HNR Development Update Issue: June, 16 2023 |  Read Online

HNR News

Weekly Development Update

HVS Takeaways from the NYU Hospitality Conference - By Rod Clough

HVS Takeaways from the NYU Hospitality Conference - By Rod Clough

This week marked the 45th Annual NYU International Hospitality Industry Investment Conference, with the industry’s leaders descending on the Marriott Marquis Times Square to discuss the future of lodging. This article provides the key takeaways from HVS attendees. Read more

HOTEL DEVELOPMENT NEWS

 

Hotel Development Saudi Arabia

Minor Hotels Announces Upcoming Anantara in Trojena, NEOM

The new 270-key Anantara resort will offer a selection of guest rooms and suites, including some with private pools, and all with spectacular lake or mountain views. Dining options will include two specialty restaurants, an all-day dining restaurant with a show kitchen, a café and high tea lounge, in addition to a rooftop majlis café. Read more

 

Hotel Transaction Canada

The Rimrock Resort Hotel in Banff, Alberta Sold

Oxford Properties Group announced it has acquired The Rimrock Resort Hotel in Banff, Alberta, alongside an existing institutional capital partner. Accor has signed with Oxford to operate The Rimrock, effective immediately. Read more

 

Hotel Development Spain

Meliá Lloret De Mar Hotel to Open 2024 on Spain's Costa Brava

Currently named Gran Hotel Monterrey, this iconic Costa Brava property will reopen in 2024 under the Meliá Hotels & Resorts brand Read more

 

Hotel Development Africa

Radisson Hotel Group Announces Seven New Hotels in Africa for the First Half of 2023

These openings include the Group’s first hotel openings in Reunion Island and Ghana and expanding its resort presence in Casablanca and Saidia in Morocco as well as in South Africa, Egypt and Tunisia Read more

 

Hotel Development Africa

Marriott International Signs Five Protea Hotels by Marriott in Africa

Hotels are located in in Nigeria, Tanzania, Botswana and Ethiopia Read more

 

Hotel Development Arizona

Everhome Suites Hotel Breaks Ground in Glendale, AZ

Expected to open Q3 of 2024, the four story, 122 room hotel is near Luke Air Force Base, Boswell Medical Center, State Farm Stadium, and the Loop 101. Read more

 

Hotel Transaction Texas

SpringHill Suites by Marriott Galveston Island in Galveston, Texas Sold

The property, built in 2008, was purchased by PWZ Capital Group, based in Sommerville, Texas, from Omkar Group Galveston, based in Sugar Land, Texas. Read more

 

Travelodge Development Update

Owners Eye £1.2 Billion Travelodge Sale - CoStar

The budget hotel chain has ridden a bruising fallout with landlords during the pandemic to post surging profits. Read more

 

Hotels For Sale Colorado

Embassy Suites Portfolio in Colorado Offered For Sale

CBRE Hotels exclusively presents the opportunity to acquire two institutional-quality, Hilton branded assets - the 205-room Embassy Suites Colorado Springs and the 205-room Embassy Suites Denver Tech Center North. Read more

 

Hotel Development San Antonio

InterContinental Hotel in San Antonio, TX Begins Construction

IHG Hotels & Resorts (IHG) and Scarlett Hotel Group (SHG) announced the onset of construction of InterContinental San Antonio, a 391-room hotel located on the celebrated San Antonio River Walk at 111 East Pecan Street. Read more

 

In Brief

 

Hotel Transactions Europe
HVS Europe Hotel Transactions Bulletin Week Ending 9 June 2023

Hotel Development India
The Indian Hotels Company Limited Signs a Vivanta Hotel in Guwahati

Hotel Development Rome
Hyatt Announces Thompson Rome Hotel for 2024

HVS Asia Pacific
HVS Asia Pacific Hospitality Newsletter - Week Ending 9 June 2023

Hotel Development Bulgaria
Holiday Inn Express Sofia Airport Hotel Coming to Bulgaria

Hotel Development Bangkok
133 Key Radisson Hotel Ploenchit Bangkok Announced for Q2 2024

 

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