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
Rosewood Hotels & Resorts Announces Expansion in the Caribbean With Rosewood Exuma
Rosewood Hotels & Resorts | August 8, 2024
In partnership with Miami-based Yntegra Group, Rosewood Exuma will open in 2028 to unveil the brand’s elevated approach to experiential travel Exuma, a pristine archipelago of 365 islands in the Bahamas, has long been a haven for sophisticated globetrotters and seafarers. Today, Rosewood Hotels & Resorts is pleased to name the destination as the latest addition to the brand’s Caribbean portfolio with the announcement of Rosewood Exuma, a private island experience that will fuse together the best of both ultra-luxury and adventure travel. Imagined in partnership with Yntegra Group, a Miami-based private investment company, the new dev...
Kimpton Partners With JMA Ventures and Machete Group to Develop New Kimpton Orlando
Kimpton Hotels & Restaurants | August 8, 2024
ATLANTA (Aug. 8, 2024) – Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ fast-growing luxury and lifestyle portfolio, announces today a new partnership with JMA Ventures and Machete Group to develop the boutique luxury brand’s first location in Orlando. The new hotel will be located adjacent to the Kia Center arena, as part of Westcourt’s new mixed-use sports and entertainment development that will offer a variety of expansive experiences for visitors and locals alike. This collaboration marks a significant milestone in Westcourt's commitment to offering guests the most-elevated hotel stay directly in the heart o...
Latin America Hotel Construction Pipeline Expands With 11% YOY Growth – Updated New Openings Forecast
Lodging Econometrics | August 8, 2024
August 8, 2024 – PORTSMOUTH, NH The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with stable growth in new hotel openings forecast through 2026. This projected growth is supported by the region’s expanding construction pipeline, currently standing at 612 projects (97,597 rooms), marking an 11% increase in projects and a 10% increase in rooms year-over-year. At the end of the second quarter, Latin America has 253 projects with 44,319 rooms under construction, reflecting an 11% YOY increase in projects and a 15% inc...
Hard Rock International Announces Development of REVERB by Hard Rock Pensacola To Open in 2029
REVERB by Hard Rock® | August 7, 2024
PENSACOLA, Fla., Aug. 7, 2024 -- Today, Hard Rock International announces development plans for REVERB by Hard Rock® Pensacola to break ground in 2026 and open in 2029. REVERB by Hard Rock® is a unique hotel brand designed to be an energetic cultural hub for connection, creation and inspiration among music fans, locals and travelers alike. This will mark the company's sixth REVERB property joining the portfolio, with Atlanta and Hamburg, and Kalamazoo, Tampa, and Scottsdale also being developed. REVERB by Hard Rock® Pensacola will feature more than 125 hotel technology-enhanced rooms, a full-service restaurant, rooftop bar, lo...
Hilton Accelerates Expansion Across Portugal With Three New Hotels
Hilton | August 6, 2024
London, UK – Hilton (NYSE: HLT) has today announced plans to open three new hotels in Portugal in 2025 and 2026 under three brands – Canopy by Hilton, Tapestry Collection by Hilton and DoubleTree by Hilton – as part of the company’s plans to continue expanding its presence in the country. Patrick Fitzgibbon, senior vice president, development EMEA, Hilton said: “Last year tourist numbers soared to record highs in Portugal and with demand expected to continue, it’s an incredibly attractive hotel investment market. We’re thrilled to have signed three new properties across three of our world-class brands, further expandin...
Ennismore and Kasada Sign First Hyde Hotel in Africa
ENNISMORE | August 5, 2024
Hyde Johannesburg marks a major milestone for Ennismore as the brand’s first hotel in Africa. This acquisition marks Kasada’s 1st investment in Johannesburg. Ennismore, the fastest-growing lifestyle and leisure hospitality company, and Kasada, the leading independent real estate private equity platform dedicated to delivering attractive, sustainable value across the hospitality sector in Africa, are delighted to announce the signing of Hyde Johannesburg. The opening marks a series of significant milestones, including Ennismore’s first hotel in Johannesburg, the first Hyde hotel in Africa, and Kasada’s first investment in Johan...
Hyatt Launches Development of Andaz Jakarta Sudirman in Indonesia
Hyatt Hotels Corporation | August 2, 2024
Andaz Jakarta Sudirman is set to debut in 2028 in one of Jakarta’s tallest buildings CHICAGO (August 2, 2024) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with PT Central Sudirman Development, for the first Andaz hotel in Jakarta, Indonesia. Slated to open in early 2028, the hotel will be an integral part of Two Sudirman Jakarta, a mixed-use two-tower development poised to be amongst the tallest skyscrapers in the country. Located in the heart of the central business district, the hotel will be the first Andaz-branded urban hotel in Indonesia complementing An...
Marriott International Signs Agreement With Zhong An Commercial Group to Bring W Hotels to Hangzhou, China
Marriott International, Inc. | August 2, 2024
Marriott International, Inc. recently announced that it has signed an agreement with Zhong An Commercial Group, part of China New City Group, to bring the W Hotels brand to Hangzhou. Anticipated to open in 2031, W Hangzhou will be located at the northwest intersection of Minhe Road and Liyi Road in Qianjiang Century City, Hangzhou’s developing new CBD. With its bold, detail-driven design, elevated service, and engaging always-on programming, the hotel is poised to become a new symbol of luxury hospitality in Hangzhou. "We are thrilled to collaborate with Zhong An Commercial Group to introduce W Hotels to Hangzhou, inviting guests to indu...
Sandals Resorts International (SRI) Launches Development of Beaches Exuma in The Bahamas
Beaches Resorts | August 1, 2024
BEACHES EXUMA SET TO DELIGHT FAMILIES WITH GRAND DEBUT MONTEGO BAY, Jamaica, August 1, 2024 – Sandals Resorts International (SRI) today announces its acceleration of plans to expand the family-friendly Beaches Resorts brand with the development of Beaches Exuma, its fourth resort, and the first Beaches in The Bahamas. To make this new resort possible and as part of a coordinated growth plan across the Sandals and Beaches Resorts portfolio, Sandals Emerald Bay will close on August 15, 2024, and undergo a transformation that is anticipated to begin in Fall 2024 before reopening as the new Beaches Exuma. “Exuma was made for families and w...
IHG’s IHG InterContinental Brand to Return to the Philippines at Hann Reserve
IHG Hotels & Resorts | July 31, 2024
Clark Freeport Zone, Pampanga, Philippines – 31 July 2024: IHG Hotels & Resorts (IHG), one of the world’s leading hospitality companies, announces the return of InterContinental Hotels & Resorts – the world’s first and largest international luxury hotel brand – to the Philippines in a franchise agreement with Hann Philippines Inc., an emerging leader in the local luxury integrated resort (IR) sector with its Hann Resorts brand. InterContinental Clark will sit at the heart of the 450-hectare luxury estate in New Clark City. The development will feature three 18-hole championship golf courses designed by Nicklaus Desig...
Newly Released 2026 Hotel Openings Forecast From Lodging Econometrics Expects Significant Growth in U.S. Hotel Supply Through 2026
Lodging Econometrics | July 30, 2024
July 30, 2024 – PORTSMOUTH, NH As seen in the Q2 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics, at the end of the second quarter, there are 6,095 projects with 713,151 rooms in the pipeline. This new all-time high represents a 9% year-over-year increase in projects and an 8% YOY increase in rooms compared to Q2 2023 totals. At the close of the second quarter, there are 1,171 projects comprising 147,611 rooms under construction, marking a 10% increase in projects and a 4% increase in rooms YOY. Projects slated to start construction in the next 12 months total 2,350 projects with 268,378 rooms, reflecting ...
Hilton Signs With Acre Hotels to Debut Hampton by Hilton at London Heathrow
Hilton | July 25, 2024
LONDON, UK – Hilton (NYSE: HLT) has announced the signing of Hampton by Hilton London Heathrow Bath Road, marking the brand’s debut at Europe’s busiest airport, as part of a franchise agreement with Acre Hotels Ltd, part of the Westcombe Group. Conveniently located near the M4 motorway, the hotel will be a short 7-minute drive from Heathrow Airport Terminals 2 and 3, with easy access to Central London in 30 minutes via the Elizabeth Line. The 157-room hotel will offer onsite parking and Hampton by Hilton’s signature amenities including flexible communal spaces, complimentary Wi-Fi and a hot breakfast, and a retail market for o...
Hyatt Signs With CR Land for New Park Hyatt Hotel in Xi’an
Park Hyatt Hotels | July 24, 2024
Park Hyatt Xi’an will be ideally located in the Xi’an CCBD commercial complex along the city’s central axis, creating a new landmark in the city CHICAGO / SHANGHAI (July 24, 2024) -- Hyatt Hotels Corporation (NYSE: H) and China Resources Land (CR Land, HKEX: 1109) announced that Hyatt has entered into a management agreement with CR Land for a Park Hyatt hotel in Xi’an, Shaanxi province, China. This project will be ideally located in the CCBD, one of the key mix-use commercial complexes along Xi’an’s central axis. Park Hyatt Xi’an will provide worldly travelers a sophisticated home-away-from-home in the ancient capital of China....
United Center Joint Venture Reveals Plans for The 1901 Project on Chicago’s West Side
THE UNITED CENTER | July 23, 2024
CHICAGO, July 23, 2024 -- United Center next-generation owners Michael Reinsdorf and Danny Wirtz today jointly announced plans for the largest private investment on Chicago's West Side: a catalytic mixed-use development project that includes housing, retail, entertainment and public open space on more than 55 acres of privately owned land surrounding the iconic arena campus. Spearheaded by the Reinsdorf and Wirtz families, The 1901 Project will transform the West Side with a jolt of new development, bridging neighborhoods and enhancing opportunities for residents, businesses and all of Chicago. "The 1901 Project represents a con...
Accor Signs Dual-Branded Project Banping Island in Wenzhou
Accor | July 23, 2024
Accor Greater China today announced the signing of a unique dual-branded project on Banping Island in Wenzhou, featuring the debut of Peppers Edge – a new regional brand extension of Peppers, a premium guesthouse concept originating from Australia. The 235-room Peppers Edge hotel will be joined by a 135-room MGallery luxury resort hotel. MGallery and Peppers Edge Wenzhou Banping Island are expected to open in late 2027. The resort will provide both leisure and business guests with an intimate and personalized style of hospitality, centered around environmental sensitivity, memorable experiences connected to nature and community, ...
Marriott International Strengthens Leadership Position in Branded Residences, Announces Owner Recognition Platform
Marriott International | July 22, 2024
Strong Developer Value and Elevated Owner Experiences Continue to Fuel Growth for Marriott Branded Residences Portfolio Today, Marriott International, Inc. (NASDAQ: MAR) announces the continued growth and global leadership of Marriott Branded Residences, along with enhanced Residence Owners benefits through ONVIA, the company’s newly integrated Owner recognition platform. For nearly 25 years, Marriott International has offered whole-ownership, private branded residences that are consistent with the level of design and service experienced at its renowned hospitality offerings. Leading the branded residential segment, Marriott has...
Raffles Hotels & Resorts to Debut Storied Brand in Tokyo
Accor | July 22, 2024
TOKYO, 22 July 2024 – Raffles Hotels & Resorts, a leading luxury hotel brand of Accor, alongside World Trade Center Building, Inc. and Tokyo Tatemono Co., today announced plans to debut the storied brand in Tokyo. Part of the redevelopment of the Tokyo’s iconic World Trade Center (WTC) in the Hamamatsuchō district, the hotel is expected to open in 2028, giving guests the opportunity to explore Japan’s capital city through the enchanted world of Raffles. “We are delighted to grow the Raffles global family with Raffles Tokyo, which will feature the brand’s world-renowned hallmarks including personalised Butler Service and an i...
Bob W Forms £400M Joint Venture With OCIM To Convert Hotels and Offices Into Serviced Apartments
Bob W | July 19, 2024
Major joint venture established to raise capital for the acquisition and conversion of obsolete assets into serviced apartments Joint venture is targeting a GDV in excess of £400 million for initial development pipeline Partnership is targeting UK and key European markets to deliver up to 2,000 apartments exclusively for Bob W brand Comes amid growing demand for more flexible, high-quality accommodation options LONDON 19 July 2024 – A new joint venture between Bob W, the tech-powered hospitality operator, and Osborne+Co Investment Management (OCIM), the in-house investment management arm of global build-to-suit developer a...
Dar Global Collaborates With The Trump Organization To Develop Trump Tower Dubai
| July 19, 2024
DUBAI, UAE, July 19, 2024 -- Dar Global, the luxury international real estate developer, has announced a prestigious collaboration with The Trump Organization to establish the iconic Trump Tower Dubai. This extraordinary development, situated in a prime location in Dubai, is set to establish new standards in luxury hospitality and residential living in the region. Both the location and design will be unveiled towards the end of 2024. Trump Tower Dubai, a beacon of elegance and sophistication, promises to captivate and thrill with its unparalleled offerings. The development will include the renowned Trump Hotel and branded residential ...
The Americas and Asia Pacific Show Growth in Hotel Pipeline Activity
CoStar Group | July 19, 2024
WASHINGTON – 19 July 2024 – Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (% change in comparison with June 2023): Europe In construction: 165,858 rooms (-2.4%) Final Planning: 93,241 rooms (-20.9%) Planning: 160,651 rooms (+8.0%) Total Under Contract: 419,750 rooms (-3.8%) Among countries in the region, Germany (27,302) led in construction act...
The Cordish Companies Celebrates ‘Topping Off’ for New $270+ Million Live! Casino & Hotel Louisiana Project
Live! Casino & Hotel Louisiana | July 18, 2024
World-Class Gaming, Hotel, Dining, and Entertainment Destination to Feature First Land-Based Casino in Shreveport-Bossier Market New Development Projected to Generate More Than $200 Million in City and State Gaming Tax Revenue in First Five Years of Operation; Create Approximately 1,500 New Jobs for the Region Property Will Feature 30,000 SF of Best-in-Class Dining and Entertainment Venues Bossier City, LA (July 18, 2024) – LRGC Gaming Investors, LLC, an affiliate of The Cordish Companies, today marked a significant milestone in the construction of the first land-based casino in the Shreveport-Bossier market during the “TOPPING OF...
U.S. Hotel Construction Activity Highest Since February 2023
CoStar Group | July 18, 2024
WASHINGTON – 18 July 2024 – The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. U.S. Hotel Pipeline June 2024 (percentage change from June 2023) In construction: 157,713 rooms (+5.5%) Final Planning: 266,619 rooms (+9.8%) Planning: 333,827 rooms (+38.7%) “The number of rooms in construction has grown year over year for four consecutive months,” said Isaac Collazo, STR’s VP, analytics. “While upscale and upper m...
The Perry Hotel Naples Slated for Fall Opening in Florida With 160 Guestrooms
The Perry Hotel Naples | July 17, 2024
NAPLES, FL (July 17, 2024) – The Perry Hotel Naples, a 160-room hotel located along the Cocohatchee River in North Naples, Florida, is slated to open this fall. It will be the second location for The Perry, a boutique hotel brand that launched in Key West in 2017. The $80-million project is a new-build, featuring seven floors, a modern industrial design, spacious guest rooms, most with balconies, a ground-floor pool and adjacent activity lawn, a poolside tapas eatery, a lobby coffee bar, a fitness center, and an open-air deck featuring a rooftop pool, a chic poolside bar highlighting craft cocktails, and rooftop Tigress Restaurant, a full-...
IHG Hotels & Resorts Accelerates Presence in Spain With Four New Signings
IHG | July 11, 2024
11.07.24 (London, UK) – IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announces the signing of four new properties in Spain, adding over 500 rooms across key mature markets in desirable destinations. The latest agreements demonstrate owner and guest appetite for brands across each of IHG's Luxury and Lifestyle (Hotel Indigo), Premium (voco hotels), and Essentials (Holiday Inn Express) collections, in what is one of the company's priority growth markets in Europe. (Mrs) Willemijn Geels, Vice President, Development, Europe, IHG Hotels & Resorts, commented: “We are thrilled to expand our presenc...
