Ouvertures d’hôtels

🏦 The Luxury Collection announced the opening of Bab Samhan, a Luxury Collection Hotel, in the historical district of Riyadh, the capital city. Located in Diriyah, where the first Saudi state was founded in 1727, the hotel reflects the area's rich heritage with its Najdi-style design and immersive experiences. Helen Leighton, Marriott International's Vice President for Luxury Brands in Europe, Middle East and Africa, expressed pride in the hotel's authentic design. The Bab Samhan is the first of 40 hotels planned to showcase Diriyah, providing unparalleled luxury experiences.

🏨 Radisson Blu Hotel, Conakry offers 282 rooms, including suites and apartments, featuring modern comfort and panoramic views. Opened in the bustling Kipé district, the hotel merges elegance with ocean vistas. Aimed at both business and leisure travelers, it's minutes away from city attractions, cultural sites, business centers, and pristine beaches. Rooms are equipped with free high-speed Wi-Fi, flat-screen TVs, and private balconies showcasing sea views.

🏨 Covivio Hotels, 52.5% owned by Covivio, acquired a 4-star, 429-room hotel in Tenerife, Canary Islands, from a Starwood Capital-controlled company for €81 million. Tenerife, with 69.7 million overnight stays in 2023 (20% of Spain's total) and year-round operation due to its temperate climate, boasts occupancy rates of 85-90%. The hotel, located in Adeje's tourist hub with an 8.8/10 Booking.com rating, is 16 km from Reina Sofia Airport and features a restaurant, 3 bars, 3 pools, a gym, squash and volleyball courts, and meeting rooms for up to 140 guests.

💰 Soho House received a $9 per share acquisition offer, 83% above Wednesday's closing price. The stock surged 47% to $7.22, highest in nearly a year. Ron Burkle and The Yucaipa Companies back the offer. A unique committee will review the offer with no outcome guarantees. Soho House reported Q3 revenues of $333.4 million, close to the $334 million analysts estimated, with four buy ratings and two holds. Founded in 1995 in London, Soho House has expanded globally.

❄ IHG Hotels & Resorts added the Shanghai Snow World Hotel to its Vignette Collection, now open within the "world's largest indoor ski resort" - Shanghai L+SNOW, certified by Guinness World Records. The hotel features 272 rooms and 17 suites with direct access to over 90,000 square meters of authentic year-round indoor snow. As the first newly built Vignette Collection establishment in China, it joins the Crowne Plaza Shanghai Snow in responding to China's 38% year-over-year growth in demand for "ice and snow" hotels, as reported by the China Tourism Academy.

🏨 Machefert Group, after 30+ years in high-end hospitality, negotiates with a leading global real estate finance firm to refinance debt and fund expansion. Aiming to raise over €150 million, they plan to exit ongoing collective proceedings and open new hotels over the next 3 years, leveraging their prestigious portfolio in Paris, Saint-Tropez, and Marrakech.

🏦 Accor and DOJI Group will open the Sofitel Diamond Crown Hai Phong in 2026, marking the first international hotel within the Diamond Crown Hai Phong complex. The 45-story luxury hotel aims to bring French elegance to the growing city of Hai Phong, Vietnam, enhancing its global recognition. Accor's expansion adds to its trusted presence in Vietnam, with established hotels in Hanoi and Ho Chi Minh City.

🍴 The MGallery Fontainebleau L’Aigle Noir introduced a new restaurant, A L’Épicerie, in December. Chefs Florian Desetable and Julian Allano have crafted a French terroir-oriented menu featuring 7-hour lamb shank and Saint-Jacques scallops with hazelnut-celery risotto. The restaurant, housed in a building from 1470, combines a Napoleonic legacy with modern luxury. Specialties include warm toasted Brie with snail butter on country bread.

🏦 Machefert Group entered safeguard proceedings in early 2022 due to heavy debt from the health crisis and demanding creditor. Led by Kevin Machefert, the group, with 19 hotels (including 1K Paris), 8 restaurants, 3 bars, and a beach in Ramatuelle, is in advanced negotiations for refinancing with global financing leaders. Over €150 million is expected to be raised to clear debt and spur growth. In 2022, the group reported €42.5M revenue and a €4.7M net loss, heavily affected by COVID-19, especially in Paris and the Côte d’Azur.

🏨 Blu Hotels acquires Beverly Alps Hotel & Spa in Pinzolo, increasing its Trentino presence to three properties. Nicola Risatti, Blu Hotels President, underscores the importance of Trentino ties and celebrates the prestigious addition. The 4-star superior hotel, with 41 rooms and suites, opens on December 21, featuring a wellness center with an indoor pool, jacuzzi, Finnish sauna, and hammam.