La Tribune de lHotellerie

🏎 Virage 5, a company comprised of mainly local private investors, is launching a high-end hotel with 104 rooms and suites, a restaurant, and a panoramic terrace overlooking the Bugatti and 24 Hours of Le Mans circuits. Development led by ADIM Ouest, a subsidiary of VINCI Construction, with design by AW2 architecture firm, begins work in the second half of February. The hotel's grand opening is slated for spring 2027. Pierre Fillon, President of the Automobile Club de l'Ouest, noted the hotel will enhance visitor and competitor amenities and expand seminar offerings. Jean-Charles Florac, President of Virage 5, highlighted the project's local and international perspective and the creation of 70 permanent jobs.

💰 Elie Maalouf of IHG Hotels & Resorts announced a strong financial performance for 2024, with a 15% increase in adjusted earnings per share. IHG opened 371 hotels, signed 714 new properties—34% rise in signed rooms—and acquired Ruby brand. Revenue hit $2.312 billion, up 7%, operating fees revenue at $1.774 billion, up 6%, and operating profit reached $1.124 billion, a 10% increase. The board proposed a 10% dividend hike and a $900 million buyback program.

🏨 L'hôtel Amirauté, a 3-star, 42-room establishment located in Cannes, is strategically placed near the train station, shopping streets, Palais des Festivals, Croisette, beaches, port, and the historical Suquet district. The Fonds Tourisme Côte d'Azur, Caisse d'Epargne Côte d'Azur, and Banque Publique d'Investissement (BPI) have supported SANTAREIM PARTNERS for a second time, after previously backing the acquisition of the Comté de Nice hotel in Beaulieu-sur-Mer. SANTAREIM PARTNERS' strategy involves room and common space renovations, management optimization, and group hospitality development to rejuvenate the hotel and maximize its potential. The Fonds Tourisme Côte d'Azur's assistance underlines its commitment to reviving the tourist offerings around the train station area, focusing on service and hospitality improvements.