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.

IHG Signs Two New Hotels in Dubai

InterContinental Hotels Group (IHG) has announced the signing two new properties in Dubai: Crowne Plaza Dubai Business Bay and InterContinental Residence Suites Dubai Business Bay.

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.

New Residence Inn in Hyde Park, N.Y. Announced

Bellefield Development Partners/The Shaner Hotel Group Joint Venture Awarded Marriott Franchise for the First Hotel at Bellefield, Hyde Park, N.Y.

EB-5 Finance Lawyer: The Developer’s EB-5 Handbook for Construction Financing - By Jim Butler

JMBM’s Global Hospitality Group® and EB-5 Finance Group™ announce the publication of The Developer’s 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 .

Hyatt Place Washington DC / US Capitol Hotel Sold to Excel Group

Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of the Hyatt Place Washington DC / US Capitol, a 14-story, 200-room hotel, which opened in June 2014.

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.

135 Room Ayres Hotel Breaks Ground in South San Diego County

Millenia Announces Groundbreaking of 131,800 Sq. Ft. Millenia Commons Lifestyle Center by Sudberry Properties

JLL Real Views - Why Affordable Luxury Hotel Brands Are Heading to Asia - Serene Lim

Yotel and CitizenM might be better known in Europe and the United States but it won’t be long before they become familiar brands in Asia.

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.

Hard Rock Hotel Davos to Open December 2017 in Switzerland

Hard Rock International is expanding its hotel portfolio to the Swiss Alps, announcing plans to open Hard Rock Hotel Davos.

Marriott Seattle Tacoma Hotel Breaks Ground

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.

259 Room Tru by Hilton Hotel Announced for Orlando, Florida

The eight-story, 259-room hotel will be the largest Tru by Hilton property to date and will be located just south of the Orange County Convention Center.

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.

New IntercityHotel Announced for Frankfurt City Centre

IntercityHotel Frankfurt Hauptbahnhof Süd scheduled to open on the South side of the main railway station in 2019

Tru by Hilton Breaks Ground As Part of New Hilton Dual-Brand Property in Charlotte

Hilton (NYSE: HLT) last week broke ground on a new Tru by Hilton in Charlotte, North Carolina, which will be a dual-brand property with Hampton by Hilton.

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.

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