new development
Canadian Hotel Development Reaches Historic Heights
LODGING ECONOMETRICS | October 30, 2024
The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada’s hotel development pipeline, with key indicators suggesting an expansion phase is underway. The total pipeline has reached a historic peak of 327 projects (40,799 rooms), with year-over-year growth rates of 19% in projects and 8% in rooms indicating strong developer confidence. Current under construction activity shows remarkable acceleration, with 81 active projects (10,596 rooms) representing a 45% surge in projects and a 29% increase in rooms year-over-year. The early planning phase has experienced the most dramatic growth, with 177 project...
Under Canvas To Launch First Pacific Northwest Camp in the Columbia River Gorge Region of Washington, Near Oregon’s Mount Hood
Under Canvas | October 24, 2024
DENVER, CO. (Oct 24, 2024) – Today, Under Canvas, the leader in upscale, outdoor hospitality, announced Under Canvas Columbia River Gorge – the company’s first-ever Pacific Northwest location – will open in the summer of 2025. The brand’s 13th camp, Under Canvas Columbia River Gorge, is set on a stunningly beautiful 120-acre property perched along the majestic Columbia River Gorge in Washington’s White Salmon River Valley, a region known for its towering peaks, famed waterfalls and beautiful wineries. Surrounded by pine and oak forested hillsides in the heart of the region’s wine country, this spectacular camp features breathta...
LRE & Companies and American Hospitality Services Reveal Hotel Brands for Roseville Junction Project
February 1, 2023
SAN RAFAEL, Calif., Feb. 1, 2023 -- LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, and American Hospitality Services, Inc., a development and hotel management company acting as sponsor, operating partner, and asset manager of strategic commercial real estate assets, have revealed the featured hotel brands and the name of the sports and entertainment complex for Roseville Junction. The new mixed-use development project in Placer County, CA will be home to two select-service hotels: Caption by Hyatt Roseville and Hyatt House Roseville. Captio...
The St. Joe Company and InterMountain Management Commence Construction of Residence Inn in Panama City Beach, Florida
The St. Joe Company | September 9, 2022
PANAMA CITY BEACH, Fla.--The St. Joe Company (NYSE: JOE) (“St. Joe”) and InterMountain Management, LLC (“InterMountain”) announced the commencement of construction on a new hotel in Panama City Beach, Florida. The parties have formed a joint venture to design, develop, construct and own a limited-service hotel to be located in the popular Pier Park shopping and entertainment district. The current plan calls for a 121-suite Residence Inn by Marriott to be managed by InterMountain. Residence Inn by Marriott suites have full kitchens, equipped with a full-sized refrigerator, stovetop, microwave, dishwasher and coffee maker. Plans call...
Wyndham Hotels & Resorts Breaks Ground on Flagship Project ECHO Property in Plano, Texas
Wyndham Hotels & Resorts | September 7, 2022
PARSIPPANY, N.J., Sept. 7, 2022-- Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 hotels across 95+ countries, celebrates today the first groundbreaking of its new extended-stay brand, in Plano, Texas. The all new-construction brand, operating under the working title "Project ECHO" is seeing great momentum with 72 hotels in the development pipeline as of the end of the second quarter. Demand for extended-stay accommodations continues to surge as interest grows among both guests and developers "This is a milestone moment for Wyndham, as we break ground on our first hotel under ...
IHG Hotels & Resorts Partners With Seraphim Development for InterContinental Hotel in Pyeongtaek
IHG Hotels & Resorts | August 18, 2022
Seoul, South Korea – 18 August 2021: Pyeongtaek is ready to welcome the world’s first and largest international hotel brand – InterContinental Hotels & Resorts – as it continues to grow its reputation and stature. Scheduled to open in 2025, the prestigious 244-room InterContinental Pyeongtaek will be the first global hotel brand in the Gyeonggi Province city and form a key part of its exciting future expansion plans and long-term ambitions. The original plan for the project was to introduce another leading IHG Hotels & Resorts brand, voco Hotels, in the form of voco Pyeongtaek. However, recognising the increasing dema...
Wyndham Hotels & Resorts Signs With Grupo Cancun for First Wyndham Grand in Mexico
Wyndham Grand | August 9, 2022
PARSIPPANY, N.J., Aug. 9, 2022-- Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 hotels across over 95 countries, announces today the upcoming opening of Wyndham Grand Cancun All-Inclusive Resort & Villas through a franchise agreement with Grupo Cancun. The resort, which will be the first Wyndham Grand in Mexico, is now accepting reservations and will open on November 1st, 2022. Wyndham Grand resorts offer experiences in some of the most sought-after destinations, which now includes Cancun The hotel will join the exclusive collection of approximately 65 Wyndham Grand hotels...
Nobu Hospitality Expands Its Footprint in Asia Pacific With Nobu Danang
Nobu Hospitality | August 9, 2022
Today, in partnership with Viet Capital Real Estate (VCRE) and Phoenix Holdings, leading luxury lifestyle and iconic hotel and dining brand, Nobu Hospitality, announces the first Nobu Hotel, Restaurant, and Residences in Vietnam whilst both groups explore further development within Vietnam. Crafted as a luxury beachfront urban resort, the Nobu Danang destination will provide a vibrant lifestyle situated in the heart and beachfront of Danang. Guests will find elegantly designed interwoven spaces, realigning the traditional beach hotel with a destination urban resort embracing the needs and desires of guests whether there for vacation, enter...
