Hotel Development News
June, 28 2019
 
 
 
Why Historic Buildings Make Great Hotels
 
Why Historic Buildings Make Great Hotels
 
The UK’s rich history is a major draw for visitors – and the chance to stay in castles where former kings resided, or country homes fit for a Jane Austin novel, is the type of experience that resonates with many. Read More
 
Caesars Merger
Eldorado And Caesars Merge in $17.3 Billion Transaction
Eldorado And Caesars Merge in $17.3 Billion Transaction
 
Merger Creates the Largest Owner and Operator of U.S. Gaming Assets Read more
 
Hotel Transaction Washington D.C.
137 Room Rouge Hotel in Washington, D.C. Sold for $42.0 Million
137 Room Rouge Hotel in Washington, D.C. Sold for $42.0 million
 
The contracted sale price reflects a 17.4x EBITDA multiple and a 5.0% net operating income capitalization rate based on the hotel’s operating performance for 2018. Read more
 
Hotel Development Los Cabos
Waldorf Astoria Los Cabos Pedregal to Open Q4 2019
Waldorf Astoria Los Cabos Pedregal to Open Q4 2019
 
Waldorf Astoria Hotels & Resorts to Debut in Mexico with Conversion of The Resort at Pedregal Read more
 
Hotel Development Florida
Hotel Melby Downtown Melbourne, Tapestry Collection by Hilton Breaks Ground in Melbourne, Florida
Hotel Melby Downtown Melbourne, Tapestry Collection by Hilton
 
Anticipated to open in late 2020, the new Downtown Melbourne property broke ground on June 19, 2019 Read more
 
Hotel Portfolio Transaction
Park Hotels & Resorts Inc. Announces the Sales of Three Non-Core Assets for $166M
Hilton Atlanta Airport
 
The three hotels, the 507-room Hilton Atlanta Airport in Atlanta, Georgia; the 317-room Hilton New Orleans Airport in New Orleans, Louisiana; and the 274-room Embassy Suites Parsippany in Parsippany, New Jersey, are located in non-core airport and suburban markets and had a combined 2018 RevPAR of $109, or approximately 37% below Park’s 2018 portfolio average. Read more
 
Hotel Development China
Hyatt and BTG Homeinns Unveil New Hotel Brand - UrCove by Hyatt
Hyatt and BTG Homeinns Unveil New Hotel Brand - UrCove by Hyatt
 
The first two UrCove hotels are expected to open in Shanghai and Beijing by late 2020. Read more
 
Hotel Development Florida
AC Hotel by Marriott Coming 2020 to Sawgrass Mills
 
Simon today announced it has commenced construction to bring the AC Hotel by Marriott brand to Sawgrass Mills, the largest outlet and value retail shopping destination in the United States. The 174-room hotel is expected to open in late 2020 – a timeframe that would coincide with the shopping center's 30th anniversary. Read more
 
Hotel Development Norway
Scandic to Take over Hotel in Stavanger, Norway
 
On October 1, 2019, Scandic will take over the operations of Radisson Blu Royal in Stavanger, Norway. The hotel, which is located in downtown Stavanger, will change name to Scandic Royal Stavanger. Read more
 

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In Brief...
 

New York City Lodging Market
HVS Report - Perspectives on the New York City Lodging Market 2019 – a Review of the Supply Side - By Anne Lloyd-Jones

Motel Valuations
HVS Report - Navigate the Pitfalls Motel Valuations - Part 2 - By Rodney G. Clough

Hotel Transaction Wisconsin
Milmark Hotel/Motel Investments, LLC Brokers Four Wisconsin Hotel Sales

Avid Hotels Development Update
IHG's Avid Hotels Brand Reports Nearly 50 Projects Approved for Planning or Currently Under Construction

Jin Jiang International
The First Co-Branded Hotel of Jin Jiang International and Radisson Hotel Group Launches

Hotel Development Orlando
Urban Commons Unveils World's Largest Holiday Inn Resort With $27.5 Million Renovation Investment

Hotel Development Australia
Radisson Collection to Launch in Asia Pacific With Restored Heritage Retreat in Australia’s Blue Mountains

 
 
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