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
Cambria Hotel New Haven Breaks Ground in Connecticut
Cambria Hotels® | May 24, 2021
ROCKVILLE, Md., May 24, 2021- Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), continues its expansion around the country with the official start of construction on a Cambria hotel in New Haven, Connecticut. The six-story, 130-room upscale hotel is expected to open in Summer 2022. Located at 20 Dwight Street in the coastal city of New Haven, the Cambria Hotel New Haven is a short walk to Yale University, Yale New Haven Hospital Saint Raphael Campus, Yale New Haven Children's Hospital, and Yale School of Medicine. The hotel is also near New Haven Green, West River Memorial Park, Hammonasset B...
Oakmont Corporation Breaks Ground on Four Seasons Resort and Residences Cabo San Lucas at Cabo Del Sol
Cove Club at Cabo Del Sol | May 24, 2021
CABO SAN LUCAS, MX (May 24, 2021) – California-based Oakmont Corporation and Four Seasons Hotels and Resorts, an international leader in luxury hospitality, celebrates two major milestones for the new Four Seasons Resort and Residences Cabo San Lucas at Cabo Del Sol. The prominent oceanfront development along the famed Los Cabos Corridor has secured more than $100 million in reservations from its initial, private pre-sale launch of the residences, and just began construction on site. “It is an honor to be in partnership with Four Seasons Hotels and Resorts, an iconic brand we know will bring an unparalleled level of luxury to the Golde...
Hospitality Financial Leadership: How to Create an Accounting Policy Manual
David Lund | May 24, 2021
By David Lund After recently completing a policy manual for a client, I want to share what worked for this hotel company and what could work for you. I also want to clear the air on policy vs. procedure. I know it is a big challenge to get a policy manual together for a hotel or hotel company. The big brands have resources to get the job done but the smaller brands and management companies do not have the same bandwidth. It is a project that always gets kicked down the calendar to another month or quarter. Check out an article here that I have written on why creating a hotel accounting policy manual is so challenging. Confusing detai...
Core Hospitality Signs Agreement With Marriott International to Bring Fairfield by Marriott to Denmark
Core Hospitality | May 20, 2021
Fairfield by Marriott Copenhagen Nordhavn is slated to open on Copenhagen’s waterfront in 2023 Denmark, May 2021: Danish management company Core Hospitality has signed an agreement with Marriott International to debut Fairfield by Marriott in Denmark. Expected to open in 2023, Fairfield by Marriott Copenhagen Nordhavn will be located in the city’s North Harbour district, just five kilometres from the city centre. Thoughtfully considered for the European market, the 222- guestroom hotel is set to offer the brand’s renowned warm service, along with amenities including 24/7 retail outlet, bar, gym and bike rental. “It’s an honour...
Hilton Signs 11 New Hotels for Tempo by Hilton and Motto by Hilton
Hilton | May 17, 2021
MCLEAN, Va. - Today, Hilton (NYSE: HLT) announced 11 new hotel signings for Tempo by Hilton and Motto by Hilton, representing nearly 20% of the global hospitality company’s lifestyle pipeline. The new properties will be located in the United States, Latin America and Europe, with key signings in New York City, Rotterdam, Tulum, Boston, Mexico City and Seattle. With these newly signed properties, Hilton’s lifestyle category supply is expected to double within the next five years as well as expand to an additional 17 countries/territories over the next 10 years including the first lifestyle property in Africa. While relatively new t...
DiamondRock Hospitality Company Brings Margaritaville Beach House to Key West, Florida
DiamondRock Hospitality Company | May 14, 2021
BETHESDA, Md. - May 14, 2021 - DiamondRock Hospitality Company and Margaritaville Holdings announced Margaritaville Beach House Key West will open in the fall of 2021. Located on the largest beach in Key West, Margaritaville Beach House Key West will welcome guests in the fall of 2021 after a $3 million investment to bring the Margaritaville state of mind to life throughout the recently renovated resort. Enhancements will include amenities and design aesthetics to drive incremental revenue and a fun, relaxing guest experience. The resort will feature signature Margaritaville food and beverage concepts, an expanded retail outlet, and f...
Development Launched for the 133-Key Rosewood Mexico City with Plans for 2024 Opening in Mexico
Rosewood Hotels & Resorts | May 13, 2021
HONG KONG - May 13, 2021 - Expanding its strong footprint in Mexico, Rosewood Hotels & Resorts® has been appointed by premier real estate development firm Grupo Sordo Madaleno to operate Rosewood Mexico City, a new hotel expected to open in 2024 in the flourishing Polanco district. Positioned in the heart of the vibrant capital, Rosewood Mexico City is conveniently located within walking distance of renowned luxury shopping district, Avenida Presidente Masaryk as well as esteemed cultural institutions including Museo Soumaya and Museo Jumex. Rosewood Mexico City will join the global brand's iconic collection of properties across Mex...
Hyatt Launches Development of 188-room Alila Shanghai Hotel in the Jing’an District of Shanghai, China
Alila | May 12, 2021
SHANGHAI / HONG KONG – May 12, 2021 – Hyatt announced today that a Hyatt affiliate has entered into an agreement with an affiliate of Fungseng Prosperity Holdings Limited (“Fungseng Prosperity”) to develop a 188-room Alila hotel in the Jing’an District of Shanghai. A high-profile conversion project, Alila Shanghai is expected to debut in 2023 and will be the first Alila branded urban hotel in China, offering a relaxing and nature-infused luxury retreat in the heart of the bustling metropolis. Designed as an “urban utopia,” Alila Shanghai will offer guests an elevated retreat experience that balances the bustling spirit of ...
IHG Hotels & Resorts Begins Construction on Atwell Suites Denver Airport – Tower Road in Colorado with a 2022 Opening Planned
IHG Hotels & Resorts | May 11, 2021
[video width="1024" height="768" mp4="https://www.hotel-online.com/wp-content/uploads/2021/05/atwellsuitesdenver-2.mp4"][/video] IHG Hotels & Resorts, one of the world’s leading hotel companies, announced today that the second Atwell Suites hotel is now under construction in Denver, owned by Kendall Combs and KJ Hotel Properties. The new Colorado property follows the Atwell Suites Miami Brickell, which is expected to open later this year. IHG also announced the latest signings for the brand including Galveston, Texas, owned by Harold Smart and Smart Hotels and Fishers, Indiana owned by Mitesh Patel and Striving Legacy Fish...
Rosewood Hotels & Resorts to Open the 140-Room Rosewood Hangzhou in China in 2025
Rosewood Hotels & Resorts | May 10, 2021
HONG KONG - May 10, 2021 - Rosewood Hotels & Resorts® continues its strategic growth in China with the announcement of Rosewood Hangzhou opening in 2025. Located in Wangjiang New City, an emerging hub of innovation, technology and financial services in the heart of Hangzhou, the new build luxury hotel will occupy prime real estate within a progressive mixed-use development project set to revamp the city skyline. The latest expression of Rosewood's ambitious Asian expansion, which includes five properties in the pipeline in Mainland China alone, Rosewood Hangzhou is poised to become the newest destination of choice for affluentia...
The Surrey: Reuben Brothers to Reimagine Iconic New York Hotel in Partnership With Corinthia Hotels and Casa Tua
CORINTHIA HOTELS | May 5, 2021
NEW YORK - May 5, 2021 - Luxury Upper East Side hotel, The Surrey, was acquired by Reuben Brothers in 2020, marking another milestone for their growing hospitality collection. Undergoing an extensive transformation, the hotel is slated to reopen in early 2023 as The Surrey, a Corinthia Hotel, operated and managed by Corinthia Hotels, a collection of individually-designed and distinctive five star hotels located in some of the most exciting destinations across Europe and the Middle East, and now North America. The Surrey, a Corinthia Hotel will mark the Corinthia group's first property in the United States and a second collabor...
IHG Signs With Holdmark Property Group to Bring InterContinental Parramatta to Sydney
IHG Hotels & Resorts | May 5, 2021
The world’s largest luxury hotel brand, InterContinental Hotels & Resorts, is set to arrive in Greater Western Sydney with the opening of InterContinental Parramatta, in partnership with owner Holdmark Property Group. Scheduled to open in 2025, the impressive, new-build InterContinental Parramatta will be part of a vibrant mixed-use development that also includes offices and a ground floor retail precinct. The building itself will be one of the most exciting high-rises to grace the city’s skyline, with the owners in the process of running an architectural competition to find a winning design. The state-of-the-art hotel will deli...
Omni PGA Frisco Resort Breaks Ground in Texas.
Omni Hotels & Resorts | May 5, 2021
Frisco, TX – May 5, 2021 – Omni Hotels & Resorts announced today the start of construction on the highly anticipated Omni PGA Frisco Resort featuring 501 guest rooms and seven four-bedroom golf villas. Set to open in Spring 2023, this extraordinary resort development in partnership with PGA of America and the City of Frisco will become a leading destination for golf providing an unparalleled experience for those who are advanced players, new to the game, and everything in between. Peter Strebel, President of Omni Hotel & Resorts broke ground alongside owners Bob Rowling, Founder of TRT Holdings, Inc., and Blake Rowling, Presiden...
Shangri-La Group Forms Joint Venture With Samty Group for a Luxury Hotel in Kyoto, Japan
Shangri-La Group | May 5, 2021
Hong Kong – May 5, 2021 – Shangri-La Group announced a new joint venture with Samty Co., Ltd to develop a luxury hotel in Kyoto, Japan. The location of the proposed hotel is just north of the Nijo Castle, a UNESCO World Heritage Site, one of the most popular tourist destinations in Kyoto. It is conveniently situated just four kilometers north of Kyoto Station, one of the main gateways into the city. This hotel will be Shangri-La Group’s second hotel in Japan, after Shangri-La Tokyo. “We are thrilled with this new partnership with Samty Group,” said Shangri-La Group Chief Executive Officer Lim Beng Chee. “This project brings toge...
NOUN Hotel Breaks Ground in Norman, Oklahoma
NOUN HOTEL | May 5, 2021
NORMAN, OKLAHOMA – May 5, 2021 – Managing partner Scott Lambert is pleased to announce NOUN Hotel, a premiere four-story boutique hotel, has broken ground and is expected to welcome its first guests in summer 2022. Located in downtown Norman at 542 South University Boulevard on Campus Corner next to the University of Oklahoma, NOUN Hotel will feature 92 modern guest rooms, including two luxurious 900-square-foot suites, a signature restaurant and bar, an intimate speakeasy bar, a banquet room for up to 150, boardroom, an outdoor/indoor bar, and on-site parking. NOUN Hotel will be managed by Lambert, who will drive the hotel’s develop...
California Cannabis Tourism Association (CCTA) Evolves to Cannabis Travel Association International
Cannabis Travel Association International (CTAI) | May 5, 2021
Santa Rosa, Calif. — May 5, 2021 — The California Cannabis Tourism Association (CCTA) founded in 2017 is changing its name-- as well as its geographic focus-- to the newly branded Cannabis Travel Association International (CTAI). The new web site www.CannabisTravelAssociation.org launched this week. Formed to promote the development of safe and responsible cannabis tourism, unify the cannabis and tourism industries, and advocate for an enabling regulatory environment and promoting best practices in the cannabis space, the Association is evolving as a response to the global movement to integrate cannabis and tourism ecosystems. ...
Red Rock Resorts to Sell Palms Casino Resort for $650 Million
| May 4, 2021
LAS VEGAS - May 4, 2021 - Red Rock Resorts, Inc. ("Red Rock" or the "Company") today announced a definitive agreement between its subsidiary Station Casinos LLC and a subsidiary of the San Manuel Band of Mission Indians ("San Manuel") to sell the Palms Casinos Resort for $650 million in cash, subject to customary adjustments. The transaction is subject to regulatory approvals and other customary closing conditions. Milbank LLP represented Red Rock and Deutsche Bank Securities Inc. is acting as financial advisor to Red Rock on the transaction. Latham & Watkins LLP represented San Manuel and Jefferies LLC is acting as financ...
Pro-invest Group and IHG Launch Kimpton Hotels & Restaurants in Australia With 2021 Sydney Debut
IHG Hotels & Resorts | May 4, 2021
After years of anticipation, Kimpton Hotels & Restaurants will arrive in Australia in 2021, with IHG Hotels & Resorts and Pro-invest Group planning to convert and reposition Sydney’s Primus Hotel as Kimpton Sydney. As the industry pioneer that first introduced the boutique concept in the US in 1981, Kimpton Hotels & Restaurants is renowned for its signature heartfelt service and creating guest experiences that foster genuine human connections. Today, its playful brand philosophy is celebrated worldwide, delivered through thoughtful perks and amenities, inventive meetings and events, distinctive, design-forward interiors, and ...
Hilton Signs With Shimao Group Holdings to Launch Four Luxury Hotels in China
Hilton | April 30, 2021
SHANGHAI, China and MCLEAN, Va. - Leading global hospitality company Hilton (NYSE: HLT) and Shimao Group Holdings Ltd. (Shimao) today announced the signing of a landmark agreement to launch four luxury hotels in China: Waldorf Astoria Shenzhen, Conrad Shanghai, Conrad Wuhan and Conrad Zhuhai. When they open, the hotels will mark the entry of Hilton’s iconic luxury brands, Waldorf Astoria and Conrad, in the four cities, while Conrad Shanghai takes the spotlight as the largest Conrad hotel in Asia to open, with more than 700 rooms. The multi-deal signing signals optimism from both companies on the luxury tourism outlook in China and a...
IHG Signs With Choengmon Real Estate for Kimpton Koh Samui in Thailand
IHG Hotels & Resorts | April 29, 2021
IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce the expansion of Kimpton Hotels & Restaurants with the signing of Kimpton Koh Samui, the second Kimpton hotel in Thailand following the brand’s debut in October 2020. The 138-key luxury boutique beachfront property on Choengmon Beach will open later this year where guests will enjoy Kimpton’s signature heartfelt service and locally-inspired design features. A short drive to Chaweng Beach, Fisherman’s Village walking street and Koh Samui International Airport, domestic and international travellers alike will benefit from its convenie...
Park Hotels & Resorts Completes Sale of W New Orleans – French Quarter for $24.1M ($249K per Key)
Park Hotels & Resorts | April 26, 2021
TYSONS, Va. - April 26, 2021 - Park Hotels & Resorts Inc. today announced that it has closed on the sale of the 97-room W New Orleans – French Quarter (the “Hotel”) located in New Orleans, LA, for gross proceeds of approximately $24.1 million, or $249,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”), the sale price represents a 4.3% capitalization rate on the Hotel’s 2019 net operating income (5.8% excluding capex), or 17.9x the Hotel’s 2019 EBITDA (13.3x excluding capex). Proceeds from the sale will be used to repay debt. The sale of the Hotel marks the 25th non-core hotel that Park has...
Hard Rock Hotels® Plans Global Expansion With Eight New Properties Across Brazil
Hard Rock | April 26, 2021
HOLLYWOOD, Fla. - April 26, 2021 - Hard Rock Hotels today announced plans for development of eight hotels with approximately 3,000 rooms in several key cities throughout Brazil, including Sao Paulo, Fortaleza, Ilha de Sol, Campos do Jordão, Foz do Iguaçu, Jericoacoara, Natal and Recife. The hotel properties, developed and owned by Brazil-based real estate developer VCI S.A., will be managed by the Hard Rock Hotel brand, which is renowned for the top-notch guest experiences it provides travelers around the world. The addition of these properties under Hard Rock's diverse hospitality portfolio marks the continued international expansio...
ESJ Capital Partners to Redevelop Jungle Island, an Eco-Adventure Park in Miami
ESJ Capital Partners | April 22, 2021
MIAMI – April 22, 2021 – ESJ Capital Partners (hereinafter: ‘ESJ”), an Aventura, Florida-based commercial real estate firm and a registered Investment Advisor, has secured the final approvals necessary to move forward with developing a one-of-a-kind eco-adventure destination and hotel on 18.5 acres of prime waterfront in Miami. The $300 million project is an ambitious re-imagining of the historic “Jungle Island,” a zoological theme park and botanical gardens built in 1936 that once boasted the largest and rarest collection of exotic animals and birds. It is located on Watson Island, roughly five minutes from both downtown Miam...
Sandals Resorts International Announces Plans for Three New Hotels in Jamaica
Sandals Resorts International | April 21, 2021
MONTEGO BAY, Jamaica - April 21, 2021 - Signaling the brand's ongoing confidence in the destination, Sandals Resorts International (SRI), the Caribbean's leading luxury all-inclusive resort company, will add three new hotels to its Jamaica roster. According to SRI Executive Chairman Adam Stewart, Sandals Resorts will transform two all-inclusive resorts in Jamaica acquired last year - the former Jewel Dunn's River Beach Resort & Spa in Ocho Rios and Jewel Runaway Bay Beach Resort & Waterpark plus a prime parcel of beachfront land adjacent to the Ocho Rios resort, into three distinct experiences under the Sandals Reso...
