Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3, 2024
Brandt Hospitality Group Getting Great Results From Accounting Software Partner
Aptech | June 5, 2024
Finance & Development
Everhome Suites Continues Sustained Growth Across the Southwest With Six Groundbreakings
Everhome Suites: Closer to Home | February 2, 2024
Choice Hotels continues to lead in extended stay, with latest Texas and Arizona groundbreakings NORTH BETHESDA, Md., Feb. 2, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) continues its leadership in extended stay with five Everhome Suites breaking ground in Texas cities including Amarillo, Bastrop, Brownsville, El Paso, and Waco, and one groundbreaking in Yuma, Arizona. Driven by a thriving economy, diverse business landscape, favorable climate, and a steady influx of travelers, the Southwest presents an unparalleled opportunity for both business and leisure travelers seeking extended stay accommodations. "With over 60 Everh...
Hyatt, HTTG and The Dragon Group Announce Strategic Cooperation Agreement to Develop Hotels in China
Hyatt Hotels Corporation | February 2, 2024
Achieving win-win, the collaboration can expand Hyatt’s brand footprint in China and foster the strategic development of The Dragon Group and visibility for its boutique hotel brands HANGZHOU, CHINA / CHICAGO (February 2, 2024) — Hangzhou Trade and Tourism Group (“HTTG”), Zhejiang Dragon Hotel Management Group Co., Ltd (“The Dragon Group”) and Hyatt Hotels Corporation (NYSE: H) today announced that affiliates of the three parties entered into a strategic cooperation agreement. The cooperation aims to drive the expansion of hotels under Hyatt’s distinguished Independent Collection and select service brands in China and fo...
Bob W Expands in the Nordics With Two More Properties in Finland
Bob W | February 2, 2024
Helsinki, 2 February 2024- Tech-led serviced apartment brand Bob W has announced two more properties in Finland, as it continues to strengthen its foothold in Europe. In addition to Helsinki property Bob W Kaarti that is due to open this summer, new property Bob W Kamppi is also situated in the Finnish capital while Bob W Turku City Centre, is the company’s first property in this historic area of Finland. Combined, these two locations add over a hundred sustainable apartments to the company’s growing portfolio. Known for its distinctive tech, these design led, sustainable apartments benefit from locally inspired interiors and a...
IHG Signs Nine Hotels Across Five Brands in UK & Ireland
IHG | February 1, 2024
Multi-segment growth continues with nine new hotels across five brands 31.01.24 (London, UK): IHG Hotels & Resorts, one of the world’s leading hotel companies, announces nine signings across five brands in UK and Ireland – totalling more than 1,000 new rooms – as its rapid growth in all market segments continues. The hotels span IHG’s popular Hotel Indigo, voco hotels, Holiday Inn, Holiday Inn Express and Staybridge Suites brands, and significantly increases the company’s already-impressive footprint in UK&I, where it has more than 350 open hotels. Covering all four market segments in Luxury & Lifestyl...
Iconic Fairmont Brand Returning to New Orleans in Summer 2025
Fairmont | January 31, 2024
NEW YORK, Jan. 31, 2024 – World-renowned luxury brand Fairmont Hotels & Resorts and Louisiana-based developer Kailas Companies today announced the official kickoff of the downtown redevelopment project of 1010 Common Street, which will mark the return of the iconic Fairmont brand to New Orleans. Slated to open summer 2025, the hotel is destined to become an illustrious destination in the Central Business District, nearby the city’s renowned and historic French Quarter. “Fairmont New Orleans will be an impressive new addition to Fairmont’s luxury portfolio in a key North American market,” shared Omer Acar, CEO, Fairmont Hotels...
Grupo Puntacana Announces New Ultra-Luxury Hotel Project at Playa Serena Puntacana Resort
| January 31, 2024
MADRID, Jan. 31, 2024 -- During the 44th edition of the International Tourism Trade Fair (FITUR 2024), held in Madrid, Spain, Grupo Puntacana announced the development of its next hotel project in Playa Serena Puntacana Resort, a unique proposal in ultra-luxury tourism. The Playa Serena hotel will be a project where nature meets luxury and exclusivity. It will have capacity for 160 guests, 75 suites, 5 overwater villas, 1 beach club, 3 restaurants, 1 themed restaurant, 1 beach restaurant, 4 bars and 8 spa bungalows. It is projected to open in 2026. The announcement was made by Grupo Puntacana executives Frank Elías Rainieri, CEO; Pa...
IHG Hotels & Resorts Re-Enters Swedish Market With the Signing of voco Stockholm Kista
IHG | January 30, 2024
The 201-room hotel is expected to open its doors in the second half of 2024. 30.01.24 (London, UK): IHG Hotels & Resorts, one of the world’s leading hotel companies, has entered into a franchise agreement with Mogotel and development partner Revelop, to mark IHG’s re-entry into Sweden with voco Stockholm Kista. This latest signing signifies IHG’s strong owner relationships and its commitment to growth in new and emerging markets such as Sweden, drawing on its scale of more than 780 open hotels across Europe. voco hotels, IHG’s fastest-growing premium hotel brand with over 100 properties signed and opened globally, will mark ...
Nearly 50% of Latin America’s Hotel Construction Pipeline Now Under Construction
Lodging Econometrics | January 30, 2024
January 30, 2024 – PORTSMOUTH, NH According to the Q4 2023 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), projects and room counts in the region’s total construction pipeline each increased by 11% each year-over-year (YOY) to stand at 594 projects and 97,679 rooms at the close of the quarter. At Q4, projects currently in the under construction stage account for nearly half of the projects and rooms in Latin America’s total pipeline. Projects under construction stand at 238 projects/42,644 rooms, up 7% by projects and 6% by rooms YOY. Projects scheduled to start construction in the next 12 months a...
North America Hoteliers Say PVNG Accounting Software From Aptech Is ‘Grrreat!’
Aptech | January 30, 2024
For the second consecutive year the family owned and operated financial management software company has been named a ‘Finalist’ in the HTR ‘Best Finance & Accounting Software’ popularity index PITTSBURGH, January 30, 2024 — Bigger does not mean better. But better is how companies thrive. Such is the case for Aptech. PVNG by Aptech was recently named a finalist in the Hotel Tech Report “Best Finance & Accounting Software” 2024 popularity index for the second consecutive year. At the core of Aptech’s success is its deep and personal relationships with its customers – people the family-owned and operated financial ma...
Canada’s Hotel Construction Pipeline Closes 2023 With a 10% Year-Over-Year Project Increase
Lodging Econometrics | January 29, 2024
January 29, 2024 – PORTSMOUTH, NH – According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, the country ended 2023 at 294 projects/38,396 rooms, a mere 11 projects short of the country’s peak of 305 projects achieved in Q4 2019. Canada’s pipeline is up 10% by projects and 7% by rooms, year-over-year (YOY). At the close of 2023, there are 66 projects/8,998 rooms under construction, up 27% by projects and 36% by rooms YOY. Projects scheduled to start construction within the next 12 months are at 85 projects/9,810 rooms, while those in early planning are at 143 projects/19,588 rooms, up 12% b...
The Heart of Europe and IHG Hotels & Resorts Partner to Operate Côte d’Azur Monaco Hotel Under the voco Brand
IHG | January 25, 2024
Dubai, United Arab Emirates, 25th January 2024: The Heart of Europe, Kleindienst Group’s flagship project, partnered with IHG Hotels & Resorts, one of the world’s leading hotel companies, to operate the ‘Côte d’Azur Monaco Hotel’ at The Heart of Europe in Dubai under the globally acclaimed voco brand, as ‘voco Monaco Dubai.’ This appointment complements The Heart of Europe’s ethos, which aligns with The World Island’s vision to bring the world together, showcasing the best from across the globe in design, development, innovation and energy efficiency. Starting in Q1 2024, the French Riviera-inspired 198-room hotel...
IHG Hotels & Resorts Signs LOI to Bring Its New Midscale Conversion Brand Garner to Japan in 2024
IHG | January 25, 2024
IHG launched Garner in August 2023 and expects this new brand to reach an estate of over 500 hotels over the next 10 years and 1,000 hotels over the next 20 years. This is the first time an LOI for the Garner brand has been signed outside of North America Three hotels in Osaka would refurbish and open under the Garner brand in 2024 The agreement continues IHG’s record growth momentum in Japan Tokyo, Japan – 25 January 2024: IHG Hotels & Resorts (IHG) plans to launch the Garner™ brand in Japan this year, marking the first deal outside of North America for its new midscale conversion brand. It follows the signing ...
IHG Continues Expansion of Vignette Collection With Sixth Signing in Thailand
IHG | January 25, 2024
Bangkok, Thailand – 25 January 2024 – IHG Hotels & Resorts, one of the world’s leading hotel companies, is proud to announce the signing of its sixth Vignette Collection property in Thailand. The beachfront resort along Nai Yang Beach joins IHG Hotels & Resorts’ growing Luxury and Lifestyle portfolio – now the second largest in the world – as its first collection brand strides towards its ambition to reach 100 properties in 10 years. Opening in 2028, Phuket Nai Yang Beach, Vignette Collection will be the third Vignette Collection property with partner Dinso Resort Co. Ltd, joining the recently-opened Dinso Resort &a...
Marriott International and Delonix Group Announce Strategic Cooperation Agreement in Mainland China
Delonix Group | January 25, 2024
Collaboration includes opportunity to affiliate over 100 full service Delonix hotels with Marriott’s Tribute Portfolio Marriott International and Delonix Group, one of the leading China-based hospitality companies, today announced a long-term cooperation agreement under which the two companies will work together to grow Marriott’s Tribute Portfolio brand in mainland China. The Delonix portfolio currently includes ten hotel brands with over 1,400 hotels open or in the development pipeline. The parties anticipate that at least 100 properties could become part of the Tribute Portfolio over the coming years. Through this collaboration, Ma...
Turnberry To Develop The St. Regis Nashville and The Residences at The St. Regis Nashville
Turnberry | January 24, 2024
NASHVILLE, Tenn., Jan. 24, 2024 - Turnberry, one of the premier real estate developers in the U.S. and a leading owner and operator of luxury destinations, today announced that it will develop and operate The St. Regis Nashville and The Residences at The St. Regis Nashville. Located at 805 Demonbreun Street in Nashville, the new luxury offering is being designed by award-winning architect Morris Adjmi. It will feature interiors by the distinguished design boutique Meyer Davis, whose principals hail from Nashville, and internationally established Smallwood, Reynolds, Stewart, Stewart will serve as the architect of record. The St. Regis ...
Global Hotel Investment Volume Will Accelerate in 2024, Exceeding the Previous Year by 15% to 25%
JLL | January 24, 2024
JLL’s 2024 Global Hotel Investment Outlook outlines the resilience and growth of the hotel sector as consumers continue to prioritize spending on travel CHICAGO, Jan. 24, 2024 – JLL’s Hotels & Hospitality Group has released their flagship Global Hotel Investment Outlook, which reveals that global hotel performance soared in 2023, reaching a full recovery. Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR (revenue per available room) achieving a full recovery and surpassing 2019 levels b...
Dallas Dominates U.S. Hotel Construction Boom: Q4 ’23 Report Reveals Record-High Project and Room Counts
Lodging Econometrics (LE) | January 24, 2024
January 24, 2024 – PORTSMOUTH, NH – In the ever-changing landscape of the U.S. hospitality industry, the Q4 2023 U.S. Construction Pipeline Trend Report by Lodging Econometrics (LE) sheds light on dynamic trends across key markets. Dallas emerges as a powerhouse, leading the nation with a record-breaking 193 projects/22,291 rooms, signifying Dallas’s robust growth and confidence in the hospitality sector. Following closely is Atlanta, setting its own record with 151 projects/18,730 rooms. Nashville joins the ranks with 123 projects/16,148 rooms, followed by Phoenix with 122 projects/15,977 rooms, and the Inland Empire with 116 projec...
RREAF Holdings and Innisfree Hotels Partner to Develop Brand-New Margaritaville Resort on Galveston Beach
RREAF Holdings | January 24, 2024
DALLAS, Jan. 24, 2024 – RREAF Holdings LLC, a private real estate development firm, today announced its partnership with Innisfree Hotels, a best-in-class operator of beachfront hotels and resorts in the Southeastern United States, to develop a brand-new Margaritaville resort in Galveston, Texas. The deal totals just over $250 million and is located at 317 East Beach Drive. Once complete, the resort will occupy 300,000 square feet, making it one of the largest developments in eastern Galveston. The property will feature 334 rooms and include offerings such as a 2.5-acre elevated water park overlooking the beach, four restaurants, a ballr...
Hilton Launches Initiative to Open New Pathways to Hotel Ownership
Hilton | January 22, 2024
In a first for the hospitality industry, Hilton’s “Unlocking Doors” program provides education, networking and access to capital supporting new and aspiring hotel owners MCLEAN, Va. – In an effort to help create opportunity for people looking to realize the dream of owning or growing their own business, Hilton has announced the creation of “Unlocking Doors,” a program designed to support new and aspiring hoteliers on their journey to hotel ownership. Launching this week at the Americas Lodging Investment Summit (ALIS), Unlocking Doors will create meaningful pathways to hotel ownership for entrepreneurs who are new to the i...
U.S. Hotel Construction Pipeline Hits All-Time Record High Project Counts at Q4 Close
Lodging Econometrics | January 22, 2024
January 22, 2024 – PORTSMOUTH, NH According to the 2023 year-end U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline stands at 5,964 projects/693,963 rooms. The pipeline hit record project counts at Q4, with the addition of 260 projects and 21,287 rooms over last quarter, and a 9% increase by projects and a 7% increase by rooms year-over-year (YOY). The previous project count high was Q2 2008 with 5,883 projects. At the close of 2023’s fourth quarter, there are 1,118 projects/141,768 rooms under construction, up 11% by projects and 5% by rooms YOY. Projects scheduled to start within the next 12 month...
SH Hotels & Resorts Embarks on a Major Global Expansion
SH Hotels & Resorts | January 18, 2024
The Groundbreaking Hospitality Company Behind 1 Hotels, Baccarat Hotels, and Treehouse Hotels Has More Than 30 Projects Open and in the Pipeline MIAMI, FL (January 18, 2024) - Reinforcing its position as a leader in the purpose-driven luxury and lifestyle hotel segment, SH Hotels & Resorts—founded by hospitality visionary Barry Sternlicht—is embarking on a significant worldwide expansion of its portfolio across four continents and 13 countries and territories. With more than 30 hotels and branded residential projects open and in the pipeline, plus a number of deals in the LOI stage, SH Hotels & Resorts is shaping the future of...
Marriott International and Aimbridge Hospitality Collaborate to Develop Three Hotels In Mexico
Marriott International | January 18, 2024
The companies are delighted to boost tourism in the Mexican market with the signing of three exclusive hotels under the Aloft Hotels and Sheraton Hotels & Resorts brands in Guadalajara, as well as Delta Hotels & Resorts in Puebla. Mexico City, January 18, 2023 – Marriott International announced today the expansion into important markets in Mexico with the signing of three agreements to bring the Aloft Hotels and Sheraton Hotels & Resorts brands to Guadalajara and Delta Hotels & Resorts to Puebla. With these agreements, the company reinforces its commitment to a strategic expansion in high-growth markets in Mexico, with a g...
Marriott International, Concord Hospitality and Whitman Peterson Celebrate Groundbreaking of First StudioRes Property in Fort Myers, Florida
Marriott International | January 18, 2024
Ceremony marks milestone for Marriott’s new affordable midscale extended stay brand in U.S. and Canada Today, Marriott International, Inc. (NYSE: MAR) celebrated the groundbreaking of its inaugural StudioRes brand hotel, as Concord Hospitality began construction of its first property in Fort Myers, Florida. Announced in June 2023, the StudioRes brand is Marriott’s new affordable midscale extended stay brand in the U.S. & Canada. The StudioRes property in Fort Myers is projected to open in Spring 2025 and is being developed by Concord Hospitality with its long-time partner Whitman Peterson. Concord expects to develop around 50 Stu...
Hard Rock International and Pointe Vista Holding Company to Develop Hard Rock Hotel and Residences at Lake Texoma
Hard Rock Hotels & Casinos® | January 17, 2024
LAKE TEXOMA, Texas, Jan. 17, 2024 -- Today, Hard Rock International in partnership with Pointe Vista Holding Company announced development plans for the Hard Rock Hotel at Lake Texoma and The Residences at the Hard Rock Hotel Lake Texoma. Set to begin construction in March 2024, the Hard Rock Hotel and Residences will be located within the Pointe Vista development, joining a 2,700-acre master-planned resort community featuring over 19 miles of shoreline, a golf course, enclosed waterpark, family entertainment center, amphitheater, casino and more. The project is expected to create over 9,000 jobs in the area. With a planned Q2 2026 o...
