Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
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Kimpton San Antonio Celebrates Its Topping Out on Schedule
Kimpton Hotels & Restaurants | July 20th, 2023
Hotel Equities Opens 122-Room Hilton Garden Inn Ardmore in Oklahoma
Hilton Garden Inn | July 25, 2016
ARDMORE, Okla. - Hilton Garden Inn, Hilton Worldwide's (NYSE: HLT) upscale global brand of hotels, today announced the opening of Hilton Garden Inn Ardmore. The property, located at 710 Premier Parkway, brings 122 new rooms to the Hilton Garden Inn brand. It is managed by Hotel Equities. "The hotel is poised to welcome guests to "Lake and Trail Country" known as Ardmore," said Barry Werthwine. "Guests will enjoy our welcoming hotel whether they are visiting for leisure or for business." Hilton Garden Inn Ardmore is adjacent to Interstate 35 and near Lake Murray State Park. Business offices including Mic...
High Hotels Breaks Ground on the 135 All-Suite SpringHill Suites by Marriott Allentown/Bethlehem Hotel
High Hotels Ltd. | July 13, 2016
Ceremony Speakers (left to right) Rick Stoudt, President, High Construction company Laurel Rolle, Regional Director Operations, High Hotels Russ Urban, President, High Hotels Dave Mendis, Development Marriott International Stephanie Reese, VP Sales & Marketing, High Hotels Mike Shirk, CEO, the High Companies Charlie Dent, US Congressman (PA-15) Tony Iannelli, President & CEO Greater Lehigh Valley Chamber of Commerce Michael Stershic, President Discover Lehigh Valley Jason Space, Integrity Bank Offering spacious studio suites, the hotel is scheduled to open in the Stabler Corporate Center in late-summer 2017. LANCASTER, PA. (Jul...
U.S. Hotel Development Cost Survey 2015/16
Stacey E. Nadolny | July 12, 2016
By Stacey E. Nadolny This 2015/16 survey reports per-room hotel development costs based on data compiled by HVS from hotel projects proposed or under construction during the 2015 calendar year. Construction cost data for new projects was collected in 2015 in order to form the basis of the mean and median of the construction cost components. Data derived from published sources and industry indexes, as well as information obtained from architects, contractors, developers, lenders, and other professionals involved with hotel development projects, have been considered in this survey. The HVS Hotel Development Cost Survey sets forth ranges o...
Hilton has Largest Presence in Global Hotel Construction Pipeline with 1,536 Projects/246,358 Rooms
Lodging Econometrics | July 7, 2016
July 7, 2016 – PORTSMOUTH, NH – With 1,536 Projects/246,358 Rooms, Hilton Worldwide has the largest brand presence by both project and room count in the Global Hotel Construction Pipeline, Lodging Econometrics (LE) reports. Hilton has added 255 projects to its pipeline since last year, up 20%. Following closely is Marriott International with 1,431 projects/231,517 rooms and InterContinental Hotel Group with 1,281 projects/203,430 rooms. ...
Jekyll Island-State Park Authority RFP 326: Request for Proposals to Design, Construct and Operate a 100+/- Room Limited Service Hotel
June 30, 2016
The Jekyll Island State Park Authority (the "Authority" or "JIA") is seeking proposals from qualified and a highly experienced Hotel Developer to design, construct and operate a 100+/- room limited service hotel on a site in the Jekyll Island Beach Village. The new Jekyll Island Beach Village is the culmination of ten (10) years of island-wide revitalization. The Beach Village features retail shops, restaurants and lodging adjacent to pristine beaches and the Jekyll Island Convention Center. More information on Jekyll Island can be found at www.jekyllisland.com. To be considered, proposals must arrive at the offices of the Jekyll Island...
New York Tops List of Cities in the World for Hotel Construction with 187 Projects
Lodging Econometrics | June 24, 2016
June 24, 2016 – PORTSMOUTH, NH According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five cities with the largest construction pipelines in the world by project count are: New York with 187 Projects/32,136 Rooms; Jakarta with 130 Projects/22,851 Rooms; Seoul with 128 Projects/27,187 Rooms; Shanghai with 114 Projects/24,285 Rooms; and Dubai with 104 Projects/29,948 Rooms. ...
21% of U.S. Hotel Pipeline Yet to Select a Brand
Lodging Econometrics | June 22, 2016
June 21, 2016 – PORTSMOUTH, NH According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), there are 715 pipeline projects with 111,465 rooms, 21% of the Total Pipeline, that have yet to select a brand. Of these 715 projects 139 are for full-service hotels, 555 are select service and 121 are limited service. ...
U.S. Leads Global Construction Pipeline with 40% of World’s Growth
Lodging Econometrics | June 20, 2016
June 20, 2016 – PORTSMOUTH, NH - According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the worldwide Pipeline is at 11,196 Projects/1.9 million Rooms, the highest level LE has ever recorded. The Global Pipeline is up 5% Year-Over-Year (YOY) by projects and 6% by rooms. Growth is led by the United States which now has 40% of the world's and 29% of its rooms in the Pipeline. Globally there are 5,277 Projects/990,669 Rooms currently Under Construction, down 1% by projects and up 1% by rooms. Projects scheduled to Start Construction in the Next 12 Months, at 3,214 Projects and 466,129 Rooms,...
Nashville’s Boom Tilts Towards Upscale
Lana Yoshii | June 16, 2016
Construction is booming in Nashville, Tennessee, particularly in the hospitality industry. This latest wave of hotel construction commenced with the opening of the Music City Center in May 2013. Currently, there are 153 hotels totaling 23,400 hotel rooms in the city of Nashville. In 2015 and through May 2016, five hotels have opened increasing rooms supply by 3%. These properties ranged from 93 to 214 rooms ranging from economy priced hotels to upper-tier extended stay brands (i.e., Residence Inn Vanderbilt/West End). Currently, STR and Pinnacle Advisory Group have identified 46 potential hotel development projects in various stages of ...
Hotel Equities to Manage Residence Inn Miami Beach – Surfside, Owned by Hotel Development Partners
Hotel Development Partners | June 15, 2016
Atlanta, Georgia / Miami Beach/Surfside, Florida (June 15, 2016) – Atlanta-based Hotel Development Partners (HDP) announced the opening of the 175-suite Residence Inn by Marriott Miami Beach-Surfside in hotel will operate as a Marriott franchise, owned by HDP-TLD Partners LLC and managed by Hotel Equities (HE), a JV partner in the deal. "We are pleased to introduce this unique, lifestyle Residence Inn to the Surfside area," said Allen O'Brien, President of Hotel Development Partners. Leisure guests and families will love the beach access and local options for entertainment and fun. "The location works well for small meetings with ...
Upscale Chain Developments Represent 31% of U.S. Construction Pipeline with 1,384 Projects
Lodging Econometrics | June 14, 2016
June 14, 2016 – PORTSMOUTH, NH – According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics, hotel development in the Upscale chain scale represents 1,384 projects, 31% of the Total Pipeline. The leading Upscale brands are Residence Inn with 168 Projects, Courtyard with 140 projects and SpringHill Suites with 124 projects. These three largest brands all belong to Marriott International and account for a third of all pipeline projects in the Upscale chain scale. ...
HVS Design and JN+A Release 2016 Hotel Cost Estimating Guide
Warren G Feldman | June 10, 2016
By Warren G Feldman HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2016 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA. ...
New York and Houston Have Most Robust Hotel Construction Pipelines
Lodging Econometrics | June 9, 2016
June 9, 2016 – PORTSMOUTH, NH - Lodging Econometrics reports that the five U.S. markets with the largest hotel construction pipelines by project count are New York with 187 projects, Houston with 169, Dallas with 128, Los Angeles with 94 and, new to the top five, Nashville with 89 projects. Marriott International has the most pipeline projects of any franchise company in four of these markets with 30 in New York, 29 in Dallas, 18 in Los Angeles and 20 in Nashville. In Houston, however, Intercontinental Hotels Group has 46 projects. ...
Upper Midscale Projects Represent 45% of U.S. Construction Pipeline with 2,026 Projects
Lodging Econometrics | June 8, 2016
June 8, 2016 – PORTSMOUTH, NH - Analysts at Lodging Econometrics report that there are 2,026 Upper Midscale projects in the U.S. Hotel Construction Pipeline, the highest count of any chain scale and representing 45% of Total Pipeline projects. The leading Upper Midscale brands are Holiday Inn Express with 389 projects, Hampton Inn & Suites with 336 projects and Home2Suites with 290 projects. These top three brands represent half of all projects in the Upper Midscale pipeline. ...
Successful Louisville Transaction, Times Two: Paramount Lodging Advisors Completes Sale of IHG Kentucky Hotel Package
Paramount Lodging Advisors | May 31, 2016
Paramount Lodging Advisors (PLA) has closed on its third and fourth hotel transactions within the Louisville region over the past six months. PLA Managing Directors Adam Montufar, Bennett Webster, and Brent Clemens orchestrated the sale of both the Holiday Inn Express and Candlewood Suites in Radcliff, KY. The two hotels total 146 rooms and are located Southwest of Louisville, proximate to Fort Knox Army Base. The PLA team members exclusively represented the seller in this double transaction. "Paramount Lodging worked as the liaison between our group and the buyers. They did a fantastic job facilitating the tours of potential buyer...
Natalie Munlin Named Sales Director for DoubleTree DFW Arlington South Reopening Fall 2016
Hotel Equities | May 27, 2016
Atlanta, GA–May 27, 2016 – Atlanta-based Hotel Equities announced Natalie Munlin as the Director of Sales for the soon-to-be-completely renovated DoubleTree by Hilton DFW Arlington South in Arlington, Texas. The property is strategically located in the Entertainment District of the Dallas-Ft. Worth metroplex at 1507 M. Watson Road in Arlington. It lies within a three-mile radius of the DFW Airport, Arlington Ball Park, Six Flags and the Dallas Cowboys stadium. The DoubleTree by Hilton DFW Arlington South will re-open in early Fall 2016 after completing a multi- million-dollar renovation that changed the hotel's brand to the ...
Hotel Development Partners & Hotel Equities Open the 132-room Hampton Inn & Suites Atlanta Perimeter Dunwoody
Hotel Equities | May 26, 2016
Atlanta, GA–May 26, 2016 – Atlanta-based Hotel Development Partners (HDP) announced the opening of the Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody. The 132-room hotel is located at 4565 Ashford Dunwoody Road in north Atlanta's prime office-retail market. Atlanta-based Hotel Equities serves as a joint venture partner with Hotel Development Partners as an owner of the hotel. Hotel Equities is also the management company for the uniquely urban version of the Hampton Inn & Suites hotel. Jason Caughron leads the team as the General Manager with Trudy Sankey as the Director of Sales. "The hotel will enhance l...
Texas Has Largest Construction Pipeline with 673 Projects
Lodging Econometrics | May 19, 2016
May 19, 2016 – PORTSMOUTH, NH – According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), Texas has the largest pipeline of any state with 673 Projects/72,747 Rooms. Houston, Dallas and Austin account for 55% of all hotel development in Texas with 369 projects/44,459 rooms. Following Texas is California with 413 Projects/62,067 Rooms then New York with 325 Projects/47,909 Rooms. The franchise companies with most pipeline projects in Texas are: InterContinental Hotels Group (IHG) with 141 Projects/14,542 Rooms, Hilton Worldwide with 133 Projects/15,255 Rooms, and Marriott Internati...
Dallas, Nashville and Atlanta Have Fastest Growing Construction Pipelines
Lodging Econometrics | May 18, 2016
May 18, 2016 – PORTSMOUTH, NH – Lodging Econometrics reports that Dallas, Nashville & Atlanta have the fastest growing hotel construction pipelines in the U.S. Dallas increased its pipeline by 41 projects Year-Over-Year (YOY), and now has 128 Projects/16,124 Rooms. Nashville has 89 Projects/11,566 Rooms, an increase of 39 projects. Atlanta with 79 Projects/9,912 Rooms is up by 29 projects. Marriott International is the leading franchise company in all three markets, with 29 projects in Dallas, 20 in Nashville, and 24 in Atlanta. All but one of these Marriott projects are either currently Under Construction or scheduled t...
Hotel Equities Celebrates Ribbon Cutting and Grand Opening of Residence Inn in Lake Charles, Louisiana
Hotel Equities | May 17, 2016
Atlanta, GA and Lake Charles, LA–May 17, 2016– Atlanta-based Hotel Equities recently held a Ribbon Cutting and Grand Opening celebration for the Residence Inn by Marriott Lake Charles. Hotel Equities is the management company for the hotel that is owned by the Lake Charles-based BDK Associates. Brandon Heidkamp serves as the General Manager with Melissa Nash as the Director of Sales. The 96-room hotel stands at 1601 West Prient Lake Road in Lake Charles, LA directly beside the SpringHill Suites by Marriott, also managed by Hotel Equities and owned by BDK Associates. "We are excited to add the Residence Inn, another premium M...
Marriott Brands Leads Upscale Hotel Sales with 15 First Quarter Transactions
Lodging Econometrics | May 13, 2016
May 13, 2016 – PORTSMOUTH, NH - Lodging Econometrics reports that in the first quarter of 2016 there were 15 Marriott-branded Upscale hotel sales in the United States that had selling prices reported into the public domain. The Average Selling Price Per Room (ASPR) for these Marriott-branded hotels was $178,131, while the ASPR for the remaining 17 transactions in the Upscale sector was $123,465. The 15 Marriott-branded Upscale transactions consisted of: five Courtyards with an ASPR of $204,054; five SpringHill Suites with an ASPR of $192,891; and five Residence Inns with an ASPR of $133,029. The highest ASPR for a single transacti...
Marriott’s Bid for Starwood Challenged in Lawsuit by Hotel Owners
May 11, 2016
Owners of hotels in Chicago and New York filed suit Tuesday Plaintiffs say deal would violate exclusivity agreements by Chris Dolmetsch Marriott International Inc.'s acquisition of Starwood Hotels & Resorts Inc. was challenged by the owners of hotels in Chicago and New York who say the merger would violate exclusivity agreements. Cityfront Hotel Associates Limited Partners, the owner of the Sheraton Grand Chicago, and Dream Team Hotel Associates LLC, which owns the Westin Times Square in New York, sued Marriott and Starwood in New York state court Tuesday, arguing the merger would unfairly eat into their business. Sheraton and W...
Hotel Transactions Off to a Slow Start in First Quarter According to US Transactions Trend Report
Lodging Econometrics | May 9, 2016
May 9, 2016 – PORTSMOUTH, NH - According to the most recent United States Transactions Trend Report from Lodging Econometrics, transaction activity is off to a slow start in 2016. In the first quarter there were 252 hotel transactions, the lowest transaction volume recorded since the third quarter of 2012. There was no merger & acquisition activity reported in the first quarter. Only 42 of the hotels sold were part of portfolio transactions, the lowest total in four years. The remaining 210 hotels were single-asset transactions. ...
InterContinental Hotels Group Reports First Quarter 2016 Trading Update
IHG | May 6, 2016
Highlights Global Q1 comparable RevPAR up 1.5%1 Enhanced global scale: 5k rooms opened, increasing net system 2.7% YoY to 742k rooms Building future growth: 15k rooms signed; pipeline of 220k rooms, with ~45% under construction Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We have made a good start to the year, driving RevPAR up 1.5% against the background of weak oil markets and the earlier timing of Easter, which affected several of our markets. We continued our focus on building and leveraging scale where it matters, signing rooms into our pipeline at the fastest rate since 2008. We also strength...
