HNR Development Update Issue: June, 26 2023 |  Read Online

HNR News

Weekly Development Update

HOTEL DEVELOPMENT NEWS

 

Hotel Transaction Virginia

Hampton Inn & Suites Fredericksburg South in Virginia Sold

JLL Hotels & Hospitality Group announced today that it arranged the sale of the Hampton Inn & Suites Fredericksburg South, a 121-key hotel in Fredericksburg, Virginia. Read more

 

Hotel Financing Florida

$20.07M in Financing Secured for Sheraton Tampa Brandon Hotel

JLL Capital Markets arranged financing for the 266-key hotel in Florida Read more

 

Hotel Transaction Sydney

Manly Wharf in Sydney Sold for $80 Million

In addition to Manly Wharf, HSW also purchased Ben May’s Manly Wharf Hotel business. Read more

 

U.S. Hotel Transaction Trends

Would-Be Hotel Buyers Look for Strategic Sellers - CoStar

With Current Uncertainty, Lenders Want a Solid Story Read more

 

Hotel Development Spain

Hyde Ibiza Hotel Offers Limited Preview This Summer Ahead of 2024 Opening

Hyde Ibiza, the first European hotel from the music inspired hospitality brand, is now accepting reservations for an eight week preview season starting August 15, ahead of the hotel's official opening in spring 2024. Read more

 

Hotel Development Tanzania

Marriott International to Launch Luxury Safari Lodge in the Serengeti

The signing of JW Marriott Serengeti Lodge marks the brand’s first luxury safari lodge in Tanzania Read more

 

Hotel Development Nigeria

Radisson Hotel Group Announces Three New Hotels in Nigeria

The hotels add over 400 rooms to Radisson Hotel Group’s Nigerian portfolio comprising of 11 hotels in operation and under development Read more

 

Hotel Development Netherlands

IntercityHotel to Open 2025 in Rotterdam-Schiedam

Deutsche Hospitality recently signed an agreement for a new IntercityHotel in Rotterdam-Schiedam together with the joint venture between Dutch project development company De Veste Schiedam B.V. and Necron GmbH. The hotel is expected to open by the end of 2025. Read more

 

Hotel Transaction Tampa Bay

The Hampton Inn by Hilton in Tampa Bay Area Sold for $9,400,000

DSH Hotel Advisors, announced that Dennis S. Hopper, CCIM, Managing Principal of the firm, and Randy B. Taylor, Senior Vice President Investments, arranged the sale of the 72-room Hampton Inn by Hilton in Spring Hill (a submarket of Tampa) for $9,400,000 on June 5th, 2023. Read more

 

In Brief

 

Hotel Development Pakistan
Hilton Garden Inn in Islamabad to Open 2027 in Heart of DHA Islamabad's Orchard Boulevard Commercial Hub

HVS Asia Pacific
HVS Asia Pacific Hospitality Newsletter - Week Ending 16 June 2023

Hotel Development Egypt
Radisson Collection Resort, Marsa Alam Port Phoenice to Open 2025 in Egypt

Hotel Development India
Hilton Sohna Resort & Spa to Open 2026 in India's Delhi-NCR Region

Hotel Development Uzbekistan
Accor Signs Mövenpick Hotel in the Capital of Uzbekistan

Travel Deal Activity
Travel and Tourism Industry Deal Activity Plummets by 41% YoY in January-May 2023


Hilton Announces Signing of Koko Beach Resort Ilashe Lagos, Curio Collection by Hilton

Hotel Development Ghana
Hilton Accra Cantonments Hotel to Open December 2023 in Ghana

 

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