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Briefs: Accor adds in Philippines; Valor continues to grow

Accor signs in the Philippines: Accor has expanded its footprint in the Philippines with the signing of two new properties in Clark City — Sofitel Clark and Emblems Clark. The signings also grow Accor’s partnership with Hann to six properties in Clark, Philippines. Located with Hann Lux, an integrated luxury resort, the two hotels will include cafes, fashion stores and convention facilities. Sofitel Clark will offer 300 rooms, while the Emblem Clarks will include 200 rooms. Currently, Accor has 10 hotels in the Philippines with a pipeline of 14 projects. Accor and Hann signed an agreement in 2019 to launch the former’s Banyan Tree, Angsana and Mercure in Clark.

The Mining Exchange Hotel, a Wyndham Grand Hotel and Spa in Colorado Springs, Colorado

Valor Hospitality adds 2: Valor Hospitality Partners, Atlanta, Georgia, has added two properties to its global portfolio, the Taaibosch Wine Estate in Cape Winelands, South Africa, and The Mining Exchange Hotel, a Wyndham Grand Hotel and Spa in Colorado Springs, Colorado. The Taaibosch Wine Estate recently added three luxury lodging offerings — a two-bedroom Garden Villa, a four-bedroom Farsight Villa and a newly renovated five-bedroom all en-suite Manor House. The 117-key Mining Exchange Hotel includes a spa, a restaurant, two on-site bars and over 15,000 square feet of meeting space. These additions add to Valor Hospitality’s over 70 properties, a 40% growth since 2020.

Aparium grows portfolio: Aparium Hotel Group, Chicago, Illinois, has announced the development of three new hotels — Hotel Westland in Seattle, Washington; Hotel Heron in Alexandria, Virginia; and Populus Hotel in Denver, Colorado. Hotel Heron marks Aparium’s first-time partnership with May Reigler Properties and Potomac Investment Properties. Led by Washington, D.C.-based architect Antonovich Associates, and design firm Street Sense, the hotel will offer 134 rooms, 30,000 square feet of amenities, meeting space, restaurant and a rooftop bar. Hotel Heron is slated to be completed by late 2023. Scheduled to open in late 2023, the 120-key Hotel Westland will include a signature indoor and outdoor restaurant on an activated alley and a rooftop bar. The hotel’s design will be led by Chicago-based Curioso. The 265-room Populus Hotel will be a 13-story hotel with architecture firm Studio Gang designing the building’s façade. Slated to be a carbon-positive hotel, the hotel will feature a café and restaurant, meeting spaces, co-working areas, a rooftop bar and restaurant and will be completed by early 2024. Aparium has more openings planned in Louisville, Atlanta, and Nashville, growing its portfolio to 16 hotels across 15 states in the next 24-36 months.

Frasers to privatize hospitality trust: Frasers Property, Singapore, is looking to privatize its Frasers Hospitality Trust in an all-cash deal that values the REIT at S$1.35 billion (US$967 million). Valued at S$2 billion (US$1.43 billion), the trust’s portfolio consists of 14 hotels and serviced residences across Asia, Europe and Australia, including the 406-key InterContinental hotel in Singapore, a 380-key Novotel in Melbourne and Fraser Suites serviced apartment complexes in Singapore, the U.K. and Australia. Frasers Property, the trust’s sponsor, is offering S$0.70 (US$0.50) in cash per share to take over the hotel and serviced apartment trust, as per a recent strategic review conducted by the trust’s independent directors. It cited an uneven recovery, increasing market uncertainties across the world and the REIT’s small size compared to its competitors as the buyout reasons. The proposal must be approved by owners of at least 75% of the trust’s units at a scheme meeting, which is expected to be held by the end of this month.

Brown Beach resorts debut: Brown Hotels, Tel Aviv, Israel, has opened two new properties in Evia Island, Greece, the 175-room Brown Beach Eretria and the 119-room Brown Beach Chalkida, marking the debut of the 4-star Brown Beach resort brand. Brown Beach Eretria is also the group’s first property to offer all-inclusive packages. The beachfront resorts include pools, bars and restaurants, wellness centers and spa and an events space. Brown Beach Eretria also features Blue Stories, a water sports center. With the addition of these two properties, Brown Hotels’ Greek portfolio now totals nine. Brown Hotels currently operates 20 hotels in Israel and one property in Croatia.

Shangri-La hotel closes in Manila: The 308-key Hotel Jen Manila in the Philippines will close from September 1 as part of the hotel owner of the New Riviera Hotel Development Corp.’s plans to redevelop the property. The company said the hotel, which is part of Shangri-La group’s mid-range hotel chain, will continue to honor reservations up to the end of August. To ensure all staff members are supported during the transition, they will be offered a “fair compensation package and extension of healthcare insurance coverage” until December 31.

Oklahoma investor acquires distressed hotels: A venture led by Oklahoma-based real investor Mark Beffort has agreed to acquire two distressed hotels. Last week, Beffort acquired the 269-key Hilton Orrington in Evanston, Illinois, for US$34 million and will purchase the 408-key Westin Chicago Northwest in Itasca, Illinois. Beffort’s venture acquire the Evanston property in a consensual short sale from Olshan Properties, which faced a foreclosure lawsuit in 2021 after reportedly defaulting on its US$40 million loan. Oceanview Commercial Mortgage is selling the Westin Chicago Northwest after a legal battle with its former owner, GF Hotels & Resorts.

Magna Hospitality acquires SeaTac Hotel: Magna Hospitality Group, Warwick, Rhode Island, has acquired the 157-room Wingate by Wyndham SeaTac hotel for US$19.5 million (US$124,203 per key) from Morgan Hill, California-based Corinthian Development. With a portfolio of over US$5 billion in hotel real estate, Magna Hospitality owns and/or operates properties across the U.S.

Aman resorts reopen: Aman Resorts has announced the reopening of Amanbagh and Aman-i-Khas properties in Rajasthan, India. Located in the Aravalli Hills, Amanbagh has added the Ayurshala Centre for an Ayurshala Traditional Medicine Immune Support Retreat to host guests staying four nights or more. The resort has also added a three-night Shani Experience, which offers complimentary room upgrades, a half-day excursion to a nearby fort, or a traditional head massage. From October 14 to 21, Amanbagh will offer a seven-night Advanced Yoga Retreat for intermediate and advanced yoga practitioners. Situated on the threshold of the Ranthambore National Park, Aman-i-Khas offers 10 Mughal-style tents with deep soaking bathtubs, cashmere furnishings, private spaces, a spa tent with two double treatment rooms and a dining tent. Reopening on October 1, the resort will offer the Incredible Wild Escape, a three-, four, or five-night stay.

Sheltering migrants to cost NYC US$300M: New York City is likely to spend US$300 million per year to provide shelter to newly arrived migrants at hotels, according to an analysis. City officials have rented or announced plans to secure around 5,800 rooms in hotels across the city in the past month as a response to the influx of migrants from the southern border. Over 6,000 migrants have arrived in the city till Monday since the surge began in May. Reportedly, officials are planning to rent 600 rooms and provide intake and other services at the Row NYC hotel. As per records, Row was earlier used to provide shelter as part of a US$139 million contract by the Department of Homeless Services in January 2021, in which City Hall spent US$147.67 per day in rent.

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