HNR Development Update Issue: August, 25 2023 |  Read Online

Hilton (NYSE: HLT) hosted over 100 hotel developers and owners from Thailand and other markets in South East Asia, as it introduced a new regional room prototype for its upscale brand, Hilton Garden Inn. Read more

More than $30 million committed to help unlock paths to hotel ownership Read more

The Prince of Wales Hotel, an iconic establishment in St Kilda, has been listed for sale by Melbourne-based hospitality business, Jackalope Group, which purchased the property in 2015 for $45 million. Read more

Waramaug Hospitality announced today it acquired the Atlanta Marriott Peachtree Corners located northeast of Atlanta's Interstate-285 beltway perimeter, within the high-growth corridor surrounding Peachtree Industrial Boulevard. Read more

Accor has signed 30 new hotels and resorts across Asia over the last two months under the Group’s Premium, Midscale & Economy brands. Read more

Kimpton Virgilio will be located on 79 Anatole France Street will have 48 rooms, a signature restaurant and a rooftop bar with a pool. Read more

The opportunity encompasses significant combined development parcels totalling approximately 28 hectares of beachfront and island centre land across perpetual and long-term leasehold lots. Read more

Hilton (NYSE: HLT) is continuing its expansion across Saudi Arabia with the signing of Hilton Dammam Airport, its first airport hotel in the country. The 273-key property will be completed in partnership with Al Musbah Group and Damman Airports Company (DACO). Read more

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Holiday Inn Express & Suites in West Houston Katy, Texas. Located off Interstate Highway 10 and just minutes away from Katy Mills Mall and Houston Energy Corridor, the 97-room hotel receives business from a diverse population of both corporate and leisure segments. Read more

In the Q2 2023 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the region currently has 1,715 projects/256,578 rooms in its construction pipeline at the close of the quarter. Read more

In the Q2 2023 Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the region is at an all-time project high of 1,936 with 401,766 rooms in the total pipeline at the close of the quarter. Read more

As seen in the most recent Construction Pipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022. Read more

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