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2008-09-08 Hotel Development News

Development

Marriott International Announces Five New Hotels for its Caribbean/Latin America Region
New hotels in Ecuador, Honduras, Peru, Suriname and Trinidad & Tobago planned. Include upscale Marriott, moderate-priced Courtyard by Marriott and Residence Inn for extended-stay travelers brands. ...more

IHG announces sale of Holiday Inn Jamaica
InterContinental Hotels Group PLC announces the sale of the 524 room Jamaica Holiday Inn Sunspree Hotel to Octagon Hotels Group Limited for US$30 million, US$2 million in excess of net book value. ...more

Gaylord Entertainment Plans Resort and Convention Hotel in Mesa, AZ
Enters Into Land Purchase Agreement with Real Estate Development Firm DMB ...more

W Manchester To Open In 2010
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to open W Manchester in 2010, ideally located in the heart of the city's vibrant warehouse district. ...more

W London-Leicester Square To Open In 2010
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the opening of W London-Leicester Square and The Residences at W London-Leicester Square in late 2010. ...more

Construction Underway At Wyndham Vacation Ownership's Newest Colorado Resort
WorldMark Grand Elk Expected to Welcome Guests in 2009 ...more

IHG to open first Holiday Inn Hotel in Vietnam in 2012
IHG (InterContinental Hotels Group) has signed an agreement with MBLand (Military Bank Land) to manage the Group's first Holiday Inn Hotel in Vietnam's capital city of Hanoi. ...more

Best Western Enters Singapore With Opening Of First Hotel In December 2008
Best Western International has announced the imminent launch of its first hotel in Singapore, the Best Western Jayleen 1918, which will officially open in December 2008. ...more

Gates Buys Over 5% of Strategic Hotels Stock
Microsoft's billionaire founder Bill Gates III, through his Kirkland, WA-based firm Cascade Investment LLC, has purchased almost 3.9 million shares of stock in locally based Strategic Hotels and Resorts Inc., according to an SEC filing. ...more

IHG to add close to 1,000 InterContinental and Holiday Inn hotel rooms and suites in South Korea
IHG (InterContinental Hotels Group) has signed an agreement with Gwangwondo Development Corporation (GDC) to manage two Resorts and Suites under the InterContinental Hotels & Resorts, Holiday Inn Hotels & Resorts and Holiday Inn Suites brands. This adds another close to 1,000 rooms to IHG's pipeline in Korea and doubles the number of IHG hotels in this market. ...more

Raffles Hotels & Resorts Coming To Los Cabos, Mexico
Raffles Cabo San Cristobal scheduled to open in 2011 ...more

Champion Golfer Tiger Woods Unveils New Master Plan for The Tiger Woods Dubai Project
Tiger Woods, the world's number one golfer, today officially unveiled the new master plan for The Tiger Woods Dubai, the exclusive residential golf community development and a member of Tatweer. ...more

Langham Place Resort & Spa Planned for Phuket, Thailand
Luxury hotel operator reinforces presence in Thailand after introduction of Langham Place Eco Resort & Spa, Rawi Warin, Koh Lanta, Krabi in January ...more

Interstate Hotels & Resorts to Manage Newly Built Best Western in Lower Manhattan
Hotel Operator's First Project with Ben Wong, founder of Wok and Roll Restaurants ...more

Holiday Inn Brand Family Growing Strong With New Look
During the first half of 2008, Holiday Inn and Holiday Inn Express signed a combined 203 hotels (24,327 rooms) globally - continuing the momentum from a record year in 2007 when the brands signed a combined 524 deals (63,431 rooms). ...more

Wyndham Hotel Group Announces Ramada Encore Deal for South Korea
Wyndham Hotel Group today announced an exclusive agreement with a South Korean company to develop 20 Ramada(R) Encore hotels in that country during the next six years, nearly tripling the brand's presence there. ...more

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