Category: Real Estate

November 21, 2022

According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/258,476 rooms. Projects under construction in Europe stand […]

November 14, 2022

Baglioni Hotels & Resorts, the leading Italian hotel company with presence in Rome, Florence, Milan, Venice, Sardinia, Apulia, London and Maldives, announced a strategic financial partnership with the Mexican company Palace Resorts. This structured initiative includes Palace Resorts becoming the […]

November 10, 2022

During the third quarter, Choice Hotels International, Inc. (NYSE: CHH) signed an agreement with Noble Investment Group (Noble) to develop nine WoodSpring Suites hotels in Georgia and South Carolina over the next two years, signaling increased institutional interest in the […]

November 8, 2022

According to the recent Hotel Construction Pipeline Report for Canada by Lodging Econometrics (LE), LE analysts report that in the third quarter of 2022 the total construction pipeline in Canada stands at 263 projects/34,825 rooms, up 2% by projects and […]

October 28, 2022

According to the third quarter United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the U.S. market with the largest hotel construction pipeline by projects is Dallas with a record high count of 174 projects, accounting for 20,676 rooms. […]

October 26, 2022

According to the third quarter Construction Pipeline Trend Report for the United States from Lodging Econometrics (LE), the U.S. construction pipeline stands at 5,317 projects/629,489 rooms, up 10% by projects and 6% rooms Year-Over-Year (YOY). At the close of Q3, […]

September 28, 2022

The RADCO Companies (RADCO) has acquired three new hotels in the Gulf of Mexico resort community of Panama City Beach, FL. The properties add 281 new Marriott and Hilton rooms to RADCO’s fast-growing Hospitality Division. Additional terms of the deal […]

September 26, 2022

CorpHousing Group Inc. (Nasdaq: CHG) on Friday announced it has acquired long-term rights to The Tuscany Hotel in New York City via a 15-year Master Lease Agreement. The addition of The Tuscany brings to nine the total number of hotels […]

September 12, 2022

Arch Amenities Group, a full-service global provider of wellness, amenity and meeting services for commercial and residential properties, hotels and private clubs, today announced the acquisition of Innovative Spa Management, Privai and Spa Space, the latter of which it gained […]

September 9, 2022

NewcrestImage has reached definitive agreement to purchase 45 hotels from a private investment firm. Terms of the transaction were not disclosed. The portfolio totals approximately 3,300 rooms and includes 35 Marriott-branded, seven Hilton-branded, two Choice-branded, and one Radisson-branded properties, which […]

September 8, 2022

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels in over 95 countries, today announced its acquisition of the Vienna House brand for €44 million ($44 million) adding an upscale and midscale portfolio of approximately […]

September 8, 2022

Marriott International, Inc. today announced it has signed an agreement with Steamships Trading Company Ltd., to debut its first property in Papua New Guinea, the Marriott Executive Apartments Port Moresby. Slated to open in mid-2023, the property is set to […]

August 10, 2022

Colliers Hotels announces it acted as exclusive advisors in the sale of the 71-key Le St-Martin Bromont Hotel & Suites. The Property is the newest hotel in the local market and is well-located in Quartier Bromont, the City’s primary shopping […]

July 19, 2022

Preferred Hotels and Resorts, the world’s largest independent hotel brand representing more than 650 hotels, resorts, and residences across 80 countries, welcomed 19 new member properties to its global portfolio between April 1 and June 30 this year. Ranging from […]

June 30, 2022

Airbnb rolled out a new “split-stay” booking feature in May in response to consumers’ shifting demand for post-pandemic travel. Will Airbnb’s new booking feature become a game-changer in the lodging industry? How does Airbnb’s new split-stay feature work? Airbnb will […]

June 7, 2022

Kimpton Hotels & Restaurants has launched the development on new projects in Reno, Nevada and Raleigh, North Carolina. Slated to open in late 2024, the forthcoming Kimpton in Reno will occupy 16 stories of a 20-story mixed-use tower, which recently […]

May 24, 2022

Newport Hospitality Group, Inc., based in Williamsburg, Virginia, is excited to announce the addition of the DoubleTree Suites by Hilton Hotel Philadelphia West, a 253-room full-service, all-suite property. Newport Hospitality Group’s 14th Pennsylvania hotel offers 13 meeting rooms with 6,326 […]

April 22, 2022

DSH Hotel Advisors announced that Dennis S. Hopper, CCIM, Managing Principal and Dylan Amin, Senior Investment Associate arranged the sale of the Quality Inn At International Drive Orlando, FL for an undisclosed price on April 18, 2022. DSH Hotel Advisors […]

April 12, 2022

Radisson Hotel Group is accelerating its development pipeline targets in Turkey to reach 50 hotels by 2023 instead of 2025. In 2022, the Group plans to grow its presence in the country with 10 additional hotels and to introduce two […]

November 10, 2021

The hotel industry transactions environment came back with a vengeance during the third quarter after an extended gridlock induced by the COVID-19 pandemic and an associated bid-ask gap. A wave of deals were announced in conjunction with third quarter earnings, […]