Ouvertures d’hôtels

🏦 DiamondRock Hospitality Company sold the Westin Washington, D.C. City Center for $92 million on February 19, 2025. The 410-room hotel traded at an 11.2x EBITDA multiple and a 7.5% capitalization rate based on 2024 figures, adjusting to 5.6% with capital expenditures. Excluding exceptional tax credits and temporary franchise fee reductions in 2024, the sale reflects an 11.9x EBITDA multiple and a 7.0% cap rate, dropping to 5.2% post-projected capital expenses. The sale aligns with DiamondRock's long-term revenue enhancement and per-share cash flow growth strategy.

🏨 Radisson Hotel Group expands in the Iberian Peninsula with the opening of Radisson RED Malaga in Spain and Radisson Resort & Residences Tenerife; announces the upcoming Radisson RED Porto Gaia in Portugal and a major renovation of Radisson Blu Hotel Lisbon starting in 2025. The growth strategy is to bolster the brand's presence in popular tourist destinations and key urban centers in Spain and Portugal, building on recent openings like Radisson Blu 1882 Hotel, Barcelona Sagrada Familia.

🏨 Hilton announced on February 20, 2025, the upcoming opening of three new hotels in Athens by 2026, expanding with the Curio Collection by Hilton and Tapestry Collection by Hilton brands. The Adia Aluma Athens and Anise Aluma Athens, opening in 2025, and Skylark Aluma Athens, expected in 2026, are part of a franchise agreement with Aluma Greece IKE, adding 500 rooms to Hilton's Athenian portfolio. Hilton's growth in Greece marks a continued investment in the country as a top international travel destination.

🏠 Radisson Hotel Group expands in Spain with Radisson RED Malaga and Radisson Resort & Residences Tenerife, including a full renovation in Tenerife. In Portugal, Radisson RED Porto Gaia in Vila Nova de Gaia and a major renovation of Radisson Blu Hotel Lisbon are announced for 2025. Recent years saw the group's growth with significant openings in Spain such as Radisson Blu 1882 Hotel, Barcelona, and the first Radisson Collection in central Madrid. Radisson has over 10 properties operating or in development and is targeting growth in key locations like the Balearic Islands, Costa del Sol, Canary Islands, and major cities such as Madrid, Barcelona, Bilbao, Sevilla, Malaga, San Sebastian, and Valencia.

🏠 German company specializing in digitalized tourist apartments expands into Cadiz province with 20 new accommodations in Jerez de la Frontera, transforming a former office building at 15 Marqués de Casa Domecq Street near Alameda Cristina. The conversion includes 14 suites for 2-4 people and 6 one-bedroom apartments for up to 4 persons, catering to the rising demand for flexible, comfortable, and technologically equipped lodgings. limehome's digital operation model facilitates an online customer journey from booking to check-out, aiming to streamline the experience and minimize contact. This establishment is part of limehome's growth strategy in Spain to revolutionize the tourist sector and expand throughout Europe.

🎲 Groupe Partouche expanded its international presence by launching its first casino in Benin early February, located at Sofitel Cotonou Marina Hotel & Spa. This marks the group's second African establishment, following one in Djerba, Tunisia. The Casino de Cotonou features 31 slot machines and 10 gaming tables, including English Roulette, Punto Banco, Black Jack, Stud Poker, Texas Hold’em Poker, and offers a unique gaming experience. The establishment is open daily from 2 p.m. to 4:30 a.m., with games available from 8:30 p.m., aiming to meet local customer habits and expectations.

🍴 Disneyland Paris' iconic Disneyland Hotel will debut La Forêt Secrète by Jean Imbert on March 7, 2025. Open to all, including non-visitors, this third restaurant at the hotel will serve guests Wednesday to Sunday evenings starting March 7, 2025. Reservations open February 19, 2025, at 01.60.30.20.50. Star chef Jean Imbert, leading since 2021 at Plaza Athénée where his restaurant earned a Michelin star within 9 weeks, will provide a Disney film-inspired culinary experience.

🏖️ Roc Seven Biarritz opens in April 2025, transforming "Les Baigneuses" after months of renovation. The establishment features a restaurant with 250 seats, a double rooftop, and nine hotel keys. Overlooking Port-Vieux beach, it includes an outdoor bar and panoramic Atlantic views. Chef Andréa Tagliarino offers a menu with Italian and Spanish influences.

🏦 Centurion Real Estate Partners, a Texas-based firm, acquired Mandarin Oriental Residences in Beverly Hills post a loan default of over $200M in September. The block-wide complex, completed in May, sold ten units for $69.7M, followed by a bulk sale of 44 units. The vertically integrated firm has over $2.5B in real estate investments. Founder Michael Shvo bought the property for $130M in 2019. Mandarin Oriental CEO Laurent Kleitman trusts Centurion to maintain quality and service standards.

🏖️ On February 15, 2025, the Meliá Pattaya Hotel, featuring 234 rooms, opened in Pattaya, Thailand. It's a 5-star complex with a rooftop restaurant, spa, kids' club, coworking spaces, and views of the Gulf of Thailand. Ignacio Martin, Meliá Hotels International's APAC Director, emphasized sustainable tourism, service, and hospitality. Javier Gimeno, hotel manager, is committed to offering Spanish hospitality and customer well-being. The hotel design reflects local history and features Cantonese cuisine and seafood, with room sizes ranging from 27 to 125 square meters.