhattan’s General Motors Building, one of New York’s most-valuable office towers.

According to press sources, including Anbang’s purchase of the Waldorf from Hilton Worldwide Holdings Inc., Chinese investors will have bought $2.7 billion of New York-area real estate in 2014, topping last year’s $2.6 billion.

Anbang is reportedly planning a major renovation of the Waldorf, which could include the conversion of some of the hotel’s upper floors into high-end condominiums.

10/07/2014

Hyatt Opens New Hotel in Suzhou, China

Suzhou, China – Hyatt Regency Suzhou has announced the opening of its new Hyatt Regency Suzhou Hotel.

Located in the Suzhou Industrial Park (SIP) with a subway station at its doorstep, the new hotel is part of Jinghope Plaza, a new complex project that includes a luxury shopping mall, entertainment venues and two ‘Grade-A’ office buildings.

Hyatt Regency Suzhou is a key connecting point between Suzhou and Shanghai, offering easy accessibility to visiting guests.

The hotel is 25 minutes by train from Shanghai, one hour by car to Shanghai Hongqiao International Airport, and 10 minutes by car to Suzhou SIP Railway Station, the transportation hub of Yangtze River Delta region.

The hotel offers 355 spacious guestrooms and suites plus a Regency Club. In addition, there are five restaurants and lounges, more than 15,000 square feet of meeting, event and wedding venues, spa and wellness facilities, and a 25-meter indoor swimming pool on the third floor with floor-to-ceiling city views.

The 24-hour fitness center offers the latest cardio and strength equipment, which enables guests to share their workout stats via social media.

The hotel was designed by LTW Designworks and features a 29-story triangular atrium topped with a glass roof. The interior design “is inspired by Suzhou’s classic gardens offset by large-scale contemporary artworks and abstract patterns that reference the modern face of Suzhou,” the company said.

09/02/2014

Global Market Advisors Open New Office in Thailand

Las Vegas, NV – Global Market Advisors LLC, the international casino gaming, hospitality and travel industry consultancy, has opened an Asia regional office in the central business district of Bangkok, Thailand.

The new office will support the firm’s clients located in the region in an advisory capacity in areas such as financial feasibility,  marketing strategies, and government relations for companies in the casino gaming, hospitality, airlines, and financial industries.

Global Market Advisors, LLC and its casino gaming industry consulting division, Gaming Market Advisors, has a significant history in advising clients in South Korea, Thailand, Singapore, Japan, Taiwan, Philippines, and eastern Russia.

The firm also has a strong presence in the US servicing a myriad of clients in the casino gaming and hospitality industries from offices in Denver, Colorado, and Las Vegas, Nevada.

08/15/2014

Hard Rock Developing New Hotel Property in Mexico

Orlando, FL – Hard Rock International has begun construction on a new hotel in Cabo San Lucas, Mexico, that will feature 600-rooms, six restaurants, multiple pool sites, several spas, and 54,000 square feet of meeting and conference space.

The new hotel is the company’s fourth in Mexico and is slated for completion in 2016.

With a total of 186 venues in 57 countries, including 142 cafes, 20 hotels and 9 casinos, Hard Rock International also owns, operates and franchises Cafes in several cities including London, New York, San Francisco, Sydney, and Dubai.

In addition HRI also owns, licenses and/or manages hotel/casino properties worldwide such as its two most successful Hotel and Casino properties in Tampa and Hollywood, Fl., both owned and operated by HRI parent, The Seminole Tribe of Florida, as well as other locations including Bali, Biloxi, Chicago, Cancun, Ibiza, Las Vegas, Palm Springs, San Diego and Singapore.

Upcoming new Hard Rock Cafe locations include Seoul, Vienna, and Marseille, while new hotel projects include Daytona Beach, Abu Dhabi, and Shenzhen and Haikou in China.

07/28/2014

 

Starwood Opens New Hotel in Fiji

Stamford, CT – Starwood Hotels & Resorts Worldwide has expanded its resorts portfolio with the opening of Sheraton Resort & Spa, Tokoriki Island, Fiji.

Owned by local Fijian proprietary company, Ritam Investments Ltd, part of the P Meghji Group, the previously independent resort underwent an extensive $18.5 million renovation and conversion project prior to Sheraton’s acquisition.

The debut of Sheraton Resort & Spa, Tokoriki Island, Fiji, marks the Sheraton brand’s eighth property in the Pacific region and Starwood’s fourth operating property in Fiji, joining the Sheraton Fiji Resort, the Sheraton Denarau Villas and The Westin Denarau Island Resort & Spa.

The Sheraton Resort & Spa, Tokoriki Island, Fiji, is situated on a 35-acre beachfront property in the south-western corner of Tokoriki Island, the northernmost island within Fiji’s Mamanuca group.

Guests can reach the island via a 12-minute helicopter flight from Nadi or a one-hour boat ride. Fiji is the most easily accessible Pacific island nation and serviced by a number of carriers including Fiji Airways, with direct flights to Nadi out of Sydney, Melbourne, Brisbane Auckland, Los Angeles, Seoul and Hong Kong.

As one of Fiji’s largest high-caliber island resorts, Sheraton Resort & Spa, Tokoriki Island, Fiji, will feature a total of 101 guestrooms and suites, including 30 Tokoriki Retreats with private plunge pools.

Additionally, the resort will offer 14 Beachfront Rooms, 14 Ocean Breeze Rooms, 18 Ocean View Rooms, seven Family Suites and 18 Island Breeze rooms, as well as complimentary wireless broadband, an outdoor swimming pool, fitness center, tennis courts, kids club, two boutiques, a theater accommodating up to 50 guests, and a contemporary spa with four serene treatment rooms and a wide range of relaxation packages.

06/18/2014