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Category: Real Estate


Finance and Development, Real Estate

Hotel Development Pipeline Activity Down Globally, Except in the Americas

April 15, 2024

Via: Hotel News Resource

The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar. March 2024 (% change in comparison with March 2023): Europe In […]


Finance and Development, Real Estate

MCR Refinances 16 Hotels for $333 Million

February 8, 2024

Via: Hotel News Resource

MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the portfolio’s net operating income, increasing it from $15 million at acquisition to $36 million. This represents a […]


Finance and Development, Real Estate

Indian Hotels Company Expands Its Presence in Ayodhya & Signs Its Third Hotel in the Holy Town

January 30, 2024

Via: Hotel News Resource

Indian Hotels Company (IHCL) announced the signing of a third hotel in Ayodhya, Uttar Pradesh. The brownfield project will be branded as an IHCL SeleQtions hotel. Commenting on the signing, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL […]


Finance and Development, Real Estate

Sheraton Hotel McKinney in McKinney, TX Listed For Sale

January 25, 2024

Via: Hotel News Resource

CBRE Hotels, as sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest (with the leasehold interest in the Event Center) in the 187-room Sheraton McKinney. Positioned at the intersection of two prominent […]


Finance and Development, Real Estate

Dallas Once Again Leads U.S. Hotel Construction Pipeline

December 4, 2023

Via: Hospitality Design

The most recent Construction Pipeline Trend Report for the United States, compiled by Lodging Econometrics (LE), reveals the top five markets with the largest hotel construction pipelines by projects at the end of the third quarter. The list is topped […]


Finance and Development, Real Estate

Standard International Introduces New Hotel Brand StandardX

November 27, 2023

Via: Hospitality Design

Standard International will soon add a new hotel brand to its portfolio: the StandardX. The new concept is derived from the Standard’s youthful roots, drawing inspiration from the spirit that defined its inception 25 years ago—when the now-shuttered Standard, Hollywood […]


Finance and Development, Real Estate

Trump International Hotel, Waikiki to Rebrand in 2024 As Wākea Waikiki Beach As Part of LXR Hotels & Resorts

November 13, 2023

Via: Hotel News Resource

Irongate and Hilton announced plans for a transformation of one of Hawaii’s most revered properties. The Trump International Hotel, Waikiki, will be reborn as Wākea Waikiki Beach under the management of LXR Hotels & Resorts officially taking place February 2024. […]


Finance and Development, Real Estate

Kimpton Grand Roatán Resort & Spa Opens in the Caribbean

November 9, 2023

Via: Hospitality Design

The Kimpton Grand Roatán Resort & Spa opened its doors last month on the West Bay Beach of Roatán island. The Caribbean resort houses 119 guestrooms, suites, and condos, four restaurants and bars, a spa, and nearly 6,000 square feet […]


Finance and Development, Real Estate

Ibis Styles Hotel to Open 2027 in Sorriso, Mato Grosso, Brazil

November 7, 2023

Via: Hotel News Resource

Accor takes another step towards franchise expansion and signs a contract for a new venture in Sorriso, Mato Grosso, Brazil. This will be the ibis Styles brand’s first hotel in the city, scheduled to open in 2027, with an architectural […]


Finance and Development, Real Estate

Tru by Hilton Announces First New York City Hotel

November 6, 2023

Via: Hotel News Resource

This October, Tru by Hilton, Hilton’s (NYSE: HLT) midscale brand, welcomed new hotels in North Carolina, South Carolina, Texas and Virginia. Together, the five new Tru by Hilton locations in the U.S. have pushed the seven-years-young brand past a milestone […]


Finance and Development, Real Estate

Hampton Inn & Suites by Hilton Houston North – IAH Airport Hotel Offered For Sale

October 25, 2023

Via: Hotel News Resource

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 82-key Hampton Inn & Suites by Hilton Houston North IAH Airport. This offering presents an excellent opportunity for an investor to […]


Finance and Development, Real Estate

Historic Clarence Hotel in Dublin Sold

October 17, 2023

Via: Hotel News Resource

Specialist lender Leumi UK has agreed a €43 million loan to The Dean Hotel Group for the purchase of the Clarence Hotel, a historic four-star hotel in Dublin’s city centre previously owned by members of the rock band U2. The […]


Finance and Development, Real Estate

Holiday Inn Houston Downtown Hotel in Houston, Texas Listed for Sale

October 16, 2023

Via: Hotel News Resource

CBRE Hotels presents the fee-simple interest for the 213-room Holiday Inn Houston Downtown in Houston, Texas. This urban core asset has an unbeatable location on a hard corner on Main Street in the CBD. In addition to the 17-story hotel […]


Finance and Development, Real Estate

Dusit International Launches Two New Hotel Brands

October 3, 2023

Via: Hotel News Resource

Dusit International has announced the expansion of its hotel brand lineup with the launch of two new brands: Dusit Collection and Devarana – Dusit Retreats. Building on the strength of Dusit’s existing portfolio, which encompasses Dusit Thani (luxury), Dusit Suites […]


Finance and Development, Real Estate

433 Room Marriott Puerto Vallarta Resort & Spa Sold

September 29, 2023

Via: Hotel News Resource

Black Creek Mexico announced that affiliates of Alojica, a BCM sponsored investment platform, have completed the acquisition of the Marriott Puerto Vallarta Resort & Spa, from an affiliate of Marriott International, Inc. The 433-room beachfront resort, located in Puerto Vallarta, […]


Finance and Development, Real Estate

Marina Inn & Suites Chalmette/New Orleans Offered For Sale

July 19, 2023

Via: Hotel News Resource

HVS Brokerage & Advisory, in cooperation with Eric Vincent Guerrero, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 130-key Marina Inn & Suites Chalmette-New Orleans , a limited-service hotel asset in Chalmette, Louisiana. […]


Finance and Development, Real Estate

WoodSpring Suites Has Opened 12 Hotels Year to Date with 300 in the Domestic Pipeline

June 2, 2023

Via: Hotel News Resource

Choice Hotels International, Inc. (NYSE: CHH) opened a company record, six WoodSpring Suites hotels during the month of May. These openings, which were led by a dedicated, extended stay team, account for 732 new economy extended stay rooms from coast […]


Finance and Development, Real Estate

Montana Marriott Hotel Portfolio Sold in Downtown Missoula, MT

March 31, 2023

Via: Hotel News Resource

Denver, CO-based Evermore Partners and Ridgefield, CT-based New Castle Hotels & Resorts, have acquired the Montana Marriott Portfolio – a 105-key AC Hotel by Marriott, a 175-key Residence Inn by Marriott, and The Mercantile, a collection of approximately 20,000 square […]


Finance and Development, Real Estate

HVS Report – New York City 2018 and 2021 Hotel Zoning Amendments – By Cole Masler

March 3, 2023

Via: Hotel News Resource

Hotels are a vital part of New York City’s economy, accounting for approximately $13 billion of revenue per year. In recent years, however, the City Planning Commission has adopted certain amendments to New York City’s Zoning Resolution in an attempt […]


Finance and Development, Real Estate

Global Hotel Construction Pipeline Has Remained Relatively Flat for Three Consecutive Years

February 27, 2023

Via: Hotel News Resource

Lodging Econometrics (LE) has released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms. The […]