HNR Development Update Issue: May, 8 2023 | Read Online
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Weekly Development Update
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Marriott tops the charts with the greatest number of projects in the U.S. hotel construction pipeline, at Q1 2023, with 1,499 projects/181,377 rooms, followed closely by Hilton Worldwide (Hilton), with a record-high count of 1,436 projects/161,359 rooms, and then InterContinental Hotels Group (IHG) with 809 projects/80,679 rooms. Read more
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Crowne Plaza Fiji Nadi Bay Resort & Spa will open in late 2023 following the signing of an agreement with Wailoaloa Hotel Pte Ltd, that will see IHG’s foothold in Fiji grow to five hotels and round out its geographical presence on the island. Read more
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Hotel Development Ireland
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Located on James Street in Dublin, prizeotel Dublin will be situated in the 'Liberties' area, one of Dublin's oldest and most historic neighborhoods just outside of the medieval walled city, dating back to the twelfth century. Read more
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Hotels For Sale Australia
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A trio of accommodation and hospitality assets in the World-Heritage listed Daintree Rainforest region is to be listed for sale this month as part of a strategy shift by the Morris family’s Northern Escape Collection. Read more
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Rosewood Hotels & Resorts has been appointed by Eleven D&C Co., Ltd. to manage Rosewood Seoul, a new build ultra-luxury hotel set to open in 2027. Read more
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Hotel Development California
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Life House has been selected to manage two more hotels in California - Hotel Royal in Long Beach and Hotel La Rose in Sonoma County. Life House now operates seven hotels throughout California. Read more
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Hotel Development Saudi Arabia
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IHG Hotels & Resorts has signed a management agreement with The King Abdullah Financial District Management and Development Company (KAFD DMC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to bring the first Kimpton hotel in the region to Riyadh, Saudi Arabia. Read more
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Radisson Hotel Group Development Update
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The two hospitality companies have penned a Master Collaboration Agreement that will see Radisson Hotel Group become La Vie's Hotels & Resort's preferred partner, enabling La Vie to develop, manage and operate properties under five brands. Read more
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Hotel Development Oklahoma
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Positioned on approximately 1,300 miles of shoreline, the Shangri-La Resort & Marina is recognized as the only full-service resort complex on northeastern Oklahoma's Grand Lake O' The Cherokees. Read more
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Rotana announced today its entry into the United Kingdom (UK) with the launch of two new properties under its hotel and serviced apartment brand, Centro, Centro New Malden and Centro Kingston. Read more
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Hotels For Sale Australia
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Property group Novm has listed for sale the newly built Quest Woolooware Bay, part of the $1 billion Woolooware Bay Town Centre mixed-use development. Read more
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Transaction Makes Marriott International the Largest Hotel Company in the Caribbean and Latin America Read more
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Hotel Transaction New Jersey
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Hodges Ward Elliott arranged the sale of the the Marriott Saddle Brook, a 241-key hospitality asset located in the township of Saddle Brook, NJ, strategically located off Interstate 80, just 20 miles from Manhattan. Read more
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Hotel Construction Pipeline Canada
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At the close of Q1 2023, the country’s hotel construction pipeline currently stands at 283 projects/37,683 rooms. Canada’s total construction pipeline increased 10% by projects and 5% by rooms year-over-year (YOY). Read more
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Everything is bigger in Texas, even the post-pandemic recovery. Hotel metrics are showing strong improvements, and convention demand should be further bolstered in the future by a new convention facility. As a result, new hotel construction is again vibrant across the Metroplex after a temporary slowdown during the pandemic. Read more
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