Recent Hotel Development News from Hotel News Resource

Four Seasons Resort and Residences Caye Chapel in Belize Announced for 2021

Four Seasons Hotels and Resorts announced plans for the development of Caye Chapel, a private island in Belize featuring magnificent oceanfront estates, private residences and overwater bungalows.

EVEN Hotels Property Breaks Ground in Alpharetta, Georgia

Set to open in the third quarter of 2019, the new-build construction hotel continues the expansion of the brand's footprint in the Southeast and marks the first location in metro Atlanta.

Gaylord Texan Resort to Open $120M Expansion

The Gaylord Texan Resort is preparing to open the doors of its latest addition, the all-new Vineyard Tower, in the beginning of May 2018. The $120M project was completed by property owners Ryman Hospitality Properties, Inc. (NYSE:RHP).

Park Inn by Radisson Vilnius Airport Hotel & Business Center to Open 2020 in Lithuania

The Park Inn by Radisson Vilnius Airport Hotel, located within the VNO Business and Retail Park, is just 300 meters from the Vilnius International Airport and 6km from the city center. According to the data collected by the Lithuanian Department of Statistics, 2017 recorded close to 2 million room nights, an increase of 3.7% over 2016.

AVANI Hotels & Resorts to Open Third Bangkok Property

AVANI Hotels & Resorts announced that the third AVANI location in Bangkok will be along the capital's main commercial, business, and leisure artery of Sukhumvit, in its up and coming On Nut and Phra Khanong neighbourhoods. AVANI Sukhumvit Bangkok Hotel is schedule to open end of 2018.

TIN Lhasa Hotel to Open 2020 in Tibet

TIN Hotels International Group Ltd, the joint venture partnership between General Hotel Management Ltd (GHM) and van de Bunt Partners, has inked a management agreement with China's Tibet Da'ji Hotel Co. Ltd. to plant the TIN Hotels flag in the Tibet Autonomous Region.

Crowne Plaza Doha West Bay Hotel Announced

IHG (InterContinental Hotels Group) has announced the signing of Crowne Plaza Doha West Bay in partnership with Tanmiyat Real Estate. Currently operating as the M Doha Hotel, the hotel is expected to be rebranded by August 2018, aligning with IHG's strategy to grow the Crowne Plaza brand across the region.

Hyatt Hotel Announced for Chongqing in Western China

Acquired by Hui Xian REIT in 2017, the hotel is currently being redesigned and integrated into the adjacent Chongqing Metropolitan Oriental Plaza, which is also under Hui Xian REIT's ownership.

AC Hotel Seattle Bellevue/Downtown Sold for $87,000,000

Hodges Ward Elliot is announcing they represented WPPI Bellevue AC, LLC in the recent $87,000,000 sale of the AC Hotel Seattle Bellevue/Downtown to lshin Aju Hotel Bellevue LLC.

Choice Hotels Targets Developers That Will Build Multiple Properties

Choice Hotels International, Inc. (NYSE: CHH), franchisor of Cambria Hotels, recently began a new effort centered on multi-unit development to help grow the brand even more rapidly. The expanded approach will use part of the $475 million in capital support the company has earmarked for the Cambria brand to target developers that will build multiple properties.

Moxy Hotels Announces Two Hotels For New York City

Moxy Hotels expects to welcome two New York City hotels, Moxy Downtown and Moxy Chelsea, to its roster this year, bringing the brand to a total of three properties in the city by the end of 2018.

Crystal Investment Property Arranges Sale of Econo Lodge Newport, Oregon

Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.

HMC Managing Springhill Suites by Marriott® Westchase in Houston, Texas

Newest All-Suite Hotel in Westchase District of Houston

Santo Maris Oia Luxury Suites & Spa, the First Certified 'Boutique Hotel' in Greece by the Hellenic Chamber of Hotels

The designation as a 'Boutique Hotel' was preceded by the recognition of the particular architectural and decorative design concept of Santo Maris Oia Luxury Suites & Spa. The determination was made by a Special Group of Advisors of the Hellenic Chamber of Hotels by validating the upgraded services offered by the resort.

Lotte New York Palace Hotel Joins Luxe Collection by L.E. Hotels

Known as a historic landmark in Manhattan, Lotte New York Palace offers a setting for travelers looking to escape the bustling city for a relaxing and elegant retreat on Madison Avenue in Midtown. This New York City hotel features luxurious furnishings with views of the city's skyline, including St. Patrick's Cathedral and Rockefeller Center which are only a few steps away.

Maison Heler Metz, Curio Collection by Hilton Hotel Announced

The 14-story hotel, which will operate under Curio Collection by Hilton in an agreement unveiled at MIPIM, includes a €22.5 million investment led by Yvon Gérard and a consortium of investors.

Huff, Niehaus Closes Two Hotel Transactions in Early March

The hotels include a dual-branded hotel in one market and the other a small owner/operator property. Assets included in these transactions were located in Kentucky and Ohio. Both hotels were exclusively listed by Brandt Niehaus.

Intercontinental Dallas Hotel Sold and to Rebrand As Renaissance Dallas Addison

The InterContinental Dallas Hotel has been purchased by Columbia Sussex, a privately held company based in Crestview Hills, KY. Columbia Sussex is one of the nation's largest franchisers of Marriott hotels, and is rebranding the InterContinental to Renaissance Dallas Addison. Renovations are already underway.

U.S. Investment in Price Per Hotel Room Drops 12 Percent

Hotel transactions in the U.S. top 25 markets accounted for just 37% of sales in 2017, down from 52% of all sales in 2016.

IHG Acquires 51% Stake in Regent Hotels & Resorts for $39 Million in Cash

InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announced that it has agreed to acquire a 51% stake in Regent Hotels and Resorts for $39 million in cash. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026.

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