HNR Development Update Issue: August, 18 2023 |  Read Online

Marriott International, Inc. recently announced that it has signed an agreement with New Development Group to introduce the EDITION Hotels brand to Dali, a well-known travel destination in Southwestern China for its picturesque natural scenery, diverse ethnic culture, and vibrant nightlife. Read more

Hilton (NYSE: HLT) has announced the signing of an agreement with Mashareq Investment to open Conrad Riyadh Laysen Valley at the beginning of 2025. The Conrad Hotels & Resorts property will be the second for the brand in Saudi Arabia, joining Conrad Makkah. Read more

The hotel is set to be developed in partnership with Al Akaria Real Estate Co. and is expected to open its doors in 2028. Read more

Hilton has signed two new properties to open in 2026 under its Hilton Hotels & Resorts and Canopy by Hilton brands: Hilton The Point Residences and Canopy by Hilton The Point Read more

Thanks to the agreement signed with the owner, Balance 99 Zrt., the group will franchise the unique historical four-star Hotel Magyar Király in the heart of Székesfehérvár, in the renewed historic area of the city. Read more

As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Read more

Wyndham Alltra announced it’s now taking reservations for its newest resort, the 404-room Wyndham Alltra Samaná. Managed by Playa Hotels & Resorts the resort is slated to open December 1 and marks Wyndham Alltra’s entry into the Dominican Republic. Read more

Concord Summit Capital, LLC (Concord Summit) and Vista Development Ltd. sourced the final round of construction financing for the $165 million Andaz Hotel and Residences, a five-star condominium hotel development on Grace Bay Beach in Turks & Caicos,. Read more

Accor has signed an agreement with Kaya Group to introduce the first Mövenpick property to the eastern Turkish province Diyarbakır. Read more

The bohemian hotel is now open for a limited 8-week preview season, to be followed by an official opening for Spring 2024 Read more

Slated to open Summer 2024, the four-story, 114-room property is being developed in collaboration with HighSide Companies, architect BRR Architecture, and general contractor Path Construction Northeast. Read more

yatt Unveils Plans for First Locations and Leadership Appointments for Upper-Midscale, Extended-Stay Brand, Hyatt Studios Read more

The brand will offer an affordable price point alongside the things that guests value most, such as a convenient location, a sound night’s sleep, and a great, complimentary hot breakfast – all at a quality and price that’s currently hard to find in the market. Read more

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Corporate-Owned La Quinta Inn by Wyndham in Denver Golden, Colorado. The property is located near I-70, with convenient access to The Colorado School of Mines, Denver International Airport, and Downtown Golden. Read more

Located off Highway 285, the hotel provides convenient access to Downtown Golden, The University of Denver, Denver International Airport, Red Rocks Park and Amphitheatre, and Mile High Stadium. Read more

CBRE Lending Momentum Index’ Declines 5.4% From Previous Quarter Read more

Commercial real estate prices are showing signs of stabilizing as inflation moderates and the Federal Reserve nears the end of its interest rate hiking cycle, according to a new CBRE survey. Read more

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