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Last Update

2014-03-28T00:00:00.000Z

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Background Information

Employment History

Vice President Business Development and Operations
Archipelago International

Education

degree
hotel management
Centre International de Glion

Web References (188 Total References)


Norbert Vas Vice ...

www.claridenleadership.com [cached]

Norbert Vas Vice President - Sales & Marketing Archipelago International

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Norbert Vas, Vice President - Sales & Marketing, Archipelago International


Tag Archive for "Hospitality news" | Azure Recruitment – Executive Search Firm, Hotel and Hospitality jobs, Recruitment agency, Hotel Jobs

azurejob.com [cached]

Speaking to Travel Daily this week, Archipelago's Vice President of Sales & Marketing, Norbert Vas, revealed that following a strong year of hotel signings in 2012, 2013 would see the Archipelago portfolio really start to grow. Read more


Lighthouse Independent Media | Travel Marketing Summit

lighthouse-media.com [cached]

Norbert Vas, Vice President of Sales and Marketing, Archipelago International


Markus Aklin, VP Development, ...

www.servicedapartmentnews.com [cached]

Markus Aklin, VP Development, ONYX Hospitality Group; Nevius Glussi, Corporate Director of Development, APAC, Rosewood Hotel Group; Marco Nijhof, CEO, yoo Hotels and Resorts; Norbert Vas, VP Business Development and Operations, Archipelago International.

...
Vas said the market is over-saturated in both Bali and Indonesia with many successful condo-hotels business models, "although the condo-hotel model is not as popular as it used to be. Archipelago International has fifteen condo-hotel projects within the portfolio, "we've had thirteen successes, and two failures based on greedy owners who had interests in spending lots of money in casinos and fast cars" he said.
Vas continued, "we focus on design standards, lobby and meeting room areas, and the developer retains 30% of the inventory and food and beverage operation. "How the developer distributes condo-hotel profits to owners is up to them."
With South East Asia developer financing costs at between 10 and 15%, the condo-hotel model has enjoyed renewed popularity amongst investors (the majority buying off-plan) and developers not wishing to secure a bank loan. On successful unit sales (sales commissions are around 4-5% APAC) the developer has the ability to complete build transactions and sell-out of the project. Vas felt there are opportunities for growth within the budget hotel sector to be driven using the condo-hotel model, "owners would have to commit to the rental pool, furniture pack purchase, and would receive 30 days free rental themselves - I can see this working."
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"Our branded residence project in Jakarta is at a 25% premium and we are introducing the condo-hotel model to Malaysia" said Vas
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The panel was in general agreement that service delivery is difficult on a consistent basis within emerging markets, and Vas advised his company agreement is for a 10 - 15 year term with a clause to renew (or not), "the HOA has voting rights and if they decide to relinquish with our duties, that's fine - we are happy to give back.


Norbert Vas, VP Sales ...

indonesiahotelinvestment.com [cached]

Norbert Vas, VP Sales Marketing, Archipelago International

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