Hotel Development News
April, 25 2019
 
 
 
1,047 Room Boca Raton Resort & Club Sold
 
1,047 Room Boca Raton Resort & Club Sold
 
MSD Partners, L.P. today announced that it has entered into a definitive agreement to acquire the Boca Raton Resort & Club from an affiliate of Blackstone (NYSE: BX). Read More
 
Belmond Selling For $3.2 Billion
LVMH Mot Hennessy Louis Vuitton Completes $3.2 Billion Luxury Hotel Group Acquisition
LVMH Mot Hennessy Louis Vuitton Completes $3.2 Billion Luxury Hotel Group Acquisition
 
LVMH Moët Hennessy Louis Vuitton SE (LVMH.PA) and Belmond Ltd. (NYSE: BEL), owners, part-owners or managers of 45 luxury hotel, restaurant, train and river cruise properties, today declared that the acquisition of Belmond by LVMH has been completed. Read more
 
Hotel Development Uzbekistan
Park Inn by Radisson Tashkent City Hotel & Apartments to Open in 2021 in the Capital of Uzbekistan
Park Inn by Radisson Tashkent City Hotel & Apartments
 
The new-build Hotel & Serviced Apartment project, due to open in 2021, will consist of 300 rooms – including 50 serviced apartments, a conference hall, five meeting rooms, a gym, an all-day dining restaurant, a lobby lounge/bar and a Sky Bar. Read more
 
Hotel Development Africa
IHG Signs Master Development Agreement with Valor Hospitality Partners Africa
IHG Signs Master Development Agreement with Valor Hospitality Partners Africa
 
The agreement will see IHG expand its presence in Sub-Saharan Africa, including key countries such as South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya. Read more
 
Hotel Portfolio Transaction
Arbor Lodging Partners Announces $135 Million Hotel Portfolio Acquisition
Hyatt Place Dallas/Arlington
 
Arbor Lodging Partners Expands in Five Markets, Increasing Its Portfolio to 25 Hotels Nationwide Read more
 
Marriott Sees A Modular Future
World's Tallest Modular Hotel Is Expected to Open in Late 2020 As the AC Hotel New York Nomad
World's Tallest Modular Hotel Is Expected to Open in Late 2020
 
Once erected over a 90-day period, the 360-foot-tall tower will represent a milestone for Marriott's ongoing initiative to encourage hotel developers in North America to embrace modular for new construction projects. Read more
 
Hotel Development Bahrain
Staybridge Suites Manama Al Seef to Open 2020 in Bahrain
 
Expected to open in January 2020, the 128-room extended stay hotel will operate under a management agreement with major developer, Bin Faqeeh Real Estate Investment Company S.P.C. Read more
 
Hotel Transaction Dallas
AJ Capital Partners Acquires the Lumen Hotel in Dallas, Texas
AJ Capital Partners Acquires the Lumen Hotel in Dallas, Texas
 
The hotel will continue to operate independently as the Lumen Hotel while undergoing renovations. Once complete in spring 2020, the property will debut as Graduate Dallas, part of the Graduate Hotels collection. Read more
 
First Finish Expansion
General Contractor First Finish Undergoes Major Renovations
General Contractor First Finish Undergoes Major Renovations
 
The 20-year-old company moves the location of its main office and rebrands. Read more
 

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In Brief...
 

Canadian Hotel Transaction Trends
Colliers International 2019 Canadian Hotel Investment Report (PDF Download)

Marriott Development Update Mexico
Marriott International To Expand In Mexico By More Than 50% By The End Of 2023

Hotel Development Dubai
Emaar Hospitality Group to Open 5 New Hotels in Dubai This Year

Hotel Development India
IHCL Expands Its Presence In Gujarat, Announces A New Taj Hotel In Ahmedabad

 
 
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