Recent Hotel Development News from Hotel News Resource

Peachtree Hotel Group (PHG) Acquires 96-Suite TownePlace Suites Gainesville Northwest

Officials of Peachtree Hotel Group (PHG) today acquired the 96-suite TownePlace Suites Gainesville Northwest in Fla., from Gainesville Investment Lodging, LLP, a subsidiary of 3H Group, Inc., for an undisclosed sum. The transaction was brokered by Hospitality Real Estate Counselors (HREC).

Niu Cobbles Hotel to Open in Essen, Germany

The EUROPA- CENTER Immobiliengruppe has developed office and commercial space on this pocket of land in several construction sections spread over a total of 50,000 m². The NOVUM Hotel Group has leased the new hotel building from EUROPA-CENTER and the interior architects JOI-Design are currently putting the final touches to the design features on behalf of the Group.

Signature Living to Open George Best Hotel in Belfast

Signature Living, the hotel and hospitality operator behind The Shankly Hotel and 30 James Street, announced it will be opening a George Best Hotel as the company's first project in Belfast, Northern Ireland.

Proper Hospitality Announces Kelly Wearstler-Designed Hotel to Open in San Francisco This August

San Francisco Proper Hotel Features Restaurant Concepts by Acclaimed Chef Jason Franey and Bar Programs by BVHospitality

Grand Hotel Des Sablettes Plage in France Joins Curio Collection

Situated in a historic 19th-century building, Grand Hotel Des Sablettes Plage is perched above the breathtaking beach of Les Sablettes in the coastal city of La Seyne sur Mer.

Mantra Group Consolidates Portfolio Into New Masterbrand - Mantra Hotels

Mantra Group, has united the Group's 128 properties across Australia, New Zealand, Bali and Hawaii, consolidating its multi-branded portfolio into a new single consumer brand, known simply as Mantra Hotels.

Dusit Thani Hot Springs Resort Wanfo Lake to Open 2019 in China

Dusit Thani Hot Springs Resort Wanfo Lake to feature a comprehensive range of wellness facilities including natural hot springs

The Original Developer Of The Baha Mar Resort Calls For Moratorium On Sale Of Baha Mar To Chow Tai Fook

Believes Investigation Is Needed Into Both The Conduct Of Parties Involved In Fashioning The Sale Agreements And How The Unusual Concessions In The Agreements Benefit The Bahamas - Makes Clear That It Is Fully Prepared To Purchase, Complete, Open, And Operate The Resort

Pebblebrook Hotel Sells Parking Garage at Revere Hotel Boston Common for $95.0 Million

Pebblebrook Hotel Trust (NYSE: PEB) today announced that it has closed on the sale of the 826-space parking garage, which included 10,500 square feet of vacant ground floor space, at Revere Hotel Boston Common for $95.0 million.

Hotel Círculo Gran Vía in Madrid Joins Autograph Collection

The magnificent neo-classical building is the former home of the Merchants and Industrialist's Circle and has been transformed into a boutique, adults-only hotel and casino following a multi-million euro renovation.

The Siegel Group Purchases Regency Hotel in Dallas Out of Bankruptcy for $5 Million

This acquisition increases the number of Siegel Suites and Siegel Suites Select properties throughout the southwestern United States to 40 and marks the introduction of The Siegel Group’s flexible-stay and extended-stay brands to the Texas market.

ANA InterContinental Beppu Resort & Spa Announced for 2019

The city of Beppu, on the southern Japanese island of Kyushu, has long been a favourite with locals as an onsen retreat. Today, the city will enjoy a boost as an international spa resort destination with the announcement of the execution of a hotel management agreement for the ANA InterContinental Beppu Resort & Spa between IHG ANA Hotels Group Japan LLC and GHS K.K.

Xenia Hotels & Resorts Completes $163 Million 5-Hotel Portfolio Sale to Summit Hotel Properties

Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced the completion of the 5-hotel, 812-guestroom portfolio sale to an affiliate of Summit Hotel Properties (NYSE: INN) for a total purchase price of $163 million, or approximately $201,000 per key.

Dumont NYC Hotel Sold for $118.0 Million

The sale price of $118.0 million reflects a 25.2x EBITDA multiple and a 3.3% net operating income capitalization rate.

La Quinta Inn & Suites Chicago Downtown Completes Major Renovation Program

La Quinta Holdings Inc. (NYSE: LQ) announced the completion of an extensive renovation to the La Quinta Inn & Suites – Chicago Downtown located at One South Franklin in the heart of Chicago's financial and theatre district, nearby many of the city's top attractions. The 239-room hotel now has a completely new interior.

178 Room Hilton Garden Inn Hotel Announced for Birmingham Airport

Hilton (NYSE: HLT) has signed a franchise agreement with Castlebridge Hotels Birmingham Airport Limited, a wholly owned subsidiary of Wylam Investments, to open a Hilton Garden Inn hotel at Birmingham Airport.

Six Senses Ibiza Resort Announced for 2020

Six Senses Hotels Resorts Spas announced the latest addition to their portfolio, Six Senses Ibiza. Set to open in 2020, the resort is tucked away on the peaceful northern tip of Ibiza in the crystalline Cala Xarraca Bay.

Palladium Hotels & Resorts Rebranding the Royal Suites Portfolio of Hotels

Adults-only premium properties being renovated, renamed TRS Hotels

Kohea Kai Resort Maui In Hawaii Joins Ascend Hotel Collection

Located steps away from five miles of sandy beach, the relaxing Kohea Kai Resort Maui is a 26-room boutique hotel featuring soothing ocean views, outdoor pool and hot tub, open-air rooftop lanai, and serene spacious suites.

The Pacific Edge Hotel in Laguna Beach Sold for $57.5 Million

JLL's Hotels & Hospitality Group announced that the firm arranged the sale of the Pacific Edge Hotel on behalf of a joint venture owned by certain affiliated entities of Westport Capital Partners, LLC. Highgate, in a joint venture with Morgan Stanley Real Estate Investing, purchased the 109-key property for $57.5 million.

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