Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3, 2024
Kimpton San Antonio Celebrates Its Topping Out on Schedule
Kimpton Hotels & Restaurants | July 20, 2023
Development
Hyatt Signs With Hoteles Color Especial for Development of Thompson Seville in Spain
Thompson Hotels | November 20, 2023
The fourth planned Thompson Hotel in Europe will build on Hyatt’s intentional brand growth in the luxury and lifestyle segment across Europe CHICAGO (November 20, 2023) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with Hoteles Color Especial S.L. for Thompson Seville. This new hotel will mark the first Hyatt hotel in the fourth-largest city in Spain, and one of the most attractive locations in Spain, which is the second-largest tourist destination in the world. Anticipated to open in 2026, the 101-room luxury lifestyle property will be the fourth Thompson Hotels pr...
Europe’s Hotel Construction Pipeline Shows Slight Year-Over-Year Increases in Project Counts at Q3 2023
Lodging Econometrics | November 20, 2023
November 20, 2023 – PORTSMOUTH, NH – In the Q3 2023 Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), analysts state that Europe’s total construction pipeline currently stands at 1,673 projects/249,264 rooms, up 1% by projects year-over-year (YOY). The luxury, upper upscale, upscale, and economy chain scales in Europe all show YOY increases in project counts compared to Q3 2022 totals. Luxury projects increased 2% YOY, just ten projects short of the segment’s all-time high, closing the quarter with 139 projects/18,515 rooms. The upper upscale chain scale increased 3% by projects YOY, with 284 projects/46,717 ro...
IHG and AWC Grow Partnership With Agreement to Open InterContinental and Kimpton Brands in Chiang Rai
IHG | November 16, 2023
InterContinental and Kimpton brands to debut in Thailand’s famed Golden Triangle area Bangkok, Thailand – 16 November 2023: IHG Hotels & Resorts (IHG), one of the world’s leading hospitality companies, and Asset World Corp Public Company Limited (AWC), renowned as Thailand’s leading integrated lifestyle real estate group, extend their long-standing partnership with a landmark agreement to open two new luxury hotels in Chiang Rai, Thailand. Opening in 2025, InterContinental Chiang Rai Golden Triangle Resort will offer 68 one- and two-bedroom pool and plunge pool villas. Kimpton Chiang Rai Golden Triangle, which currently op...
Lendlease and IHG Army Hotels Break Ground on Candlewood Suites Hotel at Fort Liberty
Lendlease | November 16, 2023
Expected to open in early 2026, the 207-room hotel will be the 17th Candlewood Suites in Lendlease and IHG’s Privatized Army Lodging portfolio. (Nashville, Tenn., November 16, 2023) – Lendlease, a global integrated real estate group, and IHG® Army Hotels announced today they have broken ground on a Candlewood Suites® hotel at Fort Liberty in North Carolina. Expected to open in early 2026, the 207-room hotel is the 17th Candlewood Suites property Lendlease and IHG have partnered on since 2009 as part of the Privatization of Army Lodging (PAL) initiative, a U.S. Army-led, public-private venture to revitalize on-post lodging for serv...
Jackson-Shaw Announces Development of Dual-Branded Hotel in Las Vegas’ Symphony Park
JACKSON-SHAW | November 16, 2023
AC Hotel by Marriott and Element by Westin groundbreaking set for January, with the opening in late 2025 LAS VEGAS, NEVADA (November 16, 2023) – Jackson-Shaw, a national real estate developer headquartered in North Texas, announces the development of the dual-branded AC Hotel by Marriott Symphony Park and Element by Westin Symphony Park in Las Vegas. The two hotels connected under one roof are located on the south side of South Grand Central Parkway and Symphony Park Avenue between the World Market Center and The Smith Center for the Performing Arts. Groundbreaking is set for January 2024, with opening in late 2025. “Symphony Park is an...
Radisson Hotel Group Expands Portfolio in Greece With Signing of Radisson Blu Resort, Mani
Radisson Hotel Group | November 15, 2023
Radisson Hotel Group solidifies its position as the leading international hotel group in Greece with the signing of Radisson Blu Resort, Mani. The new-build, 150-room beach resort, scheduled to open during the 2025 season, is the fifth Radisson Blu property in Greece. Providing guests with all they require for a memorable stay, the Radisson Blu Resort, Mani will offer a plethora of dining experiences in an all-day restaurant, a beachside terrace restaurant, and pool bar. Guests can unwind and soak up the sun while lounging by the swimming pool in addition to an expansive fully serviced beach or find serenity in the onsite wellness and fi...
Zachry Hospitality Breaks Ground on The Monarch San Antonio
ZACHRY HOSPITALITY | November 15, 2023
The boutique hotel will be a Curio Collection by Hilton The hotel is projected to open in early 2026 SAN ANTONIO, TX (November 15, 2023) - Zachry Hospitality is pleased to announce it officially broke ground on the highly anticipated Curio Collection by Hilton hotel in downtown San Antonio. The new 200-room, 17-story boutique hotel located at Hemisfair has officially been named The Monarch San Antonio. The Monarch is set to open in early 2026. Named for the Monarch butterfly that migrates through the San Antonio region each winter, the hotel is designed to be a convergence point for visitors and locals alike, drawing people together th...
Record-High Counts in China’s Hotel Construction Pipeline; Upscale and Upper Midscale Chain Scales Also Reach Peak Totals in Q3
Lodging Econometrics (LE) | November 14, 2023
November 14, 2023 – PORTSMOUTH, NH – In the Q3 2023 China Construction Pipeline Trend Report by Lodging Econometrics (LE), at the end of the quarter, China’s total construction pipeline reached a record high of 3,720 projects with 686,017 rooms, up 3% by projects and unchanged by rooms year-over-year (YOY). The record-high projects in the total pipeline can be attributed to the number of upscale and upper midscale chain scale projects, which both hit project and room count peaks this quarter. The upscale chain scale ended Q3 with a total of 850 projects/198,277 rooms, and the upper midscale chain scale has 1,222 projects/194,515 rooms....
Hard Rock International and Steinhauer Properties to Develop First Full-Service Hotel Built in Long Beach in 30 Years
Hard Rock | November 14, 2023
LONG BEACH, Calif., Nov. 14, 2023 -- Today, Hard Rock International in partnership with Steinhauer Properties announced development plans to open the Hard Rock Hotel Long Beach, the first new-build full-service hotel built in Long Beach, California in 30 years and the first new Hard Rock Hotel property in Southern California in almost a decade. Set to begin construction in Summer 2024 with plans to open in Spring 2027, this upscale property will be a unique entertainment destination set in the heart of downtown Long Beach, adjacent to the convention center. "We're grateful to Mayor Rex Richardson, the City Council and our partners f...
Four Seasons Reveals Plan for Second Luxury Hotel in Hangzhou, China
Four Seasons | November 14, 2023
The bustling downtown core will soon welcome a Four Seasons hotel as part of the highly anticipated Hangzhou Centre mixed-use development project TORONTO, Nov. 14, 2023 -- In partnership with Greentown China Holdings Limited, China Resources Land Limited and Hangzhou Metro Development Company Limited, luxury hospitality company Four Seasons will open its second Hotel in Hangzhou, China in 2024. At the heart of the city's newest mixed-use development project, Hangzhou Centre Towers, Four Seasons Hotel Hangzhou at Hangzhou Centre will offer a luxury hospitality experience inspired by the timeless elegance of the city's natural landscap...
Choice Expands Paladin Equity Capital Partnership With Three New Hotels Under Construction
Everhome Suites | November 14, 2023
Choice Hotels' extended stay pipeline grows by 12 percent year over year, with latest projects developed by Paladin Equity Capital ROCKVILLE, Md., Nov. 14, 2023 -- Choice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with three new Everhome Suites under construction, and six more in various stages of development across the Southern California region. For the first nine months of 2023, Choice's extended stay hotel openings grew by 38 percent compared to the same period in 2022. Choice's extended stay domestic pipeline increased 12 percent year over year to over 47,000 rooms in the third quarter of ...
IHG Signs With Al Jumaiah Group for Two Hotels in the Al Shafa, Taif
IHG | November 14, 2023
The signing will see IHG debut Holiday Inn & Suites and Staybridge Suites brands in the city Saudi Arabia, 14 November 2023: IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of Holiday Inn & Suites Taif and Staybridge Suites Taif, in partnership with Al Jumaiah Group. Both properties are set to open in Q4 2025 in the Al Shafa, Taif, a relaxing destination located 2,500 meters above sea level and known for its historical sites, panoramic scenic views, pleasant weather, and fragrant rose gardens. The new resorts will play a vital role in supporting Taif’s growing hospitality s...
YOTEL Signs With High Steet Holdings for First Malaysia Hotel
YOTEL | November 14, 2023
Set to open in summer 2025, YOTEL Kuala Lumpur will be located in Kuala Lumpur City Centre KUALA LUMPUR, NOVEMBER 2023 - YOTEL, in partnership with High Steet Holdings, has announced its debut in Malaysia with the signing of YOTEL Kuala Lumpur, a 290-room hotel located in the heart of the capital’s Central Business District. News of the opening reinforces the brand’s commitment to expanding in the region and globally. Projected to open in summer 2025, YOTEL Kuala Lumpur will boast a prime location in the Kuala Lumpur City Centre (KLCC) district, in the city’s renowned Golden Triangle. In a sought-after location for business and...
Accor and Construcții Erbașu Consolidate Partnership With Signing of Two New Hotels and Management Extension
Accor | November 13, 2023
World leading hospitality group Accor announces the strengthening of its ongoing partnership with renowned local company Construcții Erbașu, through the signing of hotel management agreements for two new hotels in Bucharest and Oradea and the extension of the existing management agreement for ibis Styles Bucharest Erbas. The two companies will join hands for the opening of the new Novotel Living Bucharest Baneasa. The construction started in Q3 2023 and the 150 rooms hotel is scheduled to come to market in June 2025. With Novotel Living, Accor brings the concept of extended stay to the Bucharest market. The future hotel will offe...
voco hotels Signs 25th Americas Property in Missoula, Montana
IHG | November 13, 2023
Riverfront conversion among several recent regional signings, reinforcing voco hotels’ position as IHG Hotels & Resorts’ fastest-growing premium brand ATLANTA (November 13, 2023) – voco hotels – part of IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies with more than 6,200 destinations across 19 brands – today announced the signing of its 25th Americas property in Missoula, Mont., nearly three years after launching in the region. The soon-to-renovate voco Missoula Downtown is the latest extension of voco hotels’ conversion-friendly model which combines the local character and charm of an ind...
Hilton Partners With Irongate to Convert Trump International Hotel Waikiki to Hilton’s LXR Brand
Irongate | November 13, 2023
The Irongate-owned iconic landmark is set to bring a fresh identity to its highly acclaimed destination with new management and international design HONOLULU, Hawaii (NOVEMBER 13, 2023) – Today, Irongate, a lifestyle-driven real estate firm, and global hospitality leader Hilton (NYSE: HLT) proudly announce plans for a monumental transformation of one of Hawaii's most revered properties. The Trump International Hotel, Waikiki, will be reborn as Wākea Waikiki Beach under the expert management of LXR Hotels & Resorts officially taking place February 2024. LXR Hotels & Resorts is one of Hilton’s three distinctive luxury brands featu...
Hotel Construction Pipeline Growth in Asia Pacific, Excluding China, Remains Steady at Q3 Close
Lodging Econometrics (LE) | November 13, 2023
November 13, 2023 – PORTSMOUTH, NH – In the recently released Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, continued to show steady year-over-year (YOY) growth to end the third quarter of 2023 at 1,929 projects/398,199 rooms, up 3% by projects YOY. Projects currently under construction in the region stand at 954 projects/220,336 rooms, up 1% by projects YOY. Projects scheduled to start construction in the next 12 months stand at 295 projects/51,756 rooms. Projects in the early planning stage of the pipeline stand at 680 projects/126,107 rooms, up...
Hyatt and Extell Development Company Partner to Bring Grand Hyatt Brand to Utah
Grand Hyatt Hotels | November 10, 2023
Expected to open late 2024, Grand Hyatt Deer Valley will expand Hyatt’s brand presence in a vibrant resort market CHICAGO (November 10, 2023) – Hyatt Hotels Corporation (NYSE:H) and Extell Development Company today announced the planned expansion of the Grand Hyatt brand in Park City, Utah. Expected to open late 2024, Grand Hyatt Deer Valley will mark the debut of the Grand Hyatt brand in Utah and will be located at the famed Deer Valley Resort. Uniquely designed as a captivating destination within a destination, the property will open as the first luxury hotel within Deer Valley Resort’s forthcoming expansion. Situated 40 minu...
Noble Breaks Ground on Tempo by Hilton Savannah Historic District
Noble Investment Group | November 9, 2023
Atlanta, Georgia (Thursday, November 9, 2023) – Noble Investment Group ("Noble") today celebrated the groundbreaking of the Tempo by Hilton Savannah Historic District. With an anticipated opening in early 2025, the hotel will be within walking distance of the Savannah River, the sites of River Street, and the Historic District's top attractions. Working collaboratively with the Savannah Historic District Board, the LEED-certified Tempo by Hilton Savannah Historic District has been designed to complement the unique character and heritage of the district. The energetic lifestyle hotel will feature 153 tech-enabled guestrooms and Peloton®...
Atlanta CBD Hotel Submarket Continuing to Push Forward
Anne Gompel, Adam Zarczynski | November 9, 2023
By Anne Gompel, MAI, CHIA and Adam Zarczynski, CHIA With the busiest airport in the world and a lower cost of doing business than peer regions, Metro Atlanta is the key inland distribution hub of the Southeast. Metro Atlanta is home to 17 Fortune 500 corporations like The Home Depot, Coca-Cola, Delta Air Lines, and UPS. It also sustains a diverse economy centered around technology, healthcare and health tech, logistics, advanced manufacturing, and now electric vehicles and clean tech. For the 10th consecutive year Area Development Magazine has ranked Georgia the number one state for business. Atlanta's strong economy has been spurred by...
Latin America’s Hotel Construction Pipeline Surges in Q3 2023 With New Projects and Construction Start Initiatives
Lodging Econometrics | November 8, 2023
November 8, 2023 – PORTSMOUTH, NH – In the Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 579 projects/95,144 rooms at the close of Q3 2023. The region’s pipeline project counts are up slightly, at 6% year-over-year (YOY) by projects and 5% YOY by rooms. At the Q3 close, there were 93 new project announcements (NPAs), accounting for 415,416 rooms, marking the largest number of new project and room announcements in Latin America since Q2 2017. Similarly, construction starts are the highest they’ve been since Q3 2019, standing at 54 projects/9,43...
DD Partners, Peachtree Group and Woodbine Development Join Forces To Develop Embassy Suites Gulf Shores
Peachtree Group | November 7, 2023
GULF SHORES, ALA. (Nov. 7, 2023) – DD Partners, LLC of Birmingham, Alabama, and Marietta, Georgia, Peachtree Group of Atlanta and Woodbine Development Corporation of Dallas announced the development of Embassy Suites Gulf Shores, a full-service resort overlooking the Gulf of Mexico and its renowned white sand beaches – located in Alabama’s No. 1 tourism destination, the City of Gulf Shores. Now underway, Embassy Suites Gulf Shores is a joint venture among the three firms. DD Partners and Woodbine are leading development and asset management efforts, and Peachtree will manage operations for the resort upon completion in summer 202...
Hyatt and Parks Hospitality Partner to Expand Footprint in Mexico With Four New Properties
Hyatt Hotels Corporation | November 7, 2023
Four new properties developed by Parks Hospitality Holdings will expand Hyatt’s luxury and leisure offerings in Mexico’s most sought-after destinations CHICAGO (November 7, 2023) - Hyatt Hotels Corporation (NYSE: H) and Parks Hospitality Holdings (“PHH”) have announced a highly anticipated collaboration to expand Hyatt’s brand footprint in Mexico with the development of four new properties across key destinations in Mexico, including Mexico City, Los Cabos, and Cancun. The new properties are expected to open starting 2024 and will include two Grand Hyatt hotels, a new select-service offering near the Cancun International Airport...
The Store Oxford Set for February 2024 Opening in Historic Boswells Department Store
The Store and Oxford | November 7, 2023
The Store, Oxford, will launch in early 2024. Located on Broad Street, in the heart of the city, The Store sits in the building of the historic department store and Oxford institution, Boswells. Boswells was one of the world’s oldest department stores, family-owned and much-loved by the local community. In the tradition of great British department stores, it was a place of discovery - a treasure trove of toys, cosmetics, fashion, household essentials, a haberdashery, well-known tearoom, and café. Reimagined as a hotel, restaurant, rooftop bar, co-working bar, and spa, The Store, delivered by Reef Group and EQ Group, will present a labyri...
