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
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Finance & Development
Asia Pacific’s Hotel Construction Pipeline, Excluding China, is Up 7% by Projects and 5% by Rooms Year-Over-Year
Lodging Econometrics (LE) | November 17, 2022
November 17, 2022 – PORTSMOUTH, NH According to the recent Q3 2022 close of the Construction Pipeline Trend Report for the Asia Pacific region from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects/401,545 rooms, up 7% by projects and 5% by rooms Year-Over-Year (YOY). At the Q3 close, there are 946 projects/206,629 rooms under construction, up 10% by projects YOY. Projects scheduled to start construction in the next 12 months stand at 300 projects/63,221 rooms. Projects in early planning reached peak room counts and closed the quarter at 635 projects/131,695 rooms, up 26...
China’s Hotel Construction Pipeline Has Record High Project & Room Counts in Early Planning
Lodging Econometrics (LE) | November 16, 2022
November 16, 2022 – PORTSMOUTH, NH In the recent China Construction Pipeline Trend Report from Lodging Econometrics (LE), LE analysts report that China's total hotel construction pipeline, at the close of Q3 2022, stands at 3,604 projects/684,288 rooms, up 1% by projects and unchanged by rooms year-over-year (YOY). Currently, the country has 2,543 projects with 462,132 rooms under construction, with projects scheduled to start construction in the next 12 months at 417 projects with 78,990 rooms. Projects and room counts in the early planning stage reached record highs in the third quarter, up 13% by projects and 8% by rooms YOY, stand...
Hilton to Bring First Waldorf Astoria Property to Costa Rica
Hilton | November 15, 2022
GUANACASTE, Costa Rica and MCLEAN, Va. – (November 15, 2022) – Today, Hilton (NYSE: HLT) announced the signing of the first Waldorf Astoria Hotels & Resorts property in Costa Rica, the new-build Waldorf Astoria Guanacaste, currently under construction and expected to open in 2025. Exceptionally located on a peninsula with unobstructed ocean views, Waldorf Astoria Guanacaste will offer 190 guest rooms and 25 Waldorf Astoria branded residences in the tropical paradise of Guanacaste known for its dramatic scenery, lush forests and beautiful beaches. The property will focus on sustainable luxury with an emphasis on architecture that blend...
With Deal Leverage Shifting to Buyers and Financial Sources, All Eyes are On Hospitality Prognosis for 2023
Keith Worsham | November 15, 2022
By Keith Worsham In this article we take a look at the shifting landscape of hospitality industry transactions as post-pandemic travel trends begin to reveal themselves and operators grapple with the ramifications of more than two years of RevPAR setbacks. A Post-Pandemic Comeback... Of Sorts Prospects for the hotel industry going into 2023 fall somewhere between somewhat rosy and risky. The hospitality industry gathered in mid-August at the 14th Annual Hotel Data Conference in Nashville, Tennessee to discuss the near-term outlook, and as the editors of Hotel News Now (HNN) shared, “Speakers…acknowledged that the industry still is...
Tommy Bahama Launches Resort Concept With Re-Imagined Miramonte Resort & Spa
Tommy Bahama | November 15, 2022
SEATTLE, Nov. 15, 2022 -- Tommy Bahama has announced plans for the debut of a new resort concept with the introduction of the Tommy Bahama Miramonte Resort & Spa in Indian Wells, California. For 30 years Tommy Bahama has brought the resort lifestyle to its guests through a wide range of products, combined with extraordinary hospitality in its retail stores, bars and restaurants. This expertise has uniquely positioned the authentic lifestyle brand to cross over into the resort business. The first Tommy Bahama resort will debut in Late 2023. Tommy Bahama is partnering with Lowe, a national commercial and hospitality real...
IHG Hotels & Resorts’ Vignette Collection Brand Lands in Patong, Thailand
IHG Hotels & Resorts | November 15, 2022
Bangkok, Thailand – 15 November 2022: IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, is proud to announce that its Luxury & Lifestyle collection brand, Vignette Collection, will come to the famed beach destination of Patong in partnership with Dinso Resort Co., Ltd in mid-2023. The sustainability focused Dinso Resort Phuket, Vignette Collection will be IHG’s fourth opened or pipeline Vignette Collection property in Thailand, following the launch of its 17th and newest brand last year. Built mainly through the use of wooden materials, the luxury escape is seamlessly integrated into its hillside ...
Hyatt Plans 2024 Opening of Dreams Madeira Resort Spa & Marina in Portugal
Apple Leisure Group | November 14, 2022
CHICAGO (November 14, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced plans for the expansion of Hyatt’s Inclusive Collection – a new global portfolio of distinct luxury all-inclusive resort brands – to Portugal with Dreams Madeira Resort Spa & Marina. On the heels of Hyatt’s recently announced expansion plans for five all-inclusive resorts in Bulgaria, the planned debut of Dreams Madeira Resort Spa & Marina will mark the Inclusive Collection brand portfolio’s entry into Portugal, following existing all-inclusive brand presence in Spain and Greece and introducing the signature Unlimited-Luxury® concept to...
Six Senses to Open First Australian Property in the Dandenong Ranges Outside Melbourne
Six Senses | November 14, 2022
BANGKOK – November 14, 2022 – Six Senses will open its first Australian property at Burnham Beeches, the heritage mansion and 22-hectare estate designed by architect Harry Norris in 1933 for the Nicholas “Aspro” Family. Located 24 miles from Melbourne in the fern glades and forested hills of the Dandenong Ranges and neighboring Alfred Nicholas Memorial Gardens, the mansion is one of the finest examples of domestic Art Deco in Australia. Romance Reborn Led by the brief to capture “fresh air, sunshine and an outlook of command, yet under control,” the original three-story Art Deco Streamline Moderne mansion is reminiscent of an oc...
At Q3 2022 Close, Projects in the Early Planning Stage in Latin America’s Hotel Construction Pipeline Are Up 22% Year-Over-Year
Lodging Econometrics (LE) | November 14, 2022
November 14, 2022 – PORTSMOUTH, NH In the Q3 2022 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 548 projects/90,728 rooms, down 5% by projects and 12% by rooms, year-over-year (YOY). At the end of the third quarter, projects currently under construction stand at 239 projects/44,837 rooms. Projects scheduled to start construction in the next 12 months are up 6% by projects YOY, standing at 165 projects/24,648 rooms and those in the early planning stage stand at 144 projects/21,243 rooms, up 22% and 14% respectively. Five countries in Latin A...
Controlling U.S. Hotel Utility Costs
Robert Mandelbaum | November 10, 2022
By Robert Mandelbaum and Ethan Gabany Annual changes in U.S. hotel utility costs and in the Consumer Price Index (CPI), or inflation, have historically proven to be strongly correlated. As of August 2022, CBRE is forecasting CPI growth to be 7.7 percent in 2022, followed by another 3.6 percent in 2023. Since inflation has averaged just 2.2 percent since 2000, these inflation projections have hoteliers concerned about operating costs. Given that rising energy costs are a significant driver of the current rise in CPI, hotel managers are especially worried about utility department expenses. Over the past 50 years, utility department expens...
Weller Development Partners and Pegasus Capital Advisors Bringing Six Senses to Grand Bahama
IHG Hotels & Resorts | November 10, 2022
BANGKOK – Six Senses is coming to Grand Bahama as part of a project that will boost local tourism, development, and investment. With social and environmental responsibility at its heart, the new resort and residences will create employment opportunities for Grand Bahamians, encourage sustainability and regenerative activity on the island, and engage the surrounding community while protecting the land for future generations of locals and visitors to Grand Bahama. Resort village Designed by architects 3XN, the resort village will comprise 45 waterfront and canal villas enjoying 2,400 feet (732 meters) of beach frontage and water on thr...
The 2023 Annual Budget – A Captivating Story of Intrigue and Suspense
Gary Isenberg | November 10, 2022
By Gary Isenberg As summer tumbles into fall, hotel asset managers are challenged with reviewing and approving annual budgets. As they analyze page after page of next year’s proposed budgets from their management companies with input from all facets of hotel operations — from housekeeping and F&B to maintenance and marketing — hotel and resort asset managers ought to look beyond the spreadsheets and revenue projections before concluding whether they have a best-seller on their hands. In the case of a hotel budget, the primary focus is on the revenue goal and the strategy of how it will be achieved. Since all good stories have ...
Choice Partners With Noble Investment Group to Develop Nine WoodSpring Suites
WoodSpring Suites | November 10, 2022
ROCKVILLE, Md. (November 10, 2022) – Choice Hotels International, Inc. (NYSE: CHH) recently signed an agreement with Noble Investment Group (Noble) to develop nine WoodSpring Suites hotels in Georgia and South Carolina over the next two years, signaling increased institutional interest in the largest economy extended-stay brand in the market. "When we acquired WoodSpring Suites four years ago, few other hotel brands were competing in the extended stay segment in a meaningful way. Choice Hotels not only breathed new life into this category--innovating new ways to deliver exceptional value to extended stay developers and longer-term guests...
BD Hotels and Sean MacPherson Join Development of New Hotel in West Palm Beach District
NDT Development | November 10, 2022
West Palm Beach, Fla. (November 10, 2022) – BD Hotels, founded by Richard Born and Ira Drukier, and Sean MacPherson join NDT Development, Place Projects, and Wheelock Street Capital to develop and operate a hotel on North Railroad Avenue in the Nora District. Born, Drukier, and MacPherson are collectively behind some of New York City’s most iconic hotels like The Bowery, The Jane, The Ludlow, and The Maritime. In 2016, the trio, in partnership with Wheelock Street Capital, took over the historic Chelsea Hotel, which recently reopened. The partners are well-known for implementing timeless designs and strong culinary programs to go wi...
Q3 2022 Major U.S. Hotel Sales Survey
Daniel Lesser | November 9, 2022
By Daniel Lesser Economists, politicians, and business leaders are split on whether the U.S. economy is heading for a recession, is already in one, or will merely experience a slowdown. With continued supply chain disruptions, geopolitical conflicts (most notably the war in Ukraine), and the Fed’s determination to continue increasing the federal funds interest rate, there is tremendous uncertainty around inflation and where the economy is heading. Mixed signals abound, however U.S. gross domestic product (GDP) increased for the first time this year in the third quarter, expanding at a higher-than-expected 2.6 percent annually. Unemployme...
Chickasaw Nation Breaks Ground on Destination Development OKANA Resort & Indoor Waterpark in OKC
November 9, 2022
OKLAHOMA CITY, Nov. 9, 2022-- Chickasaw Nation Governor Bill Anoatubby, along with tribal, state and Oklahoma City leaders, participated in the official groundbreaking ceremony for OKANA Resort & Indoor Waterpark. Situated along the Oklahoma River near downtown Oklahoma City and adjacent to the First Americans Museum, OKANA will be a $400 million tourist destination designed to continue the momentum of economic development in Oklahoma City. "We expect the OKANA Resort & Indoor Waterpark to be a significant economic driver of job growth and opportunities for everyone in this region," Gov. Anoatubby sai...
Tao Group Hospitality Announces Plans for First Ever Tao Resort in Orlando, Florida
Tao Group Hospitality | November 9, 2022
NEW YORK, Nov. 9, 2022-- Tao Group Hospitality has announced plans to open its first ever TAO-branded resort in Orlando, FL. completing the company's 360-degree approach to full-service entertainment experiences. Created in partnership with Unicorp National Developments, TAO Hotel will serve as the anchor for O-Town West - a $1 billion, 350-acre mixed-use community development located in stunning Southwest Orange County. For more than 20 years, Tao Group Hospitality has been a leader and innovator in the entertainment and culinary industry operating more than 70 branded locations in over 20 markets worldwide. Tao Group Hospitality has...
Four Seasons and Midad Real Estate to Develop Four Seasons Hotel and Private Residences Jeddah at the Corniche
Four Seasons Hotels and Resorts | November 9, 2022
TORONTO, Nov. 9, 2022 -- Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, announces plans to expand its presence in the Middle East alongside Saudi-based investment firm Midad Real Estate. Together, they will introduce Four Seasons Hotel and Private Residences Jeddah at the Corniche, a new-build coastal retreat scheduled to open in 2024. The project will be located within the Corniche District, where both guests and homeowners will be enchanted by views of the Red Sea and Jeddah's classic architecture, reflecting the city's 2000 years of history. Key business hubs, the historic are...
Songtsam Begins Construction on Its First Zero-Carbon Hotel in Tibet
Songtsam | November 9, 2022
(New York, NY, November 9, 2022) Songtsam, an award-winning luxury boutique hotel collection and Destination Marketing Company, located in the Tibet and Yunnan Provinces of China announced the construction of Songtsam's first zero-carbon hotel, the Songtsam Linka Retreat Lake Basong Tso located in Tibet. Expected to open in July, 2023, the 120-room Retreat will be Songtsam’s 16th and largest property. Founded in 2000 by Mr. Baima Duoji, Songtsam has always had a strong commitment to the preservation of the essence of Tibetan culture, as well as environmental conservation and sustainability by supporting the economic development of the loca...
citizenM Plans Three New 2023 Openings in Miami, Paris, and Austin
citizenM | November 9, 2022
citizenM Miami World Center – opening Q1 2023 citizenM’s second hotel in Miami will open at the Worldcenter, following the opening of citizenM Miami Brickell in July 2022. Surrounded by a diverse mix of retail, hospitality and entertainment spaces, citizenM Miami Worldcenter is centrally placed within the business and financial hub of the city. The building will feature a series of sculptures placed across the facade created by FriendsWithYou, the Los Angeles-based art collaboration between Samuel Borkson and Arturo Sandoval III - known for their work with the likes of Pharrell Williams and Diplo. Inside, four spacious, light-flooded s...
Frontline Success Leader Beekeeper Lands $50 Million Series C
Beekeeper | November 9, 2022
Beekeeper doubles revenue over the pandemic, captures more than $100M in total funding and launches new product suite SAN FRANCISCO and ZURICH, Nov. 9, 2022 — Beekeeper, the leading frontline success system, today announced it has raised $50 million in Series C funding after more than doubling revenues since the start of the pandemic. New investors like EGS Beteiligungen and Kreos Capital joined the round alongside existing investors Energize, Thayer, SwissCanto, Keen Ventures, Alpana Ventures, Edenred Capital and Verve Capital. Beekeeper plans to use this round of funding to grow, continue to invest in product development and establish it...
California Lodging Investment Conference [CLIC] Opens Nomination Process for 2023 Hotel Development Deal of the Year
CLIC | November 8, 2022
Winner Announced at [CLIC] 6 to be Held March 1-2, 2023, at Westin South Coast Plaza in Costa Mesa, Calif. Newport Beach, Cali., November 8, 2022—Officials of the California Lodging Investment Conference [CLIC], the only hospitality conference focused on the California hotel market, today opened the nomination process for the 2023 Hotel Development Deal of the Year award. The winner will be announced during the upcoming, sixth annual gathering which will take place March 1-2, 2023, at the Westin South Coast Plaza in Costa Mesa, Calif. “The Hotel Development Deal of the Year award is a fantastic way to spotlight innovation and developm...
Hotel Renovation Projects in Canada Show Substantial YOY Increase at Q3 Close
Lodging Econometrics (LE) | November 8, 2022
November 8, 2022 – PORTSMOUTH, NH According to the recent Hotel Construction Pipeline Report for Canada by Lodging Econometrics (LE), LE analysts report that in the third quarter of 2022 the total construction pipeline in Canada stands at 263 projects/34,825 rooms, up 2% by projects and rooms year-over-year (YOY). At the Q3 close, projects presently under construction in Canada stand at 54 projects/6,984 rooms. Projects scheduled to start construction in the next 12 months are at 105 projects/14,270 rooms, a 24% increase by projects and a 37% increase in rooms YOY. Projects in the early planning stage show a slight 2% increase with 10...
Lowe Celebrates Topping Out of The Cooper Hotel in Downtown Charleston
Lowe | November 7, 2022
CHARLESTON, SC – November 7, 2022 – On Friday, November 4, Lowe and BL Harbert International celebrated the topping out of The Cooper, downtown Charleston’s anticipated new full-service waterfront hotel. The event was attended by the project teams working on the construction of the hotel at an on-site luncheon where partners signed a ceremonial beam signifying the completion of vertical construction. Located at 176 Concord Street adjacent to Joe Riley Waterfront Park, The Cooper Hotel will set a new standard for hospitality excellence in Charleston. Quotes “The Cooper’s topping out ceremony recognizes an important achieve...
