Briefs: AC in Fort Lauderdale acquired; St. Regis to debut in the UK

Ennismore expands in Italy: Ennismore has entered into exclusive negotiations with KNSA Hospitality and P.V.V. Investments to open a 25hours Hotel-branded property in Trieste, Italy. The 160-key Palazzo Compartimentale, which is owned by P.V.V. Investments S.R.L., will be the new home for 25hours Trieste. Ennismore will be adding a restaurant opening onto the piazza, a café and bar, rooftop wellness area, cinema and meeting space. There will also be Ennismore’s first ever 25hours Beachclub at the harbor. The hotel is expected to open in 2025, following extensive renovations, which have already started on the building’s façade. The property will also feature luxury residences and some local stores on the ground floor. This will be the second 25hours property in Italy, following the opening of the one in Florence in 2021. There are currently 14 operating 25hours hotels across Europe and the Middle East, with four in the pipeline including an opening in Copenhagen later this year.

Dynamic City Capital acquires Fort Lauderdale hotel: Key International, Miami, Florida, and Wexford Real Estate Investors, West Palm Beach, Florida, sold the oceanfront, 171-key AC Hotel by Marriott Fort Lauderdale Beach, Florida, to Provo, Utah-based Dynamic City Capital. KW Alhambra Property, a joint venture between Key and Wexford, sold the 10-story hotel for US$74.3 million (US$434,500 per room). Plasencia Group represented the sellers in the deal. Last week, the hotel secured a temporary certificate of occupancy. Wexford and Key purchased the site of the hotel in 2016 for US$9.60 million and secured a US$43 million construction loan three years later from Banco Sabadell. This is Dynamic City’s first hotel in South Florida. The company owns two properties in Clearwater Beach, Florida.

Rendering of St. Regis London

St. Regis debuts in the UK: Marriott International has signed an agreement with Cola Holdings and The Westbury Hotel Ltd. to introduce the St. Regis brand in London’s Mayfair area. The 196-key St. Regis London is slated to open in 2023 after a US$122 million transformation and redevelopment of the former Westbury Mayfair Hotel. The hotel will be designed by Peter Newman-Earp of Morrison Design with interior by Richmond International. An eighth floor will be added and the hotel’s rear portion will be extended to create enhanced public areas. There will also be renovations of the façade and drop off area outside the main entrance. A signature restaurant, speakeasy jazz bar and fitness center and spa will be added to the existing Polo Bar.

Hyatt grows UK portfolio: Hyatt Hotels Corp. has announced that a Hyatt affiliate has entered into a management agreement with Blackfriars Hotels Ltd. for Hyatt Regency London Blackfriars. Set to open in July, the 204-key hotel will join nine more Hyatt-branded properties in London and will be the 13th Hyatt-affiliated hotel in the U.K. The former palace and a historically protected grade II-listed building is being refurbished extensively to feature an all-day New York style bistro, specialty Chinese restaurant, cocktail bar, a large outdoor space, meeting spaces and a fitness center.

US performance improves: Hotel performance in the U.S. improved from the previous week, driven by President’s Day weekend, and increased as compared to 2019 figures, according to STR’s latest data through February 19.

  • Occupancy: 59.1% (-8.4%)
  • ADR: US$140.11 (+8.4%)
  • RevPAR: US$82.87 (-0.8%)

Among the Top 25 Markets, the only rise in occupancy over 2019 was in Norfolk/Virginia Beach (+5.7% to 55%). San Francisco/San Mateo saw the largest occupancy decrease (-29.9% to 54.3%), while Miami experienced the highest ADR increase (+28% to US$347.48), followed by Super Bowl LVI host, Los Angeles (+26.4% to US$225.07). The steepest RevPAR deficits were recorded in San Francisco/San Mateo (-42.6% to US$95.16) and Houston (-31.1% to US$53.14).

Radisson Hotels Americas partners with Special Olympics: Radisson Hotels Americas has partnered with Special Olympics International, giving Radisson the opportunity to support Special Olympics’ mission to create a more inclusive world for people with intellectual disabilities (ID). The partnership will help grow Special Olympics’ Unified Leadership Program, which increases equity for people with ID through training and leadership opportunities and sometimes creates employment opportunities for Special Olympics athletes. Radisson’s corporate associates and managed and franchised hotel team members will get the chance to volunteer and mentor through the partnership. A team of Radisson Hotels Americas associates in Minneapolis is raising funds for Special Olympics Minnesota while braving the freezing waters of Bde Maka Ska.