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
Four Seasons Reveals Plan for Second Luxury Hotel in Hangzhou, China
Four Seasons | November 14, 2023
The bustling downtown core will soon welcome a Four Seasons hotel as part of the highly anticipated Hangzhou Centre mixed-use development project TORONTO, Nov. 14, 2023 -- In partnership with Greentown China Holdings Limited, China Resources Land Limited and Hangzhou Metro Development Company Limited, luxury hospitality company Four Seasons will open its second Hotel in Hangzhou, China in 2024. At the heart of the city's newest mixed-use development project, Hangzhou Centre Towers, Four Seasons Hotel Hangzhou at Hangzhou Centre will offer a luxury hospitality experience inspired by the timeless elegance of the city's natural landscap...
Choice Expands Paladin Equity Capital Partnership With Three New Hotels Under Construction
Everhome Suites | November 14, 2023
Choice Hotels' extended stay pipeline grows by 12 percent year over year, with latest projects developed by Paladin Equity Capital ROCKVILLE, Md., Nov. 14, 2023 -- Choice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with three new Everhome Suites under construction, and six more in various stages of development across the Southern California region. For the first nine months of 2023, Choice's extended stay hotel openings grew by 38 percent compared to the same period in 2022. Choice's extended stay domestic pipeline increased 12 percent year over year to over 47,000 rooms in the third quarter of ...
IHG Signs With Al Jumaiah Group for Two Hotels in the Al Shafa, Taif
IHG | November 14, 2023
The signing will see IHG debut Holiday Inn & Suites and Staybridge Suites brands in the city Saudi Arabia, 14 November 2023: IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of Holiday Inn & Suites Taif and Staybridge Suites Taif, in partnership with Al Jumaiah Group. Both properties are set to open in Q4 2025 in the Al Shafa, Taif, a relaxing destination located 2,500 meters above sea level and known for its historical sites, panoramic scenic views, pleasant weather, and fragrant rose gardens. The new resorts will play a vital role in supporting Taif’s growing hospitality s...
YOTEL Signs With High Steet Holdings for First Malaysia Hotel
YOTEL | November 14, 2023
Set to open in summer 2025, YOTEL Kuala Lumpur will be located in Kuala Lumpur City Centre KUALA LUMPUR, NOVEMBER 2023 - YOTEL, in partnership with High Steet Holdings, has announced its debut in Malaysia with the signing of YOTEL Kuala Lumpur, a 290-room hotel located in the heart of the capital’s Central Business District. News of the opening reinforces the brand’s commitment to expanding in the region and globally. Projected to open in summer 2025, YOTEL Kuala Lumpur will boast a prime location in the Kuala Lumpur City Centre (KLCC) district, in the city’s renowned Golden Triangle. In a sought-after location for business and...
Accor and Construcții Erbașu Consolidate Partnership With Signing of Two New Hotels and Management Extension
Accor | November 13, 2023
World leading hospitality group Accor announces the strengthening of its ongoing partnership with renowned local company Construcții Erbașu, through the signing of hotel management agreements for two new hotels in Bucharest and Oradea and the extension of the existing management agreement for ibis Styles Bucharest Erbas. The two companies will join hands for the opening of the new Novotel Living Bucharest Baneasa. The construction started in Q3 2023 and the 150 rooms hotel is scheduled to come to market in June 2025. With Novotel Living, Accor brings the concept of extended stay to the Bucharest market. The future hotel will offe...
voco hotels Signs 25th Americas Property in Missoula, Montana
IHG | November 13, 2023
Riverfront conversion among several recent regional signings, reinforcing voco hotels’ position as IHG Hotels & Resorts’ fastest-growing premium brand ATLANTA (November 13, 2023) – voco hotels – part of IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies with more than 6,200 destinations across 19 brands – today announced the signing of its 25th Americas property in Missoula, Mont., nearly three years after launching in the region. The soon-to-renovate voco Missoula Downtown is the latest extension of voco hotels’ conversion-friendly model which combines the local character and charm of an ind...
Hilton Partners With Irongate to Convert Trump International Hotel Waikiki to Hilton’s LXR Brand
Irongate | November 13, 2023
The Irongate-owned iconic landmark is set to bring a fresh identity to its highly acclaimed destination with new management and international design HONOLULU, Hawaii (NOVEMBER 13, 2023) – Today, Irongate, a lifestyle-driven real estate firm, and global hospitality leader Hilton (NYSE: HLT) proudly announce plans for a monumental transformation of one of Hawaii's most revered properties. The Trump International Hotel, Waikiki, will be reborn as Wākea Waikiki Beach under the expert management of LXR Hotels & Resorts officially taking place February 2024. LXR Hotels & Resorts is one of Hilton’s three distinctive luxury brands featu...
Hotel Construction Pipeline Growth in Asia Pacific, Excluding China, Remains Steady at Q3 Close
Lodging Econometrics (LE) | November 13, 2023
November 13, 2023 – PORTSMOUTH, NH – In the recently released Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, continued to show steady year-over-year (YOY) growth to end the third quarter of 2023 at 1,929 projects/398,199 rooms, up 3% by projects YOY. Projects currently under construction in the region stand at 954 projects/220,336 rooms, up 1% by projects YOY. Projects scheduled to start construction in the next 12 months stand at 295 projects/51,756 rooms. Projects in the early planning stage of the pipeline stand at 680 projects/126,107 rooms, up...
Hyatt and Extell Development Company Partner to Bring Grand Hyatt Brand to Utah
Grand Hyatt Hotels | November 10, 2023
Expected to open late 2024, Grand Hyatt Deer Valley will expand Hyatt’s brand presence in a vibrant resort market CHICAGO (November 10, 2023) – Hyatt Hotels Corporation (NYSE:H) and Extell Development Company today announced the planned expansion of the Grand Hyatt brand in Park City, Utah. Expected to open late 2024, Grand Hyatt Deer Valley will mark the debut of the Grand Hyatt brand in Utah and will be located at the famed Deer Valley Resort. Uniquely designed as a captivating destination within a destination, the property will open as the first luxury hotel within Deer Valley Resort’s forthcoming expansion. Situated 40 minu...
Noble Breaks Ground on Tempo by Hilton Savannah Historic District
Noble Investment Group | November 9, 2023
Atlanta, Georgia (Thursday, November 9, 2023) – Noble Investment Group ("Noble") today celebrated the groundbreaking of the Tempo by Hilton Savannah Historic District. With an anticipated opening in early 2025, the hotel will be within walking distance of the Savannah River, the sites of River Street, and the Historic District's top attractions. Working collaboratively with the Savannah Historic District Board, the LEED-certified Tempo by Hilton Savannah Historic District has been designed to complement the unique character and heritage of the district. The energetic lifestyle hotel will feature 153 tech-enabled guestrooms and Peloton®...
Atlanta CBD Hotel Submarket Continuing to Push Forward
Anne Gompel, Adam Zarczynski | November 9, 2023
By Anne Gompel, MAI, CHIA and Adam Zarczynski, CHIA With the busiest airport in the world and a lower cost of doing business than peer regions, Metro Atlanta is the key inland distribution hub of the Southeast. Metro Atlanta is home to 17 Fortune 500 corporations like The Home Depot, Coca-Cola, Delta Air Lines, and UPS. It also sustains a diverse economy centered around technology, healthcare and health tech, logistics, advanced manufacturing, and now electric vehicles and clean tech. For the 10th consecutive year Area Development Magazine has ranked Georgia the number one state for business. Atlanta's strong economy has been spurred by...
Latin America’s Hotel Construction Pipeline Surges in Q3 2023 With New Projects and Construction Start Initiatives
Lodging Econometrics | November 8, 2023
November 8, 2023 – PORTSMOUTH, NH – In the Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 579 projects/95,144 rooms at the close of Q3 2023. The region’s pipeline project counts are up slightly, at 6% year-over-year (YOY) by projects and 5% YOY by rooms. At the Q3 close, there were 93 new project announcements (NPAs), accounting for 415,416 rooms, marking the largest number of new project and room announcements in Latin America since Q2 2017. Similarly, construction starts are the highest they’ve been since Q3 2019, standing at 54 projects/9,43...
DD Partners, Peachtree Group and Woodbine Development Join Forces To Develop Embassy Suites Gulf Shores
Peachtree Group | November 7, 2023
GULF SHORES, ALA. (Nov. 7, 2023) – DD Partners, LLC of Birmingham, Alabama, and Marietta, Georgia, Peachtree Group of Atlanta and Woodbine Development Corporation of Dallas announced the development of Embassy Suites Gulf Shores, a full-service resort overlooking the Gulf of Mexico and its renowned white sand beaches – located in Alabama’s No. 1 tourism destination, the City of Gulf Shores. Now underway, Embassy Suites Gulf Shores is a joint venture among the three firms. DD Partners and Woodbine are leading development and asset management efforts, and Peachtree will manage operations for the resort upon completion in summer 202...
Hyatt and Parks Hospitality Partner to Expand Footprint in Mexico With Four New Properties
Hyatt Hotels Corporation | November 7, 2023
Four new properties developed by Parks Hospitality Holdings will expand Hyatt’s luxury and leisure offerings in Mexico’s most sought-after destinations CHICAGO (November 7, 2023) - Hyatt Hotels Corporation (NYSE: H) and Parks Hospitality Holdings (“PHH”) have announced a highly anticipated collaboration to expand Hyatt’s brand footprint in Mexico with the development of four new properties across key destinations in Mexico, including Mexico City, Los Cabos, and Cancun. The new properties are expected to open starting 2024 and will include two Grand Hyatt hotels, a new select-service offering near the Cancun International Airport...
The Store Oxford Set for February 2024 Opening in Historic Boswells Department Store
The Store and Oxford | November 7, 2023
The Store, Oxford, will launch in early 2024. Located on Broad Street, in the heart of the city, The Store sits in the building of the historic department store and Oxford institution, Boswells. Boswells was one of the world’s oldest department stores, family-owned and much-loved by the local community. In the tradition of great British department stores, it was a place of discovery - a treasure trove of toys, cosmetics, fashion, household essentials, a haberdashery, well-known tearoom, and café. Reimagined as a hotel, restaurant, rooftop bar, co-working bar, and spa, The Store, delivered by Reef Group and EQ Group, will present a labyri...
How to Make the 2024 Hotel Budgeting Process as Smooth and Painless as Possible
HotStats | November 6, 2023
By Jeannette King, Marketing Manager at HotStats For hotel owners and operators alike, the annual budget is often a grueling and time-consuming process. This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever. Are there ways to make the 2024 budgeting process more streamlined and efficient? For insights and advice, HotStats reached out to leading hospitality experts around the world. 1. Start Early but Submit Late Hoteliers often complain that the budgeting process seems to start earlier every year. This is especially true for large hotel groups with mult...
Pendry Hotels & Resorts Celebrates Groundbreaking for Future Hotel and Residences Along Tampa’s Famed Riverwalk
Pendry Hotels & Resorts | November 2, 2023
TAMPA, FLA. (November 2, 2023) - Pendry Hotels & Resorts and Two Roads Development celebrates the groundbreaking of Pendry Tampa and Pendry Residences Tampa, a tremendous milestone for the hotel, featuring 220 guestrooms and a 39-story tower featuring 207 Pendry Residences along Tampa’s famed Riverwalk. Pendry Tampa is located at the corner of Ashley Boulevard and Whiting Street along the Hillsborough River in downtown Tampa, and it represents the ninth location in Pendry’s growing portfolio, including San Diego, Baltimore, West Hollywood, Chicago, Manhattan, Washington DC-The Wharf, Park City and Newport Beach, with future locatio...
Dr. Donald W. Wise and Turnbull Capital Group Recognized by London-Based Revenue-Hub
Turnbull Capital Group | November 2, 2023
Turnbull Capital Group (“TCG”) is pleased to announce that Co-founder and Chairman Dr. Donald W. Wise has been honored by London-based Revenue Hub for the third time as their featured hospitality investment banking speaker on the state of the industry. Please watch our most recent interview posted with London-based Revenue-Hub Coffee Time Chat (taped just days before the terrible events in Israel). Dr. Wise has been named by Real Estate Forum magazine as one of Rainmakers in Debt & Equity and has been a recent speaker at the monthly Mastermind Hospitality Zoom meetings. Dr. Wise authors weekly electronic mail updates ...
Development Launched for Marbella Resort Hotel, Vignette Collection the World Islands Dubai With a January 2026 Opening Planned
IHG | November 2, 2023
Dubai, United Arab Emirates, 2nd November 2023: IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a franchise agreement for its second Vignette Collection hotel in Dubai in partnership with The Heart of Europe, the flagship project under Kleindienst Group. Scheduled for a grand opening in January 2026, Marbella Resort Hotel, Vignette Collection The World Islands Dubai, will mark a significant milestone for The Heart of Europe, solidifying IHG’s presence within The World Islands – an archipelago of manmade islands located in the Arabian Gulf, off the coast of Dubai. The Vignette Colle...
IHG Adds 350-Keys to Its Punjab Portfolio With a Dual Hotel Signing
IHG | November 2, 2023
The signing will see the debut of Crowne Plaza in Punjab and the expansion of Holiday Inn brand in Zirakpur Both hotels will add 100,000 sq. ft of meeting space to capture MICE opportunities 2nd November 2023, New Delhi: IHG®Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with NK Sharma Hospitality Pvt Ltd to develop two new hotels in the Chandigarh tri-city area - Crowne Plaza Chandigarh Zirakpur in the premium segment and Holiday Inn & Suites Chandigarh Zirakpur from the essentials collection. Currently under construction, both hotels are scheduled to open in January 20...
IHG Signs With Fideicomiso 1870/2014 for New-Build Crowne Plaza Mexico City Insurgentes
IHG | November 1, 2023
Avenida de los Insurgentes property will offer a premium experience for today’s blended travel needs upon its planned 2026 opening ATLANTA (November 1, 2023) – IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announced the signing of a new build Crowne Plaza hotel in a coveted location along Mexico City’s famed Avenida de los Insurgentes. Scheduled to break ground in early 2024 ahead of a planned 2026 opening, Crowne Plaza Mexico City Insurgentes will serve as a regional halo property for the brand and – upon its return to the nation’s capital – join a roster of seven* currently open Mexico ...
Meliá Hotels International Announces the Inaugural ME by Meliá Hotel in the Asia Pacific
Meliá Hotels International | October 31, 2023
ME Guangzhou is set to open in 2027, becoming a benchmark hotel for modernity and luxury in China Macao China, October 2023 – Meliá Hotels International, the largest hotel group in Spain and a global leader in the hospitality industry, has announced ME Guangzhou, a collaboration between ME by Meliá and Guangzhou Aocheng Investment Company Ltd, set to open in 2027. The opening of this property signifies a milestone for ME by Meliá as it makes its highly anticipated debut in the Asia Pacific region. Set to open its doors in 2027, ME Guangzhou will welcome guests from around the world to experience the vibrant city of Guangzhou. ME b...
Canada’s Pipeline Remains Robust – Early Planning Stage Shows Significant Increase
Lodging Econometrics (LE) | October 31, 2023
October 31, 2023 – PORTSMOUTH, NH – In the Q3 2023 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), analysts report that the total construction pipeline in Canada stands at 275 projects/37,780 rooms, up 5% by projects and 8% by rooms year-over-year (YOY). In the third quarter, Canada had 22 new project announcements with 2,816 rooms. Hotel projects presently under construction in Canada at Q3 stand at 56 projects/8,228 rooms, up 4% and 18% YOY, respectively. Projects scheduled to start construction in the next 12 months stand at 101 projects/11,548 rooms at Q3, while projects in the early planning stag...
The Dallas Market Maintains Grasp on the Greatest Number of Projects in the U.S. Hotel Construction Pipeline at Q3 2023
Lodging Econometrics (LE) | October 30, 2023
October 30, 2023 – PORTSMOUTH, NH – As seen in the third quarter United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines by projects at Q3 2023 are led by Dallas, with an all-time high of 189 projects/21,840 rooms, followed by Atlanta, with 140 projects/17,775 rooms, and Nashville, with 122 projects/16,046 rooms. Next is Phoenix, with 119 projects/16,455 rooms, and the Inland Empire, with 117 projects/11,784 rooms. At the Q3 close, New York City continues to have the greatest number of projects under construction, with 46 projects/8,386 rooms. ...
