HNR Development Update Issue: May, 2 2023 |  Read Online

While the broader economy and commercial real estate investors continue to digest issues in the world of regional banking, members of the Hospitality Asset Managers Association are still more concerned about the cost and availability of workers. Read more

Leisure Real Estate Advisors, LLC has successfully negotiated the sale of the Super 8 Urbandale and the Microtel Inn & Suites Colfax, both located in Iowa. Read more

Giri Hotels has recently announced their acquisition of Anchorage by the Sea, a waterfront hotel located in Ogunquit, Maine. The transaction was negotiated by Wason Associates Hospitality Real Estate on behalf of the Seller: AMIO, LLC and Anchorage Motor Inn Ogunquit Inc. Read more

Initiative Designed to Increase Hotel Development and Ownership Among Historically Underrepresented Groups Read more

Four Towers, Over 1100 Rooms, Suites + Villas, VAI music and entertainment venue featuring a $40 Million State-Of-The-Art Stage,12 Signature Restaurants, Konos Island and Beach Oasis, Luxury Spa, Nightclub Venue, Rides, Attractions, Curated Retail and Art Installations Read more

Developed by Levy Holding, Latitude Margaritaville International Lake Chapala will feature a total of 194 accommodations, including studio, one-bedroom and two-bedroom apartments, ranging from 430 sq. ft. to 915 sq. ft., as well as 1,292 sq. ft. one-story homes. Read more

Stretched across a chain of private islands around a pristine lagoon in the South Male Atoll, Rosewood Ranfaru will be situated less than an hour away from Velana International Airport in Male. Read more

In addition to the upcoming Four Seasons resort, Sindalah will be home to a luxury marina and yacht club, 9-hole golf course with 18 pin experiences and a vast array of dining destinations Read more

The Company also unveiled the design vision of its first-ever beachfront resort, which is inspired by the seascape of Al Marjan Island, a group of four islands. The resort is being developed with local partners Marjan LLC, and RAK Hospitality Holding LLC. Read more

The tavern and accommodation park at 1982 Newman Drive sits across two sites, totalling 10,159sqm. The 83-hotel room accommodation facility is on one 4,127sqm site and the tavern on the other 6,032sqm site, complete with a drive-through bottle shop and alfresco areas. Read more

Radisson Hotel Group has embarked on the latest phase of its expansion strategy in the Philippines, with the signing of a Master Development Agreement for the Park Inn by Radisson brand, with SM Hotels & Conventions Corp. (SMHCC) for 14 new hotels across the country over the next five years, taking their total targeted portfolio with Radisson Hotel Group, to 20 hotels by 2028. Read more

The economy segment is the fastest-growing segment in the European hotel industry. To meet the demands of a new generation of hotel guests, Scandic will open its first hotel under its new Scandic Go brand, a smart, sustainable hotel concept at a good price. Read more

Hyatt Hotels Corporation (NYSE: H) and Mr & Mrs Smith today announced an agreement for a Hyatt affiliate to acquire London-based Mr & Mrs Smith, a platform offering direct booking access to a carefully curated and growing collection of over 1,500 boutique and luxury properties. Read more

New development option maintains brand position as lowest cost to build and operate in midscale while increasing guest intent to stay by 25% Read more

HVS Brokerage & Advisory announced the sale of the 79-key Homewood Suites by Hilton Beaumont, located at 3745 I-10 Access Road, Beaumont, Texas 77705. Read more

The reimagined hotel will span 15 floors and feature 364 guest rooms, inclusive of five suites, including a 1,100-square-foot penthouse. Read more

The renovation exceeds $100 million and will integrate Horseshoe’s Jubilee Tower into Paris Las Vegas, offering luxury rooms with balconies and prime Strip views Read more

The Siegel Grou announced today that it had acquired the former Stay Suites of America located in Orange Park, Florida. The property, which suffered from deferred maintenance and management issues, was purchased in an all-cash transaction for $7 million and quickly closed in under 30 days. Read more

In the Q1 2023 U.S. Construction Pipeline Trend Report released by e (LE), LE analysts report, that as a group, year-over-year the hotel construction pipeline has grown in the Top 25 Markets in the U.S. Read more

In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. Read more

HVS discusses the main hotel transactions that took place in 2022 and looks at the trends in single-asset and portfolio transactions over the years. Read more

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