Finance and Development, Real Estate
November 27, 2023
Via: Hospitality DesignStandard 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
November 13, 2023
Via: Hotel News ResourceIrongate 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
November 9, 2023
Via: Hospitality DesignThe 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
November 7, 2023
Via: Hotel News ResourceAccor 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
November 6, 2023
Via: Hotel News ResourceThis 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
October 25, 2023
Via: Hotel News ResourceHVS 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
October 17, 2023
Via: Hotel News ResourceSpecialist 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
October 16, 2023
Via: Hotel News ResourceCBRE 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
October 3, 2023
Via: Hotel News ResourceDusit 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
September 29, 2023
Via: Hotel News ResourceBlack 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
July 19, 2023
Via: Hotel News ResourceHVS 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
June 2, 2023
Via: Hotel News ResourceChoice 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
March 31, 2023
Via: Hotel News ResourceDenver, 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
March 3, 2023
Via: Hotel News ResourceHotels 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
February 27, 2023
Via: Hotel News ResourceLodging 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 […]
Finance and Development, Real Estate
February 23, 2023
Via: Hotel News ResourceAccording to the Q4 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, LE analysts report that the hotel construction pipeline in the region stands at 549 projects/143,637 rooms. Hotel development in […]
Finance and Development, Real Estate
February 9, 2023
Via: Hotel News ResourceAccording to the Q4 2022 Construction Pipeline Trend Report for the Asia Pacific region, excluding China, from Lodging Econometrics (LE), the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms year-over-year (YOY). […]
Finance and Development, Real Estate
February 9, 2023
Via: Hotel News ResourceIn the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms. At the close of 2022, hotel […]
Finance and Development, Real Estate
February 2, 2023
Via: Hotel News ResourceThe price of hotels showed strength in all regions except the South Atlantic this quarter, with all regions except New England experiencing double-digit growth year over year. Hotels in non-gateway cities posted higher quarterly and yearly gains relative to gateway […]
Finance and Development, Real Estate
February 2, 2023
Via: Hotel News ResourceHyatt Hotels Corporation (NYSE: H) today announced the completion of the Dream Hotel Group lifestyle hotel brand and management platform acquisition, bringing a portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the […]