Luxury Hotelier - September 2007 - (Page 11)

Luxury development pipeline Top cities in global hotel development: (ranked by number of guestrooms under construction) Market Dubai Macau Shanghai Beijing Abu Dhabi, UAE Hong Kong Tianjin, China Doha, Qatar London Bangalore, India Five-star Hotels Rooms 75 29 32 25 29 6 14 15 11 14 31,168 21,388 10,183 8,883 9,124 1,665 4,978 3,735 2,249 3,989 Four-star Hotels Rooms 48 4 19 16 18 31 10 10 24 10 15,102 1,949 4,809 4,469 3,507 7,138 2,504 3,119 4,353 1,794 Total luxury pipeline Hotels Rooms 123 33 51 41 47 37 24 25 35 24 46,270 23,337 14,992 13,352 12,631 8,803 7,482 6,854 6,602 5,783 Briefly Stockholm’s Grand Hotel will become the Grand Hôtel InterContinental Stockholm on January 1. Located at the Södra Blasieholmshammen, the 133-year-old hotel with 376 guestrooms has hosted Nobel Prize laureates, royalty, heads of state and artists. The hotel has been a member of The Leading Hotels of the World since 1970 and is a subsidiary of Investor AB. Top cities in U.S. hotel development: (ranked by number of guestrooms under construction) Market Las Vegas Orlando Washington San Diego Chicago Phoenix New York Miami Atlanta Los Angeles Five-star Hotels Rooms 26 6 1 6 5 7 5 3 11 7 28,988 2,697 107 1,610 1,409 1,480 903 762 2,072 1,480 Four-star Hotels Rooms 8 16 25 15 18 16 23 18 12 11 7,764 7,319 9,251 6,178 4,603 4,203 4,558 4,572 2,531 2,761 Total luxury pipeline Hotels Rooms 34 22 26 21 23 23 28 21 23 18 36,752 10,016 9,358 7,788 6,012 5,683 5,461 5,334 4,603 4,241 Broadreach Capital Partners acquired the Oasis Resort Cairns hotel and resort located in Queensland, Australia, from MFS Limited, a publicly traded fund management and investment company, for about $48 million Australian (US $38.5 million). Formerly owned and operated by Sunleisure Group, Oasis contains 314 rooms and suites. Acting on behalf of LB FV LLC, a subsidiary of Lehman Brothers, hotel real-estate advisory, brokerage and capital markets firm Molinaro Koger sold the 758-room, beachfront Forte Village Resort on the island of Sardinia. Forte Village was purchased by Italian private real-estate fund, FIMIT. Built in 1969, the luxury resort is located on Sardinia’s southern coast, between the villages of Pula and Capo Spartivento. During the past five years, Forte Village has experienced increases in average daily rate (15.8 percent) and in revenue per available room (3.3 percent). Source: Lodging Econometrics, Portsmouth, New Hampshire USA, www.lodgingeconometrics.com For more development news, please turn to pages 58 and 60. www.LuxuryHotelier.com | September 2007 | Luxury Hotelier http://www.lodgingeconometrics.com http://www.LuxuryHotelier.com

Table of Contents Feed for the Digital Edition of Luxury Hotelier - September 2007

EDITOR’S LETTER PUBLISHER’S LETTER INFORM NETWORK PERSONALITIES INSIGHT INSIGHT PROPERTIES ROPERTIES INSPIRE DELIVER PROTOCOLS INSIGHT INNOVATE DEVELOPMENT INDULGE INSIGHT CONNECT UPDATE DOSSIER

Luxury Hotelier - September 2007

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