Le Journal

This was supposed to be Josh Allen’s year. For the sixth postseason in a row, the quarterback had led the Buffalo Bills to at least the Divisional Weekend of the NFL playoffs.

In Hangzhou, one office building now houses around 10 hotels, alongside restaurants, photography studios and second-hand luxury stores. In some Chinese cities, the practice of multiple hotel brands co-leasing separate floors within a single building has become more prevalent, fuelled by interest from both property owners and hotel operators. In Hangzhou, the capital of eastern China’s Zhejiang province, a building at West Lake-adjacent Yongjin Plaza now houses some 10 hotels. These include Home Inn and Home Inn Plus – part of the economy chain under Shanghai-headquartered BTG Hotel (Group) – as well as a mix of smaller, lesser-known hotel brands and hostels. They lease different floors alongside diverse businesses like restaurants, photography studios and second-hand luxury stores. Three of the hotels share a ground-floor reception area. “Hotel operators are seeking lower-cost, well-located space, and office landlords are looking to reduce vacancy,” said James Macdonald, head of research for China at Savills, a property consultancy. “This trend is most common in grade B office assets in good locations, especially slightly older buildings where leasing to traditional office tenants has become more challenging.”