AM:PM News
Welcome to the AM:PM Hotels news section, where you can access press releases, briefings and newsletters.
European hostel markets report mixed 2019 results
According to 2019 data from STR, performance results were mostly steady across the hostel markets in Amsterdam, Berlin, Edinburgh and London.
For future information, click on the link: https://str.com/press-release/european-hostel-markets-report-mixed-2019-results…
Read more » Published 11th February 2020
Berlin hotels post record-breaking year
Despite the uncertainty of a recession in Germany, Berlin's hotels reached their highest levels in occupancy and revenue per available room (ADR), according to 2019 data from STR.
Please click on link for more details https://str.com/press-release/str-berlin-hotels-post-record-breaking-year…
Read more » Published 10th February 2020
Impact of the Coronavirus on Chinese hotel performance
Like the rest of the world, we continue to closely follow the situation around the outbreak of novel coronavirus (2019-nCoV). While the health and wellbeing of so many around the world is the primary focus right now, we also want to do our best to support our partners and answer as many questions as…
Read more » Published 5th February 2020
Impact of the bushfires on New South Wales hotel performance
Preliminary data from STR shows that the Sydney Drive Regional submarket of Sydney has been severely impacted by the bushfires.
For furthur details, please click on the link: https://str.com/press-release/str-bushfire-impact-nsw-hotel-performance…
Read more » Published 15th January 2020
Room supply in Australia reaches over 300,000 hotel rooms
Over 5,300 hotel rooms have been added to existing supply in Australia this year so far, taking its room supply over 300,000 rooms. Quest had the largest number of rooms opening this year with 732 additonal rooms in seven properties.
For more information, click https://str.com/press-release/st…
Read more » Published 8th December 2019
Huazhu Group to acquire Deutsche Hospitality
Huazhu Group has announced that its has reached an agreement to purchase all of the shares in Deutsche Hospitality through its wholly owned subsidairy China Lodging Holding Singapore from Travco Travel in a deal worth about €700M. Reuters noted that the price values Deutsche Hospitality at…
Read more » Published 6th November 2019
Topland sells Hallmark Hotels to Israeli investment fund for circa £250M
Real estate firm Topland Group, which owned the Hallmark Hotels chain and holds a number of other hotel investments, has sold the remaining 26 hotels forming the Hallmark Portfolio, to an Israeli investment fund for reportedly circa £250M.
Topland’s first purchase of operational hotels …
Read more » Published 28th February 2019
Munich to reach 50,000 hotel rooms in 2020
Since the end of 2015, Munich’s hotel room inventory has increased 12%, and there is further growth on the horizon. The Bavarian capital is currently home to 463 hotels, accounting for 47,880 rooms. By the end of 2020, Munich is expected to add 7,337 new rooms across 39 projects — a 15% …
Read more » Published 10th December 2018