PM Hotel Group, Modus Hotels line up: PM Hotel Group, Chevy Chase, Maryland, has announced its merger with Washington, DC-based Modus Hotels. The Company’s expanded lifestyle portfolio will combine the lifestyle properties of Modus. Modus’ portfolio consists of high-end lifestyle hotels and micro-hotels. Modus’ portfolio includes Motto DC, Hotel Hive, The River Inn, One Washington Circle Hotel (all in DC) and The Windsor Suites Philadelphia and Motto Philly in Philadelphia. Modus also has two projects under development – Maison Kesh in Washington, DC and Hyatt House Orlando Hotel.
Kadoorie will increase its share in The Peninsula: The Kadoorie family, the largest shareholder in hotels in Hong Kong and Shanghai, said it would invest HK$2.6 billion ($333 million) to increase its stake to 72.43% from 59.98% currently . Kadoorie has entered into a conditional agreement with Solis Capital and its parent company, Seekers Partners, to buy 205 million shares of The Peninsula owner at HK$12.8 (US$1.64) apiece. The transaction is subject to regulatory approval and completion is conditional on the acquirers obtaining a waiver from the executive director of the Securities and Futures Commission’s corporate finance division to make a mandatory general offer.
Nobu’s beginnings in Greece: Nobu Hotel and Restaurant Santorini, Nobu Hospitality’s first hotel and restaurant in Greece, will open this spring, the company announced, after signing a long-term management agreement with MonteRock International. Offering panoramic views of the Caldera and the Aegean Sea, the boutique hotel will feature a Nobu restaurant, five pool villas and a two-tier infinity pool. The hotel marks the 26th of Nobuand one globally and 10and real estate in Europe, with properties in Rome, San Sebastián and Hamburg under development.
IHG Announces New Non-Executive Chairman: InterContinental Hotels Group announced the retirement of Non-Executive Chairman Patrick Cescau from IHG’s Board of Directors, effective August 31. Cescau has held the position since 2013. He will be replaced by Deanna Oppenheimer from September 1. Oppenheimer is non-executive chairman of Hargreaves London plc and sits on the board of directors of Thomson Reuters Corp. Previously, she was a non-executive director of Whitbread PLC and chair of their remuneration committee. She will join the Nominating Committee of IHG’s Board of Directors upon her appointment as a Non-Executive Director from June 1 and will subsequently chair the Nominating Committee after assuming her new role from September 1.
Greene leaving AAHOA: Asia American Hotel Owners Association (AAHOA) President and CEO Ken Greene will be leaving the organization in February to pursue another opportunity. The AAHOA Board of Directors will immediately begin its search for his replacement. Greene was named interim president and CEO in June 2021 and relinquished the interim title in September. Greene is leaving AAHOA for another career opportunity at IBF Hospitality, Dallas, Texas. His last day at AAHOA will be February 11, 2022.
Oakwood expands in Asia-Pacific: Oakwood, Mapletree’s wholly-owned subsidiary, announced plans to double its Asia-Pacific portfolio by 2025. The company is targeting 20 new openings in 2022 across Asia-Pacific, including the launch of Oakwood Beluxs, a brand that was launched in mainland China. China in 2020 and created in partnership with Country Garden Commercial and Culture Tourism Group. The new brand plans to open 10 Oakwood Belux properties in China by 2030, with the first three to launch in April, August and October in Dalian, Yantai and Qingdao, respectively. Oaktree has also signed a strategic partnership agreement with China Green Development Group to expand on the tourist island of Hainan in southern China. The company started the year by opening Oakwood Hotel & Apartments Azabu Tokyo in Japan. In April, Oaktree will mark its entry into Bangladesh with the opening of Oakwood Hotel & Apartments Dhaka and Oakwood Suites Dhaka, both owned by Aara Hospitality.
Richard (Dick) Ferris is deceased: Pebble Beach Co. has announced the death of its longtime co-chairman Richard (Dick) Ferris after a three-year battle with amyotrophic lateral sclerosis (ALS). He was 85 years old. A business and golfing legend, Ferris joined Westin Hotels, then known as Western International Hotels, as a staff planner before becoming general manager of the Continental Plaza Hotel in Chicago four years later. In 1991, he partnered with Peter Ueberroth and bought an interest in Guest Quarters Suites Hotels from General Electric Investments Corp., before acquiring DoubleTree Hotels in 1993. He acquired Pebble Beach Co. and made Pebble Beach Resorts to American ownership. In 1999 Ferris along with Ueberroth, Arnold Palmer, Clint Eastwood, Bill Perocchi and other business leaders and athletes acquired Pebble Beach from Sumitomo Bank and the Taiheiyo Club. Ferris served as co-chairman of the company’s board of directors for more than 20 years and served as its director until his death. The World Golf Wall of Fame will honor Ferris and Ueberroth on March 9 with their first-ever Lifetime Achievement Award.
Cross Hotels is launching a new collection: Cross Hotels & Resorts announced the launch of Cross Collection, a collection of resort and city hotels in leading tourist and business destinations across Asia-Pacific. Cross continues to add to its portfolio of boutique properties with the 72-key Haven’t Met Bangkok By Cross collection and the 16-bedroom residential-style complex Itz Time Hua Hin Pool Villa. The Cross Hotels portfolio currently includes more than 23 hotels across five brands in Vietnam, Thailand, Indonesia and Japan.
Rebranding Andaz Wall Street: Hyatt Hotels Corp. announced the renaming of Andaz Wall Street to Hyatt Centric Wall Street New York. The 253-room hotel underwent renovations in 2019 to include updated rooms and an improved lobby and will resume operations from January 26. Owned by Navika Group of Companies, the hotel will be managed by Blue Sky Hospitality Solutions. Navika plans to invest US$5 million to further revitalize the hotel over the next few years. The Wall & Water Restaurant, an open-air restaurant concept serving breakfast and dinner, will also reopen on January 26. It will be led by New York chef and catering director Alan Ashkinaze. David Cohen has been appointed general manager of the hotel.
Dellisart adds to the portfolio: Dellisart LLC has added the three-story Candlewood Suites Williamsport in Williamsport, Pennsylvania to its portfolio management portfolio. Owned by KJ Singh, the hotel features 100 suites, with each suite including a fully equipped kitchen, flexible workspace, 24-hour fitness center and outdoor barbecue area.
The Thinking Traveler, White Key Villas partnership: The Thinking Traveller, London, has announced its partnership with Greek villa company, White Key Villas, to become the largest operator of exclusive luxury villas in Greece. The Thinking Traveler has acquired White Key Villas, following Piper’s £7 million ($9.56 million) investment in November 2020. The transaction strengthens The Thinking Traveler’s existing portfolio of over 70 villas in the Greek islands. The expansion will cover the Cyclades and Saronic Islands as well as the Peloponnese and will also include destinations like Mykonos, Paros, Tinos and Antiparos. The partnership will provide The Thinking Traveler with access to a collection of villas in Greece and the wider Mediterranean and White Key villas, providing an advantageous business model with a proven track record.