The Hotel Times - March 2008 - (Page 34) TRANSACTIONAL FACTS Accor reflagged the Sofitel Paris-Bercy, bringing it into the company’s new Pullman upscale brand. The move is part of Accor’s repositioning plan. El Conquistador renovation is golden Puerto Rico’s 500-acre El Conquistador Resort & Golden Door Spa in Las Croabas culminated its $120million property renovation that included 750 newly refurbished guestrooms and suites, and the opening of the Coqui Water Park. LUXURY RESORTS & HOTELS Spotlight EUROPE Wyndham Hotel Group announced an exclusive development agreement with Ukrainian Hotels LLC to build 15 Ramada Encore hotels over the next 10 years throughout Ukraine. Ukrainian Hotels LLC will franchise and manage the properties. Fairmont St. Andrews is undergoing a £10-million refurbishment program that touches on all major aspects of the resort including 115 guestrooms, the spa, the lobby and additional public areas. The project also includes the addition of a sports-themed bar and renovations to the 15,000-square-foot conference center. A further phase of guestroom refurbishment will begin in winter 2008. Russia. The 319-room Moscow hotel is likely to open in April 2009. Starwood Hotels and Resorts Worldwide entered into an agreement to sell the Westin Excelsior and the Des Bains in Venice Lido and the Villa Cipriani in Asolo in Italy together with certain ancillary assets to Est Capital. MIDDLE EAST/AFRICA InterContinental Hotels & Resorts signed an agreement with H.E. Mohammed Bin Ajaj Al-Kubaisi to develop InterContinental Doha West Bay in Qatar, which is targeted to open by March 2009. The 540-room property will comprise both hotel rooms and serviced apartments. C O M P I L E D BY C H E RY L H I G L E Y Want your deal to be listed in transactions? Please include the following items: the property or properties involved; the buyer(s); the seller(s); and the purchase price if applicable. Send releases to Emily Hanna, associate editor at ehanna@questex.com. Affiliates of Global Hyatt Corp. signed an agreement with Vivico Real Estate GmbH to operate a new 405-room Grand Hyatt in Frankfurt, Germany, that is slated to open in 2011. Korea’s Lotte Hotel Group has announced its first hotel development in The Rezidor Hotel Group is renovating an existing hotel and will reflag it as the 333-room Radisson Tripoli in Libya. InterContinental Hotels Group signed an exclusive franchise development agreement with Siraj Capital Ltd. to 34 The Hotel Times March 2008 www.TheHotelTimes.com http://www.TheHotelTimes.com
Table of Contents Feed for the Digital Edition of The Hotel Times - March 2008 The Hotel Times - March 2008 Business Outlook Editorial Outlook Contents Conference Preview Capital Outlook What's Driving Growth? European Outlook Development Outlook Fractional Outlook Branding Source List Insurance Outlook Brokers Update Brokerage Outlook Lodging's Balancing Act Transactional Facts Lending Outlook Lenders Source List In Closing The Hotel Times - March 2008 The Hotel Times - March 2008 - The Hotel Times - March 2008 (Page Cover1) The Hotel Times - March 2008 - The Hotel Times - March 2008 (Page Cover2) The Hotel Times - March 2008 - Business Outlook (Page 1) The Hotel Times - March 2008 - Editorial Outlook (Page 2) The Hotel Times - March 2008 - Editorial Outlook (Page 3) The Hotel Times - March 2008 - Contents (Page 4) The Hotel Times - March 2008 - Contents (Page 5) The Hotel Times - March 2008 - Conference Preview (Page 6) The Hotel Times - March 2008 - Conference Preview (Page 7) The Hotel Times - March 2008 - Capital Outlook (Page 8) The Hotel Times - March 2008 - Capital Outlook (Page 9) The Hotel Times - March 2008 - What's Driving Growth? (Page 10) The Hotel Times - March 2008 - What's Driving Growth? (Page 11) The Hotel Times - March 2008 - What's Driving Growth? (Page 12) The Hotel Times - March 2008 - What's Driving Growth? (Page 13) The Hotel Times - March 2008 - What's Driving Growth? (Page 14) The Hotel Times - March 2008 - What's Driving Growth? (Page 15) The Hotel Times - March 2008 - European Outlook (Page 16) The Hotel Times - March 2008 - European Outlook (Page 17) The Hotel Times - March 2008 - Development Outlook (Page 18) The Hotel Times - March 2008 - Development Outlook (Page 19) The Hotel Times - March 2008 - Fractional Outlook (Page 20) The Hotel Times - March 2008 - Fractional Outlook (Page 21) The Hotel Times - March 2008 - Branding Source List (Page 22) The Hotel Times - March 2008 - Insurance Outlook (Page 23) The Hotel Times - March 2008 - Brokers Update (Page 24) The Hotel Times - March 2008 - Brokers Update (Page 25) The Hotel Times - March 2008 - Brokers Update (Page 26) The Hotel Times - March 2008 - Brokers Update (Page 27) The Hotel Times - March 2008 - Brokerage Outlook (Page 28) The Hotel Times - March 2008 - Brokerage Outlook (Page 29) The Hotel Times - March 2008 - Lodging's Balancing Act (Page 30) The Hotel Times - March 2008 - Lodging's Balancing Act (Page 31) The Hotel Times - March 2008 - Lodging's Balancing Act (Page 32) The Hotel Times - March 2008 - Lodging's Balancing Act (Page 33) The Hotel Times - March 2008 - Transactional Facts (Page 34) The Hotel Times - March 2008 - Transactional Facts (Page 35) The Hotel Times - March 2008 - Lending Outlook (Page 36) The Hotel Times - March 2008 - Lenders Source List (Page 37) The Hotel Times - March 2008 - Lenders Source List (Page 38) The Hotel Times - March 2008 - Lenders Source List (Page 39) The Hotel Times - March 2008 - In Closing (Page 40) The Hotel Times - March 2008 - In Closing (Page Cover3) The Hotel Times - March 2008 - In Closing (Page Cover4)
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