HNR Development Update Issue: July, 21 2023 |  Read Online

Meliá Halong Bay is set to debut in 2027 with 240 rooms and 302 serviced apartments spread over two towers. The hotel will feature four restaurants and bars, an indoor swimming pool and an expansive palm-tree lined outdoor swimming space with man made islets dotted throughout, reminiscent of the neighboring UNESCO World Heritage site. Read more

The property, set to begin construction in early 2024 and open in Summer 2026, will have around 275 rooms and suites and an additional 150 branded serviced apartments. Read more

HVS Brokerage & Advisory, in cooperation with Jennifer Stein Real Estate Inc., as the sole and exclusive advisory firm to ownership, present the opportunity to acquire the 56-key Days Inn by Wyndham Lake Village, a limited-service hotel asset in Lake Village, Arkansas, that is currently owner-operated and will be sold without management encumbrances. Read more

United Kingdom hotel loan agreements are undergoing summer stress testing as debt maturities peak. Read more

The St Julian’s-based hotel is set to become the seventh Hyatt Centric property in Europe Read more

Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced yesterday an exclusive licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023. Read more

Noble Investment Group today announced the acquisition of ten WoodSpring Suites hotels located throughout the southeastern United States. The firm plans to make physical improvements across the portfolio to enhance market positioning and accelerate performance. Read more

Vignette Collection Phnom Penh Odom will feature 50 rooms and suites and facilities including two restaurants, a rooftop bar, a lobby lounge, a swimming pool, fitness centre, a members-only private club and four meeting rooms. Read more

RIHGA Royal Hotel Osaka has joined the IHG Hotels & Resorts’ system on 30 June 2023, making it IHG’s largest hotel in Japan and its seventh hotel in Osaka Read more

JLL arranged the refinancing for four newly developed hotels in Florida Read more

Located in the beating heart of one of the world’s most dynamic cities, the first-ever vertical urban resort from ultra-luxury hospitality brand One&Only is set to welcome guests from 1 December 2023. Read more

Club Med will debut its newest Japan ski resort, Club Med Kiroro Grand, in Hokkaido this December Read more

The newly developed and multi-award-winning QT Hotel and East End Retail precinct, part of Newcastle’s East End development, has been listed for sale by owner and developer Iris Capital. Read more

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. Read more

Accor, together with Sunmei Group, shared an update of their development progress celebrating the one-year mark of their strategic alliance to debut and develop the Mövenpick by Accor brand across China. Read more

The new Mandarin Oriental, Miami and The Residences at Mandarin Oriental, Miami are set to open in 2030 Read more

HVS Brokerage & Advisory, in cooperation with Eric Vincent Guerrero, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 130-key Marina Inn & Suites Chalmette-New Orleans , a limited-service hotel asset in Chalmette, Louisiana. Read more

IHG Hotels & Resorts has signed a franchise agreement that will see a Hotel Indigo property open in Oxagon, a coastal industrial city in NEOM, located in the Northwest region of Saudi Arabia. Read more

The four-story, 114-room property is being developed by New Circle Investments and is slated to open in the second quarter of 2024. Read more

The park will feature an Americana-themed environment with a variety of entertaining rides, live shows, family attractions, waterways as well as restaurant-quality food and beverage offerings. The theme park and resort are scheduled to open in fall of 2026. Read more

RLJ Lodging Trust (NYSE: RLJ) today announced that its Nashville property is joining the Tapestry Collection by Hilton. The 124-room property will undergo a comprehensive renovation next year and relaunch as a rebranded lifestyle boutique hotel within the Tapestry Collection by Hilton. Read more

The Marcus Hotel Portrush, Tapestry Collection by Hilton will restore a Victorian building to its former glory as a hotel and is anticipated to mark the brand’s Northern Ireland debut in 2025 Read more

The property, formerly known as Royal Uno All-Inclusive Resort & Spa, is owned by Tortuga Resorts and will be managed by Hilton. Read more

The newly branded Radisson Hotel Cedar Rapids is the first hotel conversion to the Radisson brand since Radisson Hotels Americas was acquired by Choice Hotels International in 2022. Read more

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. Read more

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