Briefs: Hotel Indigo in Grand Cayman; PPHE appoints co-CEO

HOTEL INDIGO IN GRAND CAYMAN: IHG Hotels & Resorts and Dart Properties have announced their latest resort in the Caribbean — Hotel Indigo Grand Cayman. Located in the Cayman Islands, the resort is scheduled to open in April. The hotel will offer 282 rooms and suites, a fitness center, poolside cabana service, a multi-concept dining hub, an outdoor deck with an infinity pool overlooking the ocean, a rooftop lounge and more than 7,500 square feet of event space. Developed by Dart Real Estate, the hotel’s architecture and interior design has been led by New Orleans-based Farouki Farouki.

Hotel Indigo Grand Cayman in the Cayman Islands.

PPHE NAMES GREG HEGARTY AS CO-CEO: PPHE Hotel Group has appointed Greg Hegarty as the co-CEO of the company with immediate effect. He will assume his new role alongside Boris Ivesha, PPHE’s long-term president & CEO. Part of the group for 18 years in several leadership positions, Hegarty was appointed as COO in 2019 and deputy CEO & COO in 2020. In May 2023, he was appointed an executive director of PPHE and joined the board. With close to 30 years of experience in the hospitality sector, Hegarty has held senior management roles at brands and owner/operators, like Clermont Hotel Group (formerly GLH / Thistle Hotels) and RBH (formerly Redefine BDL Hotels). Hegarty’s appointment comes at a time when PPHE is building on its portfolio of Park Plaza hotels while completing and opening pipeline projects in cities such as London, Belgrade, Rome and Berlin under brands including art’otel and Radisson RED.

U.S. PERFORMANCE UPDATE: Hotel performance in the U.S. saw a marginal decline from last week, while YOY comparisons remained mixed, according to CoStar’s data through February 3.

  • Occupancy: 55.2% (-0.1%)
  • ADR: $147.99 (+1.9%)
  • RevPAR: $81.69 (+1.7%)

Among the top 25 markets, Seattle witnessed the highest gains in occupancy (+19.3% to 60.1%) and RevPAR (+27.5% to $89.11). Atlanta posted the highest ADR increase (+7.6% to $132.07). The steepest RevPAR declines were recorded in St. Louis (-14.5% to $48.16) and Las Vegas (-9.3% to $166.43).

LXR HOTELS OPENS IN HAWAII: Hilton has announced the opening of Ka Laʻi Waikīkī Beach, LXR Hotels & Resort in Hawaii. Located in Waikiki, Honolulu, the hotel features 462 rooms and marks Hawaii’s first LXR Hotels & Resorts-branded property. Situated above Fort DeRussy Park with views of the Pacific Ocean and Diamond Head, the 38-story hotel offers a fitness center, an infinity pool with a sun deck, two signature restaurants, five indoor and outdoor venues for events, a business center, a library and a range of beach services. The property is set to undergo interior architecture and design renovation spearheaded by the Bryan O’Sullivan Studio. Slated to begin in early 2025, the renovation has been planned in phases over several months and will see upgrades to the rooms, suites, public spaces, pool areas and reimagination of the dining venues.

STERLING ADDS TO INDIAN PORTFOLIO: Sterling Holiday Resorts, the Indian hospitality brand, has launched Sterling Athirappily in Kerala. This marks Sterling’s eighth resort in the southern Indian state. Located on the banks of the Chalakudy River and close to the Athirappilly waterfalls, the upper upscale hotel features 30 rooms and open-plan, studio-style suites with views of the Chalakudy River and the Western Ghats. The restaurant includes a gourmet restaurant with a riverside patio and 1,000 square feet outdoor conference space. Sterling Holiday Resorts, part of Fairfax Financial Holdings Ltd. and a wholly owned subsidiary of Thomas Cook (India) Ltd., has 49 properties across 46 destinations in India.