Keyword: Colliers International
As investors seek “blue chip” locations to secure development financing, nervousness around Brexit has weighed on investment.
Colliers credits the RevPAR growth to seven months of improved security perception, the return of charter flights and a surge in international leisure demand.
Oman's Ministry of Tourism has announced plans to develop tourism and hotel sites in North Al Batinah.
The property was sold to a Manitoba-based investor, developer and management company that plans to renovate and add mixed-use elements.
The drop in new hotel supply is keeping New Zealand from reaching its tourism boom.
According to Colliers International, Canada's hotel transaction volume is expected to fall short of last year's $3.5 billion.
Singapore's new hotel supply growth is forecast to slow down between 2018 and 2019, despite the growing number of tourists to the country.
Prime hotels in Croatia recorded a yield of 6.5 percent last year, and Colliers International expects that yield will rise even more in 2018.
Cities like Hull and Plymouth entered the list of top 10 "hot spots" for UK hotel development and acquisition for the first time in 2017.
The seven-hotel portfolio, which has properties operating under AccorHotels and Marriott brands, is selling at an average price of $230,000 per room.