HNR Development Update Issue: March, 22 2023 |  Read Online

Extended Stay America announced today that it entered into an agreement with BASK Development for eight new Extended Stay America Premier Suites located throughout major markets in Florida. Read more

IHG Hotels & Resorts announced Kimpton Pattaya as an extension of its long-standing partnership with Asset World Corp Public Company Limited or AWC in Thailand. Read more

The property, built in 2008, was purchased by Agha Holdings, based in Chatsworth, California, from KAK Enterprises, based in Houma, Louisiana. Read more

As well as the new TUI BLUE Victoria in Menorca, TUI BLUE hotels will be joining the brand portfolio in Hurghada, Egypt; Ayia Napa, Cyprus; Cala Bona, Majorca; and Thailand. Read more

Wyndham Hotels & Resorts today announced the continued expansion of its ECHO Suites Extended Stay by Wyndham brand, which in just one year, now has more than 200 hotels in its development pipeline. Read more

Ennismore today announced it will open Mondrian Abu Dhabi, the brand's first project in the United Arab Emirates, in collaboration with Al Hazoom Group. Read more

The anticipated openings will feature approximately 4,400 rooms across eight of the company’s brands – The Ritz-Carlton, JW Marriott, Marriott Hotels, Westin Hotels & Resorts, Le Méridien Hotels & Resorts, Four Points by Sheraton, Aloft Hotels, and Courtyard by Marriott. Read more

Hotel industry experts say the recent collapse of both Silicon Valley Bank and Signature Bank will in the short term cause banks to tighten their underwriting criteria. Read more

Leisure Real Estate Advisors, LLC has announced the successful sale of the Holiday Inn Express located at 2415 N. Lincoln Avenue in Fremont, Nebraska. Built in 2003, the 94-key hotel was listed for $9,600,000. Read more

Red Roof will open 50 properties - new builds and conversions - in 2023, representing 60 percent year on year growth. Read more

With over 8,100 rooms in 21 states, the diverse portfolio is national in scope with representation in the upper midscale and upscale segments across all major brand companies. Read more

Located in San Francisco's Nob Hill neighborhood, the storied property has long been a nostalgic symbol of a bygone era, having originally been constructed in 1924 as the first steel and brick high rise west of the Mississippi. Read more

CBRE is the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the 370-room Decatur Conference Center & Hotel located in Decatur, IL. Read more

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