Cycas Hospitality Announces Five Appointments

With Cycas Hospitality set to open its first two French properties this autumn, the hotel management company has appointed five regional experts across France and Germany in recent weeks to further accelerate its European growth.

Daniel Bowen joined Cycas’s Development and Acquisition team, becoming Development Director for the DACH region (Germany, Austria, and Switzerland).

Luc Vicherd appointed as Regional General Manager earlier this year, with three new team members reporting directly into him from Hyatt’s first dual-branded property in mainland Europe.

Beatrice Puma joined Cycas in April as the company’s first Director of Sales for France. Looking after Hyatt House Paris Charles De Gaulle Airport, Nicolas Dubas previously spent eight years working for Cycas’s first dual-branded hotel in London.

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ftnnews.com/news-home/appointments/world/39551-cycas-hospitality-announces-five-appointments

Helsinki hospitality startup Bob W raises €4 million for tech-enabled apartment hotels with custom sanitisation process

Key Take Away

Bob W, a Helsinki-based hospitality startup, has raised €4 million in a seed round led by by Founders and joined by real estate investors NREP and Estonian firm Kaamos.

The Finnish startup offers an accommodation hybrid between hotels and short-stay apartments or hosted homes like Airbnb, which guests can rent nightly, weekly or monthly. 

 The hospitality company also touts its ‘Ridiculously Clean Standard’, a 63-step protocol to clean, sanitize, disinfect and seal every suite.

For More Information Click Below:

tech.eu/brief/bob-w-seed/

Cambria opens new Hotel in Madeira Beach

Key Take Away

Cambria Hotels, an upscale brand franchised by Choice Hotels International, has opened the Cambria Hotel St. Petersburg–Madeira Beach Marina.

The Cambria Hotel St. Petersburg–Madeira Beach Marina was developed by Madeira Hotel Investors, LLC. It's the third Cambria Hotel in Florida, with others in Fort Lauderdale and Miami. The company also is participating in "Commitment to Clean," Choice Hotels' holistic approach.

For More Information Click Below:

stpetecatalyst.com/zaps/cambria-opens-new-hotel-in-madeira-beach/

Impact of "New Business Model" by IHCL on Investors →

Investors in IHCL seem to be betting on its asset-light strategy.

Step taken by IHCL for Hotel Industry brought lot of changes in Market a major shift from Traditional Strategy to Asset Light Strategy focus on Equity Investment on those where an organization's expertise achieves the best return for investors.

Benefit of this Strategy are:

• Positive impact on investors

• IHCL and EIH Ltd have outperformed the Nifty Midcap Index on a one-year horizon

• Higher Returns on Investment (ROI)

• Ebitda (Earnings Before Interest, Tax, Depreciation and Amortization) rose by 16% after the implementation of Indian Accounting Standards -116 norms

• Higher operating performance implied costs are being in control.

• “Traction in new signings continued with addition of 1,257 rooms in Q1FY20 (April-June) across seven cities, which took the pipeline to 4,500-plus rooms (FY19: 4,000 rooms)."  According to Edelweiss Securities Ltd.

• Seven new contracts in Q1 added

• Occupancy rates in the industry moved up by 3% points to 69% year-on-year in FY2019, according to data from ICRA Ltd.

• UK & US business remain in cloud .

• Earnings Per Share (ERP) Increase by 35% average compounded rate due to Margin Expansion and Lower Capex Intensity.

source : ET