HNR Development Update Issue: June, 2 2023 |  Read Online

HNR News

Weekly Development Update

HOTEL DEVELOPMENT NEWS

 

Hotel Development Los Angeles

Crestline to Manage The Delphi Hotel in Downtown Los Angeles and Waldorf Towers in South Beach, Miami

Crestline Hotels & Resorts, LLC expands its management portfolio of luxury boutique hotels with the addition of The Delphi in downtown Los Angeles, California (formerly The Standard Hotel) and the Waldorf Towers in Miami Beach, Florida. Read more

 

Hotel Transaction Seattle

Hotel Vintage Seattle in Seattle, WA Sold for $33.7 Million

Pebblebrook Hotel Trust (NYSE: PEB) announced that on May 24, 2023, it closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to a third party. Read more

 

Hotel Development Saudi Arabia

Hilton and Saudi Tourism Authority Sign MoU for Collaboration on Attracting Visitors to the Kingdom

This most recent partnership highlights Hilton’s presence and growth in Saudi Arabia, where it currently operates 16 hotels – with another 51 in the pipeline and plans to grow its portfolio to more 75 hotels in the coming years. Read more

 

Hotel Development Poland

Accor Partners with PHH Group to Expand Hotel Development in Poland

Accor and Polski Holding Hotelowy Group announced a partnership to implement their first joint venture. Next year, Interferie Hotel Medical Spa Świnoujście, operated by PHH Group, will welcome its first guests under the Mövenpick brand from Accor's portfolio. Read more

 

Hotels For Sale Scotland

Euro Hostel Glasgow in Scotland Offered For Sale

Euro Hostel Glasgow offers a rare opportunity to secure a major city centre building fronting Glasgow’s iconic River Clyde. The building offers significant opportunity to reposition or redevelop the existing hostel. Read more

 

Hotel Development Miami

125 Room Miami EVEN Hotel Breaks Ground

Located within the growing Miami community of the same name, EVEN Hotel Sweetwater – Doral is projected to open in time for the summer travel season in 2024. Read more

 

Hotel Development Egypt

Hyatt Centric Cairo West Hotel Announced

The 283-key hotel will become the second Hyatt-branded hotel in Cairo’s Pyramids Heights Business Park, following the opening of Hyatt Regency Cairo West in 2021. Read more

 

Hotel Development Ottawa

Hard Rock Hotel & Casino Ottawa Breaks Ground

After delays due to the pandemic, the time has finally come to break ground on the future Hard Rock Hotel & Casino Ottawa. Media are invited to take part in a groundbreaking ceremony that will take place on Tuesday, June 6, 2023. Read more

 

Hotel Transaction Australia

121 Year Old P&O Hotel in Fremantle, Australia Sold

Located on the corner of High and Mouat Streets, the historic property was originally built in the 1830s as the Victoria Hotel then rebuilt in 1901 and renamed the P&O Hotel. It was most recently operated by Notre Dame University and is currently vacant. Read more

 

Hotel Development India

Indian Hotels Company Signs a Seleqtions Hotel in Naukuchiatal

Indian Hotels Company (IHCL) today announced the signing of a resort in Naukuchiatal, Uttarakhand. This is a conversion and will be rebranded an IHCL – SeleQtions hotel after extensive renovations and expansion. Read more

 

Hotel Development Bangkok

YOTEL Announces First Thailand Hotel to Open in 2025

Slated to open in 2025, YOTEL Bangkok will be located within Cloud 11, Asia’s largest content creator hub with a project value of over 1.2 billion USD. Read more

 

Hotel Development Spain

Kimpton Los Monteros Marbella Hotel to Open on Spain's Costa Del Sol

Kimpton Los Monteros Marbella will feature 178 rooms and suites, four restaurants and bars and a wide range of leisure activities including two swimming pools, a gym, tennis courts and a spa. Read more

 

Hotel Development Cancun

509 Room Secrets Playa Blanca Costa Mujeres All-Inclusive Resort to Open Q4 2023

Slated to open by the end of 2023, Secrets Playa Blanca Costa Mujeres will be located along a secluded strip of the Costa Mujeres shoreline, just 12 miles north of Cancun, Mexico. Read more

 

Hotel Transaction Michigan

Alpine Realty Capital Closes Sale of Comfort Inn and Suites in Mt. Pleasant, Michigan

This 137-unit property with adjacent ±10,000 square foot conference center benefits from its location adjacent to the main campus of Central Michigan University. Read more

 

Hotel Development Maldives

Corinthia Hotels to Open Luxury Resort in the Maldives in Q4 2025

Early works on reclamation and the first phase of the development of the Corinthia Maldives resort located on the Kaafu Atoll have commenced and will feature two islands hosting a 73-key resort on the larger of the two and a second, smaller private island for exclusive use. Read more

 

Hotel Development India

Radisson Hotel Group Signs 11 New Hotels in India During Q1 2023

Located in key gateway cities and emerging destinations, these new hotels are present across Hyderabad, Bengaluru, Ujjain, Raipur, Sonamarg, Manali, Kerala, and Visakhapatnam. Read more

 

My Place Hotels Development Update

My Place Hotels to Develop 10 Extended-Stay Hotels Throughout the Southern U.S.

My Place Hotels of America has entered into a two-phase franchise and development agreement with Rimrock Companies, a privately-held real estate development and investment company headquartered in Jacksonville, FL, for 10 extended-stay hotels throughout the South over the next six years. Read more

 

All-Inclusive Hotels

Hotel Brands, Investors See Value in All-Inclusive Model As Sophistication Grows - CoStar

Hoteliers with all-inclusive resorts say there's still untapped demand from some U.S. customers who don't yet trust the all-inclusive segment. Read more

 

In Brief

 

HVS Asia Pacific
HVS Asia Pacific Hospitality Newsletter - Week Ending 26 May 2023

 

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