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Hotel Development News





Hotel Transaction Chicago

Hotel Versey in Chicago, Illinois Sold

NexGen Hotels today announced the acquisition of the Hotel Versey in Chicago, Illinois. Located at 644 W Diversey Parkway, the 137-room hotel will be managed by Genuine Hospitality Group of St. Louis, Missouri.





Hotel Development Pakistan

Rotana to Open It's First Hotel in Pakistan

Rotana announced today the signing of a franchise agreement with Signature Complex LLP Islamabad for the opening of its first property in Pakistan.


Hotel Development India

IHCL Announces Vivanta Hotel in Indore, Madhya Pradesh

The 180 keys Vivanta Indore, spread over 2.3 acres is strategically located at a short driving distance from the Devi Ahilyabai Holkar International Airport and the central business district.






Hotel Opening UAE

Wynn Resorts Releases New, Updated Images of Wynn Al Marjan Island

The development is the Company's first beachfront resort and is being built on an island of almost 62 hectares jutting into the Arabian Gulf. Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding. It is anticipated to be the first integrated gaming resort in the Middle East North Africa (MENA) region.









Choice Hotels Development Update

Choice Hotels Relaunches Park Inn by Radisson

During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH) announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.


Hotel Transaction Nashville

Dual-Branded 1 Hotel and Embassy Suites Nashville Hotel Sold

Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners today announced that controlled affiliates have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts, a lodging real estate investment trust and owner of luxury and upper-upscale hotels. Terms of the transaction were not disclosed.



Accor Development Update

Accor Provides Update on Expansion in Saudi Arabia, the UAE and Qatar

Accor participated in the Future Hospitality Summit, which returned to Saudi Arabia this year, bringing together the Kingdom's leading industry experts. From 2022 to 2032, the growth rate in the GCC's tourism sector is projected to be 13.6% with a potential market value of 65.5 billion USD.