Briefs: Deutsche to Uzbekistan; Lux Collective signs in Vietnam

 Deutsche Hospitality debuts in Uzbekistan: Deutsche Hospitality, Frankfurt, Germany, has entered into a franchise agreement with Atlanta, Georgia-based Valor Hospitality and Globus Hotels for the signing of its latest hotel, IntercityHotel Tashkent, which will open in Tashkent, Uzbekistan in Q1 2023. The hotel is Deutsche’s first property in the Uzbekistan market. The 122-room hotel will feature a gym, deluxe spa and two dining venues.

Rendering of LUXNAM Phu Quoc in Phu Quoc, Vietnam

The Lux Collective signs in Vietnam: The Lux Collective, Mauritius, and P Q Hai Quoc Stock Co. have signed a management agreement to build a luxury overwater resort under the LUX Resorts & Hotels brand in the Vietnamese island of Phu Quoc. LUXNAM Phu Quoc is expected to open in late 2024. Located adjacent to a UNESCO-listed biosphere reserve spread across 314,000 square meters, the resorts are inspired by Maldivian-style overwater resorts. The 126-villa property will include 109 overwater villas (with most of them featuring private pools), 13 beach pool villas, two penthouses and two beachfront pool mansions. The Lux Collective currently manages 16 properties across Mauritius, China, Maldives and Ile de la Reunion and has 12 additional hotels in the pipeline in Southeast Asia, China, Europe and Middle East.

Pacifica Hotels acquires Portland Kimpton: Pacifica Hotels, Aliso Viejo, California, has acquired the Kimpton Hotel Vintage Portland in Portland, Oregon, for US$32.9 million. Built in the 1800s, the 117-room hotel underwent a multimillion-dollar refurbishment in 2015 and 2018 which saw an upgraded lobby, rooms and amenities. Pacifica Hotels’ portfolio includes 40 independent and flagged properties across California and Hawaii.

Highline Hospitality acquires in Connecticut: Highline Hospitality Partners, Birmingham, Alabama, has acquired the Residence Inn Norwalk, Connecticut, marking the investment platform’s ninth acquisition and first in Connecticut.

La Vie, Amber Property partner: La Vie Hotels & Resorts, Sydney, Australia, has announced a multi-partnership deal with Amber Property Group to manage its properties in Melbourne. The Sebel Melbourne Ringwood, which is presently under a franchise agreement with Accor, will be managed by La Vie, along with Amber Property’s soon-to-be-launched The Motley Hotel in Richmond. The 80-room Motley Hotel has been under construction and will open in early January 2023, following the change in branding direction. La Vie currently operates properties in Australia, Bhutan, China, Myanmar, Maldives, Thailand, Ukraine and the U.A.E.

Lemon Tree forms new division: Lemon Tree Hotels Ltd., New Delhi, has created a franchise division to monetize its existing brands and grow its network of franchised hotels. The company made three new appointments for the new division — Vilas Pawar (CEO), Shivali Verma (vice president, commercial and franchise services), and Rajinder Kapur (vice president, finance and legal). Out of the 86 properties in its portfolio, Lemon Tree owns or leases 40 while the rest 46 are franchised or managed. The company presently operates around 8,400 rooms in India and abroad in the economy, midscale and upscale segments.

Belmond announces luxury boat: Belmond, London, has launched a luxury barge as part of its French collection Coquelicot, A Belmond Boat, Champagne. Coquelicot will debut in May 2023 and traverse through Champagne in partnership with champagne house Maison Ruinart. The slow-paced sailing vessel, which was formerly the Hirondelle barge, will feature three cabins with ensuite facilities, an indoor salon with a champagne bar and an extensive outdoor deck. Designed by France-based Humbert & Poyet, Coquelicot will comprise three double cabins with marble ensuite bathrooms and an indoor lounge with a champagne bar. The top deck will be a social center. In partnership with Maison Ruinart, Belmond will offer exclusive access to the first established House of Champagne with a private tasting lunch and guided tours of the Taissy vineyard. Coquelicot is part of the Les Bateaux Belmond, the brand’s collection of boats in France.

Penn gaming expansion: Penn Entertainment intends to relocate its riverboat casinos in Aurora and Joliet, Illinois, to new land-based facilities and to build a new hotel at Hollywood Columbus in Ohio and a second hotel tower at the M Resort in Henderson, Nevada. Penn has also entered into an agreement with Gaming and Leisure Properties (GLPI) to create a new master lease that would include the two new facilities in Aurora and Joliet, in addition to Hollywood Columbus (Ohio), Hollywood Toledo (Ohio), the M Resort, the Meadows (Pennsylvania) and Hollywood Perryville (Maryland). GLPI will provide up to US$225 million at a 7.75% cap rate for the Aurora project. With respect to the Columbus, Joliet and M Resort projects, PENN may elect to receive up to US$350 million of funding in the aggregate from GLPI for real property improvements at then-current market rates, which will incorporate a spread to GLPI’s cost of capital.