Top 5 news in global hotel development

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Top 5 news in global hotel development

MIPIM has selected for you the latest news in global hotel development. Discover how Asian developments are luring in investors and how the falling price of oil and the crash of the Chinese stock market are impacting international hotel acquisitions.

By James Martin on September 22, 2015 0 Comments

Global hotel development

Asian developments lure Australian investors

From
www.smh.com.au
– Today, 11:01 AM

While the inflow of money from Asian investors has changed the landscape in Australia, there is also a reverse flow.

Why the Chinese Market Crash Might Be Good for Downtown

From
www.ladowntownnews.com
– Today, 10:48 AM

DOWNTOWN LOS ANGELES – The Chinese stock market saw massive growth from June 2014 through June 2015, with a flood of new investors spending borrowed money on stocks. As has been well chronicled, the bubble popped this summer, and stock values have plummeted. The Shanghai Composite is down nearly 40% from its June peak, according to the Wall Street Journal.

Drawings unveiled for proposed £75m Calton Hill hotel development

From
www.dailyrecord.co.uk
– Today, 10:43 AM

Development partners Duddingston House Properties International and Urbanist Hotels have also chosen hotel operator Rosewood Hotels and Resorts as operating partner for the development

Investors in Middle East remain interested in hotel acquisitions

From
www.thenational.ae
– Today, 10:58 AM

While the falling price of oil was widely expected to have an impact on international hotel acquisitions, it has not yet been felt.

Accor becomes first hotel operator to enter Iran in 35 years

From
www.thenational.ae
– Today, 10:45 AM

Abu Dhabi-based Rotana is also looking to operate four hotels in Tehran and Mashhad by the end of 2018.

Top picture via www.smh.com.au

About Author

James Martin

As Head of Social Media for Reed MIDEM, James Martin oversees social strategy and deployment for MIPIM and MAPIC shows, as well as MIPTV/MIPCOM (TV industry) and Midem (music industry). He is based in Reed MIDEM's Paris office.

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