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
DUR Hospitality, Via a Franchise Agreement with IHG, to Rebrand Riyadh Palace Hotel as Crowne Plaza Riyadh Palace
IHG | February 27, 2018
Dur Hospitality, the Saudi grown hospitality company, and IHG (InterContinental Hotels Group), one of the world's leading hotel companies, have recently announced the signing of a franchise agreement for Crowne Plaza Riyadh Palace, under the master franchise agreement signed in 2014 for 4 hotels. Currently operating as Riyadh Palace Hotel, the property is expected to be rebranded to Crowne Plaza by June 2018. Remarking on this, Mr Ahdab, President of Hotel Operations Dur Hospitality said: "We are delighted to partner with IHG® yet again, for their world class brand – Crowne Plaza®, making this our second hotel with them, f...
Asia Pacific Pipeline Excluding China Is Booming With Projects Up 13% YOY
Lodging Econometrics | February 27, 2018
February 27, 2018 – PORTSMOUTH, NH – The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,760 Projects/362,826 Rooms, up 13% by projects Year-Over-Year (YOY) and establishing a new record peak for this cycle according to analysts at Lodging Econometrics (LE). There are 971 Projects/211,827 Rooms Under Construction, up 15% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 393 Projects/78,881 Rooms, up 21%, while projects in Early Planning at 396 Projects/72,118 Rooms, up 3% YOY. The top three countries in the Asia Pacific Co...
AJR Hospitality and Hotel Equities Open Fairfield Inn & Suites by Marriott in Dublin, Georgia
Hotel Equities | February 26, 2018
ATLANTA/Dublin, GA – February 22, 2018 – Hotel Equities announced the opening of the 75-room Fairfield Inn & Suites by Marriott in Dublin, Georgia. Located at 620 Pinehill Road, the Fairfield Inn & Suites Dublin will operate as a Marriott franchise, owned by AJR Hospitality LLC and managed by Hotel Equities of Atlanta, Georgia. Malcolm Donseroux serves as the General Manager with Nicole Asbell as the Assistant General Manager. "We are excited to introduce the Fairfield Inn & Suites to the Dublin area," said Joe Reardon, Senior Vice President of Business Development and Marketing. "This is the first Marriott hotel...
Europe Hotel Construction Pipeline Booming With 22% YOY Growth and Middle East Pipeline Up With 11% YOY Growth
Lodging Econometrics | February 26, 2018
February 26, 2018 – PORTSMOUTH, NH – In line with its surging economic recovery, a recent Hotel Construction Pipeline Trend Report for Europe states that the Total Pipeline is booming with 1,316 Projects/205,650 Rooms, up 22% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE). There are 636 Projects/103,736 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 412 Projects/63,815 Rooms, up 45%, while projects in Early Planning at 268 Projects/38,099 Rooms are up by 2%. The top countries in the Europe Construction Pipeline are: United Kingd...
Investing Into Brands of the Future
Pascal Gauvin | February 22, 2018
By Pascal Gauvin , Managing Director, India, Middle East and Africa (IMEA), IHG Today, investors ultimately select brands based upon strong operations, distribution, production, revenue management, ADR, occupancy, and RevPAR achieved. However, in the immediate future and beyond, investors should be looking at hotel brands with more granularity. As competition across the industry becomes more fierce and more disruptors enter the market, investors should assess which hotel brands are more receptive to the changes in consumer behaviour and are likely to adapt and consistently remain relevant to the traveller of the future. Brands that will...
Holiday Inn Express® Moscow – Sheremetyevo Airport Opens in Russia
IHG | February 21, 2018
IHG® (InterContinental Hotels Group®), one of the world's leading hotel companies, today announces the opening of Holiday Inn Express® Moscow – Sheremetyevo Airport. Located within walking distance to terminals D, E and F at Sheremetyevo International Airport, Russia's largest airport by passenger numbers, the hotel is in a prime location to accommodate Russian and international travellers, as well as the crew of leading airlines. Moscow Sheremetyevo International Airport is the largest hi-tech terminal complex in Eastern Europe with 35 million passengers a year (according to Aviaport agency) and is a leading Russian c...
B. F. Saul Real Estate Investment Trust Opens New Homewood Suites by Hilton Arlington Rosslyn Key Bridge in Virginia
Homewood Suites by Hilton | February 20, 2018
ARLINGTON, Va. and MCLEAN, Va. - Homewood Suites by Hilton, part of Hilton's (NYSE: HLT) All Suites portfolio, announced today its newest property, Homewood Suites by Hilton Arlington Rosslyn Key Bridge. Designed for guests who want to travel on their own terms, Homewood Suites by Hilton Arlington Rosslyn Key Bridge offers guests all the comforts of home, whether they are traveling for work or enjoying a well-earned getaway. With 168 new suites, the hotel is situated in the Rosslyn business district, just minutes to the activity centers of Arlington as well as Georgetown and downtown Washington, D.C. With close Metro accessibility, ...
Hilton Debuts First Dual-Brand Property in Mexico With Addition of Hilton Garden Inn Mexico City Santa Fe to DoubleTree by Hilton Opened in 2016
Hilton Garden Inn | February 20, 2018
MEXICO CITY, MEXICO and MCLEAN, Va. – February 20, 2018 – Hilton Garden Inn, Hilton's (NYSE: HLT) upscale yet affordable global brand of hotels, today announced the opening of Hilton Garden Inn Mexico City Santa Fe. In conjunction with the DoubleTree by Hilton Mexico City Santa Fe opened in 2016, the two hotels represent Hilton's first dual-brand property in Mexico. The contemporary Hilton Garden Inn Mexico City Santa Fe hotel offers 190 spacious guest rooms and suites for business and leisure travelers seeking upscale accommodations in an easy-going, amenities-rich environment. Meanwhile, the DoubleTree by Hilton Hotel Mexi...
Hotel Equities Promotes Becky Aleman to Regional Director of Operations
Hotel Equities | February 19, 2018
ATLANTA, GA (February 19, 2018) – Atlanta-based Hotel Equities (HE) recently promoted Becky Aleman to the position of Regional Director of Operations. Ms. Aleman has oversight of all above-property operations for a group of hotels managed by Hotel Equities. Based in Virginia, she most recently served as the General Manager of the Fairfield Inn & Suites by Marriott Lynchburg. With more than 16 years of hospitality industry experience, Ms. Aleman began her hospitality career as the Sales Manager at the TownePlace Suites by Marriott in Yorktown, Virginia and soon earned the post of Assistant General Manager at Courtyard by Marrio...
Latin America’s Construction Pipeline Stalling With Pojects Down 5% YOY
Lodging Econometrics | February 14, 2018
February 14, 2018 – PORTSMOUTH, NH The Total Construction Pipeline in Latin America has 831 Projects/142,084 Rooms, down 5% by projects Year-Over-Year (YOY). There are 374 Projects/67,130 Rooms Under Construction, down 9% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 208 Projects/31,614 Rooms, up 23%, while those in Early Planning are at 249 Projects/43,340 Rooms, down 16% YOY. The top hotel companies in Latin America's Construction Pipeline by projects are: AccorHotels with 136 Projects/19,729 Rooms, Marriott International with 99 Projects/16,054 Rooms and Hilton Worldwide with 70 Projects...
Hilton Signs with Gulf-Egypt for Hotels & Tourism to Operate Heliopolis Hotel & Towers as Hilton Cairo Heliopolis and Soon-to-Be Waldorf Astoria in Af
Hilton | February 14, 2018
CAIRO, Egypt, February 14, 2018 -- Hilton (NYSE:HLT) continues its growth and development in Egypt, 60 years after first entering the country, with the opening of the Hilton Cairo Heliopolis. The leading global hospitality company has also confirmed plans for the debut of its luxury brand Waldorf Astoria in Egypt later this year – once rebranded, this will be the company's first Waldorf Astoria hotel in Africa, staking ground for Hilton as a luxury operator in the region. Hilton has signed two management agreements with Gulf-Egypt for Hotels & Tourism (S.A.E) to operate Heliopolis Hotel & Towers Luxury Hotel under two dist...
Hilton and Zagreb City Hotels Developing Canopy by Hilton Zagreb Opening in Croatia Late 2018
Canopy by Hilton? | February 13, 2018
ZAGREB, Croatia and MCLEAN, VA – February 13, 2018 – Hilton (NYSE:HLT) and Zagreb City Hotels d.o.o announced today development plans for Canopy by Hilton Zagreb. The project, featuring Hilton's hotel brand that redefines the lifestyle hotel category, is scheduled to open in late 2018. The property will provide a comfortable stay for guests in search of thoughtfully local experiences in Zagreb's vibrant downtown neighborhood. The hotel will be the first Canopy in continental Europe. Situated in downtown Zagreb, close to the city's main rail station, the hotel is expected to welcome its first guests in late 2018, and will be ...
Projects in Canada’s Construction Pipeline Up 17% YOY
Lodging Econometrics | February 13, 2018
February 13, 2018 – PORTSMOUTH, NH According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 244 Projects/32,170 Rooms, up 17% by projects Year-Over-Year (YOY). There are 87 Projects/11,286 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 91 Projects/10,536 Rooms, up 15%, while those in Early Planning are at 66 Projects/10,348 Rooms, up 18%. The top hotel companies in Canada's Construction Pipeline by projects are: Marriott with 54 Projects/7,764 Rooms, InterContinental Hotels Group (IHG) with 43 Projects/4,436 Rooms, and H...
Mid-Market Brands Led Hotel Sales Volume in 2017
Lodging Econometrics | February 12, 2018
February 12, 2018 – PORTSMOUTH, NH – According to the recent U.S. Transaction Trend Report from Lodging Econometrics (LE), major mid-market brands with a price reported into the public domain led the U.S. in hotel sales volume in 2017. The Hilton brands with most hotel sales by price were Hilton Garden Inn with an Average Selling Price Per Room (ASPR) of $193,732 for 16 hotels, Homewood Suites with an ASPR of $189,342 for 13 hotels and Hampton Inn & Suites with an ASPR of $114,383 for 29 hotels. The Marriott brands with the most hotels sold in 2017 were Residence Inn with an ASPR of $152,672 for 31 assets, Courtyard with...
Orlando Tops 2017 Markets with 21 Hotels Sold and Average Selling Price Per Room of $96,402
Lodging Econometrics | February 12, 2018
February 12, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), through the end of 2017 the markets with the largest number of hotels with selling prices reported into the public domain were: Orlando with 21 hotels and an Average Selling Price Per Room (ASPR) of $96,402, followed by two markets with 19 hotels sold, New York with an ASPR of $426,443 and Washington DC with $260,681. The next three markets with 15 hotels sold each were: Seattle with an ASPR of $236,958, Phoenix with $205,265 and Atlanta with $136,321. ...
Anichi Development Breaks Ground on 120-Room Anichi Resort in Dominica Set to Open Late 2019
Dominica | February 12, 2018
Roseau, Dominica – (February 12, 2018) Principals of the Anichi Resort and Spa hosted Prime Minister Roosevelt Skerrit and members of his Cabinet in a ground breaking ceremony for the 120 room property to be built in the northern town of Portsmouth. This boutique property will be operated by Trust Hospitality under the Autograph Collection Hotels brand of Marriott and is expected to open in late 2019. According to Alick Lawrence, CEO of Anichi Development, "This ground breaking ceremony is particularly relevant post Hurricane Maria, as it shows the resiliency of our people while instilling trust in the economic climate and hope in...
Dori Familiant Appointed General Manager Hilton McLean Tysons Corner
Hilton | February 12, 2018
MCLEAN, VA. – FEBRUARY 12, 2018 -- Dori Familiant has been appointed general manager of Hilton McLean Tysons Corner, according to Doug Gehret, Area Vice President, Park Hotels. Located in the Northern Virginia Technology corridor close to many major corporate headquarters, including Hilton headquarters, the 458-room hotel serves as an Innovation Hub where many of new meeting, guest room, service, technology and food and beverage concepts are tested. His appointment is effective immediately and he will oversee the day-to-day operations of Hilton McLean Tysons Corner. Prior to this appointment, Familiant held the general manager pos...
Brand Finance Hotels 50 Claims Marriott Closer to Checking In as Most Valuable Hotel Brand
Brand Finance | February 8, 2018
Hilton remains world's most valuable hotel brand but lead over Marriott shrinks 74%; Premier Inn and Holiday Inn are strongest hotel brands as consumers appreciate value for money; Airbnb's disruptive presence only set to grow as it targets business travellers For the third year in a row, Hilton is the world's most valuable hotel brand, with a brand value of US$6.3 billion. However, recording a 24% fall from last year, Hilton has seen their lead at the top over Marriott shrink from more than US$3.3 billion to just US$865 million, a staggering 74% reduction. As Hilton's brand value decreased, Marriott improved its brand value 8% to just...
Carlson Rezidor Hotel Group Expands Its Development Team in the Americas with Nine Appointments
Carlson Rezidor Hotel Group | February 8, 2018
MINNEAPOLIS (February 8, 2018) – Carlson Rezidor Hotel Group, one of the world's largest and most dynamic hotel groups, today announced the appointment of nine field directors within its development team. This new geographical structure allows the team to work more effectively with franchise owners and operators in addition to other business areas across the organization. "The diverse backgrounds of the newly appointed directors will be an enormous asset to our Americas development team as we execute our new 5-year Plan," said Terry Sanders, chief development officer, Americas, Carlson Rezidor Hotel Group. "This new team and refre...
Hotel Sales Volume Declines, Average Price Per Room Increases Moderately
Lodging Econometrics | February 8, 2018
February 8, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), in 2017 there were 827 hotel transactions where selling prices were reported into the public domain. The Average Selling Price Per Room (ASPR) for the period was a reported $141,479, down from the peak of $154,230 set in 2015, but up 8.6% Year-Over-Year (YOY). There was $15.3B in purchases of hotel assets and property transfers in 2017, excluding M&A activity, down substantially from the peak established in 2015 of $26.1B. REITs were the largest net investors for their portfolios with $4.2B in investments, followed by privately held e...
Meisel Holdings Managed Services – Driven by Data, But Powered by Professionals
Meisel Holdings Managed Services | February 6, 2018
Rockville, MD – February 07, 2018 - Meisel Holdings Managed Services is expanding its hotel management division to offer hospitality management services to hotel owners and asset managers in the U.S. Founded by Marc Meisel, a long-time hotel management/development and commercial real estate leader, Meisel Holdings Managed Services specializes in yielding above-market profits and building long-term asset value for hotels and resorts. "We take a fresh approach to hotel management," Meisel said. "We don't blindly rely on "automated intelligence" to analyze data and make decisions. Instead, we collect your hotel's data and market info...
IHG Appoints Karin Sheppard as Managing Director for Europe
IHG | February 5, 2018
IHG® (InterContinental Hotels Group) has appointed industry leader Karin Sheppard as Managing Director for IHG across its European business. Based in IHG's global headquarters in Buckinghamshire, Karin is responsible for driving the sustainable long term growth of IHG and the performance of its European hotels. Karin brings more than 15 years of IHG experience and more than 20 years of international experience across technology, telecommunications and hospitality. Prior to her appointment as Managing Director for Europe in January 2018, Karin served as Chief Operating Officer (COO) of Australasia and Japan, leading the operations an...
Extended-Stay Hotels Account for 27% of All Projects Under Construction
Lodging Econometrics | February 2, 2018
February 2, 2018 – PORTSMOUTH, NH – According to recent reports from Lodging Econometrics (LE), 1,370 Projects/143,344 Rooms in the U.S. Construction Pipeline are extended-stay projects. Of these, 424 Projects/46,551 Rooms are Under Construction, accounting for 27% of all projects Under Construction in the Total Pipeline. Additionally, 605 Projects/64,121Rooms are Scheduled to Start Construction in the Next 12 Months while an additional 341 Projects/32,672 Rooms are in Early Planning. Home2 Suites by Hilton currently has the largest Extended-Stay Pipeline with 355 Projects/37,188 Rooms. The second largest brand is Marriott&#...
Hotel Equities Enters Canada; Creates Regional Support to Manage Two Marriott Hotels in Edmonton, Alberta
Hotel Equities | February 1, 2018
ATLANTA–February 1, 2018 – Hotel Equities has entered the Canadian market to oversee two Marriott hotels in Edmonton, effective immediately. Hotel Equities adds its first hotels in Canada after the firm's executive team recently restructured the organization to support both domestic and international growth. Located in Alberta, in the western region of Canada, the new Fairfield Inn & Suites by Marriott Edmonton North and the recently built TownePlace Suites by Marriott Edmonton South are owned by Iliyan Hospitality, Inc. Owners of Iliyan Hospitality explored several management options and felt Hotel Equities was a great ...
