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
IHG Signs With Almuhaysin Group to Open First Regent Hotel in the Middle East
IHG | July 26, 2023
Jeddah, Saudi Arabia, July 26, 2023: IHG® Hotels & Resorts, one of the world’s leading hospitality companies, has signed a management agreement with Almuhaysin Group to open the first Regent Hotel in the Middle East, in Saudi Arabia. Set to open by mid-2024 in one of the most prestigious waterfront locations in Jeddah, Regent Jeddah will provide uninterrupted views of the Corniche and Jeddah’s Formula 1 racetrack, setting a new standard for modern ultra-luxury in Saudi Arabia. The new Regent Jeddah will join existing Regent properties in glamourous destinations such as Bali, Santa Monica and Hong Kong. The signing follows th...
Ennismore Signs Its First Lifestyle Hotel in Turkey With Hyde Bodrum
Ennismore | July 26, 2023
NEW YORK, July 26, 2023 -- Ennismore, the fastest-growing lifestyle hospitality company, today announces the signing of Hyde Bodrum, opening in early 2024, which marks two significant milestones for the brand – the first property in Turkey and the first all-inclusive resort. Hyde Bodrum will exclusively offer an adults-only all-inclusive experience focused on a festival feeling through music, DJs, acoustic sets, festival stages, and other highly curated entertainment and sports activities. Hyde Bodrum will combine the luxe all-inclusive offering with exceptional and varied culinary destinations, with the design and programming of ...
Hospitality Finance Breakfast Briefing: Bringing Down the Cost of Capital and Filling Your Capital Stack
Jim Butler | July 26, 2023
By Jim Butler and the Global Hospitality Group® Earlier this week, the Global Hospitality Group® co-hosted a breakfast briefing in Los Angeles with CREDE, a leading real estate development and project management firm. The program focused on how hotel owners and developers can reduce their cost of capital and costs of construction while filling in gaps in their capital stack through a few critical construction management techniques and exploitation of both traditional and alternative financing options. Luigi Major, Managing Director of HVS, opened the program with an economic overview, providing an inspiring update on the state of the i...
Four Seasons Partners with Shahid Khan to Develop Four Seasons Hotel and Private Residences Jacksonville
Four Seasons Hotel and Private Residences Jacksonville | July 25, 2023
TORONTO, July 25, 2023 -- Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, together with Shahid Khan through Iguana Investments Florida LLC (Iguana Investments), today announced plans for a new Hotel and Private Residences in Jacksonville, Florida. Anticipated to open in 2026, Four Seasons Hotel and Private Residences Jacksonville will play an integral role in the development of the Jacksonville Shipyards while ushering in a thrilling and historic next chapter for Downtown Jacksonville. Blending imaginative urban design on the banks of the St. Johns River, Four Seasons Hotel and...
Equinox Hotels and Red Sea Global Announce Plans To Bring Luxury Resort to Amaala
Equinox Hotels | July 25, 2023
NEW YORK--Equinox Hotels, a revolutionary luxury hospitality brand, has been selected by Red Sea Global, the developer behind the world’s most ambitious regenerative tourism destinations, to unveil Equinox Resort Amaala, an unparalleled luxury resort experience in Amaala along the Red Sea coast in northwestern Saudi Arabia. Set to open as part of the first phase of development at Triple Bay, the Equinox Resort Amaala will be located adjacent to the Triple Bay Marina Yacht Club and surrounded by pristine mountain ranges and crystal-clear waters. An integrated wellness haven being developed by Red Sea Global, this destination will evolve t...
Wyndham Signs 60 New ECHO Suites Hotels Across the U.S. and Canada
Wyndham Hotels & Resorts | July 25, 2023
New multi-unit deals with established developers expand ECHO Suites' presence in Alabama, Iowa, Nebraska and South Dakota while launching the brand in Canada PARSIPPANY, N.J., July 25, 2023 -- Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,100 hotels across more than 95 countries, today announced 60 new hotels for its rapidly expanding ECHO SuitesSM Extended Stay by Wyndham brand, including what will be the brand's first hotels in Canada. Continuing Wyndham's long-term strategy of signing multi-unit deals with established and experienced developers—one of the latest being Mast...
Introducing voco Zeal Exeter Science Park – IHG’s First Lifecycle Net Zero Carbon Hotel
IHG Hotels & Resorts | July 25, 2023
IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to introduce voco Zeal Exeter Science Park in partnership with Zeal Hotels – the first lifecycle net zero carbon hotel for both businesses. This follows the signing of a landmark exclusivity agreement between IHG and Zeal, which was revealed at the International Hotel Investment Forum (IHIF) in Berlin in May. Scheduled to open in 2024, voco Zeal Exeter Science Park has been designed to align with the Net Zero Carbon Buildings Framework Definition of the UK Green Building Council – the membership-led industry network. With more than 6,000 prop...
Sonnenblick-Eichner Company Arranges $100 Million Sale of The Inn at Rancho Santa Fe, Rancho Santa Fe, California
Sonnenblick-Eichner Company | July 25, 2023
Beverly Hills, CA (July 25, 2023) -- Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, has arranged a $100 million sale of The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego County’s exclusive enclave of Rancho Santa Fe, CA. The resort is undergoing an extensive “top-to-bottom” renovation. When fully operational in the fourth quarter of this year, it will be positioned as one of the most preeminent and exclusive destinations in California. The resort was purchased by an institutional investment fund. “We were able to generate interest in the acquisition given...
Hilton Signs With Andras House to Bring Tapestry Collection to Portrush in Northern Ireland
Tapestry Collection by Hilton | July 20, 2023
PORTRUSH, Northern Ireland – Hilton (NYSE: HLT) today announced plans to bring the Tapestry Collection by Hilton brand to Northern Ireland, with an opening in the popular seaside town of Portrush, as part of a franchise agreement with Andras House. Once opened, The Marcus Hotel Portrush, Tapestry Collection by Hilton is anticipated to be the only internationally branded hotel in the town, attracting travellers from across the globe looking to enjoy everything Northern Ireland has to offer. Embracing the distinct culture of its local neighbourhood, the hotel will join a global portfolio of more than 100 unique Tapestry Collection by ...
Marriott International’s Strong Conversion Activity Helps Drive Robust Growth in the Caribbean and Latin America
Marriott International, Inc. | July 20, 2023
Hotel conversions continue to have real momentum in the Caribbean and Latin America (CALA) region and in recent years have become an important growth driver for Marriott International. Hoteliers and investors are leveraging the efficiencies and advantages of renovating and rebranding existing properties, further expanding the breadth of Marriott’s portfolio, consisting of 31 global brands. According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22 percent on the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallels ...
IHG Hotels & Resorts Continues Expansion in Saudi Arabia With Hotel Indigo in NEOM’s Oxagon
IHG Hotels & Resorts | July 20, 2023
20 July 2023, Saudi Arabia: IHG® Hotels & Resorts, one of the world’s leading hotel companies, with 6000 hotels across 18 brands, has signed a franchise agreement that will see a Hotel Indigo property open in Oxagon, a coastal industrial city in NEOM, located in the Northwest region of Saudi Arabia. In Oxagon, thriving communities will exist seamlessly alongside clean industry, commercial, hospitality, entertainment and retail activities. The 250-key Hotel Indigo property will be situated in Oxagon’s first residential community and will open its doors in 2026. Designed to seamlessly integrate work, live, and play, Oxagon’s neig...
Kimpton San Antonio Celebrates Its Topping Out on Schedule
Kimpton Hotels & Restaurants | July 20, 2023
SAN ANTONIO, TX (July 20, 2023) - White Lodging and its partners are pleased to announce that they have officially topped out the first Kimpton Hotel in San Antonio. The construction milestone on the 10-story building keeps the project on schedule after breaking ground in October of last year. Kimpton San Antonio, located at 423 S Alamo in downtown San Antonio, is set to open in the fourth quarter of 2024. As a part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, Kimpton San Antonio stands at the forefront of a new wave of hospitality destinations in the city, offering a truly exceptional luxury lifestyle hotel experience. N...
Q2 2023 Major U.S. Hotel Sales Survey
Daniel Lesser | July 20, 2023
By Daniel Lesser Defying the expectations of many, the U.S. economy has demonstrated resilience driven in part by a solid employment report with stronger-than-expected wage growth during June, along with continued healthy levels of consumer spending. With this said, the U.S. economy has been slowed by the Federal Reserve’s aggressive drive to tame inflation through a series of interest rate hikes that began early last year. Although trending downward, with inflation remaining above its two percent target, the Federal Reserve is on track to raise interest rates again this month and mull another hike as soon as September. Despite elevate...
Avison Young Closes Last Hilton Hotel in Portfolio Sale
Avison Young | July 19, 2023
ATLANTA – July 19, 2023 – Avison Young announces today that the firm has closed the transaction on the last Hilton hotel in a 10-property portfolio sale. The portfolio were all Hilton and Marriott assets located in Maryland and Pennsylvania and consisted of four Home 2 Suites, two Homewood suites, two Hampton Inns & Suites, one Fairfield Inn and one Tru by Hilton. Brad Sinclair said, “This portfolio sale represents once again, the strength of the Hilton and Marriott brands and consistent yield for investors. Financing today is very challenging, but with the right property type and actual performance, debt is still available.”...
American Heartland to Develop $2 Billion Theme Park and Resort in Northeast Oklahoma
American Heartland Theme Park and Resort | July 19, 2023
VINITA, Okla.--Today Oklahoma state and local officials joined American Heartland leadership to announce American Heartland Theme Park and Resort, a more than $2 billion entertainment destination development in northeast Oklahoma, just west of Grand Lake on Route 66. The development will be built in phases starting with a large-scale RV park with cabins scheduled to open phase one in spring 2025 and a world-class theme park and resort scheduled to open in 2026. The American Heartland Theme Park and Resort will offer a unique visitor experience rivaling the world’s top resort destinations. “We are thrilled to make Oklahoma the home of ...
Hard Rock International and Mercan Properties Plan New Hard Rock Hotel Algarve in Portugal
Hard Rock International | July 18, 2023
HOLLYWOOD, Fla., July 18, 2023 -- Hard Rock International announced development plans to open a new Hard Rock Hotel Algarve in Portugal. The new development will be located near the gorgeous sands in Praia do Vau, Portimão, further expanding the iconic brand's global reach. The property, set to begin construction in early 2024 and open in Summer 2026, will have around 275 luxurious rooms and suites and an additional 150 branded serviced apartments. Along with direct access to the beach while on property, guests will enjoy a wide range of amenities including the beloved Hard Rock Roxity Kids Club™, three restaurants, three bars, thre...
IHG Partners With Odom Living to Introduce Vignette Collection to Phnom Penh
IHG Hotels & Resorts | July 18, 2023
Phnom Penh, Cambodia - 18 July 2023: IHG Hotels & Resorts today announces a partnership with Odom Living Co., Ltd. to introduce Vignette Collection to Phnom Penh in 2027. Located in the heart of Cambodia’s bustling capital, the 50-room Vignette Collection Phnom Penh Odom will provide guests with an exclusive Luxury & Lifestyle destination and joins a family of distinctive, elegant, and intriguing luxury and lifestyle hotels. Created for the next generation of luxury travellers, each property is unique yet connected by a shared vision to make a positive change for people, place, and planet. The second IHG Hotels & Resor...
Hyatt Signs With JUEL Hospitality to Develop Hyatt Centric Malta
Hyatt Centric | July 17, 2023
CHICAGO (July 17, 2023) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with JUEL Hospitality Limited, part of the JUEL Group, to develop the 160-room Hyatt Centric Malta. The hotel is expected to open in early 2024, marking the second Hyatt-branded property in Malta, joining Hyatt Regency Malta in the heart of St Julian’s, a bustling resort town on the island’s northeast coast known for its thriving nightlife and stunning beaches. Hyatt’s thoughtful expansion of the Hyatt Centric brand represents its commitment to growing its lifestyle and leisure portfolio, while ...
Marriott International and MGM Resorts International Announce Long-Term License Agreement and Creation of “MGM Collection With Marriott Bonvoy”
MGM Resorts International | July 17, 2023
Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced today an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM’s unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the U.S. Beginning in October, several MGM Collection with Marriott Bonvoy resorts will be available for booking on Marriott’s robust digital platforms, including Marriott.com and the Marriott Bonvoy mobile app, with all properties expected to be available by the end of the yea...
Hilton Partners With Tsiledakis S.A to Open Imperial Flair Chania Old Town, Curio Collection by Hilton
Curio Collection by Hilton | July 13, 2023
CRETE, Greece and MCLEAN, Va. – Hilton (NYSE: HLT) today announced a franchise agreement with Tsiledakis S.A to open Imperial Flair Chania Old Town, Curio Collection by Hilton, which will join two Curio Collection by Hilton hotels in Crete. Set to open in 2026, the 85-room hotel will take a prime beachfront location in the picturesque town of Chania and all guest rooms will feature a private pool. Andreas Koukas, director, development, Greece & Cyprus, Hilton, said, “We’re excited to continue our impressive growth momentum in Greece with this latest signing announcement. In the last month alone, we’ve announced our third hot...
Hilton Signs With Gohar Paradise to Develop Hilton Garden Inn Hyderabad North in Pakistan
Hilton Garden Inn | July 13, 2023
KARACHI, Pakistan – Hilton (NYSE: HLT) has announced the signing of Hilton Garden Inn in Hyderabad. Set to open in 2027, Hilton Garden Inn Hyderabad North was signed with real estate development company Gohar Paradise and will bring the first of Hilton’s award-winning Hilton Garden Inn brand to Sindh, Pakistan. Hilton Garden Inn Hyderabad North will take a prime location in the North area of the city, which is currently seeing extensive development and represents a great area of opportunity for businesses. The property will be part of the Gohar Gateway masterplan development, encompassing the hotel, residential tower, mall and enter...
Montage International to Develop Montage and Pendry Resorts in Punta Mita Along Bahia de Banderas in Nayarit, Mexico
Montage International | July 13, 2023
ORANGE COUNTY, CALIF. (July 13, 2023) – Montage International and DINE have reached an agreement for the development of both a Montage and a Pendry resort within the 1,500-acre, private peninsula master-development community of Punta Mita in Mexico’s Riviera Nayarit. Set to open in 2026, the new resorts will include Montage Punta Mita with branded Montage Residences and Pendry Punta Mita with branded Pendry Residences. The resorts will feature luxurious amenities including Spa Montage, Spa Pendry, an array of food & beverage offerings, outdoor sporting experiences, and a variety of indoor and outdoor meeting and event spaces. Gu...
Capital Alliance Secures Planning Permit for Landmark $340M Dual Hotel Development in Melbourne’s Docklands
Capital Alliance | July 13, 2023
VICTORIA: Leading Melbourne property developer, Capital Alliance, is thrilled to announce the approval of the planning permit for its groundbreaking $340M dual hotel project in partnership with Australia's International Hotel Group, TFE Hotels. The permit for the mixed-use lifestyle development at 28-38 Pearl River Road, in Melbourne's dynamic Docklands precinct, allows Capital Alliance to proceed with plans for a state-of-the-art 1000-pax capacity conference centre – one of the largest in Australia - and dual hotels featuring Australia’s largest rooftop infinity pool. The $340M project, featuring the 200-room bespoke Collection by ...
Rivers Casino Philadelphia Plans Boutique Luxury Hotel in Fishtown
Rivers Casino Philadelphia | July 12, 2023
PHILADELPHIA--Rivers Casino Philadelphia is “powering up” its hotel plans. The casino announced today that it will open a 62-suite boutique luxury hotel inside The Battery, the mixed-use lifestyle campus underway on Beach Street in Fishtown. The new casino hotel will be called “Riversuites,” and it promises a high-end experience. The upscale hotel will occupy four dedicated floors of The Battery’s existing adaptive reuse complex, creating a rarity for Philly — a waterfront hotel. The casino could be accepting reservations as early as this fall. Guest suites are cavernous by hotel standards, averaging 854 square feet each,...
