THE STANDARD IBIZA TRANSACTS: London-based investment manager Schroders Capital has acquired the 67-room Standard Ibiza in Spain for an undisclosed amount. KKH Property Investor was the seller. CMS Albiñana & Suárez de Lezo advised Schroders Capital. It is the third post-pandemic acquisition that Schroders Capital has closed in Spain and the second that it entrusts to the firm after the purchase of the Hotel Apolo in Barcelona at the end of July 2021. Schroders Capital has €84 billion worth of assets under management as of end-of-June 2022. The seller, KKH Property Investors, was advised by Pinsent Masons.
HYATT REGENCY OPENS IN LONDON: Hyatt Hotels Corp. has opened the Hyatt Regency London Albert Embankment. The 142-room hotel is the eighth Hyatt-branded property in London, with Hyatt noting its “ambitious and strategic brand growth plans for 2023 and beyond in the United Kingdom.” The hotel’s location allows guests quick access to many London landmarks like Trafalgar Square and House of Parliament. “London remains a priority market for our planned brand growth in the U.K., and we are delighted to add Hyatt Regency London Albert Embankment to our expanding list of properties in the capital,” said Felicity Black-Roberts, VP of development of Hyatt Europe.
FOUR SEASONS OPENING 2ND HOTEL IN DOHA: The Four Seasons Resort and Residences at The Pearl-Qatar in Doha is now accepting reservations ahead of its spring opening. “Our second location in Doha is purposely designed for those who live, do business and travel in the Gulf region today,” said Simon Casson, president, hotel Operations – Europe, Middle East and Africa, Four Seasons. Accommodations include 161 one-, two- or three-bedroom apartments. The hotel is designed for short or longer stays. The hotel is located on a private beach and 10 minutes Place Vendome and 21 High Street, the luxury fashion center of Doha.
NEW GM AT NEW YORK’S THE MARK: The Mark Hotel on the Upper East Side in New York named Etienne Haro general manager, effective January 1. Haro has more than 20 years of experience in luxury hospitality. Haro began his career in F&B and finance at The Caledonian in Edinburgh, Scotland. He was most recently the Director of La Mamounia in Marrakech. Haro is a graduate of EHL Hospitality Business School where he received a Master of Business Administration. The 106-room and 47-suite Mark features The Mark Restaurant by Jean-Georges. It occupies a lofty location on New York’s East Side, along the likes of The Carlyle Hotel and The Surrey, which will reopen this year as The Surrey, a Corinthia Hotel, after it was acquired by the Reuben Brothers in 2020.
BW PLUS IN INDIANA SELLS: The Best Western Plus Brandywine Inn & Suites in Monticello, Ind., has been sold by the Brandywine Complex, Inc., which built the hotel in 2002, for $5.75 million. Huff, Niehaus & Associates represented the seller in the transaction and assisted the unnamed buyer. The 59-room hotel is located equal distances from Chicago and Indianapolis with features including a fitness center, tennis/pickleball courts, indoor basketball/volleyball court, ballroom and a large meeting and reception center with seating up to 400. The hotel will remain under the Best Western Plus flag.