Hotel Development News
May, 18 2017
 
 
 
Hotel Development Florida
Hyatt Place Jacksonville Hotel to Open Late 2018
 
Concord Hospitality announced last week that construction has started on Hyatt Place Jacksonville. Located across the street from St. Johns Town Center, the 160-room hotel is scheduled to open in late 2018. Read more
 
Hotel Transaction California
Ashford Prime Completes Acquisition Of Hotel Yountville For $96.5 Million
Ashford Prime Completes Acquisition Of Hotel Yountville in Napa Valley For $96.5 Million
 
Ashford Hospitality Prime, Inc. (NYSE: AHP) announced that it has completed the acquisition of the 80-room Hotel Yountville in Yountville, California for $96.5 million ($1,200,000 per key), previously announced on March 1, 2017. Read more
 
Hotel Development Japan
Two Moxy Hotels Announced for Japan
Two Moxy Hotels Announced for Japan
 
Moxy Tokyo Kinshicho and Moxy Osaka Honmachi are both set to open in late 2017, further expanding the brand's presence in Asia Pacific with the opening of the region's first Moxy in Bandung, Indonesia slated for Q3 2017. Read more
 
Hotel Development New Zealand
Avani Hotels Acquires Metro Suites in Auckland, New Zealand
 
In a deal worth over NZD 11 million, the Metro Suites business currently operates in the luxury 40-storey tower and will be transformed through a major room refurbishment programme. Upon completion in October 2017, the property will be rebranded as Metropolis AVANI Residences, signalling the AVANI brand's debut in New Zealand. Read more
 
Hard Rock International and Rideau Carleton Raceway Announce Hard Rock Casino Ottawa
Rendering of the Hard Rock Casino Ottawa
 
Hard Rock International and RCR will transform the existing property with a complete remodel, rebrand and significant expansion, leading to an economic development boost. The multi-phase project is expected to potentially create 1,900 construction-related jobs and 2,000 direct and indirect ongoing jobs. Read more
 
Hotel Development Vietnam
DusitPrincess Moonrise Beach Resort to Open in Vietnam
DusitPrincess Moonrise Beach Resort to Open in Vietnam
 
Thailand-based Dusit International will make its Vietnam debut this December with the opening of the DusitPrincess Moonrise Beach Resort on the country's largest island, Phu Quoc. Read more
 
Hotel Development Thailand
Cachet Hospitality Group Announces Cachet Resort Phuket
 
Cachet Hospitality Group this week announced the signing of a management agreement for Cachet Resort Dewa Phuket, a conversion property owned by R&B Partners Co., Ltd. Read more
 
Hotel Development Wisconsin
Potawatomi To Expand Hotel With Second Tower
Potawatomi To Expand Hotel With Second Tower
 
Project Represents Additional $80 Million Investment In Milwaukee's Menomonee Valley Read more
 
Hotel Development Arkansas
The Waters Hotel In Hot Springs, Arkansas Joins Ascend Hotel Collection
The Waters Hotel In Hot Springs, Arkansas Joins Ascend Hotel Collection
 
The 62-room boutique hotel is centrally located in the Hot Springs Central Avenue Historic District. As the region's name implies, for generations, people have travelled to the hot springs to 'take to the waters'. Today, visitors still enjoy the natural setting at nearby spas, including Quapaw Baths and Spa, a sister property to The Waters. Read more
 

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In Brief...
 

Modular Hotel Construction
HVS Report - Modular Construction: An Evolution in the Development of Modern Hotels - By Susan Furbay

Construction Pipeline U.S.
U.S. Hotel Construction Pipeline Under Contract for April 2017 Up 14.7 Percent over 2016

Construction Pipeline Middle East And Africa
Middle East Hotel Development Pipeline Under Contract Up 2.5 Percent YOY for April 2017

Construction Pipeline Asia Pacific
Asia Pacific Hotel Development Pipeline Under Contract Up 3.8 Percent YOY for April 2017

Construction Pipeline Central/South America
Central/South America Hotel Development Pipeline Under Contract Down 10.6 Percent YOY for April 2017

JMBM's 2016 Meet The Money
Meet the Money 2017 Presentations Now Available for Download! - By Jim Butler

Construction Pipeline Europe
European Hotel Pipeline Under Contract For April 2017 Up 15.3 Percent over 2016

Construction Pipeline Caribbean/Mexico
Caribbean/Mexico Hotel Development Pipeline Under Contract Up 41.6 Percent YOY for April 2017

European Hotel Market Trends
Budget and Luxury Hotels Expected to Give Highest Returns and Best Prospects

Hospitality Assets
HVS Report - Purchase Price Allocations for Hospitality Assets - By Tim Sauer

 
 
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