Recent Hotel Development News from Hotel News Resource
RLJ Shareholders and FelCor Stockholders Approve Merger
At the special meeting of RLJ shareholders, approximately 78% of the votes cast were voted in favor of the proposal related to the issuance of RLJ Common Shares in connection with the Merger. At the special meeting of FelCor stockholders, approximately 81% of the outstanding shares of FelCor common stock were voted, with approximately 99% of the votes cast in favor of the Merger.
Hapuna Beach Prince Hotel to Convert to The Westin Hapuna Beach Resort
Mauna Kea Resort LLC today announced it has signed a franchise agreement with Westin Hotels & Resorts to debut the brand on the Big Island of Hawaii, with the $46 million renovation and conversion of Hapuna Beach Prince Hotel to become The Westin Hapuna Beach Resort in February of 2018.
FibraHotel Acquires the Fiesta Americana Condesa Cancun All-inclusive Resort Hotel
FibraHotel (BMV: FIHO12 announced an agreement to acquire the Fiesta Americana Condesa Cancun resort hotel for a purchase price of Ps. 2,892 million in a sale and leaseback transaction with Grupo Posadas.
EB-5 Finance Lawyer: The Developers EB-5 Handbook for Construction Financing - By Jim Butler
JMBMs Global Hospitality Group® and EB-5 Finance Group announce the publication of The Developers EB-5 Handbook for EB-5 Construction Financing, a 'must-read' resource for developers who are considering using EB-5 financing to complete or enhance their capital stack for construction projects .
Doubletree by Hilton Jeddah Al Salamah District Hotel Announced for 2020
Hilton (NYSE: HLT) announced the signing of a management agreement with Fahd Abdallah al-Harbi & Sons Limited to open DoubleTree by Hilton Jeddah Al Salamah District in Saudi Arabia. The hotel is expected to begin welcoming guests in Q1 2020.
Masters Realty Sells 30-Acres of Land to Developers for Construction of Two Luxury Hotels Near the Orange County Convention Center
Hooman Hamzehloui, founder of Masters Realty, announced his two latest deals have closed, leading the way for the development and construction of two new hotels located in the heart of Central Florida's hospitality and tourism district.
Adjacent to the Greater TacomaConvention Center, the 22-story building will be a new landmark of luxury as the second tallest building in Tacoma, offering a four-star standard for regional, national and international conventions.
Huff, Niehaus & Associates, Inc. Closes Three Hotel Transactions
The three properties, valued at nearly $5.0 million, include two interior corridor Super 8 hotels in Campbellsville, Kentucky, and Munfordville, Kentucky, plus a 98-room, major interstate location, Motel 6 in Jeffersonville, Indiana. Renovations are expected on all three properties. Huff, Niehaus was both the listing and selling agent in all three transactions.
Wanda Realm Resort Langkawi Announced As Part of Tropicana Cenang Development
Earmarked to be an iconic addition to the Langkawi skyline upon completion by the end of 2023, this development which is located on 5.28 acres of prime freehold land fronting the Andaman Sea is expected to be a key tourist destination as well as family hub for leisure and entertainment, catering to both local and overseas tourists
Rebranded Hotel Nikko Oita Oasis Tower to Open in December
FTC Hotel Kaihatsu Co., Ltd. and Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd., jointly announced today that they will open the rebranded Hotel Nikko Oita Oasis Tower in southern Japan this December. The rebranded hotel will be operated under Nikko Hotels International.
Louis T Collection to Manage New Esplanade Hotel in Perth, Australia
Louis T Collection and H&M Capital Pty Ltd have announced the signing of a management agreement pursuant to which Louis T Collection will oversee the operation of the New Esplanade Hotel. The hotel is located in Elizabeth Quay, Perth's vibrant, newly developed mixed-use zone along the Swan River.