HNR Development Update Issue: May, 16 2023 |  Read Online

Marcus & Millichap Capital Corporation (MMCC) arranged a $19,235,000 loan for the construction of the EVEN Hotel Doral, located at 10770 NW 25th St. in Doral, Florida. Read more

The group has announced 4 projects during Fitcuba, Cuba's international tourism fair held last week. The new Meliá Trinidad Peninsula and Sol Caribe Beach are also due to open this season on the island. Read more

dusitD2 Samyan Bangkok, ASAI Bangkok Sathorn, and ASAI Kyoto Shijo to open within the next month. Read more

976‑room hotel overlooking Mercedes‑Benz Stadium will feature six signature food and beverage experiences, spa and beauty bar Read more

The hotel will be located in the region of Arxan, often referred to as the 'Chinese Alps', in the northeast of Inner Mongolia. Read more

Four Seasons Private Residences Las Vegas will be set within the MacDonald Highlands community, a private 11-acre (4.5 hectare) oasis in Henderson, Nevada and minutes from the world-class entertainment, fine dining and upscale shopping of Las Vegas. Read more

The Company expects to commence operations at the Condor Hotel and Trinity on or about July 1, 2023. In total, these new properties will add 214 units to the Company’s portfolio of short-stay hotel rooms. Read more

Accor plans to open three properties in the upcoming project by Rua Al Madinah Holding Company in Madinah, Kingdom of Saudi Arabia. The project includes a 142-key Fairmont hotel and 120 Fairmont branded residences, in addition to a 466-key Swissôtel and a 328-key Novotel. Read more

Both signings will be a joint venture between real estate fund manager Frogmore and C1 Capital Partners. Read more

For the trailing twelve months ended March 31, 2023, the hotel’s net operating income was $1.6 million, and its Hotel EBITDA was $2.1 million, with the $63.3 million sales price reflecting a 30.7x EBITDA multiple and a 2.5% net operating income capitalization rate. Read more

The six new hotels include openings for Six Senses and InterContinental Hotels & Resorts in the capital city of Rome, and four further signings, a Vignette Collection property in Rome, and Hotel Indigo hotels in Florence, Turin and Trieste. Read more

Choice Hotels International, Inc. (NYSE: CHH) announced the start of construction on Cambria Hotel Pearl District - Portland and Cambria Hotel Hillsboro with an expected Spring 2025 opening. Read more

The latest in our series of webinars kicked off with positive feedback from an audience poll in which 41% of attendees said they expected investment in hotels to grow by 10% or more over the next 12 months with city centre, full service hotels and resort leisure hotels the sectors most likely to attract investor interest. Read more

Expected to open in 2024 as Hilton’s 10th all-inclusive property in the Caribbean and Latin America, the signing of Zemi Miches All-Inclusive Resort, Curio Collection by Hilton cements Hilton’s plan to nearly triple its portfolio in the Dominican Republic over the next five years. Read more

Rocksino will be the only one of its kind in the Hard Rock International portfolio Read more

The Company expects to commence operations at Hotel 57 during the current second quarter of 2023. Read more

Accor, in partnership with Erth Real Estate Company, today announced that it will open three new hotels in Riyadh, Kingdom of Saudi Arabia, as part of a new master planned development project. Read more

This summer, The Crown Kraków Handwritten Collection will welcome its first guests in a distinctive corner tenement house at 6 Królewska Street, right next to Inwalidów Square and the so-called Avenues of the Three Bards in the second largest city in Poland. Read more

Accor has signed a franchise agreement with Fardela Solutions s.r.o for the new Mövenpick hotel in the country. The hotel will be located in Čeladná, in the Moravian-Silesian Region of the Czech Republic. Read more

IHG Hotels & Resorts has strengthened its partnership with one of the leading developers in Egypt, Arkan Palm for Real Estate Investment, to build two more hotels in the capital city - InterContinental West Cairo 205 scheduled for a January 2028 opening and the voco West Cairo 205 Suites, set to open by June 2026. Read more

IHG Hotels & Resorts announce dthe signing of InterContinental Chantilly - Château Mont Royal – the latest château property within its portfolio in France. Read more

Radisson Hotel Group expands its portfolio of art and design-inspired hotels with the inclusion of art’otel in the Radisson Hotel Group’s brand portfolio, growing to ten distinct brands under one umbrella. Read more

According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY). Read more

The Latin America hotel construction pipeline, at the close of Q1 2023, stands at 546 projects/90,139 rooms, however, down slightly 3% by projects and 2% by rooms year-over-year (YOY). Read more

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