CoStar World News for Nov. 20World’s tallest hotel opens in Dubai; UK on track to lead European property recovery; Paris office complex could fetch top price
Hoteliers grateful for resilience, team dedication amid trying yearIn this episode of the CoStar News Hotels Podcast, CoStar Analyst Didio Pequeno shares the latest hotel performance climate and downgraded forecast while five hoteliers weigh in on what they are grateful for in a year marked by uncertainty.
IHG opens world’s tallest hotelIHG Hotels & Resorts now resides over the world’s official tallest hotel, the 1,004-room Ciel Dubai Marina, Vignette Collection, which rises 1,237 feet in height, beating the previous incumbent by 72 feet.
Emotions and memories guide luxury hotel designRenovating and positioning historic luxury hotels across Europe comes with a diverse set of challenges, including reining in capital expenditures and keeping ahead of what guests expect during their stays.
Hoteliers in the Baltics struggling to share Europe’s recent gainsWhile security fears associated with the Baltic region’s proximity to Russia have largely subsided, economic challenges stemming from rising operational costs and an excessive tax burden have come to the fore.
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In a podcast interview, PM Hotel Group's Paul Sacco said hotel owners are looking for transparency and leadership accessibility in an operator, among other important factors.