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
LivAway Suites Breaks Ground on Flagship Hotel in Smyrna, Tennessee
LivAway Suites | March 9, 2023
SMYRNA, Tenn., March 9, 2023 -- LivAway Suites ™, the economy extended stay brand created and designed "for developers, by developers" officially broke ground on its first location in Smyrna, TN, on March 8th. The event was well attended with prominent city officials breaking ground including Vice Mayor, Marc Adkins. With ideal proximity to Nashville and other nearby cities, the LivAway Suites-Smyrna is expected to attract extended-stay guests who will be providing services in Rutherford County and surrounding areas once the hotel opens in May 2024. The Smyrna location is the first of many groundbreakings slated for LivAwa...
The St. Joe Company Plans to Open 5 New Hotels in the First Half of 2023 Adding 646 Keys to Portfolio
The St. Joe Company | March 9, 2023
PANAMA CITY BEACH, Fla.--The St. Joe Company (NYSE: JOE) (“St. Joe”) anticipates completing and opening five new hotels in the first half of 2023. These hotels include The Lodge 30A, an 85-room boutique hotel located on Scenic Highway 30A that opened in February. Over the next four months the Company anticipates opening the 255-suite Embassy Suites by Hilton Panama City Beach Resort; the waterfront 124-room Hotel Indigo Panama City Marina; the 107-room Home2 Suites by Hilton Santa Rosa Beach; and Camp Creek Inn, a 75-room boutique hotel overlooking Camp Creek golf course. Once complete, these properties will more than double the number of...
Marriott International Signs Agreement With Neom to Open Three Properties Within Luxury Island Destination Sindalah
Marriott International | March 9, 2023
Marriott International, Inc. announced it has signed an agreement with NEOM to open three properties on its luxury island destination Sindalah, situated in the Red Sea off the northwest coast of Saudi Arabia. The multi-deal agreement includes Saudi Arabia’s first Autograph Collection Hotels property, as well as two Luxury Collection properties. “NEOM is one of the most highly-anticipated developments in the world and we look forward to working with its team to develop these three exciting properties,” said Jerome Briet, Chief Development Officer, Europe, Middle East & Africa, Marriott International. “The Luxury Collection and ...
Recently Acquired Cape Grace Hotel to Transition to Cape Grace Fairmont
Fairmont | March 9, 2023
DUBAI, United Arab Emirates, March 9, 2023-- Featuring an extraordinary location, on the vibrant V&A Waterfront, between an international yacht marina and the working harbour, with the breath-taking Table Mountain as a backdrop, the Cape Grace Hotel will transition into a fully branded Fairmont (https://www.Fairmont.com) property by end of 2023 (“Cape Grace by Fairmont”). The property has recently been purchased by Kasada Hospitality Fund LP (“Kasada”), the leading independent real estate private equity platform dedicated to hospitality in Sub-Saharan Africa. Guests staying at the hotel can choose to stay at one of its 120 luxu...
Nobu Hospitality Partners With Millenium Hospitality Real Estate for Nobu Hotel and Restaurant Sevilla
Nobu Hospitality | March 8, 2023
NEW YORK, March 8, 2023-- Nobu Hospitality, the luxury lifestyle brand founded by Nobu Matsuhisa, Robert De Niro and Meir Teper, in collaboration with Millenium Hospitality Real Estate SOCIMI ("MHRE"), is pleased to announce the development of Nobu Hotel and Restaurant Sevilla. Set to open spring 2023, the property marks the brand's sixth Spanish hotel and third project between Nobu Hotels and MHRE, following the announcements of Nobu Hotel Madrid and Nobu Hotel San Sebastián. Situated in front of the City Hall at the vibrant Plaza San Francisco in the heart of the Andalusian capital, Nobu Hotel Sevilla features ...
Marriott International Signs Agreement With Asset World Corporation to Bring The Ritz-Carlton to Phuket
Marriott International, Inc. | March 8, 2023
Marriott International, Inc., announced plans to introduce The Ritz-Carlton, its iconic luxury brand, to Phuket, Thailand following the signing of an agreement with Asset World Corporation (AWC). The agreement stipulates plans for the strategic renovation and rebranding of the existing Westin Siray Bay Resort & Spa, Phuket. Expected to open in 2025, The Ritz-Carlton, Phuket anticipates setting a new benchmark for luxury hospitality on the island. With its serene and secluded location on the unspoiled east coast of the island overlooking the Andaman Sea, The Ritz-Carlton, Phuket expects to offer guests a spectacular scenery and uninterr...
IHG to Expand Lifestyle Portfolio in Saudi Arabia With signing of Hotel Indigo in Mohammed Bin Salman Nonprofit City
IHG Hotels & Resorts | March 8, 2023
Saudi Arabia, 8 March 2023: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Management Agreement with Mohammed Bin Salman Nonprofit City for a new Hotel Indigo within the city near the Irqah area along Wadi Hanifa in Riyadh. Set to open in 2025, with basement works already completed, the new hotel adds to IHG’s robust growth plans across various new developments that align with the Kingdom’s Vision 2030 tourism strategy. The signing of a new Hotel Indigo in Mohammed Bin Salman Nonprofit City is significant, as it is the first nonprofit City of its kind, set to be an incubator fo...
Ennismore Continues Global Expansion of Mondrian With Its First Hotel in Riyadh
Ennismore | March 8, 2023
RIYADH, SAUDI ARABIA March 8th, 2023 – Ennismore, the fastest-growing lifestyle hospitality company, signed an agreement with Olayan Financing Company (OFC) today to launch the first Mondrian hotel development in Saudi Arabia, Mondrian Riyadh Al Malga. Set to open in 2026, Mondrian Riyadh will also be Ennismore’s first hotel in the capital, making it a significant milestone for the company’s growth in the region. Mondrian Riyadh Al Malga Hotel and Residences will boast 200 keys, including 130 standard rooms and suites, with 25 one-bedroom, 35 two-bedroom, and ten three-bedroom serviced apartments. The hotel will pioneer innovative cul...
Radisson Hotel Group Signs Thailand’s First Radisson RED Hotel in Patong Beach, Phuket
Radisson Hotel Group | March 7, 2023
Radisson Hotel Group will introduce an exciting new era of social and stylish hospitality to Thailand following the signing of Radisson RED Phuket Patong Beach, a vibrant upscale lifestyle hotel that will mark the debut of the Radisson RED brand in the “Land of Smiles.” This forms a key part of the Group’s strategy to double its portfolio of operating hotels in Thailand by mid-2024. Slated for opening in late 2023, Radisson RED Phuket Patong Beach marks the conversion of an existing property in the heart of Patong Beach, which will now be fully renovated and relaunched in line with Radisson RED’s bold design and brand standards. O...
HRI Hospitality to Break Ground on Caption by Hyatt Nashville in the Gulch District
Caption by Hyatt | March 6, 2023
NASHVILLE, TN. (March 6, 2023): HRI Hospitality (HRIH), a fully integrated real estate firm based in New Orleans, in partnership with C. B. Ragland Company, a Nashville-based real estate company, and Peachtree Hotel Group, an Atlanta-based hotel investment company, announces the financial closing for the ground-up development of a new 210-room Caption by Hyatt hotel in the Gulch District of downtown Nashville, Tenn. The construction financing will be provided by Truist Financial Corporation and its syndication partner, Commerce Bank. The hotel is scheduled to break ground this month and debut in late 2024. This will mark HRIH’s 32nd prope...
New York City’s 2018 & 2021 Hotel Zoning Amendments
March 2, 2023
By Cole Masler Hotels are a vital part of New York City’s economy, accounting for approximately $13 billion of revenue per year. In recent years, however, the City Planning Commission has adopted certain amendments to New York City’s Zoning Resolution in an attempt to curtail hotel development. These changes have been top-of-mind for owners and developers involved in the New York City hotel real estate market. One such amendment, passed in 2018, is known as the M1 Hotel Text Amendment. This zoning amendment established the need for a special permit in order to build new hotels, motels, tourist cabins, and boatels in light manufac...
Ennismore Announces First Maison Delano in Asia to Open in 2026
Ennismore | March 2, 2023
SEOUL, SOUTH KOREA, March 2nd, 2023 – Ennismore, the fastest-growing lifestyle hospitality company, announces the arrival of the first Maison Delano in Asia. In the heart of South Korea’s vibrant capital, Maison Delano Seoul will deliver a cocoon of convivial energy and sophisticated style. Delano, which launched in Miami in 1995, was a pioneer in redefining the lifestyle resort concept, and has been long known as the most sought-after hotel for travelers looking for a bespoke experience. Maison Delano – brings the iconic brand to the city - respecting Delano's history and soul: everything is effortless, personalized, and understated....
Evermore Orlando Resort and Conrad Orland Set for Late 2023 Grand Opening
Hilton | March 2, 2023
ORLANDO, Fla - Evermore Orlando Resort, the highly anticipated luxury vacation rental destination bordering Walt Disney World®, and Conrad Orlando the latest addition to Conrad Hotels & Resorts, Hilton’s (NYSE: HLT) contemporary luxury hotel brand, today announced they are now accepting reservations for stays beginning February 5, 2024. Developed by Dart Interests, the 1,100-acre resort complex is located at One North Jacaranda with close proximity to Walt Disney World® Resort, Disney Springs®, Universal Orlando Resort® and Orlando International Airport, providing travelers with one of the most sought-after locations in t...
Hilton Expands Its Footprint in India With New DoubleTree by Hilton Nagpur, Opening in 2026
Hilton | March 1, 2023
Nagpur, India – Hilton (NYSE: HLT) today announced it will bring its fast-growing upscale hotel brand to The Orange City for the first time with DoubleTree by Hilton Nagpur. Signing with Abhijit Realtors and Infrastructure Private Limited, the announcement marks the entry of DoubleTree in Maharashtra’s third-largest city. Scheduled to open in early 2026, the upscale hotel will provide contemporary accommodations and amenities, as well as unique food and beverage experiences to leisure and business travelers in the populous central India city. “This is our first Hilton property in Nagpur, and we are excited to introduce the Double...
Fairmont Hotels & Resorts Signs With AWC to Open Global Luxury Brand’s First Property in Thailand
Fairmont Hotels & Resorts | March 1, 2023
BANGKOK - Fairmont Hotels & Resorts, part of world leading hospitality group Accor, and Asset World Corp Public Company Limited (AWC), Thailand’s leading integrated lifestyle real estate group, today announced the signing of the first Fairmont hotel in Thailand. Fairmont Bangkok Sukhumvit is set to open in 2024 as the first project signed under AWC’s multi-property framework agreement with Accor, elevating Bangkok as a global hub for luxury leisure, business and group travel. Under this partnership, AWC and Accor will open more than 1,000 keys across multiple Accor-branded hotels in key tourist destinations throughout the country, ...
Construction Underway for New Graduate Hotel in Auburn, Alabama
Graduate Hotels | March 1, 2023
Nashville, Tenn., - March 2023 - Graduate Hotels® today announces plans for the forthcoming Graduate Auburn hotel. The ground-up, new construction hotel is currently under development and expected to launch in 2024. Graduate Auburn will offer 177-keys, five stories, two food and beverage outlets including a rooftop bar and restaurant, on-site parking and more than 10,000 square feet of meeting and event space. Located on 202 W Magnolia Avenue, Graduate Auburn will be prominently positioned across the street from the Auburn University campus. “Auburn is such a quintessential college town and deeply rooted in the types of stories and tr...
Accor Expands Its Footprint in Georgia With Signing of the New ibis in Tbilisi
Accor | February 28, 2023
Accor, a world-leading hospitality group, announces the signing of the cooperation agreement with Fujin Silk Properties LLC, company based in Georgia, to open a new ibis hotel at Tbilisi International Airport in 2024. “We are delighted to announce the signing of the new hotel under the world-famous ibis brand in one of the most important hubs of Georgia – Tbilisi International Airport, which welcomes more than 3 million people annually. We are confident that the new opening will be a real find for tourists and guests of the city, as well as for business travelers and transit passengers. The hotel’s cozy rooms and convenient mobile chec...
Accor Brings Emblems Collection to Vietnam’s “Pearl Island” With New Signing
Accor | February 28, 2023
PHU QUOC, VIETNAM – Accor, a global hotel leader and the region’s largest international hotel operator, continues to reinforce its leadership position with the announcement of a new flagship destination for its newest luxury brand, Emblems Collection in Phu Quoc. This marks the brand’s debut in the Vietnam market. Emblems Collection is a carefully curated collection of independent hotels that are emblematic of their destination, designer or heritage. In recognition of their unique and charismatic personality, each property maintains its original elements and create bespoke and intimate guest experiences for seasoned modern luxury tr...
Banyan Tree Group Signs With LaQuinta Real Estate Group to Open Angsana Real de La Quinta Benahavis Marbella
Banyan Tree Group | February 28, 2023
Banyan Tree Group, one of the world’s leading multi-branded independent hospitality groups, has signed an MOU with La Quinta Real Estate Group to open Angsana Real de la Quinta Benahavis Marbella resort and residences in 2026. Located in the charming Mediterranean town of Benahavis near Marbella, the development will include a hotel, branded residences, apartments and commercial spaces. The property will mark the Group’s debut in Spain. Perched at the top of a hill and nestled inside the 200-hectare Real de La Quinta residential community, Angsana Real de la Quinta Benahavis Marbella will command expansive views over the rolling hi...
Completion Stage Underway for the 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI)
AHLA | February 28, 2023
The revision to the lodging industry’s authoritative financial and operating reporting standards has been led by the Global Finance Committee, sponsored by HFTP and AHLA. The Global Finance Committee (GFC), jointly sponsored by Hospitality Financial and Technology Professionals (HFTP®) and the American Hotel & Lodging Association (AHLA), have restarted its work on the 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI). The independent group of global financial leaders from the most prominent U.S. and international hotel brands, operators, owners and other industry authorities met January 3...
Four Seasons and Red Sea Global to Introduce New Resort in Saudi Arabia’s Luxury Lifestyle Destination
Four Seasons Hotels and Resorts | February 28, 2023
New resort will be located within The Red Sea destination, stretching across 200 kilometres of stunning coastline along the Kingdom’s western coast Leading luxury hospitality company Four Seasons Hotels and Resorts and Red Sea Global (RSG), a closed joint stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia, announce plans to introduce a Four Seasons Resort as part of The Red Sea masterplan development. Soon to be one of the region’s foremost luxury beachside destinations, The Red Sea will comprise of the idyllic natural islands and lagoons across 200 kilometres (124 miles) of coastline along the western ...
Marriott Signs With Grimit S.r.l. to Bring The Ritz-Carlton Brand to Bellagio on the Shores of Lake Como
Marriott International | February 28, 2023
Marriott International today announced it has signed an agreement with Grimit S.r.l. to bring The Ritz-Carlton brand to Italy, signaling a commitment to strengthening its portfolio of properties across the company’s luxury brands in Italy. Through a significant conversion of the former Hotel Grande Bretagne in Bellagio, the brand will bring its legendary service and elegant aesthetic to Lake Como, one of Italy’s most coveted destinations. Expected to open in 2026, the spectacular waterfront property is slated to offer 59 guestrooms and 46 suites, including two Ritz-Carlton suites, featuring beautiful views of the lake and luxurious fur...
IHG Signs With Palau Coral Club to Open Hotel Indigo Palau on Malakal Island
IHG | February 27, 2023
Hotel Indigo Palau will be IHG’s third hotel in Micronesia when it opens in late 2024 IHG Hotels & Resorts has signed a management agreement with Palau Coral Club, to open Hotel Indigo Palau at the end of 2024. Hotel Indigo Palau will boast an outstanding location on Malakal Island, fronting onto a coral reef with amazing views and immediate access to world-class diving and marine life. It will feature approximately 200 guest rooms, an all-day dining Neighbourhood Café and separate restaurant, a sunset bar by the pool, meeting rooms for 60 people, a resort centre, swimming pool, spa and gymnasium, and all the facilities necessa...
Projects in the Early Planning Stage of the Global Hotel Construction Pipeline Reach Record High Counts at 2022 Year-End
Lodging Econometrics (LE) | February 27, 2023
February 27, 2023 – PORTSMOUTH, NH – Lodging Econometrics (LE) has released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms. The global pipeline has remained relatively flat for three consecutive years, following the onset of the COVID-19 pandemic, after reaching peak project and room counts in Q4 2019. However, three of the seven world regions tracked by LE, the United States, Canada, and Asia Pacific, continue to have pipelines trending upward, YOY. The remaini...
