HNR Development Update Issue: May, 26 2023 | Read Online
|
|
|
Weekly Development Update
|
|
|
Hotel Portfolio Transaction
|
|
|
Holiday Inn Club Vacations Incorporated, a vacation ownership company and partner of IHG Hotels & Resorts (IHG), announced today that it has acquired four beachfront resorts located in Cancun, Playa del Carmen and the Riviera Maya, Mexico from Royal Resorts. Read more
|
|
|
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has successfully refinanced its mortgage loans for the 157-room La Posada de Santa Fe in Santa Fe, New Mexico, which had a final maturity date in November 2023, and the 252-room Hilton Alexandria in Alexandria, Virginia, which had a final maturity date in June 2023. Read more
|
|
|
Hotel Development Palm Springs
|
|
|
Thompson Palm Springs is expected to open in late 2023 and will offer panoramic views of the San Jacinto Mountains and the city of Palm Springs. Read more
|
|
|
Hotels For Sale California
|
|
|
CBRE Hotels, as exclusive advisor, presents the exceptional opportunity to acquire the Embassy Hotel, located in the Van Ness Corridor of San Francisco, California. Read more
|
|
|
The first Nobu Hotel and Restaurant in Portugal will be situated in the heart of Lisbon, on the famed Avenida da Liberdade. This prestigious address, renowned for its luxury boutiques and distinct 19th century architecture, offers discerning travelers direct access to the city's upscale retail, five-star restaurants, and key cultural landmarks. Read more
|
|
|
Ascend Hotel Collection Development Update
|
|
|
The Ascend Hotel Collection, part of Choice Hotels International, Inc. (NYSE: CHH), opened 2023 with an impressive first quarter, further solidifying its status as the industry's largest upscale soft brand collection with over 330 hotels open or in development worldwide. Read more
|
|
|
Hotel Development Arizona
|
|
|
VAI Resort announced the VAI Amphitheater, set to open in 2024 as part of its upcoming $1 billion destination resort in Arizona. Read more
|
|
|
The 125-keys hotel is situated in the heart of Indore’s commercial hub. Read more
|
|
|
Hotel Development Las Vegas
|
|
|
Bent Inn Las Vegas, a 33-room boutique hotel, is slated to begin taking reservations in summer of 2023. Bent Inn is the only gay/locally owned and operated boutique hotel and gastropub in resurgent downtown Las Vegas. Read more
|
|
|
Lower Midscale Brand Designed for Guests Who Typically Book Stays of 20 or More Nights Read more
|
|
|
Choice Hotels Acquisition
|
|
|
Choice Hotels International (CHH.N) is seeking to buy Wyndham Hotels & Resorts (WH.N) in a deal that would create a U.S. budget hotel giant, a person familiar with the matter told Reuters on Tuesday. Read more
|
|
|
Mandarin Oriental announced the development of a new hotel and accompanying residences in Athens. Mandarin Oriental, Athens will be located on the shoreline of the city and just a 15-minute drive from the centre. Read more
|
|
|
Hotel Financing California
|
|
|
JLL Capital Markets announced that it arranged $36.8 million in construction financing for 550-566 E Colorado BLVD., a 194-key, six-story hotel development in the Playhouse District of Pasadena, California. Read more
|
|
|
IHG Hotels & Resorts (IHG) and Mori Trust Co Ltd have signed a partnership agreement to open Hotel Indigo Nagasaki Glover Street in late 2024. Read more
|
|
|
Hyatt Hotels Corporation (NYSE: H) announced the launch of a new Inclusive Collection brand, Impression by Secrets, with the opening of Impression by Secrets Isla Mujeres. Read more
|
|
|
Wyndham Hotels & Resorts, Inc. (NYSE: WH) today announced that it successfully completed the refinancing of its previously outstanding Senior Secured Term Loan B Facility due May 2025. The Company closed on a new $1.1 billion Senior Secured Term Loan B Facility, which will mature in May 2030. Read more
|
|
|
HVS, as the sole and exclusive advisory firm to ownership, present thes opportunity to acquire the 136-key La Quinta Inn by Wyndham, a limited-service hotel asset in Clute, Texas. Read more
|
|
|
Choice Hotels Acquisition
|
|
|
Deal Would Increase Scale, but Analysts Say Numbers Don't Add Up Read more
|
|
|
The investments are in select service and extended stay assets and are diverse between healthy cash generating assets mixed with value-add opportunities. Read more
|
|
|
Hotel Construction Pipeline Middle East
|
|
|
According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY). Read more
|
|
|
Hotel Construction Pipeline Europe
|
|
|
The top hotel franchise companies in Europe’s construction pipeline at the Q1 close are Accor with 277 projects/36,964 rooms, Hilton Worldwide with 202 projects/28,769 rooms, and Marriott International with 185 projects/28,722 rooms. Read more
|
|
|
Nevistas & Hotel News Resource - All rights reserved
|
|
| |
