HNR Development Update Issue: August, 11 2023 |  Read Online

HNR News

Weekly Development Update

HOTEL DEVELOPMENT NEWS

 

Hotels For Sale Texas

Houston Area Quality Inn & Suites Hotel in La Porte, Texas Listed for Sale

Spark by Hilton Conversion Opportunity - Hilton Spark conversion is possible at this location. Read more

 

Hotel Financing Chicago

Civitas Announces Senior Loan Close in Embassy Suites Chicago Naperville Hotel Transaction

This loan will be used to refinance an existing loan on behalf of the owner, a joint venture between Brookfield Reinsurance/ANICO and Superhost Hospitality. Read more

 

Hotels For Sale New Zealand

New Zealand Southern Alps Ski Resort and Lodge Listed for Sale

The property comprises two operations, Lake Ohau Lodge, a 72-room lodge that sits on a 10.1ha lakeside location and Ohau Snow Fields, a 145.2ha private ski field with access to over 250ha of skiable terrain. Read more

 

Hotels For Sale Texas

Quality Suites Austin South Hotel in Austin, Texas Listed for Sale

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 51-key Quality Suites South Austin, an interior-corridor, limited-service hotel in the highly sought-after Austin market. Read more

 

Hotel Development China

Hyatt and Hongkong Land Announce Plans for Hyatt Centric East CBD Chengdu Hotel

The lifestyle hotel is set to open in 2025 in the city’s commercial complex, the Ring Chengd Read more

 

Hotel Development Mexico

Meliá Hotels Announces Luxury Hotel to Open 2025 in San Miguel De Allende, Mexico

The new ME, currently under construction, is expected to open in 2025. It will have 140 rooms and all the signature attributes of ME by Meliá. Read more

 

Hotel Development UAE

IHG Hotels & Resorts Expands Presence in the UAE with a New Voco Hotel in Sharjah

As the first IHG hotel in the Emirate, the voco hotel aims to open in 2027. It will comprise 191 rooms, helping boost Sharjah's offering as one of the top destinations in the region. Read more

 

Hotel Transaction Phoenix

143 Room Aloft Phoenix-Airport Hotel in Phoenix, AZ Sold

Purchase of Select Service 143-Key Property Marks 12th Hospitality Acquisition in Current Cycle for Atlanta-Based Real Estate Investment Firm Read more

 

Hotel Financing South Carolina

PMZ Arranges $13.5M Acquisition Financing for Holiday Inn Charleston-Riverview Located in Charleston, South Carolina

The 14-story, 157-room Holiday Inn Charleston-Riverview is conveniently located off Savannah Highway and overlooks the Ashley River. Read more

 

Hotel Transaction Dallas

Tru by Hilton Rockwall Dallas Hotel Sold

Mumford Company announced today it completed the sale of the Tru by Hilton Rockwall Dallas, located in Rockwall, Texas. Read more

 

Hotels For Sale Texas

Holiday Inn Express & Suites Lubbock Central - University Area Hotel in Lubbock, TX for Sale

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 107-key Holiday Inn Express & Suites Lubbock Central University Area, a limited-service hotel asset in Lubbock, Texas. Read more

 

Hotel Transaction Florida

Super 8 by Wyndham Ormond Beach, Florida Sold

DSH Hotel Advisors has arranged the sale of the 48-room Super 8 by Wyndham Ormond Beach, Florida for an undisclosed price on July 11th, 2023. Read more

 

Hotel Development Melbourne

Prominent Melbourne CBD Site Approved for a Major Hotel Development Has Been Listed for Sale

Located at 540 Flinders Street, the 1,971sqm site currently features a two-level office-warehouse with prominent dual frontage to Flinders Street and Flinders Lane. Read more

 

Hotel Construction Pipeline Latin America

Projects in the Early Planning Stage of Latin American Hotel Construction Pipeline Rise at Q2 2023

Countries with the most projects in the construction pipeline include Mexico with 213 projects/33,853 rooms. Next is Brazil with 85 projects/14,772 rooms, the Dominican Republic with 33 projects/7,071 rooms, Peru with 27 projects/3,322 rooms, and Argentina with 18 projects/1,932 rooms. Read more

 

Global Real Estate Investment Trends

Q2 Global Real Estate Investment Buffeted by Monetary Tightening

Q2 marks third consecutive quarter of significant declines in global investment Read more

 

Hotel Construction Pipeline Canada

Hotel Construction Pipeline in Canada is Up; Toronto and Vancouver with Impressive Pipelines at Q2 2023

As seen in the recently released Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), the total construction pipeline in Canada continued to expand at the close of the second quarter with 275 projects/37,359 rooms, up 5% by projects and rooms year-over-year (YOY). Read more

 

In Brief

 

HVS Asia Pacific
HVS Asia Pacific Hospitality Newsletter - Week Ending 4 August 2023

Hotel Development Spain
Ibis Styles to Open New Hotel in Benidorm, Spain

 

Nevistas & Hotel News Resource - All rights reserved

Forward | Unsubscribe