5 things to know: 9 January 2020
 
5 things to know: 9 January 2020
09 JANUARY 2020 10:04 AM

From the desks of the Hotel News Now editorial staff:

  • Trump Organization sets bid deadline for DC hotel
  • New Dubai hotel will be world’s tallest
  • Covivio grows European presence with 8-asset deal
  • Federal court dismisses lawsuit over union extortion, bribery claims
  • Old Nintendo headquarters to be converted into hotel

Trump Organization sets bid deadline for D.C. hotel: The Trump Organization has set a deadline of 23 January for any bids for its Trump International Hotel Washington, D.C., The Wall Street Journal reports. The company hired real-estate firm JLL to market the leasing rights to the hotel.

Eric Trump, EVP of the Trump Organization and son of President Donald Trump, previously told the newspaper that scrutiny over the hotel’s profits is among reasons the company is looking at selling the rights to the hotel. The hotel has been the center of ongoing criticism over whether the Trump Organization holding the hotel’s lease violates the emoluments clause.

The company that buys the lease would have the rights to change both the property’s branding and management, perhaps opening it up to new business that has previously avoided the property for political reasons, the article states.

New Dubai hotel will be world’s tallest: When the Ciel Tower opens in Dubai in 2022 or 2023, it will be the world’s tallest hotel, at 360.4 meters tall, and feature 1,209 luxury suites and residences in 82 floors, CNN reports. The current tallest hotel, the 75-story, 356-meter tall Gevora Hotel, is also in Dubai.

The Ciel Tower is currently under construction in Dubai’s Marina district. The First Group, developer of the property, will seek formal certification for its record-setting height before it opens.

Along with suites, the tower will feature a glass observation deck with 360-degree views of the city, a rooftop swimming pool, rooftop restaurants, a spa and business facilities, the article states.

Covivio grows European presence with 8-asset deal: French real estate investment trust Covivio has expanded its footprint in Europe with its €573-million ($640 million) acquisition of eight luxury assets it will lease to NH Hotel Group, HNN’s Terence Baker reports. The seller, Milan-based investment firm Värde Partners, had operated under the Dedica Anthology umbrella.

Dominique Ozanne, deputy CEO of Covivio, likened the Värde-NH deal to the Starwood Capital-InterContinental Hotels Group deal.

“We have been speaking with Värde for a long time. We did what we did in the U.K, where at the same time we bought the PropCo and the OpCo and, exactly as we also did, signed a long-term lease with (a hotel operator),” Ozanne said.

Federal court dismisses lawsuit over union extortion, bribery claims: U.S. District Court Judge William Hayes dismissed a lawsuit by San Diego-based Evans Hotels that local unions were using extortion and bribery to unionize both the operations of hotels as well as their construction, The San Diego Union-Tribune reports. The judge found the unions’ activity was protected under the First Amendment as petitioning activity.

The lawsuit originated from a dispute between Evans Hotels and local unions over plans to redevelop and expand its Bahia resort hotel on Mission Bay, the article states. Unions argued against the development because it would require eliminating a local roadway that provided access to a beach.

“We are extremely disappointed that the court has blocked our action,” said attorney Susan Leader of the Akin Gump law firm, which represents Evans Hotels. “This prevents us from showing the unions’ activities for what they are—attempts to block projects until developers accept terms that serve only to increase unions’ membership. Their illegal tactics—as detailed in our filing—obstruct good projects to the significant detriment of the City of San Diego and its residents.”

Old Nintendo headquarters to be converted into hotel: The Yamauchi Nintendo headquarters in Kyoto, Japan, will be turned into a hotel by 2021, Nintendo Life reports. The building served as Nintendo’s headquarters when the company primarily manufactured Hanafuda playing cards.

Once converted, the hotel will feature 20 rooms as well as a restaurant, bar, gym and spa.


Compiled by Bryan Wroten.

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