HNR Development Update Issue: July, 7 2023 |  Read Online

IHG Hotels & Resorts today announces the signing of Hotel Indigo Satu Mare, a brand debut in Romania. Read more

Further to the acquisition in December 2021 of Luton Hoo Hotel, Golf & Spa by Arora Group, the signing of an agreement has been announced to redevelop the hotel under the Fairmont Hotels & Resorts brand. Read more

Construction will begin in Summer 2023 on a TownePlace Suites by Marriott in Brentwood, Tenn., a TownePlace Suites by Marriott in Murfreesboro, Tenn., and a Home2 Suites by Hilton in Lebanon, Tenn. Read more

CBRE Hotels presents, as an exclusive advisor, the excellent opportunity to acquire the fee simple interest in the 38-room Carlyle Hotel located in the heart of Silicon Valley in Campbell, California. Read more

JLL Capital Markets announced today that it arranged $7.59 million in financing for The Sandbar Hotel, Trademark Collection by Wyndham, a 121-key, limited-service, beachfront hotel located in Myrtle Beach, South Carolina. Read more

The first Scandic Go hotel will open on Upplandsgatan in Stockholm in September, and Scandic has now signed a lease agreement for another Scandic Go, this time a centrally located hotel with 221 rooms at Fridhemsplan on the island of Kungsholmen in Stockholm. Read more

Raichak, situated on the banks of the Ganges River, is a hidden gem in West Bengal known for its serene views and lush greenery. Read more

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 121-key Americas Best Value Inn & Suites Fort Collins East at I-25, a limited-service hotel asset in Fort Collins, Colorado. Read more

IHG Hotels & Resorts last week announces the signing of Hotel Indigo Bangkok Thonglor in partnership with Recha Estate Co., Ltd. Read more

Conveniently located off Interstate 5 in the North San Diego County, the 102-room hotel provides access to an array of San Diego attractions, including the San Diego Safari Park, Sea World, San Diego Zoo, Coronado, Balboa Park and the USS Midway Museum. Read more

Featuring 98 rooms and suites, upon its debut in 2025 guests will be invited to enjoy a range of facilities including two food and beverage options, a banquet facility spanning over 300 square metres, a swimming pool and a state-of-the-art fitness centre. Read more

A conversion property, voco Beirut Central District is scheduled to be rebranded by the end of this year, adding 123 rooms to IHG’s portfolio in the country. Read more

A summary of European hotel transactions provided by HVS Read more

Weekly Hotel Industry Asia Pacific News Roundup from HVS Read more

Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced the acquisition of the newly renovated Courtyard by Marriott Cleveland University Circle for $31 million, or approximately $201,000 per key. Read more

Global Holdings, the international real estate development and investment firm led by Chairman and Founder Eyal Ofer, yesterday announced the acquisition of the Mondrian Park Avenue, a 190-key boutique hotel in Manhattan’s NoMad neighborhood. Read more

Legend Land’s acquisition of the 472-room Novotel & ibis Melbourne Central represents the largest hotel transaction in Melbourne in over six years and highlights the confidence international capital has in Australia’s hotel sector outlook. Read more

The Bussleton Beach Resort has changed hands following the end of a 40-year timeshare arrangement. Read more

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