Hotel Development News
January, 4 2019
 
 
 
Raffles Hotel, Singapore
 
JLL Real Views - Renovating to Stay Relevant: Big Hotel Refurbishments In 2019
 
Some of the world’s most iconic hotels will reopen in 2019 after undergoing extensive renovation works to bring in a fresh look and smarter technologies as part of an effort to keep up with the ever-changing tastes of discerning global travelers. Read More
 
Hotel Development Cambodia
Hotel Nikko Phnom Penh to Open in 2022
Hotel Nikko Phnom Penh to Open 2022 in Cambodia
 
Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd., announced today that in 2022 it will open Hotel Nikko Phnom Penh in the Cambodian capital. Read more
 
Hotel Transaction Baltimore
Homewood Suites by Hilton Baltimore-BWI Airport Sold
Homewood Suites by Hilton Baltimore-BWI Airport Sold
 
MCR, the sixth-largest hotel owner-operator in the United States, has acquired the 147-suite Homewood Suites by Hilton Baltimore-BWI Airport. Read more
 
Hotel Development Washington D.C.
Embassy Row Hotel in Washington Joins Latitudes Collection
Embassy Row Hotel in Washington Joins Latitudes Collection
 
Named one of the Top 10 Best New Hotels in America on USA Today's 10Best list, The Embassy Row Hotel is located at the popular Dupont Circle, just 75 steps from the Dupont Circle Metro Station. Read more
 
Hotel Transactions Kenucky And Indiana
Huff, Niehaus Closes Two Hotel Transactions on December 18
 
The December 18 closings include a fantastic Louisville International Airport Hotel near multiple demand generators and an owner/operator Hotel located in Indiana. Both hotels were exclusively listed by Huff, Niehaus & Associates, Inc. Read more
 
Hotel Development Mexico
Best Western Hotels & Resorts Assumes Day-to-Day Management of the Brand in Mexico
Hotel Best Western Majestic, Mexico City
 
Best Western branded properties in Mexico will now operate in a PDR with Best Western Hotels & Resorts' South American division, bringing direct support to the 100 Best Western branded properties across Mexico, South America and Central America. Read more
 
Hotel Transaction Florida
MCR Sells the Hampton Inn & Suites St. Augustine-Vilano Beach
The Hampton Inn & Suites St. Augustine-Vilano Beach
 
Generates a 35% IRR and a 3.7X equity multiple on its 2012 investment. Read more
 
Hotel Development China
IHG Expands Franchising in China with New Signings for Crowne Plaza and Holiday Inn
IHG Expands Franchising in China with New Signings for Crowne Plaza and Holiday Inn
 
At the South China roadshow, held at InterContinental Shenzhen, IHG signed 14 new franchise properties including Crowne Plaza Chengdu Longquan Yi, Holiday Inn & Suite Chengdu Longquan Yi, Holiday Inn Daocheng Yading, Holiday Inn Qinhuangdao Haigang, Holiday Inn Suihua and nine additional Holiday Inn Express properties in cities and tourism destinations including Chengdu, Shenzhen, Foshan, Yangjiang, Jiangmen, Jinjiang, Fuxian Lake, Lishui and Nanjing. Read more
 
Hotel Transaction Florida
Gencom-led Partnership Acquires Two St. Pete Beach Resorts for $100 Million
The Beachcomber Beach Resort and Hotel
 
The Beachcomber Beach Resort and Hotel and The Grand Plaza Beach Hotel & Beach Resort were acquired at a reported purchase price of $100 million. The partnership will commit an additional $24 million for major renovations to upgrade and rebrand the two properties. Read more
 

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In Brief...
 

Boutique Hotel Trends
Boutique Hotels: Premium Performance Impacts Flow-Through - By Robert Mandelbaum

Canadian Hotel Valuations
2018 Canadian Hotel Valuation Index (PDF Download)

Hotel Development Maine
Westin Portland Harborview Hotel to Be Managed by Interstate

Hotel Transaction Australia
Hilton Surfers Paradise in Queensland, Australia Sold

Hotel Transaction Michigan
West Bay Beach Holiday Inn Resort in Traverse City, Michigan Sold for $23.2 Million

 
 
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