Hilton (NYSE: HLT) has announced a number of new signings in China in the first half of this year, including Conrad Qingcheng Mountain, Hilton Shanghai City Centre, Hilton Shanghai Jing'an, Curio Collection by Hilton hotels in Yantai and Anji, Hilton Garden Inn Hangzhou Grand Canal and Hilton Garden Inn Chengdu Chenghua.
A summary of European hotel transactions provided by HVS
The property, built in 2013, was purchased by Monarch Group Hotels, based in Corpus Christi, Texas, from KJ Texas Properties LLC, based in Branson, Missouri.
The property spans more than 23 acres on Scottsdale Road and features 378 premium guestrooms, including 12 suites with panoramic views of the scenic areas surrounding Camelback & Mummy Mountains.
Since its launch in March 2021, the Fund has made investments in 10 hotels, investing approximately $228 million of Fund capital in equity investments. Its acquisitions include the Sea Crest Beach Hotel in Cape Cod, the Courtyard San Diego Downtown, and the EAST Miami.
IHG Hotels & Resort has signed a management agreement with Almuhaysin Group to open the first Regent Hotel in the Middle East, in Saudi Arabia.
The property, built in 2008, was purchased by Guests, Inc., based in Strasburg, Virginia, from Highlands of Warrenton LLC, based in Warrenton, Virginia.
Century Casinos, Inc. (NASDAQ: CNTY) acquired the operations of Rocky Gap for approximately $56.1 million, subject to customary working capital adjustments, and VICI Properties Inc. (NYSE: VICI) acquired an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million.
The founding families retain a significant interest, with Luis Contreras continuing as CEO
Hyde Bodrum will be the first Hyde to offer an all-inclusive experience, as well as the brand's first destination in Turkey, set to open in early 2024.
Four Seasons Hotel and Private Residences Jacksonville will offer 170 luxuriously appointed rooms and suites, 26 Private Residences, and four dining and lounge outlets including a signature rooftop restaurant and bar, all-day restaurant, pool bar and grill, and lobby bar.
Weekly Hotel Industry Asia Pacific News Roundup from HVS
HVS Hotel Management announced it has been selected to operate the to-be-built Wyndham Garden in Forest Park, Georgia. Construction on the property is expected to begin before year-end 2023, with an anticipated completion date of early 2025.
Pier Sixty-Six Resort, the centerpiece of a $1 billion redevelopment project by Tavistock Development Company, is a renowned landmark that will reinforce its identity as one of the most esteemed resorts in Florida.
The renovation, which began in June and is expected to cost approximately $20 million, will feature a full revitalization of the ballrooms and meeting spaces, followed by all-new guest rooms in its historic tower, and conclude with enhancements to the hotel’s iconic lobby, lobby bar, and Café at the Pfister.
Set to open as part of the first phase of development at Triple Bay, the Equinox Resort Amaala will be located adjacent to the Triple Bay Marina Yacht Club.
New multi-unit deals with established developers expand ECHO Suites' presence in Alabama, Iowa, Nebraska and South Dakota while launching the brand in Canada
Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, has arranged a $100 million sale of The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego County’s exclusive enclave of Rancho Santa Fe, CA.
The Holiday Inn Express & Suites is situated on 1.73-acres at 20 South 10th St. The six-story hotel offers 600 square feet of meeting space, a fitness center, indoor pool and business center.
DSH Hotel Advisors announced the sale of the 67-room, interior-corridor Baymont by Wyndham in Lakeland, Florida for an undisclosed price on July 11, 2023
Through its two houses, Potel & Chabot and Saint Clair, Momense has become the preferred caterer for prestigious events in France and the world over.
ffiliates of Paceline Equity Partners, LLC, a Dallas-based private equity manager, today announced that they have acquired the Home2 Suites by Hilton New York Long Island City, an extended stay, all-suite hotel located in Long Island City, New York.
Accor Signs Milestone Agreement With Ebisu Resort LLC, With 23 Properties set to Join the Group's Hotel Network by Q2 2024
According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22 percent on the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallels global trends, with a first quarter of healthy conversion activity, accounting for 29 percent of rooms signed and 25 percent of rooms opened by the company globally.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 65-key Holiday Inn Express & Suites Columbus, a limited-service hotel asset in Columbus, Texas.