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IHIF Q&A: Recovery unlikely to happen in uniform manner says CBRE

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CBRE Hotels’ Executive Director and COO Owen Pritchard shares the company’s views on recovery in the hospitality sector, key growth segments, and ESG goals ahead of the company's participation to IHIF.

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    Insight
    Last week we were all dreaming of a summer holiday after governments across Europe indicated they would be opening up to tourists.
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    Destination Outlook
    Transaction activity is resuming and Madrid starts attracting the attention of investors and brands again, as a number of transactions have been announced, both hotel acquisitions and conversions from other asset classes.
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    Transactions
    Jacamar and Tenesur, owners of GEMA Hotels, have sold their hotel portfolio to Blantyre Capital for an undisclosed sum.
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    Video - AHC
    What does reconnecting mean for the hospitality sector? That feeling of being in a room together, bouncing off each other's energy. The ability to share ideas and collaborate has accelerated during the crisis. Wyss foresees long term opportunities through maintaining that close collaboration and exploring all ideas across the wider team.  Julia Wyss, Associate Director of Hotel Investment Properties at CBRE Hotels moderated the panel "Returning to Profitability: Operational Efficiencies and New Revenue Opportunities" at The AHC Reimagined just a few weeks ago where she explored exactly what it has taken for operators to keep doors open during the crisis and that there is no such thing as a bad idea. If you haven't seen it yet, prepare to be inspired.  Julia was joined by her panel: Susan Bland, Managing Director at RBH Hospitality Management; Al Karim Nathoo, Managing Director of 4C Hotel Group and Stuart Symes, VP Franchise Operations at Accor Northern Europe. Watch the full session on demand here. 
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    Video - In Focus
    We explore the stories and people behind the hospitality news of investment, development and operations.  This week's guest Jane Lees, Executive Director, Head of EMEA Valuation Services from CBRE discusses the challenging environment of valuations, market uncertainty clauses and how "there is still a strong appetite for hotel ground leases."
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    Video - In Focus
    Don't miss this week's episode where Julie Rey-Gore and Katherine discuss the emerging trend of hybrid hotels and hear about transactions and valuations at CBRE with guests Jane Lees, Executive Director, Head of EMEA Valuation Services and Miguel Casas, Senior Director, Head of Investment Properties, Continental Europe.
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    Video - In Focus
    We explore the stories and people behind the hospitality news of investment, development and operations. The hospitality industry is moving at a pace we have never seen before which makes it more important than ever to come together, share information, and discuss the shape of the future. Julie Rey-Gore and Katherine discuss the emerging trend of hybrid hotels and what it will take to lure back the corporate traveller. While this week's guests from CBRE: Jane Lees, Executive Director, Head of EMEA Valuation Services and Miguel Casas, Senior Director, Head of Investment Properties, Continental Europe discuss trading performance, investment and the challenging environment of valuations.  Miguel discusses transactions and what is "driving interest is not just the a lower price but the ability to do the deal" while Jane comments that "there is still a strong appetite for hotel ground leases."
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    Coworking
    Scandic Hotels has become the latest company to offer coworking at its properties, at around 270 locations in Sweden, Finland, Norway, Denmark, Germany and Poland.