Hotel Development News
June, 6 2019
 
 
 
10 Things to Think About when Considering Hotels in Mixed Use Developments
 
10 Things to Think About when Considering Hotels in Mixed Use Developments
 
Mixed use developments are becoming more and more prevalent today which reflects a shift in the market to have built environments which cater for multiple uses. In the hotel context, it is becoming a popular alternative to the traditional single use accommodation model. Read More
 
Hotel Opening Latvia
Radisson Hotel Old Town Riga Opens in Latvia
Radisson Hotel Old Town Riga Opens in Latvia
 
Radisson Hotel Old Town Riga is developed in collaboration with the group's long-term partner Astor Group, and is a rebranding of the former Astor Riga Hotel. Read more
 
Hotel Transaction South Carolina
Lodging Partners Arranges Sale of Myrtle Beach Hotel
 
Representing the Seller in the sale of the 89-unit Country Inn & Suites Myrtle Beach, South Carolina Read more
 
Ashford Acquisition
Ashford Announces Acquires Remington's Hotel Management Business for $275 Million
Ashford Announces Acquires Remington's Hotel Management Business for $275 million
 
After the completion of this transaction, Ashford will add hotel property management to its growing list of hotel-related businesses, which already includes hotel asset management, Premier Project Management, J&S Audio Visual, OpenKey, Pure Wellness, RED Hospitality & Leisure, and Lismore Capital. Read more
 
Hotel Transaction Los Angeles
Hotel Amarano Burbank in Los Angeles Sold for $72.9 Million
Hotel Amarano Burbank in Los Angeles Sold for $72.9 million
 
The contracted sale price reflects a 15.8x EBITDA multiple and a 5.7% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018. Read more
 
Marriott Development Update Asia Pacific
Marriott International Bolsters Its Asia Pacific Luxury Offering with 13 Properties Set to Open in 2019
The Ritz-Carlton, Perth
 
Marriott International’s current portfolio of 130 luxury hotels across ten countries and territories in Asia Pacific is poised to grow in 2019 with new openings from JW Marriott, The Ritz-Carlton, St. Regis, and The Luxury Collection. Read more
 
Hotel Development Atlanta
Motto by Hilton Announces First U.S. Hotel Signing in Atlanta’s Old Fourth Ward Neighborhood
 
Situated at 40 Boulevard NE, the 125-room Motto by Hilton Atlanta Old Fourth Ward is part of Waldo’s, an $80 million modern mixed-use development project, which will also include 13,000 square feet of food and beverage space, 120,000 square feet of commercial space and 10 residential units. Read more
 
Hotel Development Cancun
Karisma Hotels & Resorts and Margaritaville Holdings to Develop Margaritaville Island Reserve by Karisma
Karisma Hotels & Resorts and Margaritaville Holdings to Develop Margaritaville Island Reserve by Karisma
 
Margaritaville Island Reserve Riviera Cancun by Karisma, the first inclusive Margaritaville resort, will debut in Winter 2019. Additional confirmed locations include a second resort in Mexico's Riviera Maya, Jamaica, and Cap Cana in the Dominican Republic, among other destinations in Latin America and the Caribbean. Read more
 
Autograph Collection Development Update
Autograph Collection Hotels to Introduce 16 New Hotels and Resorts in Next Three Months
Hotel Banke Opera, Autograph Collection
 
Autograph Collection Hotels today announced plans to welcome 17 properties to its global portfolio across North America, Europe and Africa by the end of July. Read more
 
Hotel Development Iceland
Six Senses Össurá Valley to Open in Iceland
The Six Senses Össurá Valley site overlooking the Lón Lagoon and Vestrahorn mountain
 
Six Senses Össurá Valley is located a 30-minute drive from the airport at Hofn. Jökulsárlón Glacial Lagoon, one of the most popular sites in the country to watch the otherworldly color displays of Northern Lights, is an hour’s drive away. Six Senses Össurá Valley is slated to open in 2022. Read more
 
Hotel Development Hungary
Párisi Udvar Hotel Budapest Officially Joins The Unbound Collection by Hyatt
Párisi Udvar Hotel Budapest
 
Hyatt Hotels Corporation (NYSE:H) announced today the opening of Párisi Udvar Hotel Budapest as part of The Unbound Collection by Hyatt, following major restoration and full-scale renovation. Read more
 

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In Brief...
 

South East Asia Hotel Investor’s Summit
HVS Report - Key Takeaways from the 2019 South East Asia Hotel Investor’s Summit (SEAHIS)

Interstate Hotels & Resorts Development Update
Interstate to Manage Glacier House Hotels Portfolio

Hotel Development Colombia
Four Seasons Hotel and Private Residences Cartagena Announced

Hotel Development Jamaica
Tapestry Collection by Hilton Announces First Property in the Caribbean with Signing of ROK Hotel, Kingston in Jamaica

Hotel Development Thailand
Canopy by Hilton to Make Thailand Debut in 2022

Hotel Development Puerto Rico
Hyatt Announces Plans for Hyatt Regency Coco Beach Resort in Puerto Rico

Hotel Development San Francisco
Infinity Hotel San Francisco Joins The Ascend Hotel Collection

Hotel Development London
The May Fair Hotel in London Joins Radisson Collection

Hotel Development Bangkok
Hilton Adds Hilton Garden Inn Bangkok to Thailand Pipeline

Hotel Development U.S. Georgia
RLH Corporation to Open New Build Red Lion Hotel in Fort Valley, Georgia

Hotel Development London
Barry Sternlicht Announces Treehouse Hotels

Hotel Development Nebraska
Kimpton Hotels & Restaurants Announces Its First Property in Nebraska

 
 
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