Micro-hotels, packaging advanced technology and bold utilitarian style in modestly priced guest rooms as small as 50 square feet, are gaining in popularity across the hospitality spectrum. Led by the Yotel, CitizenM and BD Hotels' Pod Hotels brands, the concept has special appeal to investors thanks to larger numbers of rooms to sell per property.
An analysis of extended-stay hotels finds that moderately priced and higher-priced versions diverge in the types of investors they appeal to. Since 2010, the former have made stronger increases in revenues and profits, while the latter are posting premiums in occupancy, average daily rate, revenue and profits.
Vista Hospitality Group has sold the Courtyard by Marriott Myrtle Beach Barefoot Landing to AD1 Global. The 157-key property in South Carolina is among more than 100 stores and restaurants in the Barefoot Landing mixed-use complex.
The Japanese company that operates the mostly robotic Henn na hotel chain says it plans to expand from its current 20 properties to 100 by 2021. Best known for its travel booking business, since 2015 H.I.S. has opened six Henn na hotels, which typically employ fewer than 10 people and use automatons for most reception and cleaning work.
Monart spa in Wexford, Ireland, features an infrared cabin and hydrotherapy pool. "Monart is one of those rare getaways that allows you to truly switch off so if you're looking for a relaxing staycation, I would highly recommend," Cathy Donohue writes.
Last year, Robertson Lodges opened its fourth luxury property, the Kauri Cove villa in northern New Zealand. More openings are coming, according to Julian Robertson Jr., the brand's billionaire owner.
Mandarin Oriental Hotel Group is ready to pick up its development pace. "While I don't want to see the group grow exponentially, I would like to move from a position from the one-a-year [expansion] we've been doing for the last 20 years to something more akin to three to four properties a year," said Group Chief Executive James Riley.
Hotel Crescent Court in Dallas has completed a more than $30 million renovation that covered all 226 guest rooms. Andrew Davidson, the property's general manager, uses his iPhone to track guest surveys and keep on top of hotel operations.
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