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
Wyndham Hotels & Resorts Welcomes the Bristol Panama to Its Registry Collection Hotel Portfolio
Bristol Panama, a Registry Collection Hotel | December 10, 2021
PARSIPPANY, NJ - December 10, 2021 - Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, welcomes The Bristol Panama, a Registry Collection Hotel to the company's growing portfolio. This elegant and award-winning luxury hotel is the second hotel to join its recently-unveiled brand, Registry Collection Hotels. Situated in the heart of Panama City's Financial District, the sophisticated hotel provides easy access to the city's top attractions like the Old Quarter, Panama Canal, and Biomuseum. With 125 luxurious bedrooms and 48 executive residences, the hotel...
Marriott International Expects to Debut More than 30 Luxury Hotels Across the Globe in 2022
Marriott International, Inc. | December 10, 2021
From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. today announced it expects to debut more than 30 luxury hotels in 2022, creating the rare and enriching experiences today's luxury traveler craves with its unmatched portfolio of dynamic luxury brands. Through the world-renowned hospitality hallmarks of The Ritz-Carlton, Ritz-Carlton Reserve, St. Regis, W, The Luxury Collection, EDITION, JW Marriott and Bulgari, Marriott International continues to elevate travel, creating highly contextualized, distinct brand experiences that signal the future of luxury. With an unrivaled network of more than 460 landmark luxu...
Hôtel Barrière Fouquet’s to Launch in New York’s Tribeca District in 2022
groupe Barrière | December 10, 2021
NEW YORK, NEW YORK — December 10, 2021 — The luxury Hôtel Barrière Fouquet’s will mark a new era for New York’s Tribeca’s district. Owned by Caspi Development and operated by the French Group, the elegant hotel will be Barrière’s debut in the U.S., blending Parisian panache with Tribeca cool while delivering unparalleled sophisticated hospitality on an intimate scale. Befitting its location in the city’s most coveted neighborhood, the eight-story Hôtel Barrière Fouquet’s New York features 97 residential-style rooms and suites by world-renowned designer Martin Brudnizki; vibrant food and beverage destinations, incl...
Hilton Luxury Hot List: Global Properties to Debut in 2022
LXR Hotels & Resorts | December 9, 2021
MCLEAN, VA - December 9, 2021 - Hilton’s iconic luxury brands will continue an impressive momentum of global growth in 2022 with nearly 10 openings and new signings slated across Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts. This follows eight openings in 2021 across global leisure destinations including Las Vegas, southern California, Kyoto, Seattle and the Seychelles. “The continued growth of Hilton’s luxury category is a testament to the trust and confidence our guests and development partners have in Waldorf Astoria, LXR and Conrad,” said Matt Schuyler, Hilton’s ch...
Rivers Casino Portsmouth Breaks Ground on Victory Boulevard in Virginia
Rush Street Gaming | December 8, 2021
PORTSMOUTH, VA - Rivers Casino Portsmouth, developed and operated by Rush Street Gaming, today hosted a groundbreaking ceremony to officially launch the construction of the new gaming and entertainment complex planned for Victory Boulevard. This $300 million plus project will feature a casino, BetRivers Sportsbook, premier restaurants, a live entertainment lounge, hotel, and event center. Rivers Casino Portsmouth will open in early 2023. The groundbreaking ceremony took place at the construction site — the intersection of Victory Blvd. and Freedom Ave. in Portsmouth — and featured remarks from Senator L. Louise Lucas; Delegate Barry Kn...
Valor Hospitality Adds St. Andrews Scores Hotel to Global Portfolio
VALOR HOSPITALITY PARTNERS | December 8, 2021
ATLANTA, GA – December 8, 2021 – Valor Hospitality Partners, a global, full-service hotel management company announced today their partnership with U.S. based Links Collection and Ireland-based Wirefox to operate the Scores Hotel in St. Andrews, beginning with an 18-month renovation. Formed by Dallas, Texas based partners Robert Covington and Jonathan Harper, the Links Collection is the culmination of a mutual goal to develop and grow a desirable portfolio of small boutique hotels around iconic U.K. golf destinations, following their lifelong enthusiasm for links golf and love of the U.K. Wirefox, owned by B.J. Eastwood, a recognize...
Marriott Signs With Sela Sport Company to Develop Two New Luxury Hotels in Saudi Arabia
Marriott International | December 7, 2021
Marriott International, Inc. today announced it has signed an agreement with Sela Sport Company to develop two new luxury hotels in Saudi Arabia. Slated to open in 2022, The St. Regis Riyadh will be located at the entrance of the Diplomatic Quarter, close to the city’s embassies and central business district. Also expected to open in 2022, The Jeddah EDITION will be situated on the corniche of Jeddah and close to the new Jeddah Corniche Circuit. “We are thrilled to work with Sela Sport Company to bring these exciting new projects to Riyadh and Jeddah,” said Jerome Briet, Chief Development Officer, Europe, Middle East & ...
Rosewood Riyadh to Open in 2025 in Saudi Arabia
Rosewood Hotels & Resorts | December 7, 2021
Rosewood Hotels & Resorts® continues its strategic global growth with the announcement of Rosewood Riyadh, a new-build luxury hotel set to open in the Saudi Arabian capital in 2025. Situated adjacent to the UNESCO World Heritage Site of At-Turaif, Rosewood Riyadh will be located within Diriyah Gate, a progressive mixed-use development project poised to become the country’s leading cultural and lifestyle destination. The hotel is destined to bring a new level of luxury to the local and regional hospitality landscape and present an exceptional opportunity for both business and leisure travelers to immerse themselves in one of the Middl...
IHG’s Newest Brand, Vignette Collection, Makes European Debut in Multi-Property Deal With JJW
IHG Hotels & Resorts | December 7, 2021
In partnership with owner group JJW Hotels & Resorts (JJW), the signings in Portugal and Austria represent the strong owner appetite for Vignette Collection, which launched less than four months ago as the 17th member of IHG’s brand family. Bringing together exclusive properties in sought-after urban and resort locations, it welcomes world-class independent hotels to the company’s Luxury & Lifestyle collection in a style that combines the distinctive identity of each property with the power of IHG’s global scale and expertise. The agreement between IHG and JJW also includes a new property for IHG’s voco™ hotels brand ...
Marriott International Signs With Cotton Bay Holdings to Debut the Ritz-Carlton Reserve Brand in Eleuthera
The Ritz-Carlton Hotel Company, LLC | December 7, 2021
Marriott International, Inc. today announced it has signed an agreement with Cotton Bay Holdings to introduce a Ritz-Carlton Reserve on the island of Eleuthera in the Bahamas. A highly personalized leisure experience that blends intuitive service with local design and stunning natural landscapes, the resort joins an exclusive collection of only five Ritz-Carlton Reserve properties around the world. “We are thrilled to bring the Ritz-Carlton Reserve brand and service to this pristine island in the Great Bahama Bank” said Laurent de Kousemaeker, Chief Development Officer, Caribbean and Latin America, Marriott International. “We are excit...
Sunstone Hotel Investors Completes Disposition of Embassy Suites La Jolla and Acquisition of Four Seasons Resort Napa Valley
Sunstone Hotel Investors, Inc. | December 6, 2021
IRVINE, CA - December 6, 2021 - Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone"), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced today that it completed the previously announced sale of the Embassy Suites La Jolla and the previously announced acquisition of Four Seasons Resort Napa Valley ("Four Seasons Napa"). On December 2, 2021, the Company sold the 340-room Embassy Suites La Jolla for a contractual sale price of $226.7 million or approximately $667,000 per key. The sale price represents a 22.3x multiple on 2019 Hotel Adjusted EBITDAre and a 4.0% cap rate on 2019 Hotel Net Operating...
Recovery of U.S. Hotel Profitability Stalled in October
STR | December 6, 2021
HENDERSONVILLE, Tennessee — December 4, 2021 — U.S. hotel profitability increased from the previous month on a per-available-room basis but was down when indexed to 2019, according to STR‘s October 2021 monthly P&L data release. All of the key profitability metrics increased from September as October is historically a higher revenue month. GOPPAR: US$62.75 TRevPAR: US$165.03 EBITDA PAR: US$44.14 LPAR (Labor Costs): US$52.17 Estimated industrywide gross operating profit was 89% of the 2019 comparable, after coming in at 97% when using the same index comparison in September. Labor costs reached 91% of p...
Union Investment Brings Hilton to Innsbruck/Austria
| December 6, 2021
As part of a rebranding and extensive refurbishment programme, the former Hotel Ramada Innsbruck Tivoli is being significantly upgraded and repositioned in the Innsbruck hotel market. Union Investment has signed a long-term lease for 30 years with German hotel operating company HR Group. The hotel has been vacant since 31 July following expiry of the lease with the former tenant. The hotel is expected to open on 15 December – in a transitional phase as an independent hotel - and will then be fully refurbished during ongoing operation. Once the refurbishment work has been completed, the hotel will be positioned in the market under the Hil...
IHG Hotels & Resorts Signs EVEN Hotel Bozeman
IHG Hotels & Resorts | December 6, 2021
ATLANTA, GA – December 6, 2021 – IHG® Hotels & Resorts, one of the world's leading hotel companies, announced the signing of the EVEN Hotel Bozeman in Belgrade, Montana. This property will be an anchor tenant of a new mixed-use development adjacent to the Bozeman Yellowstone International Airport, which will also house a brewery, various restaurants, a coffee shop, and an upscale bowling facility. With an estimated completion in late 2022, the 120-room hotel will have onsite amenities aimed at EVEN Hotel's wellness-minded traveler, including an indoor pool and healthy food options from Cork & Kale restaurant. The hotel will a...
Park Lane New York Opens on NYC’s Prestigious Billionaires’ Row Following Transformation
Highgate | December 2, 2021
NEW YORK, NY – December 2, 2021 – Rising 47 stories into the New York skyline and situated steps away from Central Park, Park Lane New York has been transformed into a unique and inclusive retreat – a bold departure from its neighbors. Entrusted with reawakening the spirit of the iconic hotel, global design agency Yabu Pushelberg embarked on a total redesign of the building, reinvigorating the interiors to create an entirely new space for guests to enjoy – while mindfully restoring the existing architectural details of the historic building, a unique example of legendary Emery Roth & Sons’ trademark post-war style. Drawi...
Radisson Hotel Group Americas Signs Its First Radisson in Suriname Off the Northern Coast in Paramaribo
RADISSON HOTEL GROUP AMERICAS | December 2, 2021
Minneapolis, MN — December 2, 2021 — Radisson Hotel Group Americas today announced the signing of the international license agreement for Radisson Hotel Paramaribo with ownership group Kersten Hotelmaatschappij N.V., a fully owned subsidiary of C. Kersten en Co. N.V. (“the Kersten Group"). The Kersten Group was founded in 1768 and is an established, diversified, and sustainable group of companies in the republic of Suriname, situated in the Northern part of South America. The license agreement marks Radisson Hotel Group Americas’ first hotel in Suriname and illustrates the company’s continued strategic growth focus in South Amer...
Accor Welcomes Hotel Belmont Vancouver Into the MGallery Hotel Collection
The MGallery Hotel Collection | December 1, 2021
World leading hospitality group Accor announced that effective today, December 1st, 2021, Hotel Belmont Vancouver will join the Group’s global portfolio of hotels and resorts as the first Canadian property in the MGallery Hotel Collection. Located at the epicenter of Vancouver’s entertainment district, the heritage property is a cultural and artistic nexus for locals and visitors alike, making Hotel Belmont Vancouver a perfect fit for MGallery’s storied collection of individual, boutique-styled hotels. Hotel Belmont Vancouver - MGallery Hotel Collection marks the brand’s first foray into the Canadian market, joining a global networ...
Radisson Hotel Group to Open 11 Radisson Individuals Hotels Across Russia
November 30, 2021
Radisson Hotel Group and Cosmos Hotel Group (part of the AFK Sistema company) signed an agreement under which part of Cosmos Hotel Group’s hotels will benefit from the international hotel chain Radisson Hotel Group, while maintaining their own brand and identity. Under the agreement, 7 existing hotels currently in the Cosmos Hotel Group’s portfolio will join the Radisson Individuals brand. Another 4 hotels are committed to open by 2025 under this dual branding. In the future, the number of Cosmos Hotels that will be a member of Radisson Individuals could increase. Radisson Individuals offers independent hotels and regional chains the o...
The Georgetown Company and RocaPoint Partners Plan 145-Room Element Hotel in Atlanta, Georgia
RocaPoint Partners | November 30, 2021
ATLANTA, GA — November 30, 2021 — The Georgetown Company and its affiliate RocaPoint Partners, today announce the latest updates for Campus 244, a 1 million-plus-square-foot mixed-use development adjacent to the Dunwoody MARTA station in Atlanta’s Central Perimeter submarket. Situated on 12.8 acres, the walkable campus will feature a new 145-key Element Hotel, complete with a dynamic lobby bar and separate chef-driven local restaurant, all complementing the 400,000-square-foot adaptive reuse office building and 25,000 square feet of new food and beverage establishments. This announcement comes as pre-leasing momentum builds around offic...
Meliá Hotels and Falcon’s Beyond Global Announce First World-Class Theme Park and Entertainment Destination in Punta Cana
Falcon’s Beyond Global LLC | November 24, 2021
Punta Cana – November 24, 2021 – Today, Meliá Hotels International, in joint venture with Falcon’s Beyond Global, has announced extensive plans to build and develop a world-class theme park, Katmandu™, slated to open fall 2022 in Punta Cana, Dominican Republic, and a premier entertainment, dining, and retail destination. The Falcon’s Beyond™ destination entertainment plan has been developed in two phases. Phase 1 includes the development of Katmandu Park Punta Cana, which will take beloved Katmandu characters and stories, already popular with millions of visitors in Europe, to entirely new audiences in the Caribbean. The Katman...
Viajero Hostels to Debut First-Ever US Property in Miami’s South Beach
Viajero | November 24, 2021
MIAMI, FL – November 24, 2021 – VIAJERO HOSTELS—a traveler-focused lifestyle brand with 16 hostels and coliving spaces in Colombia, Argentina, Uruguay and Mexico—will make its US debut in Miami, FL in late November 2021. Replacing The Stiles Hotel, an Art Deco boutique hotel on South Beach’s iconic Collins Avenue, Viajero Miami will be just steps away from the beach, Ocean Drive and many of the area’s popular bars, restaurants, shops and nightclubs. Founded in 2005 by two young travelers, Fede Lavagna and Lucho González—who first crossed paths in a hostel while backpacking around the world—Viajero was created to make travele...
S Hotels & Resorts Breaks Ground on SO/ Maldives
S Hotels and Resorts Public Company Limited | November 24, 2021
BANGKOK, THAILAND – November 24, 2021 –S Hotels and Resorts Public Company Limited, the flagship hospitality arm of Thailand’s Singha Estate PCL, has celebrated the official launch of SO/ Maldives, with a ground-breaking ceremony for this vibrant new beachfront resort on the third island of CROSSROADS Maldives, the Indian Ocean’s first fully-integrated leisure and lifestyle destination. This important milestone was marked with an event attended by senior representatives from S Hotels & Resorts. Set to be opened in 2023, this exciting new project is being created by S Hotels & Resorts, Wai Eco World Developer (WEWD), the lea...
Condor Hospitality Completes Sale of Its 15 Hotels Portfolio
Condor Hospitality Trust, Inc. | November 23, 2021
NORFOLK, NE – November 23, 2021 – Condor Hospitality Trust, Inc., a hotel-focused real estate investment trust (“REIT”) headquartered and incorporated in the state of Maryland, today announced that it has completed the sale of the Company’s 15 hotels. The sale of the hotels was completed pursuant to the previously announced Hotel Purchase and Sale Agreement, dated September 22, 2021, between the Company and B9 Cowboy Mezz A LLC, a Delaware limited liability company and an affiliate of Blackstone Inc. (the “Buyer”), in which the Company agreed to sell the hotels to Buyer and Buyer agreed to purchase the hotels for a purchase p...
Accor Introduces Emblems Collection – a Captivating Portfolio of Unique Luxury Hotels
Accor | November 23, 2021
PARIS – November 23, 2021 – Accor, a world leading hospitality group featuring one of the industry’s most diverse and fully integrated hospitality ecosystems, is delighted to introduce Emblems Collection, a unique global portfolio of boutique hotels and luxurious resorts. Emblems Collection is launching with a magnificent flagship hotel – Guiyang Art Centre Hotel, Emblems Collection in China’s Guizhou province, slated to open in December 2022. The luxury brand is expected to grow to 60 properties around the world by 2030. “Emblems Collection adds a fresh and exciting new dimension to Accor’s luxury offerings. A key...
