Hotel Designs

    NEWS AND ANALYSIS FOR HOTELIERS, DESIGNERS AND INDUSTRY SUPPLIERS

    Holiday Inn Express Maceio Ponta Verde Opens in Brazil

    150 150 Daniel Fountain

    IHG has announced the opening of the Holiday Inn Express Maceio Ponta Verde in Brazil. The new-build, 160-room hotel is located one block from beautiful Ponta Verde beach in Maceió, the capital of the coastal state Alagoas, in Northeast Brazil and one of the top tourist destinations in the country. Boasting a modern architectural design, the Holiday Inn Express Maceio Ponta Verde’s interior is decorated with a collection of local artworks and folk-art inspired crafts from the area, blending the richness of Maceió’s cultural heritage with the hotel’s contemporary and fresh style. The property also features an array of amenities, including free high-speed wireless Internet connections throughout the hotel and four meeting rooms, totalling 1,614 square feet (150 square meters) and a 100-person capacity. Other amenities include an outdoor pool, fitness centre and business centre.

    Guests will experience a comfortable and smart environment with innovative preferred guest upgrades to ensure a productive stay while travelling for business or leisure. The hotel’s complimentary Express Start® breakfast bar will feature a full range of breakfast items including a rotation of egg and meat selections, biscuits, yogurt, fruit and coffee.

    Guest rooms feature comfortable queen or king-sized beds and a sitting area with a lounge chair. Business travellers will find large desks with ergonomic chairs, free high-speed Internet. The SimplySmart™ shower incorporates a proprietary Stay Smart™ Kohler showerhead, signature shower curtain with curved rod, upgraded 100 percent cotton terry towels and a custom line of cinnamon-scented bath products. Guests will enjoy the SimplySmart™ bedding collection where they will find new crisp fresh bedding which features an attractive decorative throw, a medium-weight duvet blanket and soft 200 thread-count sheets.

    Latin America’s rapidly rising middle class is leading the hotel industry to strong growth across the region, as international and intra-country travel is significantly increasing. A positive supply-and-demand outlook offers IHG-branded hotels a great opportunity to expand in many potential markets.

    The hotel is owned and managed by MC3 Imóveis Ltda., under a license agreement with a company in the InterContinental Hotels Group. The hotel is located at Rua Gaspar Ferrari, 175 Ponta Verde.

    Luxurious bathing fit for the Queen . . . or King of the castle

    150 150 Daniel Fountain

    As a venue that prides itself on offering its guests the last word in luxury and indulgence, Bovey Castle Hotel and Spa in Devon has naturally chosen a StoneKAST limestone freestanding bath for one of its individually designed Grand State suites.Looking right at home in Room 60 of the five star hotel located in the heart of Dartmoor’s National Trust Park, the Ovale bath from StoneKAST makes a stunning first impression as guests arrive in their accommodation and offers a luxuriously inviting way to relax after a day spent exploring the Devonshire countryside.

    Every item of furniture, art and linen in the hotel’s four Grand State suites has been chosen specifically to complement the luxurious hospitality of these lavish retreats. Offering a bathing experience that is as breathtakingly relaxing as the country estate in which it is situated, StoneKAST’s Ovale bath has a natural beauty and organic elegance that help it blend seamlessly into its surroundings.

    Made from recycled and refined limestone composite, the Ovale bath also has superior heat retaining qualities, enabling Bovey Castle’s guests to enjoy a long, hot soak without the hotel itself using up vast amounts of energy.

    These practical factors, combined with Ovale’s unquestionable aesthetic appeal are what led the design team at Bovey Castle to specify it for the recent refurbishment project. Natialie Clark-Medina, from the hotel, explains: “During the hotel’s refurbishment, we searched for a statement piece that would be the main feature in a large modern bathroom.

    “The individuality and luxurious appeal of the hotel are matched by the design of the StoneKAST Ovale bath, which is modern and beautiful. Even within a period property, the Ovale still looks warm and inviting.”

    For more information about StoneKAST visit www.stonekast.com or call 0845 504 0474.

    Decoratif Design: RAC Club Epsom

    150 150 Daniel Fountain

    Decoratif Design was contacted by Russell Sage Studio to supply the finishing touch to their exquisite room makeovers at the RAC Club in Epsom.Russell Sage Studio creates interiors that are timeless, beautiful, hardwearing and functional. They endeavour to imbue all their designs with a unique story and a strong sense of purpose; they take pride in their passion and commitment, creating highly individual schemes, rich in character and full of exquisite detail. They bring a wealth of experience to each and every project, ensuring that their work is seamlessly executed and beautifully delivered.

    Classic Lines – Hotel Room Mirrors

    Perhaps this attention detail is why Russell Sage Studio chose Decoratif Design as their supplier for Mirrors at the RAC Club.

    As is often the case mirrors are the last item to be fitted, usually just before a deadline for when a room is to be let again or a restaurant opened. In this case it was no different and Decoratif Design was asked to supply a range of high quality gold antique frames with bevelled mirrors made to specific dimensions, and all within a week. This was all possible as Decoratif Design can draw from stock over 1000 different framing styles, stock held here in the UK and assembled in our factory in London.

    If you have a requirement for Hotel Room Mirrors we have an endless range of frames that can match any décor. We can make mirrors to order at a very competitive price and are manufactured in the UK, offering a fast and reliable supply.

    IFX Market Report for 03/07/2012

    150 150 Daniel Fountain

    UK

    Sterling strengthened for the first time in 4 days against the euro as investors sought the pound as a safe haven from the big data releases coming out in the Eurozone later this week. GBPEUR got as high as 1.2489 before settling just above 1.2450. Against the dollar, sterling continued to try and push above the 1.57 level and reached a high of 1.5720 in the evening before settling at around 1.568. If the pound continues to rise further it will find resistance at 1.5746 and 1.5786.

    The UK’s manufacturing sector continued to remain vulnerable as demand was declining and job losses continued. Though the index was at 48.6 in June, up from 45.9 in May and above expectations, it remained below the 50 mark for the second consecutive month, which is a sign of contraction.

    More emergency cash is expected to be pumped into Britain’s economy this week as policymakers seek to cushion the UK from a worsening Eurozone crisis. The BoE Monetary Policy Committee is widely predicted to boost its Quantitative Easing programme by another £50 billion to £375 billion when it announces the outcome of its latest monthly meeting on Thursday.
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    WORLDWIDE

    The euro lost some of its gains following the positive outcome from the EU summit after Finland joined the Netherlands in saying it opposed granting the European Stability Mechanism. Currently trading at 1.2585, EURUSD is now almost 1% below where it opened after the weekend.

    The euro also suffered against commidity currencies and hit a 4 month low against the Australian dollar of 1.2309, EURAUD is currently trading at 1.2350.

    As investors turn their attention to the ECB monetary policy meeting on Thursday, the general consensus being priced into the markets is of a 0.25% rate cut. We need to see either a 0.5% rate cut or deposit rates to move from 0.25% to 0% to really see any significant change in EURUSD.

    With Independence Day tomorrow in the US, Europe’s rate decision on Thursday and the much-anticipated Non-Farm Payrolls data due to be released on Friday may prompt investors to trade currencies in a narrow-range for most of this week.

    Eurozone unemployment rate hit a new record high of 11.1%, from 11% in April. On a yearly basis, unemployment surged by 1.82 million. Strangely however, official figures also showed that Italy’s unemployment rate fell for the first time in sixteen months to 10.1% in May.

    The Eurozone Purchasing Managers’ Index for the manufacturing sector remained unchanged in June at 45.1 from the prior month, but stayed slightly above the flash estimate of 44.8, although this had little impact on the Euro.

    Activity in the US manufacturing sector unexpectedly contracted in the month of June, the ISM said its purchasing managers index dropped to 49.7 in June from 53.5 in May, with a reading below 50 indicating a contraction in manufacturing activity. Economists had expected the index to show a much more modest decrease to a reading of 52.0.

    Following the ISM report the Yen was the top performer, moving from USDJPY 76.75 to 76.37. This suggests that traders were not only seeking safety, but also moving away from the USD. This could be a reaction to signs the Fed may embrace a more accomodative monetry policy in the future.

    US construction spending increased by more than expected in May even as revised figures showed stronger than initially reported construction spending growth in April. The initial estimate for construction spending in May came in at a seasonally adjusted annual rate of $830bn, a 0.9% increase from revised April estimates.

    Down under the Aussie spiked slightly, up about 45 pips since finding a session bottom at 1.0230 against the USD. The bullish momentum has been driven by an impressive AUD building permits release, which has increased by over 27% in May (exp 5.1%) compared to a revised fall of 7.6 in April.

    Australia’s central bank decided to keep the key interest rate unchanged as it awaits the pass through of the effects of the two consecutive rates cuts implemented this year aimed at shielding the economy from the worsening situation in Europe. The RBA held the benchmark cash rate steady at 3.5%

    Marriott International Opens Landmark Guangzhou Marriott Hotel Tianhe

    150 150 Daniel Fountain

    Marriott International has recently announced the opening of Guangzhou Marriott Hotel Tianhe, the latest addition to the company’s signature Marriott Hotels & Resorts brand. Ideally located in the centre of Tianhe Business District, Guangzhou Marriott Hotel Tianhe is adjacent to Pearl River New City – home to the majority of Guangzhou’s international companies and a growing tourist hub.Featuring deluxe city views, four unique dining destinations and 895 square meters of multifunctional event space, the hotel has been carefully designed to cater to the needs of the region’s discerning event professionals, as well as business and leisure travellers.
    Guangzhou Marriott Hotel Tianhe’s 319 well-appointed guest rooms and suites offer plug-and-play laptop connectivity with television, high speed wireless and wired Internet and premium bath essentials.

    There are three expansive atriums located in the hotel, providing a relaxed meeting point for guests above Tianhe’s bustling city centre. The Health Club and heated indoor pool also offer guests the perfect opportunity to unwind.

    Featuring 895 square meters of event space, including two pillar-free ballrooms and a multi-function room divisible into five sections, the hotel offers comfortably spacious meeting, banquet or cocktail facilities. All facilities are equipped with state-of-the-art audio-visual systems and Wi-Fi, with dedicated wedding planners also available.

    The hotel’s four dining options are destinations in themselves. Man Ho, the hotel’s signature restaurant, serves authentic Cantonese cuisine using only the freshest ingredients from the Pearl River Delta, as well as native ingredients that are characteristic of the Guangdong province’s rich countryside. For intimate dining experiences, Man Ho offers a selection of uniquely stylish private rooms.

    Guests can enjoy local and international flavours at City Bistro, an all-day dining restaurant set to impress with its lavish fresh seafood buffet and seasonal à la carte offerings. Fresh coffee, pastries and bites-to-go are also available at Java+, while the fifth floor’s The Lounge provides an elegant setting for guests to enjoy afternoon tea or an evening cocktail.

    Protect Your Beds And Your Reputation, Says Hypnos

    150 150 Daniel Fountain

    Gone are the days when a hotel’s primary safety concern was ensuring that their beds complied with CRIB 5 Fire Retardancy standards. Though that is still a prime concern, now there are also bed bugs to consider.Bed bug infestations are a growing problem worldwide and a surge of visitors to the UK this summer will bring with it a surge of bed bugs carried in people’s luggage and clothing.
    Bed bugs are not just an inconvenience; they will feed on your guests causing nasty reactions and painful rashes, and mattresses are a classic breeding ground for them.

    Not only can bed bugs cause an uncomfortable night’s sleep for guests, their presence can fuel serious complaints, bad reviews, compensation claims and costly pest control. As guests spend most of their hotel stay in their beds, they are at a high risk of contact with bed bugs, so it is imperative that hoteliers do not ignore this issue and take the necessary steps to prevent infestation.

    Hypnos, the UK’s leading hotel bed maker and proud holder of a HRH Queen Elizabeth II’s Royal Warrant, has partnered with HHL Technology to launch Vital Protection™ – a revolutionary new bed treatment to help eliminate bed bugs.

    The fabric impregnation treatment is designed to provide long lasting protection against bed bugs for hotel guests. What’s more – it has been independently scientifically proven to effectively repel and instantly kill bed bugs, as well as dust mites and other bacteria.
    The treatment can be added to any of Hypnos’ new mattresses ensuring protection before they arrive at the hotel. However, for those hotel owners not wishing to buys new beds, Vital Protection™ can also be used on existing beds, by applying a zipped mattress renovator which encases the whole of the mattress. Vital Protection™ cannot be washed off and is completely invisible and odourless, having no negative impact on the fabric’s fire retardancy properties.

    It cannot be stressed enough how important protection against bed bugs will be for hotel owners – particularly this summer – in preserving a brand’s reputation. Recently, a high profile hotel chain in the USA was successfully sued for $382,000 by guests who had been bitten; and entomology studies suggest that Australian tourism has lost $108million a year due to bed bug infestations.

    The time for hoteliers to complete their summer checklists is now, in order to avoid any complaints or bad publicity and most importantly – to ensure that your guests have a night’s sleep to remember, for all the right reasons.

    Hypnos also offers a bed disposal service, where the company will remove old beds and recycle all the materials. For more information on this service or Vital ProtectionTM, please visit www.hypnoscontractbeds.com or call 0115 973 2180.

    Choice Hotels Opens 400th Rodeway Inn Hotel

    150 150 Daniel Fountain

    Choice Hotels International, Inc., one of the world’s largest lodging franchisors, is proud to announce that it reached 400 domestic franchised units for its Rodeway Inn® brand with the recent opening in Saint Charles, Mo. The Rodeway Inn brand was originally founded in 1964 and acquired by Choice Hotels in 1990. “I am thrilled to be a part of this great, trusted brand, as well as the exciting achievement of 400 hotels,” said Nick Patel, hotel owner and general manager. “The hotel is just a few miles from the charming Old Town Saint Charles area with antique shops and beautiful parks. Guests can hike the scenic Katy Trail, visit Daniel Boone’s homestead and enjoy the many attractions of nearby St. Louis.”

    With more than 22,000 total guestrooms conveniently located across the country, Rodeway Inn hotels offer guests welcoming accommodations at great savings. Most properties offer amenities including -free morning coffee, high-speed Internet and premium movie channel.

    “We are really proud to celebrate this momentous milestone for the brand,” said Craig Mustard, director, brand strategy. “Staying with Rodeway Inn makes a lot of sense for travelers. With the great savings and free amenities we offer, guests can focus on their experience instead of their wallets. We are excited to work with Nick Patel and his team and continue to expand the brand.”

    IFX Market Report for 02/07/2012

    150 150 Daniel Fountain

    UK

    On Friday, the main focus for the UK was BOE Governor Mervyn King and the Financial Stability Report. A decision was made for banks to raise their capital levels to protect them from any losses if economic conditions in the Eurozone deteriorate. The central bank estimates it has an exposure from UK lenders to vulnerable countries including Greece, Ireland, Italy, Portugal and Spain, totalling £169bn.King also called for fundamental reform of the process by which Libor is set. This is a very significant change and would probably lead to Libor rising far higher during periods of financial stress such as the present. This weekend, Barclays Plc Chairman Marcus Agius resigned after the bank was fined a record £290m for trying to rig interest rates.

    GBPEUR hit a high during the trading day of 1.2483 and posted a low of 1.2363, after a brief spell trading just above 1.24 over the weekend markets have opened this morning at around 1.2390. Strong long term support has yet to be broken at 1.2345, the more likely scenario is to break resistance at 1.2435, a close above 1.2496 is the key for further gains.

    Since Friday morning, GBPUSD has posted a low of 1.5512 and a high of 1.5712 amid the rise in risk-taking behaviour. Markets have opened this morning at around 1.5660. After breaking to a new high last week, near term resistance is now as high as1.59.

    Earlier this morning, a survey undertaken by Hometrack showed that house prices in the UK stagnated in June as global economic gloom curtailed demand.
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    WORLDWIDE

    The euro surged to a high of 1.2692 against the dollar on Friday as the EU agreed to directly recapitalize commercial banks through the European Financial Stability Mechanism, while the group said it would drop the senior loan status for Spain as the government looks to tap up to €100bn from the EFSM.

    So far this morning euro has fallen against major peers before data today that may show the currency bloc’s jobless rate climbed to a record and manufacturing contracted, boosting prospects the ECB will cut interest rates this week. Analysts are pricing a 37% chance for a 25bp interest rate cut according to Credit Suisse.
    German Chancellor Angela Merkel held her ground as she continued to reject Euro bonds, and went on to say that the easing borrowing condition for Spain’s is a special one-time case – curbing speculation that Italy may get a similar deal should it require assistance.

    German retail sales fell unexpectedly in May for the second month in a row as consumer spending was weighed down by weak economic prospects and the unresolved Eurozone debt crisis.

    French finance minister Pierre Moscovici Sunday cut the government’s growth forecasts for this year and next after the French economy stalled in Q1. Extra taxes and spending controls are to be announced this week in order to stick to deficit-reduction targets.

    Eurozone annual inflation remained unchanged at 2.4% in June. Though the rate remained comfortably above the central bank’s target, the ECB feels that there is no inflation risk at present in the euro area.

    Canadian GDP rose 0.3% mom in April, up from 0.2% expected. GBPCAD moved from 1.6040 over the weekend, to trade at 1.5936 after the release.
    Confidence among US consumers declined more than expected in June to the lowest level this year as the labour market showed few signs of improving. The University of Michigan final index of sentiment fell to 73.2 this month from 79.3 in May.

    The Chinese manufacturing sector remained in contraction for an eighth consecutive month in June, as output, incoming new orders and employment continued to decrease.

    Large Japanese companies were less pessimistic about business conditions in the three months to June and plan to ramp up capital spending ahead, the Bank of Japan’s closely watched tankan survey showed earlier today, as solid domestic demand helps to brighten the outlook for the nation’s economy. The result is likely to take some pressure off the central bank to take further policy steps at its meeting next week, but with recent price data suggesting that the BOJ’s 1.0% inflation goal is still some way off, its easy monetary policy stance will likely remain unchanged.

    Park Plaza® Hotels & Resorts Opens For Business in Croatia

    150 150 Daniel Fountain

    Three hotels open doors after 25 million euro investment

    PPHE Hotel Group Limited, owner and operator of primarily full service upscale and lifestyle hotels including the Park Plaza® Hotels & Resorts in Europe, has announced the official opening of Park Plaza Medulin, Park Plaza Histria Pula and Park Plaza Verudela Pula in conjunction with Croatian hospitality partner, Arenaturist.Working with Croatian construction workers and developers, Park Plaza Medulin was the first to open its doors having received an extensive renovation and rebranding to the Park Plaza® Hotels & Resorts standard and is located within the historical fishing town of Medulin alongside the Medulin Riviera. Park Plaza Medulin underwent a renovation of 118 rooms and reception area, new fitness centre and refurbished restaurant and pool areas.

    Situated on the south coast of the Istrian peninsula, Park Plaza Histria Pula and Park Plaza Verudela Pula both received a combined 25 million euro investment. Park Plaza Histria Pula boasts a new reception, lobby, restaurant and conference centre holding 700 delegates making it ideal for both holiday and business travellers. Featuring a Balinese inspired spa and fitness area, Park Plaza Histria Pula overlooks the Adriatic Sea and offers guests’ views of landscaped gardens and beach areas as well as parking and the nearby Yacht Club for dining and diving.

    Continued on page two…

    Courtyard Maui Kahului Airport Says Aloha

    150 150 Daniel Fountain

    Courtyard Maui Kahului Airport opened its doors this month and welcomed guests to its innovative lobby and room design on the picturesque island. This latest Courtyard is the brand’s fourth in its Hawaii portfolio and the first managed by Marriott International, Inc. Located at 532 Keolani Place, the hotel is owned by R.D. Olson Development and features the Refreshing Business lobby that offers flexible private/public space, media pods, Wi-Fi and a variety of seating zones, ideal for everything from pop-up meetings to social gatherings.The 128-room, 10-suite Courtyard Maui Kahului Airport helps guests stay connected, productive and comfortable. Thoughtfully planned, each room features plush bedding, functional work space with an ergonomic chair, spacious bathrooms, a separate seating area and complimentary in-room high-speed Internet. Individual climate control, 37-inch LCD high-definition televisions and iPod docking stations help add to guests’ comfort.

    The open, bright and contemporary Courtyard hotel lobby welcomes guests with vivid contrasting colours, including blue, green, orange and red. The traditional front desk is replaced with separate welcome pedestals to create more personal and private interactions when guests check in and allow staff to show guests the lobby features and provide assistance. Flexible seating options range from a communal table in the middle of the action, to more private media booths with high-definition televisions, to a more intimate, semi-enclosed lounge area.

    Dining has also been completely redesigned with The Bistro – Eat. Drink. Connect.®, offering casual, flexible seating; easier access to food and higher quality, healthier menu options for breakfast; and light evening fare, including snacks, cocktails, wine and beer so guests can unwind. Coffee lovers can also enjoy freshly brewed Starbucks coffee. The MarketTM, a 24/7 shop for snacks, beverages and sundries, is always open for late-night cravings or the toothpaste mistakenly left behind.

    Throughout the hotel, guests can connect to free WiFi, and there are ample electrical outlets in the lobby to power digital devices. The business library features several complimentary computer terminals, along with a free printer and separate computer stations dedicated solely to printing airline boarding passes and checking flight status. Guests can also take advantage of state-of-the-art meeting space, a well-equipped fitness centre, surfboard storage and a sparkling outdoor pool, complete with relaxing cabanas and a whirlpool.

    Chelsfield instructs Knight Frank to sell two London hotels

    150 150 Daniel Fountain

    The two freehold hotels, Club Quarters St Paul’s and Club Quarters Gracechurch, have a combined 468 keys. St Paul’s is the largest with 265 rooms. They are both located within the City of London and focus predominantly on corporate membership business. Both hotels are managed by Club Quarters, a US operator who specialise in business traveller hotels. Chelsfield aim to sell the company that owns both hotels which has the benefit of a stapled-finance package that will be transferred to the buyer. The terms of the financial package are near-on impossible to replicate in today’s constrained debt market.

    Dominic Mayes, head of hotels at Knight Frank comments; “Demand for quality central London hotel assets is currently very strong and we anticipate a high level of interest in these assets, in particular from overseas buyers. Both hotels are freehold, in excellent locations and have strong cash flows backed by operator guarantee provisions and offer a purchaser good growth prospects. The stapled debt package included in the sale will also no doubt help.”

    Knight Frank is advising Chelsfield Partners LLP.

    8Hotels Completes Perth Refurbishment

    150 150 Daniel Fountain

    Having taken over the management of Aarons Hotel Perth last year, 8Hotels are very excited to have completed a major refurbishment of the property which will now be known as the Pensione Hotel Perth. The refurbishment included new carpets, furniture, bedding and soft furnishings and paint, as well as the installation of reverse cycle air-conditioning and the renovation of most bathrooms. 8Hotels are also about to begin to refurbish the hotel’s conference facility – The Murray Room.

    It’s the third property within 8Hotels’ Collection to carry the name Pensione – a name that represents great budget value rooms with style and character that are centrally located.
    8Hotels are really proud of the transformation and the Pensione Hotel Perth Team look forward to welcoming you on your next visit to Perth.

    IHG Announces the Opening of the Presidente InterContinental Santa Fe in Mexico City

    150 150 Daniel Fountain

    IHG (InterContinental Hotels Group) and Grupo Presidente announce the opening of the Presidente InterContinental Santa Fe in Mexico City. The tallest building in the area, the Presidente InterContinental Santa Fe offers stunning views of the Santa Fe area, the Valley of Mexico and the Popocatepetl and Iztaccihuatl volcanoes.The building’s conversion into the Presidente InterContinental Santa Fe represents a nearly $35 million investment with the creation of 200 new jobs during the construction phase and more than 350 jobs added to operate the hotel and its restaurants.

    This luxury hotel features 111 spacious rooms, including 26 suites, all furnished with contemporary décor and the latest technology. There are also six meeting rooms for up to 300 people, an art gallery, seven stories of office facilities and six restaurants, including Au Pied de Cochon, The Palm, King Fish, Lucy Shanghai, City Bistrot and the soon to open Bamboo House, that feature cuisines ranging from Mexican and Asian to French.

    The hotel hosts a gym, boutique, spa and beauty salon, operated under the L’Occitane brand, a terrace bar, the InterContinental Club Lounge and valet parking service. The property also offers shuttle services within the Santa Fe area.

    The Presidente InterContinental Santa Fe is owned by an investment fund and managed by Grupo Presidente under a license agreement with a company in the InterContinental Hotels Group. The hotel is located at Campos Eliseos 218 Piso 11 Polanco 11560 Mexico, D.F.

    More images on page two

    Hilton Carlsbad Oceanfront Resort & Spa Officially Opens

    150 150 Daniel Fountain

    Hilton Carlsbad Oceanfront Resort & Spa, representing the most significant new resort construction to open in California this year, celebrated its ribbon-cutting and the arrival of first guests on the 21st June.Offering a premier coastal location directly across from Ponto Beach in north San Diego County, Hilton Carlsbad Oceanfront Resort & Spa was designed to offer spectacular views of the Pacific, not only from many of its 215 guest rooms but also from its 25,000 square feet of indoor and outdoor meeting and wedding space. The resort’s stylish Chandler’s Restaurant & Lounge presents the coastal regional cuisine of acclaimed international chef Pascal Vignau, while the 5,600 square-foot Ocean Crest Spa offers an environmentally-mindful spa experience inspired by the healing powers of the sea.

    Owned by Wave Crest Oceanfront LLC and operated by Wave Crest Hotels and Resorts, Hilton Carlsbad Oceanfront Resort & Spa has a team of 200 employees in place, while more than 300 individuals were hired earlier as part of the resort’s 18-month construction effort.

    Highlights Of Hilton Carlsbad Oceanfront Resort & Spa

    Rooms and Suites: Modelling the California Craftsman style, Hilton Carlsbad Oceanfront Resort & Spa features 215 guest rooms including eight suites, many offering panoramic ocean views and all providing travel conveniences including in-room mini-refrigerators, 42-inch flat-panel televisions, complimentary WiFi and complimentary printing. Guest rooms average 415 square-feet in size, with many connecting rooms available.

    Chandler’s Restaurant & Lounge: Chandler’s brings innovation and style to the local restaurant scene, featuring coastal regional menus inspired by locally- grown fresh products and highlighted by the cuisine of famed chef Pascal Vignau. The heart of the restaurant is a spectacular bar serving signature cocktails, while a private wine room further complements the spacious ocean-view setting. Multiple terraces and an outdoor fire-pit take advantage of California’s year-round outside dining weather.

    Ocean Crest Spa: The 5,600 square-foot Ocean Crest Spa is inspired by the Pacific Ocean and offers seven treatment rooms, a couple’s room with tub and private outdoor relaxation area, and men’s and women’s relaxation and locker rooms. A full menu of treatments features the usage of pure and organic products, with a focus on those derived largely from coastal California plants and growers.

    Ocean-View Swimming Pool: The resort’s large saline-treated pool is surrounded by a vibrant coastal desert garden of palms, succulents and grasses enhanced by a children’s splash pool, outdoor fire pits and expansive ocean views.

    Hilton Fitness: A spacious aerobic area, free weights and state-of-the-art cardio equipment with televisions highlight this large and modern fitness-facility-with-a-view. Meeting and Wedding Space: 25,000 square-feet of indoor and outdoor meeting space is available for meetings, weddings and events, with many venues offering beautiful ocean panoramas.

    The Reniassance of The Roger

    150 150 Daniel Fountain

    The Hotel Roger Williams is reinventing itself with the unveiling of the next generation’s undertaking: The Roger in June of 2012. The repositioning of the hotel property will include a refreshed brand identity, a fully updated food and beverage concept, as well as newly designed guest rooms and public spaces. The rebirth of this iconic Madison Avenue luxury hotel demonstrates the hotel’s commitment to providing the highest level of service, style and comfort to its guests. President of JRK Hotel Group, John Flannigan, assembled New York’s sharpest hospitality minds with the intent to create the next phase of the luxury hotel.“The Roger has always been a haven for travelers seeking sophisticated accessibility and this redesign is part of our continual evolvement in providing the perfect mix of modern amenities in a warm environment.” The Roger is the result of a collaboration of industry veterans including Steven Kamali, notable designers Anna Busta and Annette Jaffe, a menu by acclaimed chef Julie Farias, and cocktails by famed mixologist Johnny Swet.

    StevenKamali, one of the industry’s foremost experts working with clients at the intersection of hospitality, restaurants and nightlife, is skillfully advising JRK Hotel Group on the repositioning of its hotel property. Working to rejuvenate the classic brand, the concept of the property passing down from father to son. Inheriting the reigns to the hotel, the Roger’s son offers a modern freshness that seamlessly balances the historical nature of the property while providing a relaxed chic new perspective.

    Anna Bustawas commissioned toredesign the lounge and dining interiors. The cavernous lobby is warmed with a rich palette of jewel tones across plush seating vignettes, repurposed brick, vintage photography, antique chandeliers, modern deco accents, and a lux-rounded bar as the centerpiece.Shere-imagined a full bar lounge adjacent to the lobby and an intimate dining space on the mezzanine level resembling a modern American bistro. The upstairs dining room offers a refuge from the humble theatre of the lobby lounge, featuring marble bistro tables and blue striped banquettes wrapped in bright white and blue tiles.

    Annette Jaffe of MSM reimagined The Roger guest rooms. A rich palette of deep navy runs throughout the room from elegant, lush suede headboards, geometric curtains, and welcoming armchairs. Jaffe’s custom pieces are used in each of the 194 unique guest rooms to flawlessly complement their surroundings. The Roger experience is enhanced with a plethora of updated amenities, making each room a reinvention of the pied-à-terre.

    The stylish new enrichment announces that the Roger has grown up, but the hotel’s unwavering commitment to superior service and unparalleled guest experience remains at the heart of the hotel. Whether for only a night or a long stay, the Roger is the perfect home away from home for the savvy traveler.

    IFX Market Report for 29/06/2012

    150 150 Daniel Fountain

    UK

    The boss of Barclays has insisted he will not resign after staff rigged the key lending rate between banks. And in a letter agreeing to give evidence to MPs, Mr Diamond condemned the inappropriate behaviour of a “small number” of employees who had tried to make profits for their own benefit.As markets awaited the outcome of the EU summit last night trading remained range-bound across the board. The GBPEUR opened the day at 1.2489 reaching a high of 1.2521. Overnight on the back of positive news from the summit we have seen the Euro rally pushing this pair to a low of 1.2380.

    GBPUSD Despite some intraday pullbacks, the bullish correction since early June remains alive, and we still see room for additional upside to 1.5780. A risk on environment will be needed to spark this movement and the outcome of the summit last night has provided a good platform to start from. With possible UK quantitative easing ahead Sterling remains vulnerable, any declines are expected to be well supported around 1.5500.

    United Kingdom gross domestic product fell by 0.3% in the first quarter of 2012, as was initially estimated following the end of the quarter. The quarter’s GDP was – 0.2% lower than Q1 2011, as opposed to the initial estimation of -0.1%, according to the UK Office for National Statistics.
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    WORLDWIDE

    EURUSD has completed a healthy 1.6% rebound from a day low yesterday of 1.2419 to a high this morning of 1.2620. A close back above 1.2585 will now be required to accelerate gains through 1.2750 and towards 1.3000. A rumoured ECB rate cut next week could limit the rally.

    After 13 hours of talks EU leaders have agreed to use the Eurozone’s planned bailout fund to directly support struggling banks, without adding to government debt. Spain and Italy put pressure on Germany to allow the bailout fund to buy government debt in the markets – a measure to contain borrowing costs. Eurozone leaders agreed to begin implementing the decisions by the 9th July. However, it could take until the end of the year before the new money becomes available.

    There is still a lot of detail to clear up, but this should be enough to remove some of the EUR negative positions from the market. Even so, the potential for ECB easing next week may limit enthusiasm for the EUR.

    The European Union, the European Central Bank, and the International Monetary Fund will send a team to Greece next week to review the country’s finances, a European Commission spokesman said Thursday. The team will be looking for ways bailed-out Greece can make more savings to meet its budget targets for 2013 and 2014.

    The number of US workers filing initial applications for unemployment benefits fell last week but remained high, signalling quiet job growth. Initial jobless claims for US decreased by 6,000 to a seasonally adjusted 386,000 in the week ended June 23, the Labour Department said yesterday.

    The Australian and New Zealand dollars climbed for a third day as US economic reports eased concern the world’s largest economy is faltering, boosting demand for higher-yielding assets. The AUD headed for its biggest monthly gain versus its U.S. counterpart since January as traders added to bets the Reserve Bank of Australia will keep rates unchanged next week as long as Europe’s debt crisis doesn’t worsen.

    Cyprus will continue to talk with Russia and China about financial assistance even after the Eurozone indicated that it will help the country, President Demetrius Christofis said Thursday.

    Cedar Court Hotels starts its ambitious investment into producing stylish new bedrooms

    150 150 Daniel Fountain

    Cedar Court Hotels has embarked on an ambitious programme of investment, starting with the unveiling of eighteen new chic, ergonomically designed, energy-efficient and clutter-free rooms at Cedar Court Hotel Wakefield.The new rooms represent the start of an important period of change for Yorkshire’s largest independent hotel collection. Over the next five years, significant investment will be made into each of its four star hotels in Wakefield, Huddersfield/Halifax, Leeds/Bradford and Harrogate, ensuring that these popular hotels continue to meet and exceed guest expectation.

    The completion of the new bedrooms comes in the wake of the hugely successful £25m launch of the five star Cedar Court Grand Hotel & Spa, York.

    John Horvath, Cedar Court’s Group Hotel Director, said:
    “The creation of Cedar Court Grand Hotel & Spa, York signalled the beginning of a long-term project to secure Cedar Court Hotels’ reputation as the best-loved and admired hotel brand in Yorkshire.

    “People already knew us as a trusted four-star operator, but now we also have the five-star knowledge, expertise and values which we want to share with all our guests.

    “These rooms are beautiful spaces for relaxing, working and holidaying and they reflect our ambition to provide the best possible guest experience at all times.

    “The next stage of this project will see our other four star properties take on fresh, new and exciting identities that excite and delight our guests. That we are making such an investment in spite of the harsh economic climate is testament to the confidence we have in the Cedar Court brand and its offering to business and leisure guests alike.”

    In response to customer feedback, these new rooms – which were designed by boutique hotel specialist David Brown of Decor – have increased lighting and comfort while retaining energy-efficiency, and have five star quality pocket sprung beds. The competitive rates, free wi-fi and Cedar Court Wakefield’s easily accessible location just off the M1 (J39) should make the rooms an attractive proposition to business guests, thereby helping bring further business to the Yorkshire region.

    Brand New You-Phoria Villas Unveiled Crete

    150 150 Daniel Fountain

    Set in the picturesque bay of Kissamos in the rustic village of Kastelli, Crete, Vassilis Gialamarakis owner of the Mistral Hotel has announced the completion of six brand new luxury villas.The newly completed You-Phoria Villas have been designed with luxury holiday living in mind, the innovative and architectural features which are apparent throughout give the villas a contemporary yet environmental edge. Making the most of panoramic views, all enjoy privileged hillside positions, commanding stunning views of the Gramvousa peninsula, the turquoise waters of Kissamos Bay and the surrounding lush olive groves.

    Well-appointed, each villa has been finished to the highest specification with the emphasis very much on outdoor entertaining, dining and relaxation. COCO Mat furniture has been carefully chosen to provide maximum comfort, and all villas have their very own private swimming pool. Perfect for families or small groups, the villas have two bedrooms each, one reception room and can accommodate up to five people.

    There are many un-spoilt beaches within easy reach of the villas, and in the nearby town of Kissamos, charming shops; cafes and quaint tavernas are perfect to while away a few hours. From Kissamos, guests can also take a boat ride to the pirate island of Gramvousa and the world famous Balos Lagoon.

    The great location also means that guests are close to many of the highlights of Crete: Ancient Falasarna with its golden sandy beach and Minoan history, Elafonissi (voted one of the top ten beaches in the world) and Samaria Gorge (the longest in Europe) presenting a challenge for those who are serious about their walking.

    More images on page two

    Prison Charity Fine Cell Work Is Honoured with the Queen’s Award for Voluntary Service

    150 150 Daniel Fountain

    Prison charity, Fine Cell Work has been given the Queen’s Award for Voluntary Service. Fine Cell Work, founded in 1997, is a social enterprise that trains prisoners in paid, skilled, creative needlework – undertaken in the long hours spent in their cells – to foster hope, discipline and self esteem. It’s a way of life that enables them to serve their time with dignity and purpose and the earnings give them hope, skills and independence. The Queen’s Award for Voluntary Service is the highest honour that can be given to volunteer groups across the UK for outstanding work. It is the equivalent of an MBE for the organisation. It is given for outstanding achievement by groups of volunteers who regularly devote their time to helping others in the community, improving the quality of life and opportunity for others and providing an outstanding service.

    The award specifically recognises the work of Fine Cell Work’s south-eastern branch of volunteers, which includes London – the longest standing and most evolved region of volunteering. The volunteers train the prisoners participating in the scheme to achieve world class embroidery and needlepoint, often working in an unfamiliar and unfriendly environment. Fine Cell Work relies almost entirely on its volunteers’ efforts. From the start, they have shown courage and ingenuity. They are Royal School of Needlework or City & Guilds qualified, and are almost all women. They have had to win the trust and respect of prisoners, 75% of whom are male. They teach them irrespective of the offences for which they are in prison.

    Acknowledging the award on behalf of Fine Cell Work, its chief executive Katy Emck said, “Fine Cell Work’s volunteers are not just needlework teachers. They are figures of continuity and humanity in dehumanizing places.’

    ‘After 15 years of the volunteers’ dedicated work in obscure places, fine embroidery in prisons has become not only accepted but in some quarters orthodox. The Queen’s Award for Voluntary Service is recognition that their efforts are at the heart of Fine Cell Work’s achievement and we are exceptionally honoured to gain this award in the Diamond Jubilee year.’

    ‘In 2011 Fine Cell Work worked with more than 400 volunteers teaching in prison and helping with events, administration and promotion. This is an army of support and it is growing. We are always looking for more volunteering offers.”

    “The volunteers treat us like people. They are not in it for themselves,” said a prisoner in HMP Littlehey. These sentiments are often expressed by prisoners, who say Fine Cell Work takes them beyond prison and puts them in touch with normality, making them feel socially useful and that they are “giving back.”

    Allplan Young Architects Award 2012: Nemetschek Allplan is looking for young and talented architects

    150 150 Daniel Fountain

    From June 14 to July 15, 2012, Allplan will be looking for young and talented architects. The Allplan Young Architects Award (AYAA) 2012 represents a call for students and young professionals (up to 32 years old) to put forward a specific idea or project that has been designed and/or implemented using the Allplan CAD software. The award offers also an opportunity to reach a broad public. The drafts can be submitted by simply uploading them in a facebook app. A jury of three will nominate the best projects and award them a 3D plot.”With the Allplan Young Architects Award 2012, we want to help prepare young talented architects for their future career. As well as the official award, we also provide the winners with the platform to present their ideas and drafts effectively to an international public”, says Peter Mehlstäubler, Managing Director, Nemetschek Allplan GmbH.

    The international competition started on June 14 and runs until July 15, 2012. It is open to all architecture students and young architects at the beginning of their career. We are looking for creative CAD projects designed and/or implemented with Allplan BIM software. The Cinema 4D visualization software from Maxon is also allowed for renderings.

    The drafts can be submitted quickly and easily via facebook: www.facebook.com/Nemetschek.Allplan. Allplan provides an app with an upload function for all participants. There are no format templates or requirements. Because AYAA 2012 is aimed at supporting young, talented architects, participants may not be older than 32 at the time of submission. The jury will consist of three experts from Nemetschek Allplan, who will evaluate and rate submissions based on the project idea, quality, and uniqueness. The first three winners will each receive a 3D plot of their draft. All winner projects will also be shown on the websites of Nemetschek Allplan.

    IFX Market Report for 28/06/2012

    150 150 Daniel Fountain

    UK

    It was a fairly quiet day of trading yesterday ahead of the key Eurozone summit starting today as markets await news over the uncertainty surrounding Europe.Sterling rose to a high of 1.2521 against the euro yesterday before falling back and finding support at the low of 1.2475.

    Against the dollar sterling reached the morning high of 1.5640 before falling to the low of 1.5546.

    The Confederation of British Industry said yesterday that UK retailers reported a sharp rise in sales in June, as the royal jubilee weekend lured shoppers onto the high street,
    UK mortgage approvals in May fell to the lowest level in a year to 30.2k from 31.2k previously, this adds speculations the BoE will be forced to resort to further QE over the coming months.

    UK house prices posted the biggest annual drop since August 2009 in June, as a lack of activity amid a weak economic backdrop and tight lending conditions weighed on home-sellers’ pricing power.
    ________________________________________

    WORLDWIDE

    Italy held a disappointing bond auction yesterday selling €9bn worth of 185 day bills at an average yield of 2.95%, up from 2.1% on May 29th. Italy is also scheduled to sell as much as €5.5bn of 5 and 10 year bonds today.

    Chancellor Angela Merkel’s cabinet yesterday approved the draft 2013 budget that puts Germany on track to achieve a nearly balanced budget. The government expects new borrowing of about €18.8bn next year and €13.1bn in 2014. The structural deficit, which takes account of swings in the economic cycle, is expected to be about 0.35% of GDP.

    The budget committee of Germany’s parliament yesterday approved legislation to create a permanent euro zone bailout fund and ratify the European fiscal pact on improving integration of Eurozone budgets, according to a parliamentary official. The committee sets the stage for parliamentary approval to create the European Stability Mechanism and approve the fiscal pact in a vote by the full assembly Friday evening.

    Across several German states annual consumer price inflation in June fell further below the 2% threshold, the European Central Bank’s definition of price stability, giving the central bank even more room to cut interest rates next week.

    German Chancellor Angela Merkel closed the door to joint euro-area bonds as a means of lowering Spain’s borrowing costs, saying they are the “wrong way” to achieve the greater European integration needed to stem the debt crisis.
    US home sales rose to 5.9% in May reaching the highest level of the year so far, showing positive signs the US housing market is recovering.

    US Manufacturers orders for durable goods grew by 1.1% in May. Manufacturing has played a key role in the economic recovery, including being a significant source of new jobs. However, job creation in the sector has slowed along with the broader economy in recent months.

    The euro approached the lowest level against the dollar in more than 2 weeks ahead of the EU summit falling from 1.2508 before testing the resistance level of 1.2442. The key levels to watch are 1.2585 and 1.2440 respectively with a close above 1.2585 opening the door to a corrective upside of 1.28-1.30.

    France is considering a tax on oil companies and gas distributors as it looks for ways to meet budget deficit targets, French government spokeswoman Najat Vallaud-Belkacem said yesterday. France needs to raise around 10 billion euros to meet its deficit target this year. The government has said most of that amount will come from tax hikes.

    The yen has climbed 9.5% in the past three months, the biggest gainer among the 10 most traded currencies. The dollar was the second-best performer with a 4.2% advance, while the euro lost 3%, the biggest drop.

    The Canadian dollar dropped against most of its major counterparts on speculation dimming prospects for global growth will prevent the Bank of Canada from raising interest rates.

    Reflections in History, by Decoratif Design

    150 150 Daniel Fountain

    I’m standing outside the WW2 War Memorial at Englefield Green, Surrey, reflecting on the incredible sacrifice that the men and women of the RAF gave in the cause of freedom and justice. How can anyone – or anything – convey the suffering and pain endured by these brave people? It’s hard enough to comment as a human… but as a mirror, I don’t even have the power of words at my disposal.What I do have, however, is the ability to reflect

    It may surprise you to learn that mirrors like me can enhance emotional environments and increase people’s awareness and understanding.

    Let me explain. Emotions are felt and seen; but rarely by the same person at the same time. You can feel happy, sad or confused, but you don’t often watch yourself feeling those things.

    Likewise, we often see people in the grips of an emotion – but we rarely feel the same way.

    Bring a mirror into the equation, however, and the dynamics change completely. Watching oneself experiencing an emotion is extremely powerful. If you’ve ever caught a glimpse of yourself laughing, crying or shouting, you’ll know exactly what I mean. There can be no doubt that the feeling is exaggerated when it’s witnessed by you, the protagonist.

    But back to Englefield Green. The Second World War saw half a million British deaths, and nearly 400,000 casualties. And that’s just the people serving in the Armed Forces. British Civilian deaths totalled nearly 70,000. It’s shocking, bewildering, powerful and tragic: emotions that register differently for each and every person.

    As a nation, our pride and resilience simply can’t be challenged. Now that’s something worth reflecting on.

    This bespoke design has been created by Decoratif Design for a free consultation contact Steve Driver at

    st***@de*************.uk











    The Perfect Pattern for a Picnic

    150 150 Daniel Fountain

    Available from Volga Linen, Check linen or oilcloth is ideal for creating that summer cottage effect for your b&b or guest house.Available by the metre in a choice of four colours.

    For other products in 2012 catalogue, click here.

    PLEASE CONTACT US:
    0844 4991608
    London Shop:
    17 Langton Street, SW10 0JL
    Tel: 0207 3525616

    Middle Eastern Promise – Chelsom announces Dubai base

    150 150 Daniel Fountain

    Chelsom is delighted to announce that Vanessa Soley-Peters, who is based permanently in Dubai, will now be the company’s main point of contact for the Middle East. After 15 years working for Chelsom in London liaising with many of the top UK and overseas designers on major hotel and leisure projects, Vanessa is looking forward to the challenge of helping to develop the Middle Eastern marketplace.Said Managing Director Robert Chelsom, “We were thrilled when Vanessa accepted the new position of Middle East consultant. She is extremely knowledgeable about the worldwide contract furnishings industry, and I am sure she will be very successful in this role. She has a wealth of design experience in terms of the product itself and the schemes for which we are specified.

    “We have already had feedback from clients who are delighted to have a Chelsom representative on the ground in the region attending site meetings and dealing with project matters immediately.”

    To contact Vanessa, or for further information on Chelsom in the Middle East please email

    ua*@ch*****.uk











    Miniview: Tune Hotels opens its third London Hotel

    150 150 Daniel Fountain

    Reading the runes on the hotel market at the moment is a little difficult. Premier Inns are opening a major unit on Leicester Square and continue to grow, with openings abroad now increasing. Accor are refocusing their Ibis/Etap brands with relaunches of new identities. Travelodge continues to open new properties despite its embarrassing financial problems, and Tune Hotels continue their ambitious growth strategy under CEO Mark Lankester.The growth of the budget hotel has been a marked phenomena of the last ten years. Initially Travelodge , an idea birthed by Rocco Forte, was a logical extension of the Little Chef brand and mirrored the success in France of Campanile. These brands offered a full meal service but increasingly these units now operate without food as an element of their offering, a practise that is creeping up the 3 and 4 star chains. Premier Inn still either builds around a food operation or adds food and a bar as in their new conversion of an office block in Croydon. The competitive pressure comes in different places – B&B’s often find their rates are not competitive with the advance rates offered by Premier or Travelodge, whilst many four stars look at the room quality and wonder how they can justify their higher prices.

    Tune enters this market with a room rate and operating philosophy that challenges the current practices further, and these were detailed in our Miniview of their property in Westminster, whence comes the GM of their latest property to open, the Tune Paddington. With a room rate (note a room rate, not per person) of normally £35, elevated during the Olympics to the giddy heights of £99 Tunes soon to be four hotels in London will be very competitive. Locations are good, by mainline railway stations – Westminster is just behind Waterloo, Liverpool Street with its garden, the latest here Paddington a 5 minute walk from the mainline to Heathrow and points West, and soon to be added Kings Cross where the Tune Hotel opens on 9th July.

    IFX Market Report for 27/06/2012

    150 150 Daniel Fountain

    UK

    Public Sector Net Borrowing figures released yesterday showed UK public finances increased from -£19.93bn in April to £15.48 bn in May. These figures are looking less healthier than a year ago, rising from £12.326 bn in May 2011.GBPEUR started the day at the low of 1.2469 but quickly moved above the psychological level managing to hit a high of 1.2523 in late afternoon trading.

    GBPUSD also started positively at 1.5610 before moving to 1.5641 on the back of Treasury select committee quotes being released.

    In evidence to the Treasury Select Committee, Bank of England Governor Mervin King said the impact of any interest rate cut would be marginal compared to the amount of QE the MPC can do and the committee could expand QE without any immediate limit or constraint. King also said the MPC had nothing in principle against a cut in interest rates but was not persuaded on the case for it now.

    GBPAUD traded range bound for the day starting at 1.5531 before hitting a high of 1.5569 and closing at 1.5538.
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    WORLDWIDE

    EURUSD opened at 1.2517 and lost value throughout the day, falling below the psychological barrier of 1.25, hitting a two week low of 1.2440.

    The Spanish two-year note yield added 37 basis points to 5.22% as the cost of insuring the nation’s government debt rose for a second day, Spain sold 3.08 billion euros ($3.85 billion) of bills, with the three-month note yielding 2.362%, compared with 0.846% at the previous auction.

    CB Consumer Confidence in the US continued to drop for the 3rd month, coming out worse than forecast at 62.0 against Forecasts of 63.8
    Spain’s banking sector came under further pressure after ratings agency Moody’s downgraded the debt of 28 Spanish lenders on the same day Madrid formally asked for aid for its financial sector. Moody’s said the action followed the weakening of the Spanish government’s own creditworthiness, in relation to its downgrade of government bonds to Baa3 from A3 on the 13th June.

    Spanish Economy Minister, Luis de Guindos has said that negotiating terms for a European financial package to recapitalise its banks was a very complex process and would take time, playing down hopes of a quick rescue for the country’s ailing lenders.

    European authorities have unveiled their vision for the future which includes the creation of a European treasury which would have powers over national budget. German Finance Minister Wolfgang Schaeuble also called for there to be a European finance minister, with the power to veto national budgets as well as an elected president of Europe.

    The Greeks have named Yannis Stournaras as their new finance minister after Vassilios Rapanos resigned on Monday citing poor health.

    Japanese Prime Minister Yoshihiko Noda’s took a big step towards winning a sales tax increase aimed at reining in the nation’s public debt yesterday approving legislation to double the 5% levy by October 2015, 57 lawmakers in the ruling Democratic Party of Japan voted against it which may endanger the party’s majority in the 480 seat chamber.

    Hotel Indigo Opens in Six Countries in First Six Months of 2012

    150 150 Daniel Fountain

    Hotel Indigo will open nine hotels in six different countries around the globe within the first six months of 2012.Seven Hotel Indigo properties have already opened in four countries so far in 2012 including the United States, Scotland, China and our first two hotels in Continental Europe in Germany. Guests can now explore the neighbourhoods surrounding the new Hotel Indigo Berlin Hardenbergstrasse, Hotel Indigo Berlin Alexanderplatz, Hotel Indigo Edinburgh, Hotel Indigo San Diego Del Mar, Hotel Indigo Santa Barbara, Hotel Indigo Waco Baylor, and Hotel Indigo Xiamen Harbour.

    In June, two more countries will have Hotel Indigo openings with Hotel Indigo Newcastle in England and our first property in Mexico, Hotel Indigo Veracruz Boca Del Rio. The opening of these hotels in six countries in the first six months of 2012 marks a major growth milestone for the boutique brand. Additionally, in March the brand celebrated the opening of three hotels in three continents – United States, Scotland and China – in the span of just one week.

    “Our geographic diversity is truly a testimony to the fact that customers around the world, from China to Scotland to Germany, value the experience at Hotel Indigo,” said Janis Cannon, Vice President, Global Brand Management, Hotel Indigo. “Now in major cities around the world – with more on the horizon – we have a strong pipeline of more than 60 hotels, which we expect to open in the next few years.”

    In the first quarter of this year, the brand also announced a deal to open the first Hotel Indigo in the Middle East in Riyadh, Saudi Arabia, as well as signing two hotels in Philadelphia and Wilmington in the United States.

    With 44 hotels open and 53 in the development pipeline, Hotel Indigo will continue its path of global expansion with plans to open hotels in major capital cities in the United States in Atlanta and New York City, Europe in London, York (England), St. Petersburg (Russia), Madrid (Spain), Hamburg (Germany), and Greater China in Tianjin and Hong Kong.

    Baulmann Leuchten at the Hilton Copenhagen Airport

    150 150 Daniel Fountain

    Winner of the ‘Best Business Hotel in Denmark 2011’ award by Business Destinations for the third consecutive year, the Hilton Copenhagen Airport hotel is ideally located next to Copenhagen Airport, just a two-minute walk from Terminal 3 arrival hall via a covered walkway. This modern Copenhagen hotel, renowned for impeccable service and recently awarded the Green Key Certificate for Environmental Awareness, is only 12 minutes from the city center by train and Metro services. It’s the perfect base to visit local attractions like Tivoli Gardens, Nyhavn and the Little Mermaid statue. In cooperation with Jönsson DesignLab from Copenhagen and Bevis Design Associations from London, Baulmann Leuchten developed and supplied the luminaires for the recently carried out renovation of the guestrooms and bathrooms.

    All pictures are copyright by Hilton Copenhagen Airport and the photographer Kira Ursem.

    Seating fit for the whole family at “The Rodeo Corral Café”, Sundown Adventure land Theme Park

    150 150 Daniel Fountain

    Staff and customers are delighted with the transformation of the newly refurbished café at Sundown Adventure Land, a theme park especially designed for under 10 year olds and an enchanting and exciting theme park for all the family.The Rodeo Corral Café was recently refurbished with the purpose to enable families to easily sit together on the lovely new booth style seating. The easy maintenance seating from the Briarwood2 collection from Wright’s Fine Furniture Ltd (a company based in Shropshire specialising in booth seating). The benches have easy to clean, beech laminate seats and solid Beechwood frames. Table tops and condiment units were manufacture to the same high standards, meant to withstand years of vigorous treatment from the happy youngsters.

    Contact:

    sa********@wr******************.com












    Tel: 01743 821800
    www.wrightsfinefurniture.com

    IFX Market Report for 26/06/2012

    150 150 Daniel Fountain

    UK

    Sterling rose 0.4% to 1.2468, a near two-week high against the euro on Monday, as investors expected the ECB would have to ease policy if leaders failed to make significant progress in tackling the euro debt crisis at a summit this week.General sterling gains were limited as speculation that the BoE will vote to expand the £325bn pound asset purchase programme to boost growth at their July meeting has gathered pace after dovish minutes were published last week from the policy meeting held earlier in the month.

    Against the US dollar, sterling fell from around 1.5590 to 1.5538 as a solution to the Eurozone crisis looks bleak and speculation of further QE weigh on sterling causing investors to opt for the safe haven currencies.

    The UK and Eurozone saw a generally quiet day for data release and volatility was not as high as of recent.

    GBPEUR remains around 1.2470 this morning, firm support and resistance levels are in place at 1.2270 and 1.2578 on the upside. Trading is expected to stay within these levels unless significant external influences have a part to play.
    ________________________________________

    WORLDWIDE

    Peripheral Eurozone bond yields are at elevated levels, piling pressure on the ECB to intervene and bring down borrowing costs. European leaders will meet later this week, after the leaders of Germany, France, Italy and Spain agreed on a €130bn package to revive growth.

    The euro weakened around 0.55% against the dollar, falling from 1.2543 below the psychological barrier of 1.25, and settling around 1.2480. This came before Italy and Spain sell debt later today amid concern Europe’s fiscal crisis is infecting bigger economies, and as billionaire investor George Soros said the euro may dissolve if European Union leaders fail to tame the financial turmoil at a June 28-29 summit.

    Support for the euro was seen near the June 12 low around $1.2441 and strategists said a break below that level would open the door to a test of the June 1 two-year low of $1.2288.

    Greece may have to wait at least another five years before it can sell bonds to investors, according to financial institutions that trade debt with European governments. A new administration in Athens and signs that European Union leaders are willing to loosen Greek austerity measures failed to convince primary dealers that the country will be able to return to the market before its second bailout ends in the next three years.

    US government debt has gained 2.9% since March, while corporate bonds returned 1.9%, mortgages rose 1% municipal bonds increased 1.8%, according to Bank of America Merrill Lynch index data. The returns show that even after the Fed kept the economy growing for 11-straight quarters by buying $2.3trillion of assets and continuing to swap $667bn of short-term debt into longer-term securities through their Operation Twist program, bond investors expect the economy will remain sluggish.

    US New Home Sales for may saw a rise from 0.343m in April, to 0.369m. This was also above the consensus figure 0.346m, but did little to the market.

    Canada’s dollar dropped versus its US counterpart on concern European Union leaders meeting this week won’t succeed in staunching the region’s debt crisis, dimming the outlook for country’s that export commodities.

    German Consumer Confidence figures released this morning showed a slight pick-up in confidence, rising to 5.8 in June from 5.7 last month and beating expectations of 5.6.

    News just released this morning shows that ratings agency Moody’s have been on the warpath again and have slashed the ratings of 28 Spanish banks.

    IHG Hotels Open the Doors to London 2012

    150 150 Daniel Fountain

    Holiday Inn and Staybridge Suites open at Stratford City

    InterContinental Hotels Group (IHG) has announced the opening of two new generation properties, Holiday Inn London Stratford City and Staybridge Suites London Stratford City, at the heart of Europe’s largest shopping centre, Westfield Stratford City.The two hotels are owned by a Joint Venture between Cycas Hotel Partners and Patron Capital. The hotels are operated by Cycas Hospitality under a franchise agreement with IHG. Located in a single building in Chestnut Plaza next to the London 2012 Olympic Park, the hotels benefit from excellent transport links nearby including Stratford International Rail Station, Underground and DLR.

    Visitors will be able to experience the area that will play host to the London 2012 Olympic and Paralympic Games from both hotels, which are ideally situated for business or leisure guests. Direct access to the Westfield Shopping Centre and fast Tube and DLR links to central London and Canary Wharf will ensure guests are within easy reach of the many attractions of the West End, The City, palaces and museums.

    Holiday Inn
    Holiday Inn is the official hotel provider to the London 2012 Olympic and Paralympic Games and the new 188 room hotel at the heart of the Olympic Park at Stratford City will help the partnership live on beyond the Games. Guests at Holiday Inn London Stratford City can enjoy a meal or cocktail in the hotel’s ‘Twenty Twelve’ restaurant and ‘The Stadium’ lounge bar, and the outside terrace offers panoramic views over the Olympic Park. There are also seven state-of-the-art conference rooms which can accommodate up to 100 people, as well as a fully equipped gym and business centre.

    Staybridge Suites
    The 162 room Staybridge Suites London Stratford City is an extended stay hotel for business travellers looking for a ‘home from home’, whilst being well located for easy access to the City, Excel and Canary Wharf. The hotel offers spacious apartment-style living with modern amenities and hotel services to create a welcoming environment for guests who need to stay in the area for weeks or even months at a time. Guests are typically on a temporary assignment, relocating to the area, or on an extended training program.

    Each suite comes with a fully equipped kitchen and public spaces include a living room with an open fire, an outdoor terrace with barbecue, exercise room, laundry room and a 24 hour shop. Each day guests are offered a complimentary breakfast, and 3 nights per week a ‘Social’ where free beer wine and soft drinks are available for guests to enjoy.

    exterior-interior supplies Viccarbe brand in UK

    150 150 Daniel Fountain

    exterior-interior supply outstanding contemporary furniture for exterior and interior spaces and in keeping with their eye for great design, they are pleased to represent the Spanish brand, Viccarbe.Viccarbe manufactures contemporary furniture developed by the most prestigious international designers. Their collection is refined; distinguished by great simplicity, innovated elegance and global brand awareness. They are present in more than 60 countries and they manufacture in Europe under the environmental certification ISO 14001.

    For more information on any of the ranges from Viccarbe, please contact exterior-interior on +44 (0) 20 87 86 93 93 or visit their page in the Directory.

    IFX Market Report for 25/06/2012

    150 150 Daniel Fountain

    UK

    The markets apparently ignored the credit downgrade of major UK banks by Moody’s on Friday triggering industry discussions over the true value of such ratings.During Friday’s session GBPEUR stayed above 1.24 for the most of the day, reaching a high of 1.2461 in early trading falling sharply in the afternoon to a low of 1.2398. Sterling has recovered around half a cent over the weekend to open today around 1.2450. Technically, analysts are looking for a close above 1.2468 for signs of a significant recovery for sterling.

    GBPUSD hit a one week low of 1.5556 from a high of 1.5634. After a short rally to a high of 1.5596, cable has settled back to the same level as it closed the European markets on Friday, 1.5562.

    Bank of England MPC member David Miles said late Sunday that at least another £50bn of QE is needed in order to kick-start an economic recovery.

    David Cameron is due to speak today on reforms to the current benefit system in an attempt to aid getting the younger generation back to work.
    ________________________________________

    WORLDWIDE

    During Friday’s European session, EURUSD stayed stable around the 1.2550 level, until US markets opened and the pair then posted a high of 1.2583 which was quickly corrected. The weekend saw a continued rally downward and we have opened markets this morning just under 1.25, with support at 1.2519 and 1.2490 already broken we could see support around 1.2453 tested now.
    Speaking on operation Twist, Fed Reserve Bank of Richmond President Jeffrey Lacker warned on Friday that fresh support from the Fed won’t significantly boost the economy without creating the risk of higher inflation.

    Also on Friday, Canada saw disappointing data releases with all CPI readings recording a fall, the worst being the YoY figure for May which came in at 1.2% against the previous 2.0% and the anticipated 1.5%.

    Germany had similarly negative results for their IFO readings on business environment with only the current assessment for June showing improvement. An IFO economist also described an expectation the German economy will soon take a hit from the Eurozone debt crisis.

    The big event of the session was the ECOFIN meeting where the German, French, Italian and Spanish leaders agreed on a €130bn package to revive economic growth in the Eurozone. At the same meeting, finance ministers killed off the idea of an EU financial transaction tax but left open the possibility that a smaller group of countries could forge ahead with it.

    An audit released on Thursday found Spanish banks would need up to €62bn in extra capital to weather adverse circumstances, but an application has not yet been submitted.Spain is braced for a downgrade from ratings firm DBRS by the end of August, which is expected to add stress to the country and its banks. DBRS is the only one of four rating agencies the ECB uses to judge collateral quality that still has Spain in A-rated territory.

    Currencies from Brazil, Russia and India will probably decline at least 15% by year-end, said Stephen Jen, the former head of global currency research at Morgan Stanley.

    India plans to unveil measures today to support the rupee as its slump to a record low against the dollar threatens to intensify price pressures and boost the cost to companies of repaying foreign debt. The rupee strengthened across the board, GBPINR fell from 89.031 to 87.91 after the news.

    Architects wake up to appeal of Newcastle’s reinvented railway hotel

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    Sleeperz Hotel Newcastle, a reinvention of a classic railway hotel in Newcastle city centre, has been shortlisted for a prestigious award by the Royal Institute of British Architects.

    Sleeperz Newcastle – the 98-bedroom premium budget hotel near Newcastle Central Station – has caught the attention of judges at RIBA, whose awards honour buildings that achieve the highest architectural standards and make a substantial contribution to the local environment.The sleek glass fronted hotel opened on Newcastle’s Westgate Road in January on the site of a derelict former Parcel Works close to Central Station.

    Sleeperz Hotels, a fast growing innovative UK budget hotel operator, specialises in building stylish design-led hotels on unusually shaped land in city-centres near mainline railway stations.

    It opened its first hotel in Cardiff in 2008 and has plans to open new hotels in Birmingham, London and Manchester by 2015.

    David Myers, chief executive of Sleeperz Hotels, said: “We are passionate about creating hotels that are beautiful landmark buildings located in Britain’s leading city centres. To be shortlisted for this prestigious architectural award less than six months since opening our Newcastle hotel is proof that we are achieving our goals.”

    The property has been nominated in the RIBA Hadrian Awards, the regional awards for the North East, from which the winners are put forward for the national RIBA Awards. The winners of those awards are considered for the RIBA Stirling Prize.

    The hotel will find out whether it has won the award at the RIBA Hadrian Awards ceremony in Leeds later this month.

    “Our Newcastle hotel is a welcome addition to the capital of the North East region. The building is sleek, modern and stylish and blends naturally into a city scape boasting iconic buildings and landmarks including Newcastle Castle Keep, St James’ Park football ground, the Tyne Bridge and the Georgian architecture on Grey Street,” said Mr.Myers.

    It is not the first time that Sleeperz approach to building hotels has caught the attention of RIBA. In 2010, its landmark Cardiff hotel won the RIBA Wales Award.

    Martin Knight, chair of the RIBA Awards judges 2010, said: “The whole Sleeperz operational model is an innovation and the resulting construction cost per room suggests many more sites could be made to work with this sort of thinking and with clever design tailored to small sites.

    This is not back-to-basics architecture but possibly a reinvention of the city-centre hotel model for a money-conscious world.”

    Both the Cardiff and Newcastle properties are designed by award-winning architects Clash Associates, who have succeeded in making the hotels into modern, highly-visible and instantly recognisable buildings.

    Hilton Worldwide on Track to Open New Hilton Lima Miraflores by Year End

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    Hilton Worldwide has announced that it has signed a management agreement with J.G.J. Proyectistas S.A.C. for the 207-room new-build Hilton Lima Miraflores. The project, originally planned as a franchise agreement and now to be managed by Hilton Worldwide, is on track to debut by the end of 2012 as the company’s first managed property in Peru and the brand’s first Hilton Hotels & Resorts hotel in the country. The full-service Hilton Lima Miraflores is expected to bring 170 employment opportunities to the city’s residents and support the demand for upscale accommodation in the flourishing destination. Currently under construction, Hilton Lima Miraflores is located 13 miles from the international airport in an upscale area of Lima known for its shopping areas, gardens, flower-filled parks, beaches and fine dining. The hotel, which forms part of the Miracorp Complex, is also near a thriving culinary scene making it ideal for both business and leisure travellers.

    Featuring 207 rooms, including 45 executive rooms, nine suites and a presidential suite, Hilton Lima Miraflores will reflect a sophisticated, modern Peruvian aesthetic. All guest rooms will feature the Hilton Serenity Collection™ of amenities, while guests staying in an executive room or suite will enjoy the added benefit of the hotel’s concierge service and executive lounge, offering light snacks and beverages throughout the day.

    The hotel will provide a great base for events and business travellers, with nine meeting rooms, a business centre and a grand ballroom that will accommodate 350 people. Guests will also enjoy a full service restaurant, serving breakfast, lunch and dinner, lobby bar, and a sky terrace with a heated outdoor swimming pool, spa and fitness centre by Precor®.

    W Hotels Worldwide Reinvents More Than Ten Iconic Properties across North America

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    W Hotels Worldwide has recently announced plans to reinvigorate more than 10 of its hotel properties across North America within the next 18 months. The renovations, which vary by hotel, are slated to include cutting-edge updates to public spaces, new signature bar and restaurant concepts, and stylish revamps to guestrooms, enhancing the W portfolio overall for both its jet set travellers and locals alike. The ambitious renovation schedule is focused on many of the W brand’s early hotels in key markets such as New York City, Seattle, Chicago, New Orleans, and Los Angeles, among others.Charged with further connecting hotel design to local contextual insights, W Hotels has engaged some of the industry’s brightest rising visionaries to collaborate with the W brand’s award-winning design team to transform various spaces within each of the hotels. In particular, many of the renovations focus on the Living Room (W’s take on the traditional hotel lobby), which is a key element to the W experience, offering a place for guests to mix and mingle over cocktails and pulsating music. Upgrades to these public areas, as well as the debut of new bar and restaurant concepts, allow for W to enhance the overall guest experience while also drawing in locals.

    Starwood and its ownership groups, including Host Hotels & Resorts, Rockpoint Group and Estein & Associates USA, have committed more than $100 million to the renovations, which include the following W Hotels:

    W New York – Union Square – Downtown meets uptown in the sharp new design aesthetic created by d-ash and Wilson Associates for W Union Square, which just underwent a renovation of all 270 guestrooms and corridors. Olives, the hotel’s popular Todd English restaurant, as well as its famed nightlife venue, Lilium (formerly Underbar), have also been revamped. The hotel’s Living Room is set to be updated by Krause + Sawyer early next year.

    W Seattle – Inspired by the feeling of a wharf, intermixed with a central “point of impact” that radiates outward, W Seattle recently unveiled a completely redesigned Living Room and bar area. Designed by Skylab Architecture, the hotel has also debuted the W brand’s signature restaurant concept, Trace, which focuses on conscious cuisine. The hotel has engaged Therese Virserius Design to renovate all of its meeting rooms later this year.

    W San Francisco – Earlier this year, the hotel unveiled an expanded Living Room and destination bar as well as the launch of Trace. Designed by noted San Francisco-based Stanley Saitowitz/Natoma Architects Inc., the new design drew inspiration from the fog and city grid of San Francisco.

    W New York – The W brand’s flagship property, W New York, opened in 1998 and has remained a hub of New York culture and nightlife ever since. The property’s state-of-the-art meeting rooms and Great Room received a facelift by d-ash earlier this year. These updates are to be followed by the unveiling of a Krause + Sawyer-designed Living Room bar in 2013.

    W Chicago – Lakeshore – Envisioned by Josh Held Design, the renovations are a nod to the ingenuity of Chicago and the tension between city and nature. Each of the 520 guestrooms will be renovated and characterized by faceted patterns, a bridge of light and energetic colors. The hotel’s public spaces, including the Living Room, Wave restaurant, Whiskey Sky (rooftop bar), the Welcome Desk and the hotel’s prime meeting space, Altitude (with 360 degree views of the city), will also be transformed to recall the strength, invention and industrialism of Chicago, for a final reveal in 2013.

    W New Orleans – French Quarter – The award-winning, intimate hotel is currently undergoing complete renovations of all guestrooms by nemaworkshop, who incorporated both jazz and tarot motifs in the design. Renovations on the first floor were revealed this past month, with the project due to be complete by mid-Summer. Led by Ti Martin of the Commander’s Palace Family of Restaurants, SoBou, the hotel’s new destination restaurant, will present an artful cocktail program paired with a next generation Creole dining experience.

    W San Diego – W San Diego has re-energized its Rooftop Bar with a bright, bold bonfire theme – including a playful sculpture of stacked beach chairs – as envisioned by Mr. Important Design of Oakland, California. Inspiration ignites in the newly imagined Living Room where vibrant colors collide and heat up the lounge atmosphere. In addition, the hotel’s meeting rooms have been expanded and renovated as the hotel debuts its new restaurant, kelvin – which features touches of Latin soul – this month.

    W Los Angeles – Westwood – This beloved celebrity hideaway, featuring all suite rooms, has also engaged Mr. Important Design to expand and re-define its Living Room, bar and public spaces. The renovations will result in a more cohesive union of the Living Room and bar, engaging secret spaces, additional high-tech meeting room options, and a dramatic entrance moment with a signature chandelier inspired by city of LA. The hotel’s signature restaurant and popular Backyard will also be reimagined in 2013.

    W Dallas – With the design narrative of “Big/Bold,” Mars Culture is redesigning the guestrooms with traditional Texas accents that marry the juxtaposition of masculine and the belle. Accents include lasso sculptures, rhinestone hardware, armadillo skin embellishments, and more.

    W New York – Times Square – W Times Square gives guests and locals a place to experience the electric energy of Times Square from a voyeuristic, tucked away space. The WOW and EWOW suites (W’s take on the Presidential Suite), perched high above it all, will each undergo full-scale renovations.

    W Montreal – Later this year, the hotel will begin renovating all of its guest rooms with a colourful new palette that also pays tribute to the historical architecture of Montreal.

    SOURCE: Starwood Hotels & Resorts Worldwide, Inc.

    AYANA Residences Reunites Hotel Designers to Create Unparalleled Residential Luxury In Bali

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    They are some of the biggest names in high-end hospitality design, and now WATG Architects, St Legere Design International and P49 Deesign have been brought together to work once again with one of Bali’s most prestigious properties, this time to create the island’s first integrated residential community.The three design firms were brought together to design AYANA Residences, a 6.5 hectare secure gated community comprising 115 units, located on the largest ocean-front land bank remaining in South Bali. All three firms have been separately involved over the past 16 years in the design of the adjacent AYANA Resort and Spa. Their commission for AYANA Residences was to maintain the same standard of quality, warmth and Balinese philosophy as the resort design, but to adapt this to a modern residential estate that reflects the lifestyle, sanctuary and harmony of a second home.

    The architecture is modern Balinese, relaxed yet lasting, and maximizes the cliff-top location. “It’s not ostentatious, it’s not overdesign,” said Bill Reed, Vice-President of WATG which designed the original resort in 1995. “It allows the owner to live their own lifestyle, personalize their spaces to make this their home away from home. AYANA Residences really embodies the lifestyle and spirit of Bali and creates an opportunity for buyers to live here or come on regular vacations and take advantage of all the amenities in the entire property. WATG is proud to be associated with it; we think it’s going to be a huge success.”

    Landscape designer Dennis Selinger, Principal of St Legere, said the Residences are unique in Bali for the sense of space and balance. “It’s a real blessing to work with this developer as it’s focused on quality and there are a lot of spaces devoted to the landscape which is unusual in many developments,” said Mr Selinger. “AYANA Resort has been an award-winning project, best in Asia, best spa in Asia, it’s truly a unique property, and what we wanted to do for the Residences is take the same philosophy, that same sense of space, so you’re not in a typical cramped development. There is a sense of luxury that’s unparalleled in the Asian market.”

    Mr Selinger said the Balinese philosophy of Tri Hita Kirana – embodying the balance of God, Nature and Man – is a very strong influence, from the indoor-outdoor living to the material selection with rich textures, bright colors, distinctively-shaped trees, large stones integrated with the buildings, and unique details. The botanical gardens include bamboo plantation to collect rainwater for irrigation – supplementing a Reverse Osmosis recycling system – and fruit and vegetable gardens.

    Carl Almeida of P49 Deesign, which designed the much lauded Cliff Villas at AYANA Resort in 2005, said his experience working with this developer has given him a strong understanding of what Residences’ investors aspire to and want in their holiday home. “We feel the AYANA Residences is something that will lead the market over here and represents a true reflection of AYANA Resort as well,” said Mr Almeida.

    “We didn’t want to do a purely Balinese design, but what we have done is added some key yet subtle details that reference Balinese culture to give a sense of place. It’s contemporary but it’s not just the minimalist approach to design, we really believe in warmth and feeling at home. The materials include marble for luxury, a lot of texture, amazing wallpapers and fabrics focusing on warmth. The bathrooms are based on amazing scale and symmetry.”

    He said the materials used in the interiors – which are available at additional cost for Residences buyers, who are also free to design their unit in their own style – are based on a progression of spaces to create an entry-vastu (the ancient Hindu design philosophy similar to feng shui). “You enter and focus on something such as an artwork or great painting and then you enter the next space and it’s never a full reveal at one time, it’s really a series of spaces that are laid out from one space to the next and before you know it you have got a series of experiences,” said Mr Almeida. “We wanted to create a sense of wow, we wanted to create warmth, we wanted to really create the sense of luxury.”

    Courtyard By Marriott Opens First Hotel In Saudi Arabia

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    Courtyard by Marriott opened its first hotel in Riyadh, Saudi Arabia on June 10, 2012. The 286-room Courtyard Riyadh Diplomatic Quarter is strategically located in the heart of Riyadh’s Diplomatic Quarter at the Al-Hada District and will provide a new level of functionality and comfort to the Kingdom.“We are delighted to see the Courtyard brand continuously expand in the Middle East and Africa Region” says Janis Milham, vice president and global brand manager for Courtyard by Marriott. “Courtyard Riyadh Diplomatic Quarter will be our fourth hotel in the region and will bring an unparalleled level of flexibility and service to business travellers in the Kingdom of Saudi Arabia. Ours guests want more control and options during their stay and consciously choose amenities that create a healthy balance between work and relaxation.”

    All 286 guest rooms will offer a smart and intuitive design, featuring ample work space, multiple outlets for easy plug in capabilities and high-speed internet, ideal for business travellers to stay connected. The amenities include LCD flat screens and deluxe bedding that are ideal for unwinding after a long day.

    The Business Center, located at the Lobby Level, provides all “away from the office” needs to stay productive while on the road including faxing, photocopying, binding, laminations, print-outs, stationery and internet service.

    To wind down, guests can enjoy snacks and drinks throughout the day in a casual environment at the Galaxy Restaurant. The temperature controlled indoor swimming pool, Jacuzzi and 24-hour accessible fitness centre, fully equipped with modern cardio and strength equipment, are ideal to help guests refresh and re-energize.

    Experience events at the Courtyard Riyadh Diplomatic Quarter with customized menu options and state-to-the-art equipped meeting rooms that are ideal for social gatherings and business meetings alike. The hotel features two boardrooms and four meeting rooms with over 700 square meters of flexible meeting space for any occasion.

    Rezidor announces the Park Inn by Radisson Glasgow City Centre

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    The Rezidor Hotel Group announces the Park Inn by Radisson Glasgow City Centre. The property featuring 91 rooms is scheduled to open in Q1 2013. It is Rezidor’s 31st Park Inn by Radisson in the United Kingdom, bringing the group’s total portfolio in the country to 5,400 rooms in operation and under development. “The United Kingdom is a key development region for our young and dynamic mid-market brand Park Inn by Radisson. We aim to grow the brand in the core market London, and in further primary locations such as Glasgow”, said Kurt Ritter, President & CEO of Rezidor. Glasgow is a one of the most important markets in the UK. Regarded as the industrial and commercial capital of Scotland, Glasgow benefits from a diverse economic base and is one of Europe’s largest financial centers. Glasgow is also the second most popular tourism destination in Scotland after Edinburgh.

    The new Park Inn by Radisson Glasgow City Centre will rise from a converted office building, hosting 91 rooms with an all-day dining restaurant, lounge and bar, gym and 200m2 of meeting facilities with a conference room and four meeting rooms. Having a prime location in central Glasgow on West George Street, the hotel will be close to the two railway stations and the centre of business activities. The development work has been made possible by the introduction of private equity finance, raised by Harcourt Capital LLP, and benefits from the statutory reliefs available to disused buildings in certain areas under the Business Premises Renovation Allowance scheme (BPRA).

    Lano enters the Big Brother house

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    Three striking colours of Zen carpet from Lano Flooring Solutions now adorn the 2012 Big Brother House, providing sumptuous underfoot comfort for this year’s excited housemates.Sourced through carpet supplier We Sell Carpets of Borehamwood, 209m2 of Zen in an array of stunning blue shades grace the floor of the living areas of this year’s colourful house. Two tones of cornflower blue and a richer turquoise colour from the standard stock collection provide a vibrant lift and create a warm atmosphere.

    Suitable for high-impact areas, Zen is the ideal choice for the busy Big Brother house. A tufted 1/10” Saxony cut pile crafted from the finest Invista polyamide 6.6, Zen has a pile weight of 1000g/m2 and offers supreme softness combined with impressive resilient qualities. With the durability to withstand heavy footfall, Zen offers long-lasting performance and is easy to maintain – ideal for those messy housemates.

    “It is very exciting that Zen is being used in the UK’s Big Brother house this year,” enthuses Anja Temmerman, Marketing Manager, Lano Carpets. “Zen is a fantastic choice as it offers superior levels of durability, and the combination of blue tones looks truly stunning both on-screen and in reality. The use of Lano Carpets here really cements our status as an incredibly popular choice for important contracts, and we believe this is because we consistently deliver great results for all of our clients.”

    Zen is available in four-metre width and is officially classed as suitable for heavy commercial use.

    For further information on all Lano carpet ranges, freephone 00800 5266 5266, or visit www.lano.com

    Accor strengthens its commitment to future and existing employees

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    Accor announced yesterday a new people development strategy, strengthening its commitment to providing a true learning and development support to its future and existing employees across its network of 185 hotels in the UK. “Now more than ever, finding and developing talent is vital to achieving our ambitious growth strategy. This is why we are making this significant investment,” said Thomas Dubaere, Managing Director, Accor UK and Ireland. “Hospitality is a very promising career path. Indeed the vast majority of our senior managers started as trainees at one of our hotels.”

    In that view, Accor is making four key announcements in the UK:
    – Académie Accor unveils today its new campus in London – a first-of-its-kind UK professional training centre offering exceptional teaching facilities to ensure staff development and career progression. With an average 40 M€ invested in learning and development, over 435,000 days of training provided per year, Académie Accor is taking training into new heights in 72 countries today through its network of campuses.

    – Accor announces a partnership with Babcock to further develop its successful apprenticeship scheme which has encompassed 250 people in the last eight years. This year, the Management Apprenticeship Programme will employ 100 young people (18-24 year olds) giving them on-the-job training and a national qualification: NVQ Level II or NVQ Level III which can be achieved over two years. The aim is to develop future managers required to support the ambitious growth of Accor hotels network in the UK.

    – Accor formalises its Student Placement Internships scheme that will offer 100 placements each year to students on UK hospitality courses with a view to recruiting high potential candidates following the completion of their studies. The paid placements run for twelve months in partnership with five UK universities**. Students will be trained in a number of operational skills within the hotels.

    – With the support of the Accor Foundation, Accor UK launches an ‘In to Work’ programme named “Hospitality Futures” with the charity Springboard. It will offer 25 young unemployed people aged 18-24 a starting job in the hospitality industry. Following a nine week initial course which includes five weeks of classroom training and on-the-job experience, Accor aims to find every participant a job.

    Philip Addison, Human Resources Director, Accor UK and Ireland: “Our new approach aims to discover and nurture potential talent from as wide a pool as possible – from teenagers struggling to find employment to graduates from the UK’s best hospitality courses. Our Management Apprenticeship Programme gives young people qualification and training. Hospitality Futures will help young people see their potential for a career in the industry, equip them with the skills to get started, and, most importantly, help to get them a job.”

    “These initiatives will be brought to life at Académie Accor, the Hospitality Learning Network,” added Philip Addison “The hospitality training centre in London opens today and will be essential to ensuring we guide and support our people to perform at their very best.”

    **Internships

    IFX Market Report for 22/06/2012

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    UK

    UK retail sales surprised expectations by posting a 1.4% increase against a forecast 1.1%; this is from the previous months posting of -2.4%. We saw GBPUSD fall to post a level of 1.5656 ahead of the release and similarly spike to 1.5712 after the release of the data. We also saw GBPEUR fall to 1.2375 to then rally to post a high of 1.2404 after the retail report.The CBI industrial trends survey, meanwhile, showed manufacturer’s output expectations improved, picking up to a balance of +7 in June from -3 in May. These hopes likely helped boost domestic industrial orders, which improved to a balance of -11 in June from May’s -17.

    Yesterday late trading saw a sell off across the board against the US dollar, Sterling fell to post a low of 1.5575 against the greenback, this was all fuelled by rumours in the market that Moody’s would be downgrading the UK and US banking system after the US close, of which Moody’s have downgraded 15 global banks.

    GBPUSD currently on a downward trend, now finds a level of support at 1.5564 and 1.5475 below that. The pair finds initial resistance at 1.5615, after that look for resistance at 1.5650 mark.

    GBPEUR has now broken into the 1.24’s posting a high of 1.2448 this morning, should 1.2468 be broken this opens the way for the psychological level of 1.25 as the next resistance. Looking on the downside immediate support comes in at 1.2406 and after that 1.2345.
    ________________________________________

    WORLDWIDE

    Fifteen of the world’s global banks have been downgraded by Moody’s adding further pressure to borrowing costs. Senior bank executives have bitterly argued. In the UK Barclays, Lloyds, HSBC and RBS have all been downgraded however still stay at investment grade.

    EURUSD posted a high of 1.2698 yesterday ahead of the US markets opening, however once the States were open and the rumours continued of a potential Moody’s downgrade we saw the currency pair fall steadily throughout the session to post a low of 1.2532.

    The next support level at 1.2519 has already been tested this morning, after that look for support at 1.2490. On the upside a break of 1.2615 opens the way to 1.27.

    Spanish banks recapitalization needs are well below the amount set aside in the 100bn emergency package, according to two independent auditor firms. A few hours after the auction, it became clear that the amount provided by Europe earlier this month to recapitalize Spanish banks is sufficient.

    The Euro-zone is in recession. According to Euro-zone PMIs activity fell in June, at the same rate as in May. PMI’s are usually a good indicator of GDP growth, and point to a decline of 0.3 q/q in Q2, after stagnation in Q1.

    The market looks ahead to the ECOFIN meeting taking place in Rome today, it is rumoured that this will be the plateau to which Spain will formally request a bailout and the ECB will start to piece together future bailout funds, so the market will be looking for comments being released from this summit across the day.
    Initial jobless claims fell to 387,000 in the week ended June 16 missing forecasts of 381,000. The U.S. factory sector is expanding but at the weakest pace since July 2011.

    The US Philly Fed Manufacturing Index showed a fall off yesterday as it posted a figure of -16.6 against a forecast 0.7. This is an even bigger slowdown from last month’s figure of -5.8 which shows the market that conditions are worsening in the US. The continued weaker data from the US means QE3 remains a firm possibility in the future.

    Accor hotels begins roll out of new Ibis

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    Accor started to roll out the new branding for the ibis hotels in the UK with the ibis London Wembley Hotel. Thomas Dubaere, Managing Director, Accor UK and Ireland noted, “Last year, we announced our strategy to revolutionise our economy brand portfolio in order to meet the continuous changes our guests have in their lifestyles and consumption modes. Ibis is now the cornerstone of our economy brand portfolio and this is the first hotel in the UK to come under the new ibis branding. It is a landmark for Accor in the UK as it signals the beginning of a very exciting roll out of the new branded hotels across the country.

    “Accor hotels currently have more than 900 ibis hotels all over the world. The implementation of the new ibis hotel rebranding will be completed worldwide by early 2013 and by September 2012 in the UK. It will enable Accor hotels to achieve critical mass in several markets and will also boost each brand’s visibility and growth potential. While retaining their own distinct personalities, ibis, ibis Styles and ibis budget hotels all have shared DNA based on the three structuring concepts of simplicity, modernity and well-being.”

    Luxury and style go hand in hand with new basins

    150 150 Daniel Fountain

    StoneKAST, the leading brand of limestone sanitaryware, has introduced a range of eight new countertop basins; one to match each bath in its collection. Perfect for creating a spa-like retreat in the hotel bathroom, the new basins are manufactured from the same advanced blend of natural limestone and modern resin as StoneKAST’s baths. This not only means that each basin is unique, but also ticks all the boxes in terms of caring for the environment and sustainability too, a key consideration for hotels and other commercial premises in these modern times.

    Each new StoneKAST basin is designed to be combined with its matching bath to create a fully co-ordinated look, or can be specified as a stand-alone piece to create a striking focal point, with models to suit both the contemporary and classic setting and sizes to fit any space.

    For the smaller bathroom, the Petite basin combines space saving design and effortless style, while Quadrato provides a modern twist in any environment. Reflecting the trend for elegant curves in the contemporary bathroom, the Ovale basin offers a beautiful shape and a luxuriously deep bowl space, while Geo answers the call for geometric styling.

    StoneKAST’s Cocoon basin is striking in any setting, whilst the organic shape of the Pebble basin is inspired by nature. Understated in its simplicity is Oasis, which provides infinite harmony in the most prestigious of settings, while for timeless and iconic elegance look no further than the Classic basin.

    All of the countertop basins in the StoneKAST collection have a matt finish and no overflow, making them extremely hygienic and simple to clean so they work on a practical level too.

    For more details call StoneKAST on 0845 504 0474 or visit www.stonekast.com

    IFX Market Report for 21/06/2012

    150 150 Daniel Fountain

    UK

    Minutes released yesterday from the Bank of England’s policy meeting earlier in the month revealed a unanimous 9-0 vote to left interest rates on hold at 0.5%. More interestingly, voting has now split down the middle on the decision to increase the quantitative easing budget. A result of 5-4 in favour of leaving QE untouched means more members are swinging towards the idea of extra stimulus to help the economy. The committee judged that the risk of inflation overshooting its 2% target in two years’ time had lessened, thus weakening outlook for the UK.By 17:00 GBP/EUR had dropped to 1.2360 having ended the Asia trading session at a day’s high of 1.2411. At the open of the European session this morning GBP/EUR trades at 1.2358. Currently the pair is trading around 1.2380.

    The GBP Claimant Count Change has been called a lagging indicator and the addition of 8.1k to those claiming unemployment assistance, although higher than the -3.1k contraction expected, may reflect an increase in unemployment stemming from the beginning of the year, rather than being a reflection of a more immediate problem within the employment sector.

    A BoE poll suggests that UK business investment is set to grow only modestly in the coming year. Exporters are among those planning the strongest rises in investment spending.

    Wednesday saw the first of the BoE’s cheap loan auctions. The central bank received bids for the full £5bln on offer.

    Against the dollar sterling suffered following the FOMC statement in the US. Although Operation Twist was extended by a further $267bln, the markets had expected more talk of quantitive easing. In the absence of overt moves towards QE USD improved by 70 points from the morning’s high of 1.5778. In the lead up to the European market open GBP/USD traded at 1.5651
    ________________________________________

    WORLDWIDE

    A key day for Spain as the country could make its first formal aid request based on the country’s internal bank audit, details of which are out later today.

    Yesterday across Europe data was weak, with Italian factory orders falling 1.9% and Dutch confidence lower. These releases were compounded by relative inaction from the G20 summit.

    This morning Europe wide services and manufacturing PMI beat expectations. German PMI posted below expectations at 44.7 in the face of 45.3 forecasted.

    Eurozone annual consumer price inflation slowed to 2.4% in May from 2.6% in April, edging closer to the ECB’s target of just below 2%.

    EUR/USD opened yesterday at 1.2719, but, as with other majors, USD asserted pressure with the promise of continued low rates, and by the FOMC release the pair were trading at 1.2651, indicating that greater liquidity is attracting those hungry for depressed value equities.
    In a rare move Antonis Samaras has now been confirmed and sworn as Greece’s Prime Minister before a cabinet has been formed. A three-party coalition cabinet is expected as the PM pledges to honour the country’s bailout commitments.

    Spanish and Italian bonds responded positively after the G20 summit with QE expectations. The Spanish 10yr traded at 6.75% on the session, and the Italian 10yr was 17 basis points lower at 5.73%.

    Elsewhere, Europe’s neighbour Switzerland saw a fall in exports of 3.7% in May, with only the watch sector offering any sunshine for the embattled safe haven. GBP/CHF has swung 1.6% since 15th June and the SNB must start to ask what are the actual economic benefits of pegging CHF against EUR if export potential is affected to such an extent.

    Although Chinese manufacturing PMI was shown to have contracts this morning by its largest extent since March 2009, yesterday the Chinese Premier still found time to endorse the steps being taken by Spain.

    Japan’s Nikkei improved as USD/JPY moved from 78.82 to 79.58 in the space of eight hours. Japanese exporters were up, with electronics and motor cars seeing in excess of 2% value added.

    Signbox see uplift in enquiries following award

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    Signbox has seen an uplift in new business enquiries following their award of Sign Company of the Year at the 2012 Sign & Digital UK Awards – the only recognised award scheme for the UK sign industry. Signbox believe that some of this interest is directly attributable to their achievement of not only holding on to this top honour, having won the award in 2011, but winning three of the eleven 2012 awards available, including two other prestigious awards – Individual Sign Project of the Year and Wide Format Print Project of the Year.Comments about Signbox from the judges for the 2012 Sign & Digital UK Awards included, “A reward for their outstanding work throughout 2011, that has placed this company as the industry benchmark for quality, creativity and service”; “versatility and elegance are the company’s trademarks”, along with, “this is simply what a modern sign company should aspire to become”.

    Mark Bartlett, Managing Director of Signbox Ltd, said, “Despite the continuing difficult trading conditions being experienced by UK PLC we have seen a high volume of new business enquiries this year, with sales running ahead of the corresponding period for 2011. To win the industry’s top award for the second year running was a huge honour and we are certain this is part of the reason for the uplift in enquiries – and new business – that we are benefiting from”.

    For information about Signbox visit their website at www.signbox.co.uk.

    Striking Axminster carpet adorns Ashridge House

    150 150 Daniel Fountain

    Stunning bespoke Axminster carpet now adorns the Wyatt and Scroops rooms at the prestigious Ashridge House Business School in Berkhamsted, Hertfordshire, complementing the marvellous historic interiors of this stunning Grade I listed location.With two rooms to refurbish, the Wyatt Room, which functions as the main tea and coffee area for the house, and Scroops, a private dining room, Ashridge House chose Axminster Carpets Commercial to provide bespoke patterned carpet that truly complements the stunning architecture of this breath-taking building. As these rooms are in constant use, the bespoke floorcoverings were woven on Axminster’s Super 8 Pitch looms and are constructed from 80% wool and 20% nylon for superior durability and colour retention. Laid by TW Betts, these carpets are suitable for heavy contract use, able to withstand high-impact footfall and offer both practical resilience and unique style.

    As Debbie Gronert, Hospitality Operations Support Manager at Ashridge House explains, “the Wyatt Room is very traditional in style with wood panelling and high, ornate ceilings, but it is subjected to daily use so the existing carpet was worn in high-traffic areas and no longer reflected the true magnificence of the interior. The Wyatt Room provides a space for our clients to relax with a cup of tea or coffee, and it was therefore essential that any new carpet would help to create a peaceful and tranquil environment that also co-ordinated with the terrific garden views.”

    In order to achieve this, Ashridge House worked closely with APM Design Limited and Axminster Carpets Commercial to create a bespoke carpet thatdraws inspiration from a neutral colour palette and specifically blends in with the natural tones of the Totternhoe stone, from which the building is made, for a truly cohesive look. The result is a beautiful carpet in shades of grey and cream with bold circles and intricate floral details that really work together. Also co-ordinating with the existing historic interior, the revamped Wyatt Room is now ready to withstand the weary feet of many more business school clients.

    The Scroops private dining area was purposely refurbished in order to achieve a harmonious look with the adjoining Broughton dining room, giving both rooms an updated appearance and a new lease of life. The new carpet is more striking than the Wyatt Room in colour, with a deep crimson and cream floral pattern on a natural beige base colour. Providing an ideal location for visitors and clients to relax and enjoy the award-winning cuisine that Ashridge House offers, the Scroops room is beautifully appointed and finished to perfection with the new Axminster carpet.

    “Although we offer hotel facilities at Ashridge House, we specifically did not want a ‘hotel carpet’ feel in any of the refurbished rooms”, continues Debbie Gronert. “Our main aim was to use floorcoverings that harmonised with the existing historic features of Wyatt and Scroops, providing a seamless finish without dominating the entire room. We specifically chose Axminster Carpets Commercial as they were recommended to us as a UK-based company with a reputation for quality, and they have really delivered on this brief. Axminster has provided us with very different carpets that have injected a sense of elegance and vibrancy into each room and ultimately fit in beautifully with our historic architecture and interior design.”

    Ashridge was formerly a royal residence for Henry VIII and Elizabeth I, and the present house was built in the mid 19th century by General John William Egerton the 7th Earl of Bridgwater. Now principally known as Ashridge Business School, an internationally renowned institution that is consistently ranked a world leader in education, Axminster Carpets Commercial have really delivered an impressive and striking result for this prestigious building.

    For further information telephone 01297 630630 or e-mail

    co********@ax***************.uk











    IFX Market Report for 20/06/2012

    150 150 Daniel Fountain

    UK

    Tuesday was a relatively quiet day for UK data, however UK Consumer Price data for May came in at -0.1% m/m versus expectations of a reading of 0.1%. The pound saw hefty declines after inflation undershot expectations and slowed to its lowest level in more than two years, boosting expectations that the central bank would engage in more monetary easing. The consumer price index rose only 2.8% on the year in May against consensus views of a 3% rise. Sterling hit the day’s low of 1.5616 against the dollar after a sharp fall.

    The Bank of England said Tuesday it will offer banks £5bn ($7.9bn) in an auction today, in what will be the first test of UK lenders’ appetite for new emergency funding. GBPUSD jumped to a 1 month high of 1.5756 upon release of this news yesterday afternoon.

    GBPEUR opened yesterday at the high of the day 1.2447 and dropped on the inflation data release to trade at the low of the session 1.2377. With the rebound from resistance at 1.2465 yesterday we now expect a test of support at 1.2282 in the coming sessions. Currently the pair is trading around 1.2405.
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    WORLDWIDE

    The ZEW Indicator of Economic Sentiment for Germany decreased by 27.7 points to -16.9 in June, the strongest decline since October 1998. The score was also much worse than economists’ forecast of 23. The report noted that the worsening of the situation in the Spanish banking sector and the insecurity about the outcome of the Greek general election are likely to have contributed to the sharp decline of the indicator.

    Now that the Greek elections are out of the way, the centre of the euro debt crisis will focus back again on Spain. The Spanish banking sector’s fortunes continue to deteriorate as a result of weak loan performance, where metrics have weakened to levels not seen since 1994. 10 year government bond yields breached the 7% barrier yesterday, the level that prompted the governments of Greece, Portugal and Ireland to seek bailouts.

    Scotiabank sees that a possible rate cut from the ECB might be on the way. President Draghi had stated that the decision to hold rates had been one made by ‘consensus’, indicating that some members of the governing council had already argued for rate cuts. This new development increases the chances of a rate cut at the next ECB meeting on July 5th.

    Spain’s woes worsened on Tuesday as its borrowing costs surged at a debt auction amid fears that the country loses access to financial markets, which could lead it to seek an international bailout. Spain is set to face a tougher challenge tomorrow , when it plans to sell as much as €2bn of bonds maturing in April 2014, July 2015 and July 2017.

    The International Monetary Fund added $456 billion to its war chest as 12 more nations, including the BRICS, pledged new money to protect the global economy from the impact of the Eurozone debt crisis at the on-going G20 meeting in Los Cabos, Mexico. China led the nations in boosting the firewall with a contribution of $43bn. India, Russia and Brazil agreed to provide $10bn each. Another BRICS member South Africa offered $2bn, according to IMF whilst G20 host Mexico also offered $10bn.

    Greece’s pro-bailout New Democracy Party, which won the second elections, is close to form a coalition government on the second day of talks yesterday. However, there were reports that the new government may urge its creditors to renegotiate the bailout deal.

    US housing starts dipped in May, nearly reversing a stronger than initially reported April rebound, according to figures released Tuesday by the Commerce Department. The Commerce Department put the number of privately owned housing starts at a seasonally adjusted annual rate of 708,000 for May.

    Following the release of the US housing starts and building permits data for May, the dollar was little changed against its major opponents. As of 1331pm, the dollar was trading at 1.5672 against the pound, 1.2622 against the euro.

    In an indication of future construction, the number of new housing permits grew by 7.9% to annualized level of 780,000 in May. That was well above economists forecast for 730,000 new permits and the highest monthly level since September 2008.

    Canadian Wholesale Sales rose more than an expected 0.2% to show a reading of 1.5% in April. Following the release of the data for April, the Canadian dollar edged higher against its major rivals. As of 1332pm, the Canadian dollar was trading at 1.2880 against the euro, 1.0208 versus the dollar and 1.5988 against the pound. The high of the day (against sterling) reached 1.6053.

    The Swiss franc gained against most of its major opponents yesterday, hitting a low of 1.4864 against sterling after a high of 1.4961 during the trading day.

    The yen gained ground across the board this morning in Asia trading after data showing that Japan’s trade deficit widened in the month of May, while the minutes of the Bank of Japan showed that a few members said more easing should not be ruled out. Risk-aversion mood ahead of the conclusion of crucial Fed meeting also prompted traders to seek safe-haven yen.

    Annual German PPI increased 2.1% in May, following a 2.4% rise the previous month, according to data released on Wednesday by Destatis. Analysts expected 2.3% growth. As we stand, EURUSD is trading at 1.2684

    Miniview: Tower Bridge launches new Novotel bedroom design

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    To be honest I was a bit taken aback when I saw the new design. I was at Novotel Pepys Street, by Tower Bridge, to hear and see the launch of Accor’s Planet 21 green initiative, a drawing together of all the company’s environmental programmes. The Novotel has been totally refurbished as competition in this area of London becomes more intense as multiple openings add new hotels to this prime tourist area.I was given a quick tour of the property by the GM. Told that the new bedroom and bathroom was a model to be rolled out across Novotels everywhere, I was politely disbelieving. I see this development, smart as it is, as a step backwards from previous provision. It may be more stylish, more contemporary, but it moves away from the separate toilet, the separate shower, and the separate soaking tub that Novotel so successfully introduced in their previous ‘NG’ bedroom I checked with the design office, and was assured by Yann Le Cam, the Accor Design Manager, that this is indeed the new iteration.

    I double checked through the UK pr and the answer was firm, the shower is back over the bath, the toilet was back in the bathroom. I was told that a door could be added ‘if needed’ which I presume means that in France there will still be a separate toilet enclosure. However despite the smartness of the new design I still think this is a regressive step.

    The Stunning New JW Marriott Mexico City Santa Fe Redefines Luxury

    150 150 Daniel Fountain

    Marriott International, Inc. continues to grow its world-class luxury JW Marriott hotel brand with the opening of the 221-room JW Marriott Mexico City Santa Fe. The much anticipated hotel is located in the upscale Santa Fe residential neighbourhood and is walking distance to plenty of entertainment, great shopping and large international office complexes. For dining and recreation at the JW Marriott Mexico City Santa Fe, the hotel features two restaurants; Quattro, an authentic Italian menu inspired by the Piamonte region of Italy; and Cúa, an organic Mexican fine dining restaurant with fusion flavours from Mediterranean, Asian and Latin American cuisine. The hotel will also feature a lobby bar, 24 hour room service and an executive lounge open 24 hours that is available for guests staying in executive level rooms. To ensure the guests’ relaxation and fitness, the hotel offers a full state of the art fitness centre and will feature the Oriental Wellness Spa with five treatment rooms, saunas, vapour rooms, Jacuzzis and a meditation area.

    The 221 rooms and suites will all include High speed internet, 42’’ plasma TV, alarm clock with iPod/iPad docking station, Wireless telephone with voicemail, Nespresso coffee machine and aromatherapy bathroom amenities.

    The JW Marriott Mexico City Santa Fe offers more than 13,100 square feet of flexible meeting space, including the largest ballroom totalling 9,140 square feet. The proximity to the international office complexes and the financial district combined with the variety of meeting space makes the JW Mexico City Santa Fe an excellent option for a larger or more intimate group.

    Threadneedles undergoes refurbishment

    150 150 Daniel Fountain

    ISG has successfully completed a refurbishment project at boutique hotel Threadneedles in the City of London, to reconfigure accommodation and create five new guest rooms within the existing building.The scheme follows the acquisition of the five star hotel by Westmont Hospitality in November 2011, as part of a deal involving four hotels previously owned by The Eton Collection. As part of a strategy to increase revenue generation at the hotel, ISG has relocated back of house facilities to available space within the building and then converted these underused areas into guest accommodation.

    The project included the creation of a new wheelchair accessible guest room on the ground floor and a guest room on the mezzanine floor, space which was previously used as the hotel’s comms room. ISG has also created three further guest rooms on levels two, three and four in space formerly used to accommodate staff changing and canteen facilities.

    In addition to creating the new guest rooms, ISG has relocated staff welfare facilities, the staff canteen, IT and comms room and new back of house offices to the building’s basement. The redevelopment also included an upgrade to the hotel’s existing lifts to access the new guest rooms.

    Peter Kilby, managing director of ISG’s Hotels division, commented: “This project demonstrates how a hotel asset can be enhanced by maximising the saleable space, providing the opportunity to increase revenue generation from guest rooms. Throughout the delivery of this complex scheme we worked closely with the client’s management team to ensure the hotel continued to operate on a business-as-usual basis, developing a phased works schedule to ensure seamless project delivery.”

    Geberit Monolith: Design and Functionality in One

    150 150 Daniel Fountain

    The new elegant Geberit Monolith sanitary module for washbasins; perfect merging of form, functionality and quality

    The bathroom is more than just a space for daily hygiene – it’s an oasis of wellbeing for the body, the eye and for your sense of order. The family of Geberit Monolith sanitary modules bundles together a bathroom’s various functions – from WC to washbasin – and turns them into architectural focal points.The entire Geberit Monolith family are strong design elements in a bathroom and the new sanitary module for washbasins is no exception. The washbasin, as if it were on stage, is mirrored in the glass surface of the module. Optional easy to open side drawers offer convenient storage for toiletries, helping to keep the whole space free of clutter.

    The choice is yours
    Elegant and aesthetic wall-mounted taps are a particularly attractive option in a bathroom. Installing them is easy with the Geberit Monolith for the washbasin, while Geberit also offers the Monolith for washbasins with deck-mounted taps giving you the freedom to choose.

    And when it comes to selecting a ceramic appliance, the choice is just as varied with Monolith as it is compatible with many readily available washbasins on the market. An optional double towel rail is available to complete the look, particularly useful as a space saver in the smaller bathroom

    Amazingly simple
    The Geberit Monolith for washbasins does not just look good, it’s also quick and simple to install making converting a conventional floorstanding basin with pedestal to a wall-mounted version an easy process for both you and the plumber, with the minimum of inconvenience or mess. All the fixings are neatly concealed behind the elegant glass panel to create a minimalist finish that will be a style statement in any bathroom.

    Characteristics: Geberit Monolith sanitary module for washbasins

    Six good reasons:
    – Timeless modern design, winner of many international awards (e.g. if Design Award)
    – Quality product made of high-value materials including aluminium and glass
    – Elegance through coloured front cladding made of safety glass, available in black, white or umbra
    – Choose from many ceramic appliances and valves
    – Wall-mounted taps or optional deck-mounted taps for an attractive look
    – Simple and rapid installation

    IFX Market Report for 19/06/2012

    150 150 Daniel Fountain

    UK

    The pound lost out against US Dollar as optimism over the Greek elections was short lived. GBPUSD moved around 0.5% from its high of 1.5718 to close the day at 1.5651.Against the euro the pound did better moving off a recent low of 1.2341 and peaking at 1.2145 as initial confidence in the in the Greek election quickly vanished.

    On a quiet day for UK data Rightmove said that UK asking prices rose by 2.4% in the past year. It did also point out that this rise is not in line with inflation and expected a decline in the future.

    UK inflation data this morning surprised the markets coming in below expectation dropping to 2.8% year on year from 3%. At the same time the retail price index fell from 3.5% to 3.1%. Sterling lost ground off the back of this data.
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    WORLDWIDE

    Market’s had initially cheered the pro-bailout Greek election win but concern over the implementation on a manageable plan that a coalition government can agree on, new austerity had a major impact on market confidence in afternoon trading.

    S & P today issued its verdict on the Greek election, saying that it will have no immediate effect on Greece’s ratings. But, the agency did add that while the short-term risk of Greece leaving the Eurozone may have lessened, it still sees at least a 1 in 3 chance of its exit in the medium-to-long term.

    As the political crisis in Greece continued to be a major concern for the Eurozone, Spain continued to lose credibility in the bond market. In a sign of continued jitters over the euro debt crisis, Spanish 10 year bonds jumped to 7.1%. Spain has also delayed the much anticipated banking audit until September.

    Against the US dollar, the euro dropped from a high of 1.2724 to close the day at 1.2582 as German Chancellor Merkel spoke at the G20 summit in Mexico. Merkel said that Greece had to stick to the bailout package, causing day lows across the whole Eurozone but in particular Spanish, Italian and Greek stocks.

    The Euro continued to hit recent lows against the Australian Dollar, hitting a 4 month low this morning breaking the psychological level of 1.25. Since June the 4th EURAUD has fallen from a month high of 1.2858 to 1.2425.

    The move came after the release of the minutes of the Reserve Bank of Australia’s interest rate decision meeting earlier in the month where it was decided to cut interest rates by 25 points, from 3.75% to 3.5% – in line with forecasts. This comes after a 50 basis point cut in May from 4.25%. On deciding to cut rates in June, the board members said that the action would provide stimulus for the coming months.

    Homebuilder confidence in the US has seen a modest improvement in the month of June. The report showed that the NAHB/Wells Fargo Housing Market Index crept up to 29 in June. Economists had expected the index to come at 28 as reported last month.

    India’s central bank decided to leave its key interest rates unchanged, saying that another reduction could worsen the inflationary pressures amid the weakening economic growth.

    Fitch Ratings cut India’s rating outlook to Negative, citing the heightening risk of economic growth deteriorating further if measures are not taken to improve operational environment for business and investment.

    IFX Market Report for 18/06/2012

    150 150 Daniel Fountain

    UK

    The UK released no major data on Friday and only one major piece of data was released from the States; Sterling still had a volatile trading session due to the markets anticipation for the Greek elections over the weekend.GBPEUR traded within a 170 pip range on Friday ahead of the Greek elections taking place, hitting a high of 1.2433 against a low of 1.2264 set in early morning trade before 9am. Since the elections have taken place we have seen GBPEUR retrace slightly and is now trading around 1.2350 having set a high of 1.2385 overnight. Technical resistance has stretched to 1.2656 and with lower support set at 1.2153 we can expect another week of extremely wide trading ranges as news of the Greek coalition emerges.

    GBPUSD hit a high of 1.5725 late Friday evening during the US trading hours on the lead up to Greek elections also. This move was seen from the low of 1.5478 set in early morning trade on Friday, resulting in a 2.5% move overall. Cable is now trading around the 1.5662 levels this morning and with resistance levels climbing to 1.6056 now, it seems sterling has potential for further gains. Strong support is currently at 1.5650, and a close above 1.5818 is the next target for upside. Markets will now be awaiting the release of the MPC meeting minutes, due on Wednesday at 9.30am.

    According to Rightmove, Britons looking to sell their home have grown confident this month, pushing the average asking price up to its highest on record rising 1.0% in June’s survey to £246,235, the highest average price since the survey was first carried out in September 2002.
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    WORLDWIDE

    EURUSD saw a choppy trading session Friday as well, originally starting the day trading in the 1.26’s to then fall to post the low of 1.2592 by early afternoon. However the pair echoed the risk on trading that we saw on Cable and EURUSD climbed to a high of 1.2727 over the weekend and the pair still reside within the 1.27’s this morning. Breaking above the 1.26 resistance last week means the euro has potential for further gains, near term resistance is as high as 1.2900 now.

    The outcome of the Greek election sparked a rally in risk assets in Asia, as investors were encouraged by the victory of the pro-bailout New Democracy party, pushing up both currencies and stock markets. Antonis Samaras, has already vowed to respect the country’s commitment to a €173 billion bailout agreement with the EU and the IMF, and invited all the parties that support Greece’s membership of the euro to join a national “salvation” government.

    The conservative New Democracy party won 30.23% of the popular vote, which translates in 130 seats in the 300-seat parliament. It was followed by radical Left Syriza party, which received 70 seats. Socialist Pasok was third with 34 seats, and the smaller Democratic Left party, which may also play a key part in the coalition-building talks that will begin today, received 16 seats. New Democracy Leader Antonis Samaras has already started informal talks with the Pasok party to form a new government, with a cross-party coalition likely to be formed by Wednesday.

    The conservative victory in Greece was quickly felt in the currency markets early in Asia, as concerns that Greece will leave the euro zone dampened. The Australian dollar also received a boost against the US Dollar, climbing to 1.0114 from 1.0014 late Friday in Australia. The US dollar strengthened against the yen, to 79.08, compared to 78.70 late Friday in New York.

    The outcome in Greece has also helped Spanish and Italian bond yields ease sharply this morning, this welcome relief comes just after the Moody’s downgrade of Spain’s credit rating caused the Spanish debt to rise over 7% last week, they are currently priced at 6.76%.

    Another important election result came in France, where the Socialist party, to which France’s new president Hollande belongs, gained absolute majority in the parliamentary elections yesterday. Now Hollande’s party has full ability to implement political reforms. The decision is due to be ratified by tomorrow.

    Polish Finance Minister Jan Vincent-Rostowski said on Monday that Poland is in a much stronger position -“thanks to others buying time during the euro-zone crisis” and after taking steps to reduce its public deficit. Poland’s deficit peaked at 7.8% of economic output in 2010, raising concerns at the time over the country’s public finance.

    Indian policy makers are worried about the frail financial health of the euro zone, particularly expressing anxiety over Greece’s ultimate fate in the currency bloc. Indian PM Manmohan Singh said continuing economic problems in the region could hurt India’s growth, which has already slowed to a worrying level.

    New Zealand PM John Key said early this morning that the European debt crisis remains the single biggest threat to the island nation’s economy, despite news that Greece’s pro-bailout New Democracy is moving to form a coalition. Key said yesterday “Greece will continue to be on European life support” and “the European debt crisis remains the biggest threat to the New Zealand economy by some margin,”.

    The Hotel Alfonso XIII Reopens Following a Meticulous $25 Million Restoration

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    The Luxury Collection Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc., has unveiled the iconic Hotel Alfonso XIII following an extensive $25 million restoration, returning the hotel its original splendour and luxurious grandeur. The reopening of Hotel Alfonso XIII marks the first of four Luxury Collection hotels that will undergo a multi-million dollar restoration and will re-open within the next 12 months, including Maria Cristina, a Luxury Collection hotel, San Sebastian scheduled to debut in July 2012; Prince de Galles, a Luxury Collection hotel, Paris and The Gritti Palace, a Luxury Collection hotel, Venice; both scheduled to open in early 2013.Located on the historic Calle San Fernando in the heart of Seville, Hotel Alfonso XIII is considered to be one of the grandest hotels in Europe, originally designed by Sevillian architect Jose Espiau y Muñoz and eventually named after King Alfonso XIII. The extensive 10 month restoration project was led by Demopolis, a renowned local Sevillian architect, and features Arabic-inspired arches, soaring towers and renaissance-style windows. Designed by HBA Design, the interiors fuse history and opulence with original hand-painted Triana and Mensaque ceramic tiles, authentic wood carved furnishings and marble floors. The hotel will also introduce the brand’s signature Luxury Collection Concierge service to all guests and promises the most discerning global travellers an extraordinary experience.

    Continued on page two

    Innovative Mattress Maker Naturalmat Helps to Keep British Manufacturing Industry Alive

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    Since the 1960s the British manufacturing industry has been in decline. Today many of the key names within this sector choose to import goods rather than maintain a UK workforce. However for some businesses keeping production in Britain is simply a matter of principal as well as a commercial advantage. Mary Portas’ latest campaign, ‘Bottom Line’ is currently helping to boost British clothing industry and keep manufacturing in this country. It seems to be working too because her range a women’s underwear is currently sold out in most of the shops. However in these tough economic times it’s not enough to simply keep British manufacturing for the sake of it, the most crucial point of all is of course is cost. One business in particular is setting an excellent example. Naturalmat make all of their organic mattresses by hand, at their eco friendly purpose built factory in Devon sourcing components locally where possible to drive costs down, whilst maintaining their world class status.Naturalmat believe that people (not machines) will always make a superior and longer lasting product. Instead of investing heavily in industrial mattress making machinery (which would have a large impact on their energy usage) Naturalmat invest in a team of craftsmen, who are dedicated to making the world’s best mattresses. Every stitch and every tufting button is painstakingly created and checked. Using this model Naturalmat know that their mattresses are produced competitively and to a high standard that will provide years of long lasting comfort.

    Naturalmat use organic lambswool from certified Soil Association farms within their mattresses. The wool is sourced locally from farms in Devon, Dorset and Somerset. It is processed on the edge of Dartmoor using water from the River Dart, which is recycled back into the river afterwards. Naturalmat then use an extract of essential oils (lavender, lemon and eucalyptus) to make it anti dust mite. Wool is the most efficient natural insulator, constantly helping to regulate temperature and it is also inherently fire retardant, so all Naturalmat tuftings are chemical free.

    Local sourcing is only half the story. By being environmentally conscious Naturalmat have also made savings in overheads. Through initiatives such as the installation of solar PV panels on the factory for the factory’s energy, Naturalmat have kept costs low enough to maintain a national and global competitive advantage. Last year Naturalmat successfully won the contract to supply all 670 mattresses for Yotel New York City, testament to their global appeal and a feather in the cap for British manufacturing.

    Chelsom Launches New Website

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    Following on from the Edition 23 catalogue launch, Chelsom has just launched its brand new website at www.chelsom.co.ukThe big move forward is that every item of product is now available to view and download dire4ctly from the website, making it far easier for our clients to specify products.

    Request their latest brochure, Edition 23, by clicking here.

    Fairmont Hotels & Resorts Announces Austin Debut with New Conference Hotel

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    Luxury hotel brand Fairmont Hotels & Resorts (“Fairmont”) and Manchester Texas Financial Group LLC (MTFG) announce the signing of an agreement for Fairmont to manage a new city center hotel slated to open in 2015. The Fairmont Austin will be located directly east of the Austin Convention Center, at the northeast corner of Cesar Chavez and Red River Streets. The $350 million concept will be crafted by the project’s architect, Gensler Austin, to accommodate additional upscale features reflective of Fairmont’s luxury design and service aesthetics. For example, the planned number of rooms will likely be reduced from 1,035 to approximately 1,000 – allowing for larger guestrooms and suites, explains Todd Runkle, managing director of Gensler Austin.

    The 50-story hotel, which features over 70,000 square feet of function space, will rise approximately 580 feet, making it the second largest structure on downtown Austin’s skyline, which is currently dominated by the 56-story, 680-foot Austonian. The project will mark Fairmont’s second hotel in Texas and join The Fairmont Dallas, located in the heart of the Downtown Arts District.

    The project will generate approximately $6 million in hotel occupancy tax and contribute $4 million in annual property tax, most of which will go to the Waller Creek TIF (tax increment financing) district. It will add roughly 1,000 permanent jobs to the Austin market, not including jobs generated during the construction project.

    The hotel’s design encompasses a number of green building elements and will seek LEED certification from the U.S. Green Building Council, an environmentally progressive positioning that complements Fairmont’s industry leading philosophy of operational sustainability and responsible tourism. More than two decades ago, Fairmont was the first hotel company to adopt a comprehensive environmental program and more recently became the first luxury brand to address climate change by pledging to significantly reduce CO2 emissions worldwide.

    The luxury brand’s Green Partnership Program focuses on sustainability, mainly improvements in the areas of waste management, energy and water conservation, as well as community outreach through local groups and partnerships. Initiatives include a green conferencing solution dubbed Eco-Meet, recycling and organic waste diversion in the hotels’ kitchens, retrofitting energy efficient lighting, purchasing green power, sourcing sustainable seafood, creating rooftop herb gardens at properties and redistributing food and gently used goods to those in need.

    Starwood Hotels & Resorts Debuts Sheraton Madrid Mirasierra Hotel & Spa

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    Starwood Hotels & Resorts Worldwide, Inc. has announced that its global powerhouse Sheraton Hotels & Resorts has debuted in Madrid with the opening of the Sheraton Madrid Mirasierra Hotel & Spa. Owned by Comercial Mirasierra Group, the hotel is part of Starwood’s strategic multi-billion expansion plan to open more than 60 Sheraton hotels around the world in the next three years.Located in the residential area of Mirasierra near the buzzing city centre, the Sheraton Madrid Mirasierra Hotel & Spa comprises 180 spacious guest rooms, each featuring the brand’s signature all-white Sheraton Sweet Sleeper(R) bed, an all-day dining restaurant, lobby bar, terrace lounge and pool bar. The hotel also offers Sheraton Fitness programmed by Core Performance, a spacious spa as well as an indoor and outdoor pool. For business travellers, the hotel features a fully-equipped business centre and over 13,000 square feet of meeting space including a ballroom of approximately 9,000 square feet and eight meeting rooms. The hotel also offers Sheraton Club rooms and Lounge and the brand’s signature Link@SheratonSM experienced with Microsoft, a unique communication hub delivering the technology modern guests expect and require while on the road.

    Located only 15 minutes from Barajas Airport, adjacent to “Cuatro Torres” and close to the IFEMA Congress and Convention Centre, the Sheraton Madrid Mirasierra is a conversion of the well-known Mirasierra Suites Hotel. The addition of this hotel to the Sheraton brand following a renovation and re-branding process is part of Starwood’s strategic plan to convert key hotels throughout Europe, Africa and the Middle East.

    SOURCE: Starwood Hotels & Resorts Worldwide, Inc.

    The ibis family celebrates 4 new hotel inaugurations in Poland

    150 150 Daniel Fountain

    The ibis and ibis budget Krakow Stare Miasto, and the ibis and ibis budget Warszawa Reduta, were respectively inaugurated on 9 and 21 May last. These two new hotels are part of a bigger objective for Accor: its goal to become a leader in Europe’s budget hotel segment. An ibis and ibis budget combined hotel in central Krakow
    The ibis and ibis budget Krakow Stare Miasto combined hotel is right in the centre of Krakow, Poland’s country’s second-largest city, and one of that country’s main cultural and scientific hotspots. It has 302 rooms and stands a stone’s throw from Wawel Royal Castle and Main Market Square, one of the city’s main squares. That is one of this hotel’s big advantages. It is also a short walk from the central train and bus stations.

    More than 120 guests attended the inauguration ceremony on 9 May. Laurent Picheral (Managing Director Accor/ Orbis Poland), Irek Weglowski (Corporate Communication & Investors Relations Director in Poland), Malgosia Kalinowska-Klimek (General Manager of the complex) and Tadeusz Trzmiel (Kraków City’s Deputy Mayor) officially cut the ribbon.

    A big-time event in Warsaw
    The ibis and ibis budget combined hotel was inaugurated on 21 May, and several Group representatives attended the ceremony.

    It started with an address by Yann Caillère, President and Chief Operating Officer, and the traditional ribbon cutting to officially induct this combined hotel into the ibis family, before 200 people.

    Anna Popek, who hosted the ceremony, then invited the guests to tour the 170 Coquelicot and 163 Cocoon rooms, which define ibis and ibis budget brand identities.

    A string of attractions follows. A contest was organised to treat participants to a night in a selection of ibis and ibis budget hotels, and cushions (with symbols of the three brands).

    The complex ibis and the ibis budget Warszawa Reduta is located in the city center, not far from the Okecie airport and from the station, in 1,5 km of the exhibition center EXPO XXI. It enables an easy access easy to the main sites of Warsaw.

    These two inaugurations were big hits, and reflect the Group’s drive in this country. There are 12 ibis and 9 ibis budget hotels in Poland today. They will all be operating under the new umbrella brand by the end of August.

    Game, Set and Match with Lano Carpets

    150 150 Daniel Fountain

    A variety of Lano carpets now adorn the prestigious Roland Garros tennis club in Paris, providing a beautiful and stylish backdrop for the renowned French Open Grand Slam tournament.Chosen by the contractor at Roland Garros, Technique des Sols Appliques, for delivering results in other projects and because of its longstanding reputation for providing quality, high-performance contract carpet, Lano supplied different carpets for three separate areas of the venue.

    A total of 1196m2 of Lano Carpets’ Carve L72 design from the standard stock collection was specified for the exclusive VIP bar and restaurant area, providing sumptuous underfoot comfort for sponsors and esteemed guests. Chosen in an attractive grey colour, the L72 Carve carpet features elegant horizontal wave grooves that create a striking textured look and feel. Matching perfectly with the floor-to-ceiling glass partitions that demarcate the restaurant and bar areas, Carve provides understated glamour and its strong polyamide pile composition is resilient yet soft enough to create an opulent ambience.

    In the busy interview and media rooms, Lano Carpet’s Opera concept was used, offering a strong woven loop pile crafted from the unique recycled Econyl nylon yarn. Ideal for heavy commercial use and able to withstand high levels of footfall, 707m2 of Opera covers these high-impact areas. With its bold plain black base tone and contrasting light silver geometric-style squares, Opera provides depth and interest and is paired beautifully with the all-white interior of the media rooms.

    Lastly, Arena in a dark charcoal grey colour with a coordinating textural dotted pattern decorates the floor of one of the most important areas of Roland Garros, the reception and office of the president of the FFT (Federation of French Tennis). With direct access onto the Court Suzanne Lenglen, Arena offers a fantastic contrast to the rich orange clay of the tennis courts. With exceptional underfoot comfort and a contemporary yet timeless design, Arena works seamlessly in both office and meeting rooms. A tufted 1/10” cut and loop pile, Arena is suitable for general commercial use and combines softness and strength.

    For further information on all Lano carpet ranges, freephone 00800 5266 5266, or visit www.lano.com

    The Waterhouse Bar & Terrace Launches at Hilton Brighton Metropole

    150 150 Daniel Fountain

    Hilton Brighton Metropole, situated just a stone’s throw away from Brighton’s beachfront, has unveiled its new look bar, The Waterhouse Bar & Terrace. The relaunch sees the introduction of new menus by executive chef, Anthony Molnar and cocktails by head barman, Gyorgy Piros.The new venue takes its name from the hotel’s very own architect, the esteemed Alfred Waterhouse who designed the hotel which first opened its doors in 1890. His architectural style was unique for the era, renowned for spiral rooftops and favoured red stone and terracotta tiles rather than the then classic Victorian white washed rendered buildings. He also worked with Queen Victoria on the plans for his design of the National History Museum.

    The new bar has undergone a dramatic renovation by award-winning local interior designers and architects, DesignLSM, based in nearby Hove. Inspired by private members’ clubs and grand bistros, the newly designed interior of The Waterhouse Bar & Terrace evokes an opulent atmosphere and reflects the heritage of the hotel.

    A striking new bar features a marble top with wood panelling on the walls and an art deco style. The interior boasts a mix of contemporary and traditional styles with low hanging pendant lighting, modern chairs and leather studded booths which create a snug area for those who want amore private space. The colour scheme, in a palette of greys and plums, adds a sense of warmth and elegance.

    The bar offers classic bar food with an influence from its coastal location including traditional English sandwiches, such as honey roast ham & English mustard; smaller dishes including crab and chilli spring rolls; larger dishes such as the Waterhouse Gourmet Burger; and sweet treats including banana crème brûlée. A selection of ‘Afternoon Tea by the Sea’ is also on offer. As well as a range of spirits, wines and beers, The Waterhouse Bar & Terrace has an impressive gin collection ranging from Gordon’s to the luxury Sipsmiths. In addition, Gyorgy Piros, head barman, has created a drinks list which spans classic cocktails and innovative twists on traditional favourites.

    Guy Hilton, general manager, Hilton Brighton Metropole said, “We are very excited to unveil the new Waterhouse Bar & Terrace and look forward to welcoming guests in for a drink or a bite to eat in what promises to be the new hot destination in Brighton.”

    The renovations are part of an ongoing refurbishment plan that has seen a £4million investment into Hilton Brighton Metropole and is due to continue throughout 2012.

    IFX Market Report for 15/06/2012

    150 150 Daniel Fountain

    UK

    Following a string of recent weak UK data releases, a growing number of analysts are still wary of the pound on concerns that the UK economy will be hurt by the turmoil in the Eurozone, the country’s biggest trading partner.
    GBPEUR remained range bound ahead of key event risks over the weekend. Sterling traded at a low of a low of 1.2313 as the euro benefited from positive rumours regarding the elections in Greece.GBPUSD continued to be dominated by general risk appetite and rumours of further U.S Quantitative Easing. The resistance level of 1.56 remains the level to break, which if done will open up moves as high as 1.58. However while there is growing speculation of further asset purchases in the UK any rebounds could well prove short lived.

    According to a report by the Financial Times, the Bank of England and the HM Treasury will announce a credit-easing initiative aimed at boosting loans to SME’s in the UK

    The GBPEUR support level of 1.2320 held up well throughout yesterday but after speeches by Bank of England Governor King and UK Chancellor Osborne at the annual Mansion House meeting last night combined with inspired confidence in the Greek election meant trading has opened today at 1.2264
    ________________________________________

    WORLDWIDE

    Greek bank stocks were up almost 19% yesterday on talk that pro-bailout parties are likely to win the June 17th elections.

    Spain’s 10-Year yield hit an all-time high of 7% mark as Moody’s cut the region’s credit rating to Baa3 from A3, while Italian three-year notes yielded 5.30%, which compares to the 3.91% offered in May.

    A report by the Bank of Spain showed commercial banks borrowed a record €287.8bn from the European Central Bank in May amid speculation that the Governing Council will act in July as the outlook for the region turns increasingly bleak.

    Helped by U.S QE3 speculation and positive Greek polls EUR/USD recovered from a day low of 1.2543 to hit a high of 1.2620 by late afternoon – a resistance level that is unlikely to be broken ahead the coming critical weekend.

    While the market is not about to forget about the Eurozone crisis, a win for New Democracy may in the short term spark a healthy Euro rally.
    Moody’s predicted Irish home prices are due to fall 20% or more.

    In the US, Core CPI month on month data which looks at the change in the price of goods and services came out as predicted at 0.2%.

    Weakening US jobless claims as well as yesterday’s disappointing retail sales release weighed on the US dollar yesterday amid increased expectations of a more dovish Federal Reserve.

    After keeping Interest rates on hold on Thursday and reiterating their aggressive stance on the EURCHF floor, Chairman of the Swiss National Bank, Thomas Jordan has said he expects a significant slowdown In Switzerland’s Q2 GDP Growth.

    The Bank of Japan said it would leave its key interest rate at between zero and 0.1% but would also leave a 70 trillion yen ($885bn) asset purchase programme unchanged.

    Starwood Debuts Le Meridien in Algeria with the New Le Meridien Oran Hotel & Convention Centre

    150 150 Daniel Fountain

    Starwood Hotels & Resorts Worldwide, Inc. has recently announced the debut of the first Le Meridien hotel in Algeria with the opening of Le Meridien Oran Hotel & Convention Centre. Owned by Sonatrach, the hotel is part of a mixed-use development, which includes an adjacent conference and exhibition centre, an esplanade and an oceanfront promenade. Located on Algeria’s north-western Mediterranean coast, Le Meridien Oran sits on a cliff offering breathtaking views of the Mediterranean.Designed by Rockwell Group Europe (RGe), Le Meridien Oran features 254 guest rooms and 42 suites, combining contemporary design with Algerian heritage and Le Meridien brand amenities. The hotel’s signature spa, inspired by European spa traditions, comprises eight treatment rooms, a jacuzzi, Turkish Hammam, an outdoor pool and fitness centre, offering endless ocean views.

    Le Meridien Oran also features an all-day dining restaurant with an open kitchen, a chic lounge bar with inspiring sea views, the city’s first authentic Italian restaurant as well as a lobby bar serving Illy coffee and tea from around the world.

    Le Meridien Oran Hotel & Convention Centre houses the largest meeting facilities in North Africa with nearly 9,000 square metres of flexible meeting and event space, including two ballrooms, a pre-function area and 23 meeting rooms. Equipped with state-of-the-art technology the convention centre houses an auditorium that can seat up to 3,000 seated guests and features the largest mural fresco in the world. Created by Algerian artist Tewfik Boumedhi, the 2000-metre-long façade is made of 51,000 tiles and depicts the Southern Mediterranean culture in Arab-Moresque art.

    SOURCE: Starwood Hotels & Resorts Worldwide, Inc.

    RHA Bespoke Joinery

    150 150 Daniel Fountain

    RHA Furniture have an experienced team of Production Managers and Craftsmen who specialise in producing high quality joinery and case good for hospitality and corporate projects.The company works with clients, Designers and Architects to produce a wide range of high quality bespoke joinery and case goods. Over the last few years they have worked on a wide range of projects and produced finely crafted cabinets, reception desks, task furniture, boardroom tables, lecterns and even retail display furniture.

    RHA Furniture offer a complete package that includes initial planning, production, sourcing, technical implementation, delivery, onsite installation and after sales service.

    Visit RHA’s website to find out more about their bespoke joinery, retail display units and hotel bedroom case goods.

    Signbox to take Enlighten to another level

    150 150 Daniel Fountain

    Signbox, winner of the Sign Company of the Year Award for the past two years, has just unveiled a new weatherproof, outdoor version of its groundbreaking Enlighten smart poster range featuring NFC technology. The outdoor version is available in different sizes and can also be incorporated into a purpose-built monolith that is ideal for high footfall areas. The new external versions of Enlighten complement the existing ‘indoor’ range with the same ultra sleek, contemporary styling. Signbox has also taken the opportunity to introduce enhanced fraud prevention technology built into each poster designed to prevent tag diversion, which they say will set the standard for the secure transfer of information between smart posters and NFC enabled smartphones.Enlighten enables a range of tailored and customised messages, including voucher and promotional offers, to be transferred direct to target audiences via their NFC enabled smartphones. Since its launch in October 2011 Enlighten has generated substantial interest in line with the worldwide groundswell towards the adoption of NFC technology.

    Mark Bartlett, Managing Director of Signbox, comments, “In the next few years people will use their phones in a different way, with paying for goods and retrieving information or offers from smart posters becoming second nature – an everyday occurrence.

    “Enlighten is at the forefront of these developments and will deliver enhanced customer engagement through new proximity marketing and will change the way people interact with the brands and marketing messages that surround them.

    “The outdoor, weatherproof version of Enlighten was always part of our plans. More so, we know that consumers must have total trust in the technology. That is why we have invested heavily in our security feature to prevent tag diversion. Following exhaustive testing we are completely satisfied the security of Enlighten cannot be overridden or compromised in any way”.

    For a brochure on Enlighten call Signbox on 01784 438688 and for more information visit the dedicated website at: www.smartposter.co.

    IFX Market Report for 14/06/2012

    150 150 Daniel Fountain

    UK

    British Finance Minister George Osborne said yesterday that Germany would make more concessions to save the euro if Greece was forced to abandon the common currency. In his opinion Germany would be more willing to bail out other countries if Athens left.GBPEUR took a steady drop throughout the day’s trading. Opening the markets at 1.2428, the rest of the day saw a gradual decline into the 1.23’s, finally closing at 1.2355. The drop in the GBPEUR seemed to derive from comments made by Alex Tsipras, head of the anti-bailout party where he mentioned that the EU will not cut Greek funds or eject Greece from the EUR.
    GBPUSD opened trading yesterday at 1.5572 trading in a tight range during the day’s trading struggling to break the 1.56 resistance, hitting the day’s high of 1.5597. Overnight and this morning the pair has again fallen off hitting lows of 1.5469.

    The British Pound is showing relatively firm correlations with UK bond yields and the MSCI World Stock Index, hinting the focus here is likewise the Eurozone debt fiasco and thereby the Greek election outcome
    ________________________________________

    WORLDWIDE

    The US Dollar fell against most of the majors as expected amid a recovery in assets linked to risk appetite last week. Risk aversion looks like it has made a come-back as investors turn defensive ahead of the weekend’s general election in Greece.

    The EUR had a good day against the USD, opening trading at 1.2528 the pair took a gradual rise throughout the day amidst poor US data that included retail sales falling for a second consecutive month and more positive news from the Eurozone. There remained an evident resistance at 1.26 where the high of the day reached 1.2599 before closing at 1.2584
    For the Euro, a firm correlation with German bond yields (see chart) points to the primacy of debt crisis concerns in shaping price action. Renewed sovereign stress in the Eurozone is likely to boost haven demand for German government debt, pushing yields and the single currency lower.

    With Europe’s debt crisis intensifying pressure on the Swiss National Bank’s 1.20 per euro ceiling after a breach in April, officials will today reaffirm their commitment to defend the limit.

    Industrial production fell in Spain and Portugal, two of the southern European countries engulfed in the region’s debt crisis, as well as in Italy, which is fighting to reform its economy and avoid the need for outside help. But Germany, the region’s industrial powerhouse, also saw production fall sharply, raising doubts about its ability to withstand the downturn affecting its weaker neighbours.

    German May inflation data was in line with previous estimates yesterday, coming in at 2.2% compared to May 2011. Prices dropped 0.2% on the month, the German stats bureau said. Falling energy prices contributed to the fall in inflation, offsetting a strong performance in the German labour market.

    Poland’s annual consumer price inflation rate fell more than expected in May, the country’s statistics office said yesterday, limiting expectations the central bank will raise rates in coming months.

    As widely expected, the Swiss National Bank retained its interest rate at zero percent this morning and the EUR/CHF floor at 1:20. Since that decision the Swiss franc has edged higher against its major rivals.

    Brazil’s real rose for the first time in three days on bets that tax changes may boost inflows into Latin America’s largest economy. The real rose 0.5 percent to 2.0575 per dollar. The currency reached a three-year low of 2.1062 on May 23 after appreciating to as strong as 1.6890 this year.

    The Ritz-Carlton Hotel Company, L.L.C. Opens Its First Luxury Resort In Japan

    150 150 Daniel Fountain

    The Ritz-Carlton Hotel Company, L.L.C. has opened its first luxury resort in Japan on the tropical island of Okinawa. The Ritz-Carlton, Okinawa will pioneer luxury hospitality on an island that has been the secret getaway for generations of Japanese visitors, but remains relatively unexplored by the international luxury traveller.

    The Okinawan concept of hospitality or “gusuku,” which translates as “castle” or “guest house,” has been carefully reflected throughout the property to give it a welcoming sense of place. The new Ritz-Carlton resort embodies this spirit through its landscaping and contemporary architectural design, which extensively features the Shurijo face motifs, distinctive red clay roof tiles, white walls and holy water ponds.

    The 97 modern guestrooms and two suites of the Ritz-Carlton, Okinawa have balconies or terraces which enjoy sweeping panoramic views that overlook the East China Sea and the Kise Country Club. Inspired by the spectacular scenery of ancient forests, manicured golf courses and the sea, the luxurious resort has been designed to be in harmony with its natural surroundings.

    This new hotel presents a host of exquisite sophisticated restaurants and a bar. Restaurants include – Chura-Nuhji, an Italian fine dining restaurant; Kise, a Teppan-yaki restaurant featuring local seafood and renowned Okinawan beef; and Gusuku, an all-day waterside dining experience that serves Japanese, Okinawan and international dishes on its outdoor deck.

    Located a short stroll through landscaped gardens is The Ritz-Carlton Spa by ESPA, in its own separate enclave. The Ritz-Carlton Spa by ESPA combines the essence of ancient and modern Chinese, Indian, European and Balinese spa cultures. It uses the luxury ESPA products that harness the best of nature’s essential oils, botanicals and marine supplements. The exquisite collection of treatments represents complete care, personalisation and the ultimate in luxury.

    The Spa features four treatment rooms, four dry treatment rooms, outdoor Cabanas offering Shiatsu or Thai massage. It also offers the Heat Experience (Steam Sauna, Jacuzzi hot tubs, Stone Sauna with weathered coral tiles). Two special Retreat Suites are also available (Forest Suite and Ocean Suite) with their own private decks and stone baths. The spa retreat also houses a Nail Studio, Relaxation Room, Indoor Pool, and the fitness centre.

    The Spa reception features the use of organic materials in all design points, and the deep forest motif is particularly evident where a display of light creates textural and moving shadows as if under the forest canopy. Views to the ancient Yambaru Forest can be enjoyed from treatment rooms.

    Belgravia armchair in the news

    150 150 Daniel Fountain

    A unique feature of the new Belgravia armchair from Andy Thornton is two special newspaper pockets that are attached to the outer side of its arms, making the chair perfect for hotel receptions and in the lounge areas of cafes and bars. The Belgravia is part of the company’s hugely successful Urban Vintage collection of contract furniture and lighting for the hospitality industry.

    The Belgravia armchair is supplied as standard in medium brown leather, which has been specially ‘antiqued’ to give an aged, lived-in appearance. The upholstery specification includes a button-back design to the back and arms and brass studs to the sides and front of the arms. All foam used is combustion modified (CMHR) and fabrics are to CRIB5 contract standard.

    The full range of Urban Vintage furniture from Andy Thornton can be viewed online by visiting www.andythornton.com. A 36 page brochure is also available on request by calling 01422 376000 or emailing

    ma*******@an**********.com











    .

    Beach House, a revolutionary lifestyle hotel by Meliá Hotels International in Mallorca

    150 150 Daniel Fountain

    Eight months after announcing a revolutionary project designed to transform tourism in Magaluf in Majorca, the Spanish hotel company ends in record time the first phase of the Calviá Beach Resort development by opening the Beach House Hotel which joins the recently renovated Sol Wave House Hotel to revive the Magaluf beachfront and becomes the first lifestyle destination on the island. The Beach House Hotel is the result of the total transformation of the previous Majorca Beach Hotel. After four months of intense work, the hotel now presents a stunning and trendsetting new image, designed to offer a different and daring, adult-oriented experience, buzzing with energy and with great social life. This is all guaranteed by the partnership with Nikki Beach, an amazing beach club famous worldwide for the festivals and parties it hosts in Miami, Marbella or St. Tropez, and due to open in Mallorca on June 15.

    The hotel and club lie alongside the sea, set in palm trees and pine trees, and its vast lobby is home to huge Balinese beds from which to listen to the hotel’s resident DJ and enjoy dinner or a drink. The interior areas are divided by huge panels that simulate white coral, designed by the architect Alvaro Sans, author of exclusive resorts such as the Gran Meliá Palacio de Isora (Tenerife) or Paradisus Playa del Carmen (Mexico). This season, the Beach House offers a hundred oversize rooms (52 m2) with an entertaining and groundbreaking interior design, including a bathtub under the window from which to view the sea. The furniture has all been acquired in Mallorca as part of a clear commitment of the hotel company to boost the local economy, and includes an XL-size minibar, 32 inch TV, full connectivity for all kinds of mobile devices and a private chill out corner on the terrace.

    The Beach House has been designed not only for relaxing by the sea, but also for having fun, meeting people and enjoying every experience. The hotel is focused on adult guests, music and entertainment, and aims to raise the bar for tourism quality in the destination. It offers refreshing dining options, a gym with personal trainers, yoga and pilates, reflexology, and even a pet service. The Beach House is also plugged in to social networks, allowing guests to share their experiences immediately with their friends, including a Facebook Totem which allow guests to take pictures and share them on Facebook.

    For Meliá Hotels International the hotel and resort are examples of a bold commitment to reposition a mature destination in southern Mallorca, something which the Vice Chairman and CEO, Gabriel Escarrer, says “has been made possible thanks to the extraordinary potential of the Magaluf area, with one of the most beautiful beaches in Mallorca, surrounded by marinas, golf courses and luxury residential areas, and also to the support of the Balearic Islands Government and the municipality of Calvia, which have been instrumental in creating legal guarantees and an environment to attract investment and prepare everything in time for the summer season.”

    A bespoke woven beauty for Castle Bromwich Hotel

    150 150 Daniel Fountain

    Bespoke woven masterpieces from Wilton Carpets Commercial now adorn a range of areas in the stunning and historic Castle Bromwich Hall Hotel, blending in perfectly with the traditional period interior and providing an elegant finish in keeping with the fine surroundings.Specifically choosing Wilton Carpets Commercial due to its reputation for exceptional quality and the flexibility of a thorough bespoke design service, Castle Bromwich Hall Hotel specified a total of 1200 square metres of bespoke woven axminster carpet in a variety of locations. Fitted in the public areas, corridors, bar, restaurant, bridal suite and executive bedrooms of the hotel, the carpets feature an 80% wool 20% nylon pile for superior colour retention and fantastic durability.

    Able to withstand the heavy footfall of this popular hotel, each carpet has been designed by Wilton’s design team to complement the hotel’s 17th century beginnings and Grade I listed status.

    A striking deep crimson carpet with soft beige pin-dot diamonds flows down the grand carved staircase and continues into the main corridors of the hotel, seamlessly meeting the panelled dining room and changing into a traditional bordered design with larger leaf-inspired diamonds interspersed with the original pin-dots. The same latter design is mirrored in the public bar area and the executive bedrooms, but in a contrasting light colourway of cream and beige, complementing the stunning dark wooden furniture.

    The design team at Wilton, spearheaded by design manager Julie Robertson, provided a thorough design service for Castle Bromwich, working directly with the hotel from the initial briefing stage right through to perfecting the finished product. With a choice of woven or tufted options in the Ready to Go, FastTrack, Flexiweave and Bespoke collections, Wilton Carpets Commercial can create carpets in a variety of colours, textures and designs suitable for use in applications from light commercial to very heavy contract.

    Set in 10 acres of beautiful walled gardens, Castle Bromwich Hall Hotel is a unique venue with beautiful architecture, transporting guests into a more elegant and simplistic era, and Wilton Carpets Commercial have captured this essence of grandeur flawlessly.

    For further information contact Wilton Carpets Commercial on 01722 746000 or

    sa***@wi***********.com











    SEMINAR: Practical Advances in Decorative Textile Technology

    150 150 Daniel Fountain

    Panaz are holding a Breakfast Seminar on the Practical Advances in Decorative Textile Technology at the Institute of Directors, Pall Mall at 8.30am on Wednesday 20th June.If this would be of interest please refer to the downloadable PDF invite here and RSVP as shown advising numbers.

    Admission is allocated on a ‘first come, first served’ basis.

    IFX Market Report for 13/06/2012

    150 150 Daniel Fountain

    UK

    The pound started the Tuesday session at 1.2415 against the euro before falling to around 1.2373 after UK Manufacturing Production figures for April showed a fall to -0.7%, down from 0.9% the previous month, well below the consensus of 0%, which could possibly point towards a GDP contraction for Q2.Sterling recovered and progressed further in the afternoon, GBPEUR rose to 1.2480, its highest in nearly two weeks as investors sought alternatives to the euro on concerns about Spain and worries ahead of this weekend’s Greek elections. 1.25 remains a key area for GBPEUR to break, data releases and political announcements will be the main driver over the next few sessions.

    Against the dollar, sterling fell in the morning from around 1.5523 down to 1.5446 after the manufacturing data. However trade speculation on the Federal Reserve potentially increasing stimulus, coupled with worse than expected US Economic Optimism data saw sterling gain in the afternoon to 1.5573.

    Following a string of recent weak UK data, a growing number of analysts think the BoE could opt for another bout of asset purchases under its quantitative easing programme, possibly as early as next month after agreeing to leave them on hold this month. The minutes from the policy meeting earlier this month are released next week and will give an indication on the current stance.
    ________________________________________

    WORLDWIDE

    The euro fell against most of its major counterparts after the 10 year Spanish bond yields surged to reach a euro-era record and credit ratings agency Fitch cut its assessment of 18 of the nation’s banks amid concern Europe’s debt crisis is worsening. The euro fell to a week low 1.2442 against the dollar after trading around 1.2527, these losses were restricted by the US Federal Reserve situation.

    Technical analysts expect EURUSD to fall further after yesterday’s failure to break through 1.2575. A close above 1.26 would suggest a reverse to current falling trend.

    Spain’s bond yields rose to a record as Fitch’s prediction that Prime Minister Mariano Rajoy will miss budget-deficit targets stoked concern a €100bn ($124 billion) lifeline for banks won’t be enough to stabilize the economy. The yield on 10-year government debt rose for a third day, gaining 33 basis points to 6.83
    Initial optimism after Spain agreed a bailout deal for its banks quickly switched to worries about its long-term access to markets, which weighed on the euro. Investors were also turning their attention to Greek elections, where a victory for far-left anti-bailout parties could push Greece towards a chaotic exit from the Eurozone.

    Treasuries fell as the US prepared to sell $32bn in 3-year notes and traders speculated Federal Reserve policy makers may increase stimulus to keep the economic recovery from faltering. Bonds pared losses after Fitch’s rating cuts, renewing the refuge appeal of US government securities. The Treasury will sell $21 billion of 10-year notes today and $13 billion of 30-year bonds tomorrow.

    Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth, underscoring his preference for more stimulus. The policy-setting Federal Open Market Committee is meeting next week as slowing job growth at home and a deepening crisis in Europe weigh on the outlook.

    The US saw a 1% decrease in the import-price index, the biggest since June 2010, this follows an unchanged reading in April, Labor Department figures showed yesterday in Washington. Prices excluding fuel fell 0.1%.

    The financial crisis wiped out 18 years of gains for the median US household net worth, with a 38.8% plunge from 2007 to 2010 that was led by the collapse in home prices, and further dented by lack of consumer spending which accounts for 70% of the US economy, a Federal Reserve study showed.

    The Indian rupee fell after Standard & Poor’s warned the nation may lose its investment-grade credit rating. Slowing growth and political roadblocks threaten India’s BBB- rating, which is one level above junk, S&P said in a statement yesterday.

    This morning German Consumer Price index figures showed an on par with consensus figure -0.2% for May, however this was down from 0.2% seen in April but the markets remained steady.

    Overnight Japanese machinery orders for April shot up to 5.7%, way above the estimation of 2.1% and far better than the previous months figure of -2.8%

    Fairmont Heritage Place Announces New Luxury Residences in New Mexico

    150 150 Daniel Fountain

    Fairmont Heritage Place, the private residence club offering from Fairmont Hotels & Resorts, has announced that it has assumed management of The Residence Club at El Corazon de Santa Fe, Santa Fe’s only downtown fractional ownership property.Fairmont Heritage Place, El Corazon de Santa Fe features 22 two-bedroom vacation residences and 50 whole-ownership homes designed in the classic Pueblo Revival style that provide the ultimate in comfort and luxury. Located two blocks from the city’s historic Plaza, the property includes two residence options; the single floor “Terra” residences and the split-level “Montanas” residence. Both feature full kitchens with designer appliances, flat screen HD televisions in the living room and master bedroom, dining area, luxury bathroom amenities and products, kiva fireplaces and a private balcony or patio. The elegant vigas, clay plaster walls, art and iron work throughout the units display a warm sense of place. Recently, the property expanded its clubhouse and reception area, added a new owners’ fitness area and private owners’ park and refreshed various furnishings throughout the resort. In addition to these amenities, owners and guests will enjoy concierge services, discounts on fine dining, spas and golf in and around Santa Fe, and amenities such as pre-arrival grocery shopping.

    In addition, the property offers prospective homeowners and guests the unique opportunity to experience the Santa Fe residences on a limited basis by booking accommodations through Fairmont’s voice and online reservation channels.

    Enterprise & Regulatory Bill

    150 150 Daniel Fountain

    The Government has announced an increase in the scope of protection for Classic designs

    Under the new measures, certain ‘artistic’ designs of manufactured goods (for example certain furniture, lamps and jewellery) created prior to 1987 may now be protected from unauthorised copying under copyright law. ACID welcomes today’s improvement in copyright protection for classic designs protected under works of artistic craftsmanship from 25 years to the life of the originator plus 70, this is a significant development and it raises further awareness about the continuing value of iconic design. Design infringement of “Classics”, however, will still have to be enforced and so we are looking for these improvements to be matched with strong enforcement policy nationally and internationally.

    Dids Macdonald, ACID’s CEO said:

    “ACID’s consistent voice to Government for over a decade has been, “Why should an iconic furniture designer have fewer rights than an artist or songwriter?” Now this has finally been recognised but it is only the start of much needed IP reform, thus far neglected, according to the Hargreaves Review of IP. Raising awareness about the importance of the value of design to the UK economy is critically important so it is a step firmly in the right direction. However, a Government leading a highly successful design nation, should be the first, not one of the last to conform to EU law in extending the term of protection for copyright works of artistic craftsmanship. It is timely that we fall in line with the rest of Europe who, collectively, view design as a significantly more valuable national asset”.

    This improvement must not be confused with unregistered design rights protection which still only lasts for 3 years under EU law and for 15 in the UK (or 5 before a license of rights can be applied for and granted). Many of the UK’s incredibly talented 240,000 strong design army rely on unregistered design right and will not benefit from this change in the law. There is now an even wider gap in the scope of protection available for designers.

    Nick Kounoupias, Partner at ACID accredited law firm, DMH Stallard said:

    “Whilst we all welcome these proposals, they cannot be seen as a substitute to ensuring that 3-dimensional designs are given full parity of rights with the drawings and documents from which they are create”

    The fight continues for equality of rights for designers between design right and copyright!

    Rezidor opens the Radisson Blu Resort, Gran Canaria

    150 150 Daniel Fountain

    The Rezidor Hotel Group has opened their very first hotel on the Spanish holiday island of Gran Canaria: the Radisson Blu Resort, Gran Canaria featuring 189 rooms. It offers an outstanding waterfront location on the island’s south western coast, near the village of Arguineguín; ca. 40 minutes away from Las Palmas. Each of the spacious rooms and suites boasts its own private balcony with panoramic views of the Atlantic Ocean and breathtaking sunsets. With sleek marble flooring, stylish modern furniture and sumptuously comfortable bedding, every guest will enjoy an especially lavish island resort experience. Accessible rooms and amenities are also available. The interior design has been conceived and developed by Sias Contract, a prestigious Norwegian studio.

    “We have tried to escape from uniformity, creating different rooms and apartments which range from the most classical style to the most contemporaneous, with an atmosphere of controlled luxury”, says Cathrine Nordhus, who, together with Harry Ronneberg, has been responsible for the project. And she adds that “the Scandinavian design coexists with a tribute to light, colours and lifestyle of the Canary Islands”.

    Guests at the Radisson Blu Resort, Gran Canaria don’t have to leave the resort to sample some of the island’s best cuisine: Dining right by the ocean’s edge, the can choose from an appetizing array of local and international menus at “La Canaria” restaurant. The “Beach Bar” at the hotel’s outdoor pool serves light snacks, and the top floor terrace lounge offers stylish drinks.

    The exotic, beach-side grounds of the Radisson Blu Resort, Gran Canaria provide the perfect play-space for guests of all ages. The vast outdoor leisure area features a garden, a gift shop, a boutique, a supermarket, salt and freshwater swimming pools, and a kids club. The resort also offers visitors the chance to unwind with a range of indoor and outdoor sports facilities, including tennis courts, a paddleball court and a beach tennis/volleyball court. A full service spa featuring the famous treatments by Institute Guinot (Paris) and well-equipped fitness centre ensure that every aspect of guests’ total wellbeing is taken care of.

    The Radisson Blu Resort Gran Canaria comprises over 200 square meters of meeting space; distributed on 6 meeting rooms, all of which are equipped with the most modern technology to accommodate presentations and all kind of conferences.

    The 12th Candela Magazine sets trends and opens up new light dimensions

    150 150 Daniel Fountain

    Inspiration through extraordinary and impressive lighting projects – the 12th issue of Candela magazine from BAULMANN has just been released containing innovative and proven lighting designs for their customers. The most recent international and national lighting projects are presented as a highlight: the new luxury resort The Romanos & The Westin Resort on the Costa Navarino in Greece with its lighting design that captures the straightforwardness and atmospheric purity of the room. The boutique hotel Canal House in the heart of Amsterdam – this presents a lighting concept with a particularly contrasting effect.

    With its „LEDs Play Black Jack“ design, BAULMANN portrays the multifaceted and creative ways in which their light fixtures can be introduced in homes: new benchmarks are being set with this design in the new Casino Mainz. Two domestic hotel room concepts round off the project presentation: both 5 star hotels, the Hilton Mainz and the Hyatt in Köln achieved a modern, design-oriented, aesthetic look with their light fixtures from BAULMANN.

    In addition the Candela Magazine picks up on the expansion of BAULMANN’s range of high-efficiency LED luminaires and introduces these new, versatile lamps to its customers. These new products are setting the trend in the world of lighting technology with their superior style and purposeful effect.

    Your personal copy can be downloaded under www.baulmann.com

    IFX Market Report for 12/06/2012

    150 150 Daniel Fountain

    UK

    Sterling started off positively on the first day of trading this week, with the two key developments over the weekend seen as the primary driving force for the initial rally in risk correlated assets, with little data out yesterday the markets were driven by the weekend’s developments.Sterling recovered from its weekend losses against the euro to trade at the high of 1.2415 from the early morning low of 1.2285.

    Against the US Dollar the pound reached a morning high of 1.5581 but as the day progressed fell to the low of 1.5497 with an overnight low of 1.5462.

    Banks in the U.K. are in better shape than lenders in much of the rest of Europe and could be doing more to help the economy, Andrew Haldane senior Bank of England official was quoted as saying yesterday.

    ‘The Bank of England should purchase bundles of small business loans in an effort to boost the supply of credit and end an investors strike that is holding back the economy’, BOE policy member Adam Posen said yesterday. Posen said major central banks around the world should engage in a fresh round of stimulus and target their efforts at parts of their economies most in need of help.

    A survey of UK businesses says short-term business prospects have improved, with the consensus on current trading levels at a 12-month high. However the Eurozone crisis may harm longer-term growth, says the report by the Centre for Economic and Business Research.
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    WORLDWIDE

    The 100 billion euro rescue for Spain’s banks moved Italy back to the frontline of Europe’s debt crisis yesterday as an initial rally in the country’s bonds fizzled out on concern it may be the next to succumb to asking for bailout.

    Italy has 2 trillion euros of debt, more of a share of its economy than any developed nation other than Greece and Japan. The Italian Treasury has to sell more than 35 billion euros of bonds and bills per month, more than the annual output of each of the three smallest euro members, Cyprus, Estonia and Malta.

    The euro drifted lower during trading yesterday as cautious investors gave the Spanish bank recapitalization plan a luke warm reception, fretting about the forthcoming Greek election and continuing concerns over the way the Spanish deal is structured. The euro reversed all of the weekend’s gains against the dollar falling from the high of 1.2646 to end the session near the low of 1.2484.

    Skepticism quickly overpowered any euphoria stemming from the weekend’s news of Spain’s plans to secure a banking recapitalization from international creditors, as a rally in the euro and in Spanish government bonds reversed after just one morning session of trading. The bailout funds may provide the country with enough money to shore up its banking system after three failed attempts in as many years.

    The German government said Monday the aid request by Spain will send a positive signal to financial markets. “It is good that we know now that an aid request by Spain is on its way,” said Chancellor Angela Merkel.

    Rather than a euro failure, an orderly Greek exit from the currency has Nomura Holdings chief strategist Jens Nordvig predicting a stronger and more stable monetary union. While Societe General goes one step further and suggests that the entire euro might break up because of the cost of Greece’s departure, the nation accounts for just 2.3% of the 17-nation GDP. It also has 356 billion euros or 4.3% of the region’s total debt.

    In China exports rose to 15.3% in May and more than double the pace analysts estimated while industrial output and retail sales trailed forecasts, signalling that last week’s interest-rate cut was aimed at countering a domestic slowdown.

    In Japan the Yen’s gains faltered against its major counterparts after comments by the International Monetary Fund stoked speculation global policy makers will tolerate attempts by Japan to weaken its currency.

    Introducing Ecuador by Skopos

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    June will see the launch of a new upholstery collection from the Accents range by Skopos. Following the vibrancy of the Calle velvets launched by Skopos in May, Ecuador is a collection of textured weaves, delivering natural simplicity with tonal interest. This collection offers an extensive palette of 29 colours echoing nature and the tropics, with a rugged slub feel. Ecuador brings honest simplicity and interesting dimension to interior schemes and provides a much anticipated choice of interesting textural upholstery plains at a competitive price point.

    Both collections are flame retardant to Crib 5, offering 45,000 Martindale rubs in line with the requirements of the contract hotel and leisure sector. Available with small minimums and short lead-times, customer interest has been evident prior to the official June launch.

    Skopos is an ISO9001 accredited company and has over 30 year’s specialist experience in the design and manufacture of high performance FR contract fabrics for the hospitality sector.

    A clean sweep in hotel bathroom design

    150 150 Daniel Fountain

    The specification of sanitaryware and furniture for the bathroom is unquestionably a crucial element of the overall design of the space, not only in terms of its design and aesthetics to please the eye of the hotel guest, but also on a practical level to ensure that it works in terms of housekeeping too.By investing in a quality, trusted brand of sanitaryware hotels are not only investing in products that will meet the high expectations of their guests but also ensuring they are getting a durable product that will last the test of time.

    One of the main considerations in hotel bathrooms is ease of cleaning, something that is assured with Laufen’s award-winning surface finish LCC (Laufen Clean Coat). This innovative finish seals even the tiniest pores of the ceramic glaze, making it hygienic and extremely easy to clean.

    Laufen also offers a simple ceramic shelf to co-ordinate with many of its sanitaryware ranges, including its news Palace and Living Square washbasins which have been designed specifically with the hotel bathroom in mind. The ceramic shelf sits below the basin, providing handy open storage for towels and toiletries while being easy to wipe clean.

    “Hotel bathrooms can be fairly typical in their design, whereas our products combine innovation and creativity,” comments Laufen’s Manager for Global Projects Ilker Hussein. “Take, for example, the basin area. Typically you will find a countertop or inset basin with a granite worktop. Laufen’s long basins enable the designer to create a far less commercial feel and something much more akin to what guests would choose for the bathroom in their own home. These basins give an airy feel to the space, with a bowl area and adjoining draining space eradicating the need for the granite top. A matching ceramic shelf below the basin completes the look while the entire space is kept minimal and easy to wipe clean with a simple flick of a cloth.”

    For more information on Laufen products for hotel bathroom design contact Ilker Hussein at

    il***********@la****.ch











    RBG Bar & Grill, Offering the Thrill of the Grill, Opens In the Radisson Hotel Seattle Airport

    150 150 Daniel Fountain

    Radisson Hotel Seattle Airport has recently announced the opening of its new restaurant, RBG, a bar-and-grill in an inviting, contemporary setting featuring a great tasting, healthy range of menu options – many served sizzling from its signature grill – with an added choice of local Washington specialties. The menu features a selection of creatively presented local specialties, like pristine Pacific seafood, including wild salmon, line-caught halibut, Dungeness crab meat and carefully sourced produce. RBG also promises the best hamburger in town, made from freshly ground 100% American Black Angus beef, a soft toasted brioche bun, garnished with a variety of flavours and served with RBG’s trademark truffle-parmesan shoestring potatoes. The homemade desserts will be changed seasonally to combine traditional flavours with locally produced apples, nuts or ice creams.

    A Northwest native, Executive Chef Cedar Martin grew up on the Olympic Peninsula in the quaint town of Lake Quinault, considered by many to be one of the state’s most breathtaking locales. Chef Cedar is excited to return to the Seattle area and incorporate his natural talent for creating true Northwest cuisine at the 80-seat RBG.

    All draft beers come from local micro breweries and the wine list is comprised of Washington produced wines like Canoe Ridge Chardonnay, from the world-renowned Chateau St. Michelle winery, delivering crisp apple and white grapefruit aromas and flavours with a clean, refreshing finish.

    The 204-room Radisson Hotel Seattle Airport is the ideal headquarters for enjoying everything the beautiful Northwest region has to offer. Located directly across from Seattle-Tacoma International Airport, the hotel is only minutes from the business centres, Boeing Field, corporate offices, shopping and entertainment of the Seattle Metropolitan area.

    IFX Market Report for 11/06/2012

    150 150 Daniel Fountain

    UK

    GBPEUR traded within a tight 44 pip range on Friday with a high of 1.2389 and a low of 1.2345, the weekend’s trading has been mostly downward for this pair with the euro gaining around a cent to trade as low as 1.2251, sterling has recovered slightly to trade this morning around 1.2309. With two strong sets of resistance just over 1.24, it is more likely we will see a further test of technical support at 1.2301 especially given the increase in confidence coming out of Europe this weekend.GBPUSD steadily lost ground through Friday’s session, opening at the high of 1.5524 and closing near the low of 1.5405. Sterling has recovered slightly over the weekend and this morning markets have opened around 1.5539 after the weekends low 1.5460. Key resistance to break on USD is at 1.5630, just above the highest rate of last week which was 1.5599.

    Britons expect the annual rate of inflation to rise in the coming years and stay firmly above the Bank of England’s 2% target a survey showed Friday.

    The BoE approval rating among Britons fell back in May to near its lowest on record since the survey began in 2001. The public’s “net satisfaction” with the way the BOE is doing its job to set interest rates and control inflation fell to a balance of +11 in May from +20 in the last quarterly poll in February.

    Chancellor of the Exchequer George Osborne said yesterday that the UK recovery is being “killed off” by the euro zone’s deepening crisis and the UK economy faces “huge”risks from a disorderly breakup of the region.
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    WORLDWIDE

    Once again we have seen an extremely volatile weekend in the currency markets. The euro is off to a great start this week, up almost 1% against the US Dollar and sterling following news yesterday that the Spanish banking sector has effectively rubber stamped a capital injection of up to €100 bn. After a hastily organised video conference, lasting more than two hours on Sunday, the 17 euro zone finance ministers issued a statement saying they were “willing to respond favourably” to a Spanish plea for help. The Spanish stock market responded favourably with Government owned Bankia gaining 16%.

    EURUSD opened at the session high of 1.2571 and fell steadily through the course of the session on Friday. Despite a small, late recovery from the 1.2437 low the pair closed at 1.2487. During the weekend, at the same time as the euro gained versus sterling, we saw an identical strengthening against the US Dollar to move up over a cent in a few minutes to trade at 1.2665. This morning the session has opened around 1.2618. The gap from lower support to top resistance in this pair has extended to nearly four cents now, suggesting we could see plenty of volatilty in the coming sessions.

    It seems that the euro’s troubles may only be off the agenda for a short while though. With the Greek elections due on Sunday, we can expect further insight this week as and when polls are released. Renewed discussions of a Greek exit from the euro have been triggered by a crisis in the country’s energy system which has managed to develop a €350m hole in the pockets of power grid operator LAGHE.

    Risk trades are sharply higher at the weekly opening, as the market focuses on positive signals from the weekend’s Chinese data. China’s trade balance witnessed an unexpected surplus in May, where Exports, Imports and trade balance exceeded estimates.

    The French economy will contract in Q1 this year for the first time since 2009. GDP in the euro zone’s second largest economy, will contract 0.1% in Q2, this comes a day after France’s unemployment rate reached 10% .

    On Friday, German exports and imports both fell in April from an all-time high in March. Exports fell 1.7% on the month in April to €90bn, after rising for three months in a row. The decline in imports outpaced this with a 4.8% fall on the month to €73.9bn.

    The US trade deficit narrowed 4.9% in April, a sharp pullback in imports and exports to the euro zone suggested the region’s troubles are increasingly affecting the US economy.

    Also on Friday, Canadian unemployment rate met forecast and remained unchanged at 7.3% in May.

    DoubleTree by Hilton Debuts in Okinawa, Japan

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    Hilton Worldwide has opened the DoubleTree by Hilton Naha in Okinawa, Japan – the tenth Hilton Worldwide hotel in Japan and the first in the fast-growing, upscale DoubleTree by Hilton brand portfolio. Located in Naha, the capital city of Okinawa, the 227-room hotel is directly opposite the Okinawa Monorail station in Asahibashi, 11 minutes away from Naha Airport by monorail and 500 metres away from the local ferry terminal.”DoubleTree by Hilton is delighted to continue the expansion of our Asia Pacific presence by introducing another rewarding hotel experience with the DoubleTree by Hilton Naha. This new addition is our first in Japan and an extraordinary milestone for our brand’s global growth. It continues our growth strategy to provide outstanding hotel offerings in gateway countries and cities around the world,” said Rob Palleschi, global head, DoubleTree by Hilton.

    “We are thrilled at the opening of the DoubleTree by Hilton Naha. With close to 50 years of proud history in Japan, this latest opening is our tenth and further reinforces Hilton Worldwide’s commitment to growth in this wonderful country with our diverse and outstanding portfolio of hospitality brands that includes DoubleTree by Hilton,” said Martin Rinck, president, Asia Pacific, Hilton Worldwide. “The DoubleTree by Hilton, Naha will contribute to making Okinawa a great place to visit for business and pleasure.”

    Located along Higashimachi, DoubleTree by Hilton Naha is just one kilometre from Kokusai Dori, the premier shopping district in Naha, and various Okinawa government and business centres such as Okinawa City Hall, Tax Bureau, Commerce Authority and the Electricity Supply Bureau. The Shuri Castle, formerly a royal palace during the time of the Ryuku Kingdom and presently a world heritage site, is five kilometres away.

    The 12-story DoubleTree by Hilton Naha will offer a 40 square-metre meeting room, a salon, a laundry and car parking facilities. Guests can also enjoy their meals at The Riverside Restaurant and Cafe, the hotel’s all-day dining outlet serving an international cuisine.

    ESTATE Ultra Bar in Chicago No Longer Has That Sinking Feeling

    150 150 Daniel Fountain

    The ESTATE Ultra Bar in Chicago, which opened over leap day this year, has undergone a $3 million dollar renovation of the previous space – which was literally falling into the river when acquired. After spending $1.4 million to rebuild the river side structure, whose foundation was sinking into the river, ESTATE put an additional $1.7 million into the space to make it what it is today – Chicago’s newest sleek lounge/restaurant that boasts Chicago’s largest rooftop, and river side skyline views.

    The ESATE team tapped D+K Architects to carry out the construction, rebuild the structure including the ceiling where 10 ton hydraulic jacks held the existing ceiling up as the new structure was put in. Additionally brand new plumbing and electrical had to be installed. Before we even go to that point, days were spent demo’ing and removing 24 dumpsters worth of the old venue. This is all before even getting to the design and aesthetics of ESTATE.

    The design concept was based off trips to the West Coast the owners had taken a few years ago. After seeing the success of venues in LA such as MyHouse, Playhouse, Villa and Green Door, they knew Chicago needed something similar. They liked the idea of guests feeling at home – with this information and the layout of the building, D+K was able to come up with a design with several rooms, mimicking a house, or an estate in our case. Each room has its own name and theme, with decor to match -The Atrium, Front Room, Living Room, Dining Room and Trophy Room. The exterior spaces are the Terrace, Boat Dock, Gazebo, and Sky Deck.

    In A UK First – Travelodge Opens Its 508th Hotel with Topshop

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    Edinburgh’s largest hotelier Travelodge is delighted to announce the opening of its 13th hotel in the city with Arcadia Group Ltd – the UK’s largest privately owned clothing retailer.

    In a UK first, Travelodge has opened a 96-room Travelodge hotel above Edinburgh’s largest Topshop store in the city’s prestigious retail heartland, Princes Street. The four storey hotel which represents an investment of £10 million has been built in Scotland’s very first steel frame grade ll listed building. In addition to this hotel, Travelodge has also opened an 85-room hotel in a grade ll listed property on Queens Street. This development represents an £8.5 investment and has been built in line with the Company’s ‘Metro’ style hotel model. Both investments have created 40 new jobs within the Edinburgh community.

    Travelodge’s Managing Director, Paul Harvey was joined by Malcolm Roughead OBE, Chief Executive of Visit Scotland to officially open both hotels.

    Paul Harvey, Travelodge, Managing Director said: “As Edinburgh largest retailer we are delighted to be opening a further two new hotels in the city centre. Since 2008, we have invested £64 million into Edinburgh and today we have 13 great hotels across the city. By offering rooms from £19 we are making Scotland’s capital more accessible to business and leisure customers.”

    “With over 16 million people annually visiting Scotland, the need for good quality low cost accommodation is in great demand and our objective now is to grow our properties in other key areas across Scotland. To fulfil this need we are working with our retained property agents Sandy Cameron & Co to find new sites.

    “This autumn we are opening a 60-room hotel in Fort William and I am delighted to announce that we have just exchanged on a new property in Glasgow city centre.”

    Malcolm Roughead, Chief Executive of VisitScotland, said: “Investment in Scotland’s tourism industry is key to Scotland’s future. There are almost £2 billion worth of projects underway to improve tourism infrastructure across the country and Travelodge’s investment is another welcome addition to this. Edinburgh continues to be one of the jewels in the crown for Scottish tourism and the opening of another two hotels is testament to the city’s eternal appeal.”

    RIBA encourages architects to apply for R&D tax credits

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    The Royal Institute of British Architects (RIBA) has today (Thursday 31 May) published free guidance for architects on the tax credits that are available for Research & Development (R&D). ‘UK Research and Development Tax Credit Scheme – a guide for architects’ has been published in response to Institute concerns that architects may be unaware they are missing out on thousands of pounds in tax credits for their R&D work.The R&D tax credit scheme has paid out nearly £6 billion in tax relief to some 24,000 companies since its introduction in 2000. Recent changes to the regulations mean that small and medium-sized enterprises (SMEs) could see a return of up to £25 for each £100 spent on R&D on or after 1 April 2012. The average claim for SMEs was £40,000 in 2008-9, rising to an average of £82,000 for those who had claimed regularly in the past.

    The RIBA guide, written by consultants Capita Symonds, emphasises that many architects who carry out research and development work on an informal basis or as part of a fee-paid job may not realise that they are able to claim relief on corporation tax.

    RIBA Head of Technical Research, Anne Dye said:

    “It is important that architects realise that work which is part of their day-to-day activities could actually fall under the heading of R&D for tax purposes. This guide encourages more architects to explore the possibility of claiming tax credits.”

    Chair of the RIBA Research and Innovation Group Professor, Murray Fraser said:

    “British architecture depends on investment in R&D to keep it at the forefront of the profession worldwide. In the current climate, support for practices who undertake R&D is more important than ever, as are initiatives which attract more architects to the tax credits scheme.”

    Accor celebrates its 500th hotel in Asia Pacific with the opening of the 1st Pullman in India

    150 150 Daniel Fountain

    Accor reaffirms its position as largest international hotel operator in Asia-Pacific with the opening of the Pullman Gurgaon Central Park, the Group’s 500th hotel in the region. The announcement also marks the debut of the upscale Pullman brand in India.Pullman continues to expand its network in prime business and tourism destinations

    The Pullman Gurgaon Central Park, which opened in April 2012, is destined to become New Delhi’s major financial and industrial region’s “must stay” destination.

    The hotel, which is designed to welcome seasoned travellers, has 285 rooms, including 22 suites as well as Pullman’s best signature services: Welcomers, the Pullman bed, the docking station, the Vinoteca by Pullman wine selection, free Wi-Fi, Connectivity Lounge, Nespresso® services and the Co-Meeting offer. Its outdoor pool, spa, fitness room and yoga lessons allow guests to combine business with relaxation.

    With this first address in India, Accor’s upscale international brand continues to expand its network in key business and tourism destinations, reflecting Pullman’s cosmopolitan, vibrant and modern personality.

    Cosmopolitan flavours

    The establishment has three restaurants to meet the expectations of both its international and local customers:
    • SEN5ES serves international cuisine and offers guests an interactive experience with the food prepared live by cooks in front of them.
    • The very urban LA RIVIERA draws its inspiration from Mediterranean French and Italian cuisine. Guests can also enjoy the Vinoteca by Pullman selection of great wines.
    • PONDICHERY (opening end 2012), the rooftop restaurant, serves creole Southern Indian classics with a European twist.

    As well as these three restaurants, the hotel has two bars:
    • CITRIQUE offers guests an intimate and refined atmosphere ideal for business meetings or relaxing with friends.
    • The TIKI poolside bar serves grilled food and tapas in a casual, Polynesian setting.

    The Pullman Co-Meeting offer: a unique concept for business events

    Like all 65 Pullman addresses around the world, the Pullman Gurgaon Central Park offers the Pullman Co-Meeting concept that focuses on the themes of comfort, commitment, connectivity and cohesion.

    The hotel offers a wide choice of indoor and outdoor meeting facilities, including nine rooms that together represent over 5,000 sq. meters, as well as a ballroom that boasts an eight meter high ceiling and opens out onto landscaped gardens. All the spaces are equipped with the latest technologies: high speed Wi-Fi, wide screen LCD TVs, teleconference services. The 3D Meeting Matrix® solution allows event organizers to personalize and visualize the meeting spaces online. The hotel’s Privilege Lounge is ideal for exceptional events, as well as the establishment’s terrace with a view of the city of Gurgaon. Lastly, the offer also includes the signature Pullman Chill-Out and Pullman Connectivity Lounge spaces.

    IFX Market Report for 08/06/2012

    150 150 Daniel Fountain

    UK

    The pound rose to a one-week high against the US dollar as the Bank of England kept its asset-buying program and benchmark interest rate unchanged. The BOE kept its QE on hold at £325bn on Thursday, sparking a wave of out-performance in sterling and invalidating speculation that the central bank would take a more dovish stance. The panel led by Governor Mervyn King also decided to hold the key interest rate at 0.50%. The current rate is the lowest since the central bank was established in 1694. Further QE is not out the window for the foreseeable future. The BoE’s most recent monthly inflation report said “the possibility that the substantial challenges within the Eurozone area will lead to significant economic and financial disruption continues to pose the greatest threat to the UK recovery.”

    GBPEUR advanced to a high of 1.2398 from morning lows of 1.2298. With a number of clear breaks below the support level of 1.2350 technical indicators suggest a move lower to be possible. Headline risks however remain the key market mover meaning any more negative headlines could see us move back towards GBPEUR 1.25. The pound has advanced 3.3% against the euro in the past three months reaching 1.2577 on May 16, the strongest level since November 2008.

    GBPUSD advanced 0.5% to $1.5601, the highest since May 30. While the lack of QE helped, the day high actually came after China surprised the markets by cutting borrowing costs by 25bps in a bid to boost growth. Technical’ s suggest the pair is oversold, look for a close above 1.56 to confirm a short-term corrective bounce into the 1.5600-1.5800 area.
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    WORLDWIDE

    In late afternoon ratings agency Fitch downgraded Spain’s credit rating to BBB from A with outlook negative. This was closely followed by EU’S Junker comments of “ the Eurozone must integrate more to stem the debt crisis, our region faces crucial days and weeks ahead”.

    Meanwhile Spain’s bond auction was oversubscribed yesterday, which means that the country’s fiscal problems have not deterred investors seeking a higher yield.

    German Chancellor Angela Merkel said yesterday that there is no quick fix for the Eurozone debt crisis and that it will take years to repair Europe’s monetary union. “It is human to think there could be a single blast to clear the path and then the euro crisis will be over, but I don’t think that will work,”.

    China cut interest rates for the first time since 2008. The People’s Bank of China reduced the rate by a quarter point to 6.31%, effective from June 8. The deposit rate was lowered to 3.25% from 3.5%. The decision to cut interest rates by 25 basis points was quite unexpected and revives some hopes of fresh stimulus measures in Europe and the United States.
    The Australian and Canadian Dollar benefited most from the Chinese rate cut moving to day, week and month highs against the euro, US dollar and Japanese Yen.

    The US economic recovery faces significant risks, including from the European sovereign debt crisis and uncertain US fiscal policy, Federal Reserve Chairman Ben Bernanke said in testimony prepared for a congressional hearing Thursday.

    EURUSD rallied to a 10-day high of 1.2625. However, later on in the trading day and following Ben Bernanke’s perceived positive comments the USD regained strength pushing the rate down to 1.2539. As with Cable this pair could well benefit from a corrective bounce. Assuming no negative headlines affect risk appetite (which is a big ask) look for a break of 1.2630 as key resistance.

    New claims for unemployment benefits in the US fell slightly more than expected for the week ending June 2, according to figures released yesterday by the Labour Department. New figures put the level of initial jobless claims at 377,000 for the week, on a seasonally adjusted basis, a drop of 12,000 from the previous week’s revised level of 389,000.

    Investment Sentiment Strengthens in Europe Despite Uncertainty

    150 150 Daniel Fountain

    According to Jones Lang LaSalle Hotels’ latest Hotel Investor Sentiment Survey, investment sentiment for hotel assets has strengthened across EMEA with yield and IRR requirements hardening when compared to October 2011. In EMEA, yield requirements decreased by 40 basis points to 7%and leveraged IRR requirements fell by 100 basis points to 15.4%.Jon Hubbard, CEO Northern Europe Jones Lang LaSalle Hotels said: “Despite the on-going sovereign debt crisis, economic contraction in many EU countries and instability in the European banking system, recent indicators suggests that confidence in the hotel real estate sector has improved since October 2011. London, Paris, Munich and Stockholm are positioned as some of the most stable European hotel markets reflected by their low yield requirements and they continue to attract a substantial amount of investor interest.”

    Of the 37 cities tracked, 17 (46%) are expected to show trading performance growth in the short term (6 months), a figure which increases to 31 cities (84%) when medium term performance over the next two years is considered. In anticipation of the upcoming Olympic Games during July and August 2012, London is the highest ranked market for short term trading. However, sentiment for medium term trading has softened as the high demand of the Olympic Games period is not expected to be sustained, while hotel supply continues to grow.

    Trading expectations for Central and Eastern Europe are positive and strengthened compared to the previous survey. Warsaw posted one of the highest RevPAR growth rates in Europe in 2011 and the outlook for 2012 is promising, in light of the EURO 2012 Football Championship and another year of buoyant economic growth expected for Poland.

    In terms of investor intentions, buy intentions remain strong at 42.6 percent, in line with a dynamic hotel investment market in the first quarter of 2012 and exhibit continued investor interest for prime hotel markets in EMEA. Unsurprisingly, build intentions were low throughout EMEA given that debt for new developments remains scarce, although results indicate some pockets of opportunity in CEE and the Middle East. Results were comparatively high for CEE (20.2%) with development opportunities in Warsaw (23.1%) and Zagreb (23.5%). Istanbul, at 23.8%, reported one of the highest results and underpins the development potential for this growing tourism market.

    Looking towards the Middle East and Africa (MENA), investor sentiment for short term trading was negative, although expectations have improved since the last survey. Despite this, investors are confident that trading in Dubai will continue to improve in the short and medium term. The city has seen a significant growth in tourism arrivals while hotels reported strong performance results in 2011 and Q1 2012.

    Overall, many markets in MENA have stabilized since the Arab Spring although the region remains volatile. In the near future, however, investors believe that conditions will improve and that hoteliers can expect to see an up lift in trading performance.

    Christoph Härle, CEO Continental Europe Jones Lang LaSalle Hotels concluded: “According to investors perceptions, yield requirements are likely to increase over the next six months for EMEA markets where conditions remain difficult in light of tight debt markets and weak economic conditions. However, there are a number of key markets in Europe, such as London, Paris and Munich, where we see continued downward pressure on yields. With expectations close to the 2007 sentiment in some key hotel markets and perceived strong underlying economies, we witness a “flight to security”. However, the European debt crisis seems to be becoming of greater concern. Given the volatility of the current economic climate, we expect a widening range of yield expectations and investors interest depending on local economies and individual hotel markets.

    Softly Textured Plain Weave Linen from Volga Linen

    150 150 Daniel Fountain

    Volga Linen are pleased to introduce plain weave linen in a refined pallet of natural colours.

    Perfect for curtains, blinds, loose covers, cushion covers and lampshades.For other products in 2012 catalogue, click here.

    PLEASE CONTACT US:
    0844 4991608
    London Shop:
    17 Langton Street, SW10 0JL
    Tel: 0207 3525616

    PTT Design Seating Collection

    150 150 Daniel Fountain

    With the forthcoming launch of our exciting new Seating Collection we thought you would like to see a taster of things to come. The official launch will be confirmed in due course, with our new seating binder available to pre-order from June. If you would like to reserve your copy please contact Ptt Design, as there has been a huge amount of interest already. We would love to see you at this year’s Sleep event, where Ptt Design will showcase some of our key seating pieces. This will be in addition to our vast bedroom case goods collection, which we have manufactured and installed over the last 25 years to some of the most discerning clients.

    The seating images here are from the recently completed Sheraton Hotel, London Heathrow, where Ptt Design manufactured and supplied bespoke seating for the public areas, restaurant, bars and communal areas.

    Coming soon: project images from the Corinthia London, Intercontinental on Park Lane London, Waldorf London.

    If you would like further information on any Ptt Design products or services then please feel free to contact us, we will be happy to assist.

    Comfort Brands To Open First Hotel to Feature New Truly Yours Design

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    At its franchisor’s 58th Annual Convention in Las Vegas, it was announced that the first-ever Comfort hotel to feature the brand’s entirely new design package is scheduled to open next month — the Comfort Inn & Suites hotel of Spokane Valley, Wash. As the first hotel to boast the new Comfort design, the recently-converted Spokane Valley Comfort Inn & Suites hotel replaced all of its existing furniture, fixtures, and equipment to incorporate the new Comfort Truly Yours prototype design package. After announcing a completely new design for the Comfort Inn and Comfort Suites brands at last year’s convention and an aggressive new Redefined & Redesigned strategy for the Comfort brand franchise family this past January, it’s time to check-in on the Comfort brand’s strong momentum. The new Truly Yours Comfort hotel prototype was designed using feedback from more than 1,500 guests, which showed that overall intent to stay nearly doubled for consumers in response to the new Comfort Inn and Comfort Suites designs* and that guests are willing to pay significantly more on average per night compared to the current design.** More than 100 Comfort properties have already began implementing elements from the new design package.

    Also announced at this year’s Convention is the rollout of the Comfort “Your First Impression” brand program. This program will take the guest’s first impression to a new level, including new signature front desk experiences and new uniforms at every domestic franchised Comfort location within 2012—that’s more than 2,000 new front desk areas and more than 40,000 hotel employees sporting upgraded new uniforms by the end of this year. The front desk experience for guests will feature a redesigned “welcome wall” incorporating a reception desk and stone backdrop with soft integrated lighting.

    The Your First Impression program is part of the brand family’s overarching strategy to refresh and redefine, including removing hotels that do not meet guest satisfaction standards, refreshing existing hotels, and adding new construction prototypical hotels—all scheduled to be complete by 2015.

    Comfort Suites continues its plan to appeal to the tech-savvy business traveller with the Your Suite Success program. The Your Suite Success in-room recharge station will be a featured amenity at every location by June 1st, supplying convenient access to outlets and USB ports in more than 47,000 rooms. In addition, Comfort Suites hotels are upgrading fitness centres and adding items for sale that are popular with business travellers.

    *Source: Element Market Research, Inc., Choice Hotels International Comfort Inn Design Test, January 2010. Respondents indicated that they would be likely to stay at a Comfort Inn with the Truly Yours design (75%) than the current design (40%) and to give the Truly Yours design high ratings (top-three box scores) on the brand positioning attributes.

    **Source: Element Market Research, Inc., Choice Hotels International Comfort Inn Design Test, January 2010. Design test found that respondents expect to pay an average nightly rate of $93 for the Truly Yours design vs. $77 for the current design.

    SOURCE Choice Hotels International, Inc.

    Boutique hotel industry centres on London for Boutique Hotel Summit

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    Europe’s only b2b conference for the boutique and lifestyle hotels sectors attracts more than 220 international attendees.

    The boutique hotel industry descended on London in the latter part of May for the second staging of the Boutique Hotel Summit, Europe’s only b2b conference for the boutique and lifestyle hotels sectors.Held at Altitude London, on the banks of the Thames, the conference attracted more than 220 attendees from as far afield as Beirut, Dubai, Ghana, Sweden, Malta, Italy, France, the US, the Caribbean, Spain and Ireland.

    A comprehensive seminar agenda featured sessions on marketing, finance, technology, art & design, sustainability, food & beverage, and much more. And a myriad of networking opportunities included a “speed dating” business card swap, cocktail reception and hotel tour.

    Event organiser Piers Brown said: “We’ve been delighted with the way Boutique Hotel Summit has grown and developed from last year. Attendance was up by around 50 per cent, we had a terrific list of speakers and the networking sessions really brought people together. A big thank you to all our sponsors, speakers and delegates for making the event possible.”

    “A very encouraging development has been the buzz the event has created on Twitter. Many of our delegates were tweeting during the event, and their output has been the basis of a lively worldwide discussion online,” added Brown.

    For more information about the event visit www.boutiquehotelsummit.com or join the conversation on Twitter #BoHoSummit

    Delegate feedback

    “The standard of the speakers has been excellent and all the content has been relevant and inspiring to boutique hotels.” Heidi Fitzpatrick, marketing executive, The Hotel and Extreme Academy, Watergate Bay

    “Worth flying over from Malta for!” Louise Pullicino, group business development manager, Xara Palace Relais & Chateaux

    “Fantastic networking opportunity with some of the world’s most influential hoteliers and professionals within the hotel industry.” Angela Dingle, creative director, Hughan Design

    “A good networking opportunity with quality speakers.” Mark Skinner, partner, The Highland Group

    IFX Market Report for 07/06/2012

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    UK

    As reported yesterday, UK Construction PMI was released, the slightly better than expected figure still revealed a fall from last month but despite being the lowest figure for 3 months the pound enjoyed early session gains. After 2 days of range bound consolidation, GBPUSD finally gathered steam and pushed decisively above the 1.5400/10 resistance area from a low of 1.5376 to reach a 6-day high of 1.5515 amid improved market sentiment, but retreated to levels sub 1.5500 as the dollar started to gain traction as the US markets opened.

    GBPEUR hit a high of 1.2419 but fell sharply in the afternoon dropping to a low of 1.2322. The fall against the euro has continued overnight as GBPEUR hovers just above 1.23. The next support level to watch is 1.2285 to judge the decline.

    The recent aggravation of the EU debt crisis might push the Bank of England towards an expansion of its asset purchase program later today. City analysts have said the decision is far from certain but remains a distinct possibility. As far as BoE’s interest rates are concerned any cuts are unlikely but could happen in co-ordinated action with other central banks.

    UK Halifax House Prices for May came in this morning at 0.5%m/m and -0.1% y/y versus expectations of -2.4%m/m and -0.5%y/y
    PMI Construction data released this morning beat expectations at 53.3 matching last month’s figure.
    ________________________________________

    WORLDWIDE

    The highlight of yesterday was the ECB verdict to keep interest rates on hold at 1.00%, although there was speculation for a 25bp, EURUSD was unmoved on the back of this release suggesting a cut was not priced in.

    In his press conference afterwards ECB President Draghi remained objective. He noted that Eurozone growth remains weak and that the economic outlook is subject to downside risks. He also said that market tensions and unemployment will weigh on the Eurozone economy.

    President Draghi’s two key comments – that the ECB is watching data closely and is prepared to act, and that a few council members called for a rate cut – suggest that another round of easing or at least some new measures could be introduced if market conditions deteriorate.

    After initially falling to 1.2456, EURUSD rose during the press conference to hit a high of 1.2570 as the European markets closed. Overnight the gains continued, briefly touching 1.2583. The pair currently sits at 1.2550 and the 1.2625 is eyed as the next key resistance level.

    German Industrial Production fell in April by 0.7%, in comparison with the 1.4% rise registered in March. On a monthly basis German Industrial Production decreased in April by 2.2%, following 2.2% growth in March. This reading is lower than the expected 1% drop.

    Germany has remained the region’s strongest economy since the onset of the crisis, recently posting Q1 economic growth of 0.5% which helped the Eurozone avoid recession. Wednesday’s data increased fears that that economic woes will catch up with Germany, which has thus far benefitted from low unemployment and increased exports to emerging markets.

    IMF estimates that Spanish banking sector needs at least EUR 40bln in new capita – all eyes will be on the Spanish 10-year bond auction today
    Yesterday the Fed published an updated edition of the Beige Book, which is released in conjunction with Fed’s monetary policy meetings. The report showed a slightly more positive image of the US economy. This somewhat optimistic tone suggests a new round of QE seems to be somewhat premature. US QE is a key catalyst for USD weakness so providing Ben Bernanke doesn’t elude to anything in today’s speech, yesterday’s data could support the US currency for the time being
    Better growth numbers from Australia, stronger equities and rising commodity prices have all supported the AUD, and the CAD this week as they continue to extend a respective 2.7% and 1.2% move against sterling. Against the US dollar, AUD has moved from 0.9775 to 0.9990.

    With the aggressive decline in growth-sensitive markets since the beginning of May, expectations for a stimulus response from the ‘financial stability guard’ (Fed, ECB, PBoC, etc) have risen sharply, however to date this week official comments contradict this rehetoric.

    Accor goes to 6th Place in the World Ranking Following the Sale of Motel 6

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    Fifth largest hotel group in the world with 531,714 rooms as of 1 January 2012 for over 4,400 hotels in the world, Accor is going to lose almost 1,102 hotels and 107,000 rooms once the sale of Motel 6 and Studio 6 is finalized later this year. By removing these two brands from their network, Accor slides back a notch behind Choice Hotels International (taking into account their figures as of 1/1/2012).The structure of the American hotel market makes the situation for economy brands more difficult during a period of crisis. During the phases where hotels lower their prices, the important size of the mid and upper-range sector, compared to the lower range sector, makes the latter lose market shares that are hard to get back. Contrary to Europe, the economy sector is the base that plays a role in easing the cycle.

    Accor group remains largely on top of the podium in Europe, Latin America, and Asia pacific. The scheduled development (40,000 rooms/year) and the pipeline already set up are focused on both “continents”: Asia Pacific and Latin America, where the group wants to improve even further its positions. In Europe, even if the rhythm is slowing down, growth needs to be secured by an extra effort from franchising within economy brands. This is the reason why there is such a strong communication campaign for the Ibis “Super brand”.

    Now that the group is totally out of debt, and a “money-arsenal” immediately available, Denis Hennequin hasn’t given up on other external development campaigns, like Mirvac in Australia, to reach the Group’s announced objective, which is to be one of the top-three hotel groups in the world.

    As it is already a shareholder of many hotel groups (Hilton Worldwide, La Quinta, Simply Hotels (formerly known as Mister Bed)), through the acquisition of Motel-6/Studio6, Blackstone becomes the largest hotel owner in the world with direct control of over 850,000 rooms across the world.

    Is This The Most Unusual Hotel In The World?

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    Spitbank Fort is an unusual and historic sea fortress in the Solent, off Portsmouth. Now a luxury exclusive venue and hotel, the fort was formerly home to hundreds of soldiers guarding the approaches to Portsmouth. The arms and ammunition have long been removed, making way for nine luxuriously furnished bedroom suites, three bars, three restaurant areas, and spa facilities.The designers at Clarenco chose Frank Hudson furniture to blend in with the luxurious and exclusive surroundings. The Frank Hudson Safari, Vermont and Alexandria collections were used.

    If it is a retreat from the world that you need, this could be the place for you.

    To find out how Frank Hudson can help with your project Contact Keith Clarke TODAY
    07738 540287 / 01494 522011


    ke***@fr*********.com











    Soft furnishings supplied by CD Curtain Contracts

    IFX Market Report for 06/06/2012

    150 150 Daniel Fountain

    UK

    With the Queen’s Diamond Jubilee celebrations and 4 day weekend, UK data has been pretty thin on the ground this over the last few days. The big news this week from the UK comes on Thursday with the BoE interest rate decision.Some economists now predict that the BoE will launch a new £50bn round of quantitative easing, and there is mounting speculation that the interest rate, already at a record low of 0.5%, could be cut further. BoE’s Posen, who surprisingly dropped his call for more QE in April, is expected to change his vote back and there is an outside chance that fellow members Bean and Weale will also push for more QE.

    Against the US dollar, sterling has remained in a tight trading range due to the extended weekend. The dollar strengthened and GBPUSD fell to around $1.5370 on Tuesday before sterling regained losses this morning to trade at 1.5430.

    In the build-up to the ECB rate decision sterling had weakened to a 1 month low against the euro, breaking through various support levels on its way to a low of 1.2292 suggesting the trend of the last few weeks had finally reversed. The pound has picked up slightly and is now over 1.2360 again.

    In data released this morning, UK PMI construction figures were slightly better than expected. The posted figure of 54.4, beat expectations of 54.2, but fell a long way short of last month’s 55.8.
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    WORLDWIDE

    The US dollar strengthened against its major competitors on Tuesday, on the news that the G7 held an emergency meeting to discuss the European debt crisis. Some weaker than expected economic results from the Eurozone and the better than expected US non-manufacturing data also contributed to the currency’s gains.
    Against the euro, the US dollar strengthened, EURUSD fell to a low not seen since June 2010 of 1.2322 on Friday, however Monday saw it move back above 1.25 to reach a one week high, currently it is trading at 1.2502.

    Today is the release of the ECB‘s interest rate decision, its board is expected by some to consider a cut to interest rates. Some analysts see any decision to leave the key lending rate unchanged at 1% as a signal that a 0.25% cut may be on the cards for next month.

    Ahead of a planned trip to the markets by Spain today, their budget minister admitted the cost of borrowing had effectively shut the country out of the markets. Prime minister Mariano Rajoy had been insisting it wants EU money to fund its banks without conditions being placed on the government and a Troika review every three months.

    Japanese Finance Minister Jun Azumi stated during a teleconference that the G7 has agreed to cooperate to deal with the troubling situation in the Eurozone, namely in Greece and Spain. The possibility of a Greek exit from the Eurozone was not discussed at the emergency meeting. The G7 meeting today will be followed by a summit of leaders from the Group of 20 nations in Mexico on June 18-19.

    Activity in the US service sector grew at a slightly faster rate in the month of May. The ISM said its non-manufacturing index crept up to 53.7 in May from 53.5 in April, a reading above 50 indicates growth in the sector. Economists had expected the index to come in unchanged compared to the previous month.

    Retail sales in Eurozone declined more than expected in April as record-high unemployment and recession fears kept consumers away from discretionary spending. Data released by Eurostat showed that retail sales in the 17-nation currency bloc fell 1% month-on-month in April, faster than the 0.1 drop forecast by economists. Also, this reversed a 0.3% gain in March.

    German industrial orders declined in April due to a sharp deterioration in foreign demand, official data showed. Factory orders declined 1.9% in April from a month ago, when it grew 3.2%, data from the Federal Ministry of Economy and Technology revealed. The rate of decline exceeded the 1.1% drop forecast by economists.
    Australia’s GDP jumped a seasonally adjusted 1.3% on quarter in the first three months of 2012, the Australian Bureau of Statistics said. That shattered expectations for an increase of 0.6% following the upwardly revised 0.6% gain in the previous three months (original reading was a 0.4% gain).

    In the second reading of Eurozone GDP figures released this morning, growth is reported to have contracted by 0.1% in the first quarter of 2012 despite the initial estimate reported growth remained flat at 0.0%.

    IHG signs first Hotel Indigo in Wales

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    Hotel Indigo continues to grow in Europe with the signing of the first Hotel Indigo in Wales, Hotel Indigo Queen Street Cardiff.Hotel Indigo Queen Street Cardiff will be managed by Sanguine Hospitality Ltd, who have four other Hotel Indigo properties in their portfolio, including Hotel Indigo Liverpool and Hotel Indigo Birmingham.

    IHG’s Senior Vice President for Development and Design in Europe, Robert Shepherd, said that the signing in Cardiff continued the brand’s strong growth throughout Europe. The signing follows the opening of a second Hotel Indigo in Scotland (Hotel Indigo Edinburgh) and a second Hotel Indigo (Hotel Indigo Berlin Centre Alexanderplatz) in Berlin this month.

    Hotel Indigo Queen Street Cardiff will be located in Dominion’s House, found on popular pedestranised Queen Street. The 92-room hotel will be a seven minute walk from Cardiff Castle, while Millennium Stadium, the regenerated harbour area and city-centre corporations are all nearby.

    Each Hotel Indigo property is uniquely designed to reflect the community, character and history of the surrounding area. Inspiration for Hotel Indigo Queen Street Cardiff will be drawn from the community’s Victorian heritage. Cardiff Castle, Bute Park and Park House will also inspire the interior design.

    Every Hotel Indigo features a high quality bar and restaurant that is open to both guests and locals. Hotel Indigo Queen Street Cardiff will include a 280m2 restaurant and bar area on the building’s top floor.

    All Hotel Indigo properties in Europe offer free wi-fi throughout the hotel as a brand standard. Hotels also offer 24 hour room service and access to 24 hour fitness centre.

    There are 44 Hotel Indigo hotels around the world and 53 in the development pipeline, which will open in the next three to five years.

    Indigo Edinburgh: Soft furnishings by CD Curtain Contracts. Please contact

    New Collections for 2012 from Bauhaus

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    The Crosswater Group launched over 250 new products at this year’s KBB Birmingham. The new collections offer all of the benefits designers seek when planning a premium, well equipped bathroom; 8 exciting, innovative brassware ranges, state-of-the-art smooth running shower kits and 2 great new shower enclosure ranges including the ground breaking high-polished chrome Elite. Three new furniture ranges were introduced from Bauhaus in an array of refreshing original finishes including Teak, Blackwood, Graphite and Calico. The Bauhaus portfolio was further strengthened with the launch of new aluminium body mirrored cabinets, de-misting illuminated mirrors and extensions to the heated towel rails collection.

    Celeste is available in four high quality finishes; Graphite, American Walnut, Calico and White Gloss all in a choice of sizes; 60cm, 80cm and 110cm and a tower storage unit. The Celeste basin unit is one of the largest of the Bauhaus basin furniture offering three spacious size options; 60cm, 80cm and 110cm. Curved illuminated mirror styles also complement the range.

    Linea is a minimalist range, designed with practical elements and the flexible option of a round or square basin shape. Available in Graphite, Teakwood, Blackwood and White Gloss, all in a choice of square and round sizes; 60cm, 75cm, 100cm, 120cm and a tower unit.

    Solo is a simple, compact solution formed to complement a variety of bathroom layouts. Modern and minimal with subtle curved edges, Solo features hardwearing high gloss basin units that are taller in height than most units this size, with heavy-duty full depth drawers to accommodate weightier bottles and boxes. Available in Graphite, Calico and White Gloss.