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
Accor Continues Its Expansion in Japan With the Signing of Mercure Haneda
Accor | June 16, 2022
Accor, a world leading hospitality group, has signed a management agreement with Samty K.K., bringing to life the first international airport hotel within close proximity to Tokyo’s Haneda Airport with the opening of Mercure Haneda. The newly built hotel is slated for completion in 2023. Haneda is a gateway to Japan with several international and domestic flights daily. It is close to downtown Tokyo and offers convenient access to Yokohama. Tokyo Mercure Haneda will be strategically located within 10-minute drive from Haneda Airport and within a few hundred metres away from Otorii Railway Station. The hotel is a short stroll to Anamori-i...
Waldorf Astoria Hotels & Resorts Expands Into Malaysia With 2024 Opening in Kuala Lumpur
Hilton | June 16, 2022
KUALA LUMPUR, Malaysia – Waldorf Astoria Hotels & Resorts, one of Hilton’s (NYSE: HLT) luxury hotel brands, today announced its expansion into Malaysia with Waldorf Astoria Kuala Lumpur. Scheduled to open in 2024, Waldorf Astoria Kuala Lumpur will be developed and owned by Tradewinds Corporation Berhad and managed by Hilton. It continues the brand’s entry into sought-after destinations such as Sydney, Tokyo, Osaka and Jakarta, and joins an award-winning portfolio of Waldorf Astoria Hotels & Resorts in Asia Pacific in destinations like the Maldives, Bangkok, Beijing and Shanghai. “After many years of shared success,...
Hilton Signs With Çalik Holding A.S. for Canopy by Hilton Istanbul Taksim
Hilton | June 15, 2022
ISTANBUL – Hilton (NYSE: HLT) is celebrating a historic moment with the exciting announcement of its 100th trading or pipeline hotel in Türkiye. In an agreement signed with Çalık Holding A.S., Canopy by Hilton Istanbul Taksim is expected to open in 2023 and will not only achieve a century of hotels either already operating or under development in Türkiye, but also signal the debut of the Canopy boutique lifestyle brand in the country. Tugrul Temel, managing director, development, Türkiye, Hilton said, “I’m delighted and proud to announce this special milestone for Hilton which sees us reach 100 hotels in Türkiye. Canopy by...
Marriott Signs With AKYN Hospitality Group for Courtyard by Marriott Quy Nhon
AKYN Hospitality Group | June 14, 2022
HO CHI MINH CITY, Vietnam, June 14, 2022-- AKYN Hospitality Group has officially announced the agreement signing with Marriott International to bring Courtyard by Marriott brand to Quy Nhon, an up-and-coming coastal destination in south-central Vietnam. Scheduled to open in early 2025, Courtyard by Marriott Quy Nhon, developed by AKYN Hospitality Group, promises to bring a high-class experience with international standards for locals, domestic and foreign tourists. Accentuating contemporary design that encompasses comfort and functionality, Courtyard by Marriott Quy Nhon features 362 guestrooms and suites with b...
Hilton Signs With Mitsubishi Estate Co. to Open Conrad Nagoya in Japan
Hilton | June 14, 2022
TOKYO – June 14, 2022 – Hilton (NYSE: HLT) today announced the signing of an agreement with Mitsubishi Estate Co., Ltd. to open Conrad Nagoya in the summer of 2026. The hotel will be part of a multi-company* mixed-use development, located in Nagoya’s central business district of Sakae, Aichi Prefecture. “Together with Mitsubishi Estate Co., Ltd., we are delighted to bring Conrad Hotels & Resorts to Nagoya, Japan’s center of manufacturing and craftsmanship, and one of Japan’s leading metropolitan areas with a population of more than 10 million,” said Clarence Tan, senior vice president, Development, Asia Pacific. “Na...
Sonnenblick-Eichner Company Advises on $35 Million of Interim Leasehold First Mortgage Financing for Moxy Oakland Downtown, Oakland, California
Sonnenblick-Eichner Company | June 14, 2022
Beverly Hills, CA, (June 14, 2022) -- Sonnenblick-Eichner Company announced today that it was the exclusive advisor to the Borrower for the placement of $35 million of first mortgage interim financing for the leasehold interest in the Moxy Oakland Downtown, a 172-room hotel located in the Uptown Arts and Entertainment District of Oakland, California. The hotel opened in March of 2021. Proceeds from this non-recourse financing were used to retire the construction loan and provide fresh capital to advance the hotel towards stabilization. The property was developed by Tidewater Capital and Graves Hospitality and is managed by Graves Hospitali...
Hospitality Financial Leadership: The First Fifty
David Lund | June 13, 2022
By David Lund As I write this piece, I am proud to say I am 58 years young. So far, my life has been great. Many challenges to overcome like anyone and many bumps in the road for sure. Someone once said that success is simply going from one disaster to the next and the trick with that is no stopping to lament on the carnage left behind. That might be a little tongue and cheek, but you get the point. Things happen to us all and our ability to move on and keep going without the permanent thoughts about what happened and why, I believe is the key to my life. That does not mean I do not learn from my mistakes, but it does mean I go easy on ...
Cambria Hotels Drives Coast-to-Coast Expansion With 10 New Franchise Agreements and Four Groundbreakings
Cambria Hotels | June 10, 2022
ROCKVILLE, Md., June 10, 2022 -- Building on its strategy to continually grow its footprint in markets sought-after by guests and developers alike, Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), has awarded 10 franchise agreements to develop the new Cambria prototype. Launched in late 2021, the new prototype is uniquely designed to build the right sized Cambria for the right market, helping to lower the total cost of owning a Cambria hotel while continuing to deliver on the core hallmarks upscale guests prefer. The new Cambria prototype option will continue to deliver the brand hall...
Cambria Hotels Breaks Ground in Lake Placid, New York
Cambria Hotels | June 10, 2022
ROCKVILLE, Md., June 10, 2022-- Continuing its rapid expansion into popular markets across the country, Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), officially started construction on the Cambria Hotel Lake Placid - Lakeside Resort in Lake Placid, New York on June 9, 2022. Expected to open in fall 2023, the new 185-room Cambria will be the brand's fourth hotel in New York and adds to Cambria's growing portfolio of properties in travelers' favorite leisure destinations. Representatives from Choice Hotels and developer, Bhavik Jariwala, of Matrix Hotels, along with Town Supervisor,...
Restaurateur Charlie Palmer and Four Seasons Veteran Christopher Hunsberger Launch Appellation Hotel Brand
Appellation | June 8, 2022
Healdsburg, CA: Celebrated American chef Charlie Palmer and hotel industry veteran Christopher Hunsberger announce the co-founded launch of Appellation, the first hotel brand born from the elegant merger of culinary and hospitality. Appellation, meaning “to give a name to a place,” will cultivate community around food and the role it plays in bringing people together, while exuding ‘approachable luxury’ in accommodations and service. The brand’s initial new-build hotels will debut in iconic leisure destinations in Idaho with Appellation Sun Valley (2023) and two distinct regions in California with Appellation Healdsburg (2023) and A...
Hilton Signs With Primestar Hospitality for Hampton by Hilton Vienna City West
Hilton | June 8, 2022
VIENNA and MCLEAN, Va – Hilton (NYSE: HLT) has today announced plans to open one of the world’s largest Hampton by Hilton hotels in Vienna. Following a franchise agreement with established partner Primestar Hospitality GmbH, with whom Hilton has a number of franchise agreements in Germany, the new development is scheduled to open in Autumn 2024. Patrick Fitzgibbon, senior vice president, development, EMEA, Hilton said, “Powered by customer demand for contemporary modern design and friendly and reliable service, Hampton by Hilton is our fastest growing brand in Europe, the Middle East and Africa, with more than 200 properties trad...
Remote Accounting Is a Breeze for Treasure Island’s Fusion Resort and First Choice Hotel Management
Aptech Computer Systems | June 8, 2022
Financial services firm Grachan & Company relies on PVNG by Aptech to manage the hotel’s accounts payable, accounts receivable, and general ledger processes and share statistical data with operator First Choice Hotel Management PITTSBURGH, June 8, 2022 — Not every hotel has a full-service accounting department; some outsource financial services to a third-party to streamline processes and keep overhead to a minimum. Such is the case at Fusion Resort in Treasure Island, Fla. Operated by First Choice Hotel Management (FCHM), the company partnered with Grachan & Company, Certified Public Accountants, to oversee the property’s ...
1 Hotel Austin Set to Open in 2026
SH Hotels & Resorts | June 7, 2022
NEW YORK, June 7, 2022 -- 1 Hotels, the mission-driven, sustainably focused luxury lifestyle hotel brand founded by hospitality visionary Barry Sternlicht, today announced plans to add a new sanctuary to its global portfolio of premier properties. With properties in New York City (Brooklyn Bridge, Central Park), West Hollywood, Sanya (China), South Beach, Toronto, and San Francisco, 1 Hotel Austin is the brand's entry point into the fast-growing Texas marketplace. The property is being developed in partnership with Lincoln Property Company and Kairoi Residential. 1 Hotel Austin will be an integral component of an ...
Fairmont Hotels & Resorts Signs With Thunderbird Legacy Development for New Fairmont Hotel and Residences in downtown Phoenix
Fairmont Hotels & Resorts | June 6, 2022
Scheduled to open in 2025, Fairmont Phoenix will bring a new and unprecedented luxury hotel and residential product to the expanding downtown Phoenix market TORONTO, June 6, 2022 – Fairmont Hotels & Resorts, part of world leading hospitality group Accor, together with Thunderbird Legacy Development, today announced the signing of definitive agreements for the development and management of a new Fairmont Hotel and Residences in downtown Phoenix. Scheduled to open in early 2025, Fairmont Phoenix will offer a luxury hotel and residential experience unlike anything in the downtown market and will join an impressive portfolio of icon...
Pinnacle Hospitality Group and Choice Hotels Break Ground on Cambria Hotel in Rehoboth Beach, Delaware
Cambria Hotels | June 6, 2022
ROCKVILLE, Md., June 6, 2022- Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), continues to expand its sought-after, design-forward accommodations to popular markets across the country with the official start of construction on the Cambria Hotel Rehoboth Beach in Rehoboth Beach, Delaware. Expected to open in spring of 2024, the four-story, 114-room Cambria will mark the brand's first property in Delaware when it debuts. Representatives from Choice Hotels and developer Pinnacle Hospitality Group, along with local dignitaries including, Scott Thomas, executive director, Southern Delaware T...
Africa Hotel Development: It’s Egypt, Morocco, Accor & Marriott
W Hospitality Group | June 6, 2022
TAGHAZOUT, Morocco, June 6, 2022/ -- Just four words are needed to sum up the main findings of this year’s African hotel chain development pipeline survey conducted by W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF); those words are Egypt, Morocco, Accor and Marriott. This year’s annual survey, which is widely acknowledged as the industry’s most authoritative source, has, as of Q1 2022, a record 42 global and regional (African) contributors, reporting on a pipeline of hotel development activity totalling around 80,300 rooms in 447 hotels, in 42 of Africa’s 54 countries. Looking first at th...
Accor to Debut Sofitel Legend Casco Viejo Panama in Fall 2022
Sofitel Legend | June 2, 2022
World leading hospitality group Accor announces the upcoming reveal of the first Sofitel Legend, the Group’s internationally renowned French luxury heritage brand, in North and Central America – with the debut of Sofitel Legend Casco Viejo Panama in fall 2022. Uniquely located on a waterfront enclave, once the site of the former Club Union of Panama and a designated UNESCO World Heritage Site, the hotel will stand apart, bringing undeniable French savoir-faire to one of the world’s most sought-after destinations. Sofitel Legend Casco Viejo Panama will be the sixth legendary address in the prestigious Sofitel Legend brand, with hote...
Grand Hyatt Cancún Beach Resort Coming to Quintana Roo, Mexico
Grand Hyatt | June 1, 2022
CHICAGO (June 1, 2022) – Hyatt Hotels Corporation (NYSE: H) announced today plans for Grand Hyatt Cancún Beach Resort, a new-build resort in Quintana Roo, Mexico in collaboration with ownership group Diestra Realty, S.A. de C.V. Anticipated to open in 2024 in time for the summer season, the 500-room luxury Grand Hyatt hotel will mark another milestone in Hyatt’s ambitious brand growth strategy in Latin America to meet growing leisure travel demand. Situated in the eastern part of the Yucatan Peninsula with expansive views overlooking the Caribbean Sea and nearby Isla Mujeres, Grand Hyatt Cancún Beach Resort will be a captivating d...
Hyatt Signs With EICC for New-Build Hyatt Centric Edinburgh Haymarket in Scotland
Hyatt Centric | June 1, 2022
CHICAGO (June 1, 2022) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with Edinburgh International Conference Centre (EICC) for Hyatt Centric Edinburgh Haymarket. Slated to open in mid-2025, the 349-room property will mark the first Hyatt hotel in Scotland, signifying a key milestone for Hyatt’s strategic brand growth in the U.K. Located less than 1,000 feet (300 meters) from the EICC, Hyatt Centric Edinburgh Haymarket will be a part of the Haymarket Edinburgh development, which will encompass office blocks and retail units. In collaboration with Edinburgh College, ...
IHG Signs Three-Hotel Deal in Central Vietnam With ConBap Ecological Tourist Co
IHG Hotels & Resorts | May 31, 2022
IHG Hotels & Resorts is celebrating another major milestone in Central Vietnam after signing a landmark three-hotel portfolio deal in Hoi An with ConBap Ecological Tourist Co.Ltd. From 2024, visitors to Hoi An will have an unprecedented choice of places to stay within a 10-minute walk of its ancient town – a UNESCO world heritage site – following this latest exciting instalment in IHG’s South East Asia growth story. The agreement will lead to the expansion of its boutique lifestyle brand Hotel Indigo and one of the world’s largest premium hotel brands Crowne Plaza, as well as introduce IHG’s fastest-growing brand Holiday ...
Projects Counts in the Middle East Hotel Construction Pipeline Remain Unchanged at the End of Q1 ‘22
Lodging Econometrics | May 31, 2022
May 31, 2022 – PORTSMOUTH, NH According to Lodging Econometrics’ (LE) Construction Pipeline Trend Report for the Middle East, at the end of 2022’s first quarter, the region’s hotel construction pipeline stands at 536 projects/138,915 rooms, unchanged by project counts and down 9% by rooms year-over-year (YOY). At Q1 ‘22, projects currently under construction stand at 331 projects/91,421 rooms, down 4% by projects and 16% by rooms YOY. Projects scheduled to start construction in the next 12 months are at 78 projects/22,041 rooms, an 11% decrease by projects and 8% increase by rooms YOY. Projects in the early planning stage are at...
Hilton Expands Presence in India With the Signing of Hilton Hyderabad Resort & Spa
Hilton | May 27, 2022
HYDERABAD – 27 May, 2022 – Hilton (NYSE: HLT) announced the signing of an agreement with CKR Resorts Private Limited to launch Hilton’s flagship brand in Hyderabad, with Hilton Hyderabad Resort & Spa. Hilton continues to expand its presence in India and currently operates 24 hotels, seven of which are Hilton Hotels & Resorts properties. Navjit Ahluwalia, senior vice president and country head of Hilton in India, said, “I am thrilled to announce the signing of Hilton Hyderabad Resort & Spa. We actively explore strategic opportunities to deploy our brands across the country and this signing reinforces our...
Club Med’s Newest European Resort, Club Med Magna Marbella, Is Officially Open
Club Med | May 26, 2022
MIAMI, May 26, 2022-- Club Med, the pioneer of the all-inclusive concept, has officially opened its newest European resort, Club Med Magna Marbella. This marks the brand's historic return to Spain, as the very first Club Med resort was founded on Spain's Balearic Islands in 1950. The four Trident (4-star), family-friendly resort welcomed its first guests on May 20, 2022, introducing many to one of Spain's most mythic destinations with spectacular views of the Mediterranean Sea, lively city of Marbella, and Sierra Blanca at every corner. Guests who checked in over the weekend were the very first to experience the resort's vibrant i...
Detroit’s Historic David Whitney Building to Undergo Major Renovation and Rebrand to Autograph Collection Hotel
Autograph Collection Hotels | May 26, 2022
DETROIT – May 26, 2022 – Detroit-based real estate development company, The Roxbury Group, in collaboration with TreeFort Hospitality, announced today a major renovation to downtown Detroit’s historic David Whitney Building and will rebrand its hotel as an Autograph Collection hotel upon completion. The renovations will include an expansion of the hotel as well as new food and beverage venues. The centerpiece of the project, a new Autograph Collection hotel, will be undertaken in phases over the next 12 to 14 months and will involve the complete renovation of all 136 guest rooms, and the addition of two more hotel floors for a total...
