Hotel Development Hawaii
$500+ Million Residential, Resort-Golf-Beach Developments Announced at Mauna Kea Resort Hawaii
Construction is slated to begin by mid-2024
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Hotel Transaction Wyoming
JET Hospitality Acquires Two Wyoming Hotels
The company has acquired two Wyoming hotels - The Virginian Hotel in Medicine Bow, and the Park Motel in Powell.
Hotel Financing Oregon
Sonnenblick-Eichner Company Arranges a Strategic Joint Venture Equity Investment For The Pacific City Lodging Portfolio, Pacific City, Oregon
The Pacific City Lodging Portfolio is an irreplaceable collection of iconic oceanfront resort properties comprised of the Headlands Coastal Lodge & Spa, the Inn at Cape Kiwanda, Hart’s Camp, and the Cape Kiwanda RV Park. Noble House Hotels & Resorts of Kirkland, Washington provided the investment into the partnership.
Hotel Transaction Spain
Travelodge Acquires 6 Hotels Totalling 773 Rooms in Spain from Louvre Hotels Group
The hotels are located in Alicante, Barcelona, Madrid, Malaga and Murcia.
Hotel Development India
Crowne Plaza Dehradun Rajpur Road to Open 2028 in India
Set in the Himalayas, the newly built hotel marks the debut of Crowne Plaza brand in the state of Uttarakhand
Hotel Development China
Dual Branded Kempinski Hotel Yangzhou Nuoyuan and Bristoria Hotel Yangzhou to Open in China in 2025
Kempinski Group to debut Bristoria brand in China alongside an ultra-luxury lakeside Kempinski hotel in Yangzhou Economic Development Zone
Travel Deal Activity
Global Travel and Tourism Sector Deal Activity Fell by 14.9% YoY in Q1 2024, According to GlobalData
Travel and tourism sector witnessed the announcement of 165 deals globally during the first quarter (Q1) of 2024. This represents a year-on-year (YoY) decline of 14.9% compared to the announcement of 194 deals during the same period last year, according to GlobalData.
Hotel Development U.K.
The Bentley Hotel Southampton Expected to Join JdV by Hyatt Brand in Mid-2024
The all-suite retreat located at the gateway of the Hamptons is expected to join the JdV by Hyatt brand in mid-2024 following renovation completion
Hotel Development Peru
Destination by Hyatt to Make Its South American Debut in Paracas, Peru with The Legend Paracas Resort
Expected to join the Destination by Hyatt brand in June 2024, the hotel is currently undergoing a phased enhancement project to elevate guestrooms, offer new culinary options, and redesign public areas
Hotel Development Turkey
Marriott International Highlights Growth and Commitment in Türkiye During Visit by President and Chief Executive Officer
Today, Marriott International, Inc., underscored plans to grow its footprint in Türkiye with the expected addition of more than 20 properties and nearly 3,000 rooms by the end of 2025.
Hotel Development Japan
Marriott International and HMI Hotel Group Announces a Multi-Property Conversion Deal in Japan
The conversion deal entails the rebranding of seven hotels to Marriott Hotels and Courtyard by Marriott across five of Japan's most popular travel destinations
Hotel Development Mexico Guadalajara
Canopy by Hilton Guadalajara to Open 2028 in Mexico
Signed on the heels of the recently opened Hilton Garden Inn Guadalajara Airport and expected to open in 2028, the new-build, 170-room hotel will boost Hilton?s presence in Guadalajara, which is emerging as a must-visit destination for business and leisure travelers. Canopy by Hilton Guadalajara is owned by Trust Capital and will be managed by Hilton.
Hotel Transaction Brisbane
Pacific Hotel Brisbane Sold for AUD $44.8 Million
The freehold interest in the Pacific Hotel Brisbane has been sold to the Gold Coast based Singh Enterprises for $44.8 million.
Garner Hotels Development Update
IHG Hotels & Resorts' Midscale Conversion Brand Garner Continues Global Expansion
IHG Hotels & Resorts (IHG) continues the growth of its newest midscale conversion brand Garner hotels, which is now available across IHG's Europe, Middle East, Asia & Africa (EMEAA) region. This marks another milestone towards Garner reaching its goal of more than 500 hotels in the next 10 years, and 1,000 hotels over the next 20 years.
Hotel Development Australia
Holiday Inn & Suites Caloundra Sunshine Coast to Open Early 2028
The 160-room hotel will include 33 suites and feature all the Holiday Inn brand hallmarks including an open lobby, all-day dining restaurant and lobby cafe, meeting spaces, a well-equipped fitness centre, outdoor pool and Kids Club.
Hotel Financing
Access Point Financial Closes on Acquisition of Two Controlling Tranches in Citibank's $631M CMBS Refi of Hotel Portfolio
The portfolio is comprised of 53 limited and select service hotels, including 33 Marriott-branded and 20 Hilton-branded properties. The properties are located in 14 states, primarily in the Sunbelt region.
Hotel Development India
Indian Hotels Company (IHCL) Signs a Taj Resort in Pushkar
The 110-key resort is situated just minutes away from the sacred Pushkar Lake and the Brahma Temple.
Hotel Development Vietnam
Nobu Hotel and Restaurant Ho Chi Minh Announced As the 2nd Property for the Brand in Vietnam
Positioned in the heart of Ho Chi Minh's historic District 1, Nobu Ho Chi Minh Hotel and Restaurant connects directly to prominent landmarks, shopping, dining and entertainment complexes of the city. The impressive 40-story mixed-use complex, currently under construction, will encompass Class A office space and the Nobu Hotel and Restaurant.
Marriott International Development Update
Marriott International Accelerates Growth Across Europe With Nearly 100 Hotel Conversions and Adaptive Reuse Projects Expected B...
From the International Hospitality Investment Forum in Berlin, Marriott International, Inc. today announced plans to add nearly 100 properties and over 12,000 rooms to its portfolio in Europe portfolio through hotel conversions and adaptive reuse projects, the conversion of existing buildings into a hotel, by the end of 2026.
Hotel Development South Africa
Park Inn Cape Town Foreshore Rebrands to Radisson Hotel Cape Town Foreshore
Located just minutes away from the International Convention Centre (CTICC) and the famous Victoria & Alfred Waterfront, Radisson Hotel Cape Town Foreshore marks the Group's third Radisson property in South Africa.
Radisson Hotel Group Development Update
Radisson Hotel Group Leads Growth in Q1 2024 with Focus on APAC and New Markets
The Group's current portfolio consists of more than 1,340 properties in 95+ countries, including Radisson Blu, the largest upper upscale brand in Europe for the 12th consecutive year, and Radisson, the fastest growing upscale brand in the industry in EMEA and South East Asia.
Hotel Development Bulgaria
Nobu Announces Two Hotels for Bulgaria
Nobu Hospitality announced the development of two properties in Bulgaria - Nobu Hotel and Restaurant Sofia and Nobu Hotel and Restaurant Varna.
Hotel Development Germany
IHG Hotels & Resorts and NOVUM Hospitality Sign Agreement That Doubles IHG's Hotel Presence in Germany
Launches Holiday Inn - the Niu Collaboration, and Debuts Garner and Candlewood Suites Brands
Partners Group Acquires a Strategic Minority Stake in Trinity to Support Its Future Growth
Partners Group will initially target a U.S. $500 million investment with Trinity and will also have the opportunity to commit further capital to Trinity's North American, European, and special situations investment platforms.
Hotel Development Virginia
$1.4 Billion Mixed-use Development Anchored by Live! Casino & Hotel Virginia Announced for Petersburg, Virginia
The proposed site is situated at the intersection of Wagner Road and Interstate I-95 with easy access on and off the East Coast's major north-south interstate, making it the premier location in the Commonwealth. The partners also intend to quickly open an initial first phase casino within a year to begin creating jobs, vendor opportunities and economic benefits immediately for the City of Petersburg and its residents.