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
The U.S. Hotel Construction Pipeline Is Down Slightly in Q3 2020 but Remains Robust
Lodging Econometrics (LE) | October 26, 2020
October 26, 2020 – PORTSMOUTH, NH – According to the latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), the total U.S. hotel construction pipeline, at the end of Q3 2020, stands at 5,282 projects/655,026 rooms, down 7% by projects and 6% by rooms, year-over-year (YOY). As expected, the hotel construction pipeline is off more substantially in Q3 '20 as compared to Q2 '20. This is due largely in part to an acceleration of new hotel openings in Q2 '20 as a result of a cyclical high number of projects under construction in Q1 '20 that were delayed and later opened in Q2 '20. Secondly, new project announcements ...
Radisson Hotel Group Launches New Brand, Radisson Individuals
Radisson Hotel Group | October 20, 2020
Brussels - October 20, 2020 - Radisson Hotel Group announces the launch of a new brand, Radisson Individuals. Radisson Individuals is a conversion brand that offers independent hotels and local, regional chains the opportunity to be part of the global Radisson Hotel Group platform, benefit from the Group’s international awareness and experience, with the freedom to maintain their own uniqueness and identity. Radisson Individuals hotels are selected for their own characteristics and personalities, offering guests an opportunity to discover new locations around the world, while always delivering Radisson Hotel Group’s high standards of qu...
The St. Regis Cap Cana Resort & Residences Celebrates Groundbreaking in the Dominican Republic
St. Regis Hotels & Resorts | October 14, 2020
St. Regis Hotels & Resorts today celebrated the groundbreaking of The St. Regis Cap Cana Resort & Residences, expected to be the first St. Regis hotel in the Dominican Republic. Slated to open in 2023, the resort is expected to feature 200 luxurious guest rooms and suites with spectacular ocean views and 67 residences, in addition to the iconic St. Regis Butler Service, bespoke amenities and a world-class golf course designed by Jack Nicklaus. President of the Dominican Republic The Honorable Luis Abinader Corona, Executive Vice President for Pioneer Funds Yamil Isaías, President of Campagna Ricart & Associates Dino Campagna, ...
Aimbridge Hospitality Adds 16 Extended Stay America Properties to Management Portfolio
Aimbridge Hospitality | October 13, 2020
PLANO, Texas, Oct. 13, 2020 - Aimbridge Hospitality, the leading, global, third-party hotel management company, announces it has added 16 Extended Stay America properties to its growing portfolio. Aimbridge now manages 36 Extended Stay America properties, with more in the pipeline. This portfolio of Extended Stay America properties has received $5 million of capital improvements in the last two yearsalone and will continue to receive capital improvements into the future from the new ownership group consisting of Lodging Advisory Group and ServiceStar Capital Management, LLC. Lodging Advisory Group (LAG) will serve as the portfolio's...
Mohegan Gaming & Entertainment (MGE) Plans Major Expansion of Premier Northwestern U.S. Property
Mohegan Gaming & Entertainment | October 9, 2020
UNCASVILLE, Conn., Oct. 9, 2020 - Mohegan Gaming & Entertainment, manager of ilani in Ridgefield, Wash., is pleased to announce major updates to its premier northwestern U.S. property as the brand continues its upward momentum in developing integrated entertainment resorts (IER) worldwide. In partnership with the Cowlitz Tribe, Howard S. Wright and Friedmutter Group, ilani will feature additions to its exterior and interior designs, including two new restaurant venues, expanded gaming space, as well as a 14-story hotel tower. The expansion is an extension of MGE's global growth strategy and the Cowlitz Tribe's long-term vision for its...
Choice Hotels Signs With Fredric Washington to Develop Six Hotels in Florida
Choice Hotels International | October 6, 2020
ROCKVILLE, Md., Oct. 6, 2020 - Choice Hotels International, Inc.'s (NYSE: CHH) one-of-a-kind emerging markets franchise development program has awarded a contract to Fredric Washington to develop six hotels. This new contract with an African American entrepreneur represents the largest minority multi-unit franchise agreement executed in the program's history. "Choice Hotels has a longstanding, deep commitment to diversity, equity and inclusion, and we strive to make every associate, franchisee and guest feel welcome, wanted and respected — that's our brand promise," said Patrick Pacious, president and chief executive officer, Choice H...
DoubleTree by Hilton Opens Beachfront Property in Mazatlán, Mexico
DoubleTree by Hilton | October 5, 2020
MAZATLÁN, Sinaloa, México - Hilton (NYSE: HLT) today announced the opening of DoubleTree by Hilton Mazatlán. The 18-story, 281-room full service hotel just minutes from Mazatlán’s famous Boardwalk is the latest addition to DoubleTree by Hilton, one of Hilton’s 18 market-leading brands. Located in the heart of the “Golden Zone” of Mazatlán, known for having the best restaurants, shops and nightlife, DoubleTree by Hilton Mazatlán features bright and vibrant accommodations with direct beach access and breathtaking views over the Mazatlán Pacific coastline. “We are thrilled to welcome DoubleTree by Hilton Mazatlán as the n...
The Unbound Collection by Hyatt Welcomes Grand Wuji Hotel in Nanjing, China
The Unbound Collection by Hyatt | September 30, 2020
CHICAGO (September 29, 2020) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of the wellbeing-focused Grand WUJI Hotel in Nanjing, the capital of Jiangsu Province, which marks the fourth property in China for The Unbound Collection by Hyatt as the brand expands its footprint globally in markets that matter most to guests and World of Hyatt members. “We are very excited to welcome guests to experience an extraordinary journey at Grand WUJI Hotel,” said Mr. Jenkin Li, general manager of the hotel. “At Grand WUJI Hotel, the essence of a healthy lifestyle is integrated into every detail of the guest experience. The res...
Virgin Hotels Las Vegas Sets January 2021 Opening Date
irgin Hotels Las Vegas | September 25, 2020
Today, Virgin Hotels Las Vegas, part of Curio Collection by Hilton™, announced the property’s grand opening date at a press event featuring property partners and investors at the porte-cochere. The revitalized property will open as Virgin Hotels Las Vegas with opening date, Jan. 15, 2021, being revealed on a digital mobile billboard. During his heartfelt speech, Richard “Boz” Bosworth, President and CEO of JC Hospitality, owner of Virgin Hotels Las Vegas, stressed the resilience of the hospitality, gaming and entertainment industry, the city of Las Vegas as a whole and expressed how he looks forward to bringing employees back t...
Service Properties Trust Sends Notice of Payment Shortfall to Marriott for Agreement Covering 122 Hotels
Service Properties Trust | September 25, 2020
Marriott Failed to Meet the Termination Threshold of 80% of Owner’s Priority Return through August. Failure to Pay the Shortfall Will Trigger SVC Termination Rights NEWTON, Mass. - Service Properties Trust (Nasdaq: SVC), or SVC, today sent a letter to Marriott International, Inc. (NYSE: MAR), or MAR, requesting MAR advance $11.0 million to cover the shortfall between the payments SVC has received to date from MAR and 80% of the priority returns due to SVC for the eight months ended August 2020. MAR has 10 days from receipt of the letter to make the payment, or SVC will have the right to terminate its agreement with MAR. SVC’s agreem...
Radisson Signs Radisson Blu Hotel, Sheffield in the UK
Radisson Blu | September 24, 2020
Radisson Hotel Group is pleased to announce the signing of Radisson Blu Hotel, Sheffield, expanding the brand’s UK presence in collaboration with the local city council as part of its flagship Heart of the City II development. The brand-new hotel, opening in 2023, will be housed in the striking Victorian architecture of Pinstone Street featuring 154 light, airy and spacious rooms with a prominent location including views of the Peace Gardens. The stylish property will also offer multi-functional and flexible meeting and events spaces as well as a modern gym for guests. The property will feature a high-end rooftop restaurant and bar lookin...
Hall Arts Hotel Joins Curio Collection by Hilton
HALL Group | September 22, 2020
DALLAS (September 21, 2020) – Announced today, HALL Arts Hotel is now a member of Curio Collection by Hilton, a group of hand-selected, four and five star independent properties offering travelers local discovery and authentic experiences. Guests of HALL Arts Hotel that are also Hilton Honors members can take advantage of all the services and experiences that come with the Hilton name and its renowned Hilton Honors program. Opened in December 2019 and developed by Craig and Kathryn Hall, proprietors of California’s award-winning HALL, WALT and BACA Wines and founders of Dallas-based real estate company HALL Group, HALL Arts Hotel is th...
IHG’s voco™ Brand Arrives in the Americas With First Locations Planned for New York City, Florida and Missouri
IHG | September 16, 2020
IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, today announced that its highly anticipated upscale voco™ brand has arrived in the Americas with first locations planned for New York City; St. Augustine, Florida; and Columbia, Missouri. Initially launched outside of the Americas in 2018 with the first hotel in Australia, the voco brand combines the informality and charm of an independent hotel with the quality and reassurance of a global and respected brand. With a focus on conversion opportunities, voco Hotels allows guests to enjoy an upscale experience with the freshness of a one-of-a-kind hotel under...
Accor Bringing Fairmont Brand to Australia With 2023 Opening in Queensland
Accor | September 10, 2020
Australia, 10 September 2020 – Accor will bring the luxury Fairmont brand to Australia for the first time, with the announcement that the Fairmont Port Douglas is set to open in Far North Queensland in 2023. Set on the edge of two UNESCO World Heritage sites – the Great Barrier Reef and the Daintree Rainforest - the hotel has been sustainably designed to give back to the environment. “We are excited to bring the extraordinary Fairmont brand to Australia and are confident that Fairmont Port Douglas will deliver a new level of luxury and sophistication to one of the country’s most glamourous resort towns,” said Simon McGrath, Ch...
Radisson Hotel Group Signs Master Franchise Agreement With Atlantica Hotels in Brazil
Radisson Hotel Group | September 9, 2020
Minneapolis MN - September 9, 2020 - Radisson Hotel Group is proud to announce it has signed a Master Franchise Agreement with Atlantica Hotels in Brazil. The two companies have held a longstanding relationship for nearly 20 years. Atlantica Hotels was previously a licensee for Radisson Hotel Group’s brands in Brazil, including Radisson Blu, Radisson RED, Radisson and Park Inn by Radisson. The Master Franchise Agreement will cover all seven of Radisson Hotel Group’s brands. The signing of this agreement will extend this relationship for another 20 years while growing Radisson Hotel Group’s presence throughout the country. “After 20 ...
Paramount Lodging Advisors (PLA) Leads the Successful Sale of the Houston Area Candlewood Suites
Paramount Lodging Advisors | September 9, 2020
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Candlewood Suites in Kingwood, TX. PLA was exclusively engaged to represent the seller in the transaction of the 73-room property. The marketing efforts were led by Managing Director Kami Burnette and Associate Mason McDavid. The 77-room property is in the heart of Kingwood and is ideally located near the Kingwood Medical District. Future plans include converting the property to an Extended Stay America branded hotel. “This is an unprecedented environment with numerous headwinds including COVID-related travel restrictions and frozen capital markets. We are excit...
Shiji Group and MCR Announce Agreement on the $46 Million Purchase of StayNTouch
Shiji Group | August 31, 2020
Shiji Group announces it's definitive agreement to sell StayNTouch for $46 Million to MCR, the fifth-largest hotel owner-operator in the United States. Shiji Group, a global hospitality technology provider, today announces it has reached a definitive agreement to sell StayNTouch to MCR, the fifth-largest hotel owner-operator in the United States, for the purchase price of $46 Million, including potential earnouts. The much anticipated announcement follows months of negotiations between the two parties after the U.S Administration, in March of 2020, ordered Shiji to divest of StayNTouch, a leading cloud hotel property management system ...
Walt Disney World Swan and Dolphin Resort Celebrated Topping Off of New 14-Story Tower
The Walt Disney World Swan and Dolphin Resort | August 31, 2020
LAKE BUENA VISTA, Fla. – Aug. 31, 2020 – The newest addition to the Walt Disney World Swan and Dolphin Resort has reached a key construction milestone with the topping off of the project’s top floor. The achievement was honored with the installation of a steel beam on the 14th story. As the beam was raised, it carried a tree and an American flag, as is construction industry tradition. The new tower is scheduled to open summer 2021 as a 349-room hotel to complement the iconic Walt Disney World Swan and Dolphin’s two original hotels. The occasion also marks a change to the project’s name. The new tower will now be called The Walt D...
The St. Joe Company Bringing New Hotel and Restaurant to Panama City’s Downtown Waterfront District
The St. Joe Company | August 28, 2020
PANAMA CITY BEACH, Fla. - The St. Joe Company (NYSE: JOE) (“St. Joe”) and the City of Panama City, Florida (“the City”) execute a long-term land lease to bring a new hotel and restaurant to Panama City’s downtown waterfront district. Under the terms of the lease St. Joe will lease a City-owned parcel to develop, construct and operate a waterfront hotel and standalone restaurant on a portion of the Panama City Marina property fronting beautiful St. Andrews Bay, which has a deep water channel to the Gulf of Mexico. This agreement comes after nearly two years of planning, discussions and public meetings between St. Joe, the City an...
Service Properties Trust to Transfer 103 Hotels to Sonesta From IHG
Service Properties Trust | August 25, 2020
NEWTON, Mass. - Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it will transfer the branding and management of 103 hotels to Sonesta International Hotels Corporation, or Sonesta, from InterContinental Hotels Group plc (NYSE: IHG), or IHG. As previously announced, SVC sent notices of termination to IHG for failure to pay SVC’s minimum returns and rents due for July and August 2020 totaling $26.4 million, plus accrued interest, and IHG had until August 24, 2020 to avoid termination by making payment to SVC. SVC did not receive any payment from IHG by August 24, 2020, nor does SVC expect to receive any payments from IHG ...
The Lake House on Canandaigua Opens in New York Following First Phase of Development
The Lake House on Canandaigua | August 25, 2020
Canandaigua, NY (August 14, 2020) – The Lake House on Canandaigua, a new Finger Lakes hotel created by the Sands Family, has officially opened its doors to guests following its first phase of development. The hotel, designed by New York-based firm Studio Tack in collaboration with family-owned design house The Brooklyn Home Company, presents a residentially inspired and design-forward hospitality experience, creating a new destination for travelers seeking an active wellness retreat in Western New York. The property currently offers room availability to guests in its Main House with dining accommodations at the reimagined Sand Bar. Add...
Middle East Hotel Construction Pipeline Continues to Show Signs of Decline* at Close of Q2 2020
Lodging Econometrics (LE) | August 20, 2020
August 20, 2020 – PORTSMOUTH, NH – According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the second quarter of 2020, the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms. The Middle East’s pipeline is down 7% by projects and 6% by rooms year-over-year (YOY). This is the fourth consecutive quarter the pipeline has declined since reaching its cyclical peak by projects in Q2 2019. However, projects currently under construction stand at an all-time high of 363 projects/117,458 rooms. Projects ...
IHG Signs With Riteway and Medha Projects to Develop Holiday Inn Resort in India
IHG | August 19, 2020
InterContinental Hotels Group® (IHG), one of world’s leading hotel companies, has signed a management agreement with Riteway and Medha Projects to bring a Holiday Inn Resort to the state of Karnataka. Offering 126 well appointed rooms, Holiday Inn Resort Sakleshpur Western Ghats is expected to open its doors to guests in Q1 2023. Underscoring industry confidence despite challenging times, this is the second signing announced by IHG in India in last three months. Located on the Western Ghats mountain range, in the state of Karnataka, Sakleshpur is in close proximity to Bengaluru, and is a great destination for leisure travellers looki...
Aimbridge Hospitality Portfolio Expansion Continues
Aimbridge Hospitality LLC | August 18, 2020
DALLAS, Aug. 18, 2020 - Aimbridge Hospitality, the leading, global, third-party hotel management company with more than 1,400 branded and independent properties across 49 states and 20 countries, is continuing to expand with new additions to its portfolio across all verticals. Since March 2020, Aimbridge Hospitality has added more than 40 properties with over 5,000 guest rooms to its portfolio in addition to over 30 properties in the pipeline as of August 15, 2020. CEO Dave Johnson said, "We are excited about our robust portfolio growth and look forward to a continued positive trajectory." The new additions to Aimbridge's managed po...
