IHIF

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Travelodge hails ‘strong’ network

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Travelodge said that it had retained a network of 578 hotels, including 563 of 580 in the UK.

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    Insider

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    This week’s In Focus saw Alexi and I joined by Tom Oakden of Hilltop Capital Advisors, which gave us a good chunk of time to get stuck into some pontificating about where we were all going in transactions land.
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    Video - IHIF

    IHIF Advisory Board Investor Panel

    On 19th November, the IHIF Advisory Board met virtually to take a temperature check on industry sentiment in a fast-changing market. Kicking off the conversation was a panel of investors hosted by Michael Hirst OBE, Chairman of the UK Government’s Events Industry Board, with Keith Evans, Chief Investment & Development Officer at Ennismore, Benjamin Habbel, CEO & Founding Partner of Limestone Capital, and Jan-Willem Terlouw, Director of Development Finance at Westmont. The panellists shared their experiences of the past year, and views for 2021 and beyond.
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    Video - In Focus

    In Focus: Is it better to be first or last to the party?

    This week on In Focus Alexi & Katherine are back to talk about transactions. What does March hold for the transactions market? As sellers refuse to sell for the price buyers want and buyers refuse to pay the price the sellers want. Sellers seem to be able to hold off due to the financial support from the Government and banks right now but what will be the icebreaker in this standoff? Join us this week for all the latest news and development in the hospitality industry with Alexi Khajavi, Katherine Doggrell and this week's guest Tom Oakden of Hilltop Hospitality Advisors.  In discussion with Katherine, Tom explains "if sellers don't sell now, there will be a wall of assets on the market" and buyers will see a wall of capital competing their capital....What we need to see are deals which will lead to pricing discovery with transactions beginning to happen at prices both parties are comfortable with and that "certainty of sale" will emerge. Is it better to be the first or last to the party? As the market piles up, now is the time to consider the value of your assets. Alexi & Katherine discuss the deals and bargains out there for investors. "This is the hotel sector, a mature asset class....you can bank on it so long as you take a long term view."  And of course, the latest opinions on Airbnb developments and news as Tom, Alexi and Katherine take a historic look at the company and how they have adapted and developed as a brand and why disruptors are so important for the growth of any sector. Don't miss out, sign up to get daily insights that power the deal. We want to support the people who have supported us while the industry adapts and are offering six months’ free access to Hospitality Insights to those between jobs. Please click here to apply.  #solidaritywithhospitality
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    Transactions

    Accor plots Ennismore merger

    Accor has announced plans to merge with Ennismore and create an autonomous lifestyle division.
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    Video - In Focus

    In Focus Trailer: All roads lead to Greece

    Julie Rey-Gore and Katherine Doggrell take a look back at the Enterprise Greece Roundtable, hosted by Enterprise Greece earlier this week and delve into the Airbnb IPO. While Katherine talks to Wyndham's Dimitris Manikis, President at Wyndham Hotels & Resorts, who describes Wyndham's year so far as "navigating the storm and rebounding strongly". Come join us for the latest In Focus episode here.
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    Transaction

    France’s largest Holiday Inn sold

    Private equity group Extendam had acquired the largest Holiday Inn in France with Catella Hospitality Europe, which will operate the hotel under franchise.
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    Finance

    Lender lottery on access to funding

    With cashflow becoming an increasingly critical issue for hotel owners during the pandemic, the ability for owners to raise new debt or equity is a key issue. 
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    Video - In Focus

    In Focus: All roads lead to Greece

    Julie Rey-Gore and Katherine Doggrell take a look back at the Enterprise Greece Roundtable, hosted by Enterprise Greece, which highlighted the country's growing importance as an investor target, looking to upgrade its hotel and resort stock and become a leading luxury destination. The sector may not see as much distress as perhaps previously feared. Greece, a country where tourism is such a large part of their GDP, realise what they have got and are seeking to protect it. Katherine catches up with this week's guest Dimitris Manikis, President at Wyndham Hotels & Resorts, who describes Wyndham's year so far as "navigating the storm and rebounding strongly". There is evidence of people developing again and looking at brands again despite the pandemic. Manikis describes how "the customer knows your brand better than anyone else". They are developing their loyalty programme and looking to open up more of their budget brands.  Dimitris describes the future of hospitality to include less travel but for longer periods of time with a rise in destinations competing for the same travellers. But the main thing is that people are very eager to travel in this resilient business of hospitality. People will realise that holidays and travel are a key part of our lives.  Airbnb have released their IPO and Katherine and Julie dive into the findings, with a staggering 327 million nights in 2019 and Katherine asks is that a threat to the hotel sector?  This is where the "bleisure" trend comes in, looking again to Wyndham who have recently launched Wyndhham Direct which focuses on the smaller corporate companies. Lots to take in from this week's interviews, don't miss out! 
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    Development

    Luxury eyes golden opportunity in Lapland

    Luxury operators were turning their attention to opportunities in Lapland, according to a study from Christie & Co. 
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    Results

    NH looks to vaccine-accelerated recovery

    NH Notel Group said that it was hoping to benefit from a “potentially accelerated recovery in the travel sector in 2021” as a result of a vaccine.