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2008-08-25 Hotel Development News

Development

The Top10 Hotel Projects in Germany
Over 400 new hotels will be opened until 2012 - Two hotel projects with more than 1,000 rooms ...more

The ANA Harbour Grand Hotel - Not just a tax case
The recent Australian Federal Court decision in Lilyvale Hotel Pty Ltd v Commissioner of Taxation [2008] FCA 103 not only raises some interesting issues for those in the hotel industry on tax losses, but also on 'agency' relationships. ...more

The Top Ten Decisions You Need to Make on Hotel Business Sale Agreements
Our experience in the buying or selling of hotels, whether it be in Australia or anywhere else in the world that we have done business, is that the same issues recur when making decisions about the sale process and then when drafting and negotiating transaction documents. ...more

South Pacific Development Group Secures Land Deal for $450 Million Resort in Samoa
Hawaii-based South Pacific Development Group (SPDG) has obtained a 120-year lease for 600 acres of prime oceanfront land on Savaii Island in Samoa to develop the Sasina Village Resort. ...more

ARAMARK Selected to Manage Georgetown University Hotel & Conference Center
ARAMARK announced today that ARAMARK Higher Education was awarded the contract to manage the Georgetown University Hotel & Conference Center located on the campus of Georgetown University, Washington, D.C. Under the terms of the agreement which goes into effect on Sept. 20, 2008, ARAMARK will be responsible for all management and operational functions of the property. ...more

Government of Dominica Supports Eco-Lodge Project Proposed by Distinguished International Hotels, Residences and Resorts
Distinguished International(R) Hotels, Residences and Resorts is pleased to announce that it has reached an agreement with the Carib Council to develop the first ever Eco-Lodge Resort and Conference Centre in the Carib Territory of Dominica. ...more

Prime Income Asset Management and Port Olpenitz GmbH to Develop Northern Europe's Largest Holiday Resort
Prime Income Asset Management (Prime), a Dallas-based advisory and management company to real estate and energy sector companies, today announced that work will begin this fall on Port Olpenitz, a 425-acre holiday resort located in the northeastern section of Schleswig- Holstein, Germany. ...more

Wyndham Hotel Group Signs Agreement to Open Nine Hotels in Japan
Wyndham Hotel Group today said it has signed a non-exclusive agreement with Green Hospitality Management Co. LTD of Tokyo to open nine hotels in Japan during the next five years under the Ramada(R) and Days Inn(R) lodging brands. ...more

Rezidor Announces 3 New Hotels in Russia
The Rezidor Hotel Group (STO:REZT) once again increases its portfolio in Russia and announces 3 new hotels with a total of 969 rooms: The Park Inn Volgograd (173 rooms) is scheduled to open in Q2 2010, followed by the Park Inn Kaliningrad (276 rooms) in Q1 2011 and the Radisson Grand Hotel Rostov-on-Don (520 rooms) in Q3 2011. ...more

Embassy Suites Announces Largest Development Pipeline in Upscale Hotel Brand's 24-Year History
Currently 62 franchised hotels are scheduled to open in the next three years, many of which will be the highly anticipated Design Option III prototype. ...more

Casino King Takes Gamble To Fend Off Macau Rivals
With his grip on Asia's gambling capital slipping, Stanley Ho has gone on the offensive. ...more

Element Hotel Slated For Herndon, Virginia
Element Herndon opens in the spring of 2010 in the Dulles Technology Corridor ...more

Davidson Hotel Company Announces Two New Management Agreements
Company Will Operate Sheraton Orlando-Downtown Hotel and Miami Mart Airport Hotel ...more

Vermont's Iconic Resort Becomes The Equinox, a Luxury Collection Golf Resort & Spa
Nestled in the Green Mountains of Southern Vermont, the Newly Renovated Equinox, a Luxury Collection Golf Resort & Spa, Manchester Village, Features a 13,000 Square Foot Luxury Spa, Championship Golf Course, Interiors by Geoffrey Bradfield and World-Class Dining at Chop House and Falcon Bar ...more

Element Hotel Slated For Palmdale, California
Element Palmdale Opens in June of 2010 in Scenic Antelope Valley ...more

Nationally Acclaimed Restaurant Group to Launch Concepts in Chicago's theWit Hotel
Concentrics Restaurants to Oversee Concept Design and Management for Dining Options in New Hotel ...more

The Ritz-Carlton Club Portfolio Expands Into The Bahamas
The Ritz-Carlton Club has its sights on The Bahamas, and today the industry's leading private residence club announces its expansion at The Abaco Club on Winding Bay, A Ritz-Carlton Managed Club. ...more

La Quinta Inns & Suites Achieves Record Growth in First Half of 2008
Highlights include more than 70 new franchise agreements, a burgeoning pipeline and the highest percentage of new construction properties opened in the first half of any year ...more

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