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Miral Appoints Hilton to Bring Curio Collection and DoubleTree by Hilton Brands to Abu Dhabi’s Yas Island
Miral | November 9, 2020
ABU DHABI, United Arab Emirates - Miral, Abu Dhabi’s curator of experiences, is appointing Hilton to bring two new and unique hospitality offerings to Yas Island, while it invests AED 627 Million in their development. The WB Abu Dhabi, the world’s first Warner Bros. branded hotel, will be operated and managed by Hilton under its upper-upscale Curio Collection by Hilton brand, while the serviced residences will be managed by DoubleTree by Hilton. Signed by Mohamed Abdalla Alzaabi, CEO of Miral, and Jochem-Jan Sleiffer, President, Middle East Africa & Turkey at Hilton, this agreement brings Hilton’s Curio Collection and Double
Baird/STR Hotel Stock Index Mostly Flat in October
Baird | November 9, 2020
The Baird/STR Hotel Stock Index was mostly flat in October, down just 0.2% to a level of 3,323. Year to date through the first 10 months of 2020, the stock index was down 36.9%. "Hotel stocks outperformed modestly in October despite heightened stock market volatility during the month as investors focused on rising nationwide coronavirus case counts and uncertainties regarding the upcoming election and timing of additional stimulus,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Going forward, we believe clarity surrounding the election outcome should be a near-term boost to broader investor sentiment
Eagle Four Partners and Lyon Living Acquire the Newport Beach Marriott Hotel & Spa
Eagle Four Partners | November 9, 2020
NEWPORT BEACH, Calif., Nov. 6, 2020 - Eagle Four Partners, LLC and Lyon Living announce today the acquisition of the Newport Beach Marriott Hotel & Spa located in Newport Center adjacent to Fashion Island. The hotel situated on 10 exceptional acres features sweeping views of the Pacific Ocean, Newport Harbor and the adjacent Newport Beach Country Club. Boasting 532 guestrooms, 32,000 square feet of indoor and outdoor venues, the hotel is ideal for corporate and social events. This leisure and group event hotel is conveniently located within Newport Center's over 3 million square feet of Class A office space and across from the 1.3 mil
Hall of Fame Resort & Entertainment Company Opens Newly Renovated DoubleTree by Hilton Canton Downtown
The Hall of Fame Resort & Entertainment Company | November 9, 2020
CANTON, Ohio – November 9, 2020 – Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls (“the Destination”), today announced that the DoubleTree by Hilton Canton Downtown Hotel will open on November 9, 2020 after undergoing a multi-million dollar renovation. Managed by Crestline Hotels & Resorts, LLC, the hotel will serve as the flagship lodging destination in downtown Canton, Ohio for Hall of Famers and their famili
TRYP by Wyndham Orlando Set for November Opening in Florida
November 9, 2020
ORLANDO, FLORIDA – A highly anticipated newcomer to the Orlando hotel scene, TRYP by Wyndham Orlando—the city’s newest hotel and the first TRYP by Wyndham hotel to arrive in Orlando—has announced its grand opening on Saturday, November 14th. Located on Orlando’s famed I-Drive, heart of Orlando just minutes from the world’s greatest theme parks including Universal Orlando, SeaWorld® Orlando and Walt Disney World. Guests will also find premier golf courses, museums, local restaurants and shopping nearby. The TRYP by Wyndham Orlando team will celebrate its debut with a socially-distanced ribbon cutting ceremony on Thursday, Novemb
First Atwell Suites™ Hotel Now Under Construction in Miami
IHG | November 9, 2020
IHG® Hotels & Resorts, one of the world’s leading hotel companies, announced today that the first Atwell Suites™ hotel is now under construction in Miami. Expected to open by summer 2021, the first Atwell Suites will be a 90-room hotel located in Brickell, an urban neighborhood home to Miami and South Florida’s financial district, as well as many foreign consulates. The hotel is part of a new high-rise, mixed-use property which will also include a new 140-room Hotel Indigo Miami Brickell. This property is owned by Francisco Arocha, Pedro F. Villar, Albert Ovadia and Sunview Companies. Atwell Suites is IHG’s newest brand, int
Latin America’s Hotel Construction Pipeline Continues to Decline at End of 3Q 2020
Lodging Econometrics | November 9, 2020
November 9, 2020 – PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) state in the Q3 ’20 Latin America Hotel Construction Pipeline Trend Report that the total construction pipeline stands at 671 projects/116,731 rooms, down 7% by projects and 11% by rooms, year-over-year (YOY). Projects presently under construction stand at 344 projects/61,159 rooms, up 3% by projects and 1% by rooms, YOY. Projects scheduled to start construction in the next 12 months are at 186 projects/34,551 rooms. Projects in the early planning stage have experienced the sharpest decline, down 23% by projects and 40% by rooms YOY, settling in at 141 projects
Global Hotel Profit Improves in Q3, But Still Languishing
HotStats | November 9, 2020
Hotels globally performed better in the third quarter, but the improvement proved to be only less bad, as COVID-19 continues to roil the world. U.S. hotels in Q3 achieved a gross operating performance per available room (GOPPAR) of $-9.87, which was 58% higher than the GOPPAR recorded in Q2, but 110% down from the same period a year ago, according to data from HotStats. Though the quarter produced a jump, the U.S. remains the only global region yet to have achieved a positive month of GOPPAR since the pandemic began. The data follow similar trends in the U.S. GDP, which grew around 7.4% during the quarter, after shrinking 1.2% in the fi