Hotel Development News
June, 6 2017
 
 
 
Hotel Transaction South Carolina
Lodging Partners Arranges Sale of Quality Inn & Suites Myrtle Beach South Carolina
Lodging Partners Arranges Sale of Quality Inn & Suites Myrtle Beach South Carolina
 
Ford C. Barton, Principal of Lodging Partners, LLC, has arranged the sale of the Quality Inn & Suites, Myrtle Beach, South Carolina. The 66-room, two-story hotel was purchased by a regional hotel investor for the $2,975,000 asking price. Read more
 
Hotel Development Spain
Riu Purchases the 'Edificio España' Building in Madrid
Riu Purchases the 'Edificio Espaņa' Building in Madrid
 
The hotel chain has reached an agreement with the Baraka Group to buy 100% of the building where it will open its first urban hotel in Spain Read more
 
Hotel Portfolio Transaction
American Hotel Income Properties REIT LP to Acquire 18 Hotel Northeastern U.S. Portfolio for US$407.4 Million
 
American Hotel Income Properties REIT LP (TSX:HOT.UN)(OTCQX:AHOTF) announced today that it has agreed to acquire through its subsidiaries a geographically targeted portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania for approximately US$407.4 million, including brand-mandated property improvement plans. Read more
 
Interstate Asia Investment Group
Interstate Hotels & Resorts Develops Asia Practice Group
 
Interstate Hotels & Resorts announces the launch of the Asia Investment Group, becoming the leading Asia practice team with dedicated resources to deliver exceptional hotel management services to Asian owners seeking to invest in hotels in the U.S and Europe. Read more
 
Hotel Development Iowa
Hilton Des Moines Downtown Hotel Celebrates Topping Out
Hilton Des Moines Downtown Hotel Celebrates Topping Out
 
Exterior finishes for the 330-room hotel are now visible and the interior will soon follow after the construction project’s official topping out celebration was held today. Read more
 
Hotel Development Oregon
Hi-Lo Hotel in Portland Joins Autograph Collection
Hi-Lo Hotel in Portland Joins Autograph Collection
 
Built in 1910, the Oregon Pioneer Building – originally named The Railway Express Building – was the city's iconic first concrete building, which became known as Project Cinderella when it was revived in 1962, serving as a catalyst to restore historic buildings in downtown. Read more
 
Hotel Opening California
Cambria Hotels Expands to Napa, California
 
Choice Hotels International, Inc. (NYSE: CHH has signed an agreement with franchise partner Stratus Development Partners, LLC of Newport Beach, CA, to develop a new Cambria Hotel in Napa, California. The four-story, 90-room Cambria property will be located at 320 Soscol Avenue and the main thoroughfare into downtown Napa, the Silverado Trail and Napa Valley. Read more
 
Fareed & Cummings LLC
John Fareed Hospitality Consulting and Hotel & Club Associates of Virginia Merge to Form Fareed & Cummings
 
John Fareed Hospitality Consulting LLC and Hotel & Club Associates of Virginia have merged to form hospitality advisory firm Fareed & Cummings LLC, according to principals John Fareed and Michael Cummings. The new company has joined Horwath HTL, the world’s largest and most experienced hospitality-consulting brand with forty-five offices in thirty-nine countries. Read more
 
Hotel Development California
Viejas Casino & Resort Hosts Topping Off Ceremony For Resort Expansion
Viejas Casino & Resort Hosts Topping Off Ceremony For Resort Expansion
 
Expansion includes an adult-only all-suite tower that will feature an additional 159 suites, a lush new saltwater pool, two new restaurant concepts with global cuisine, a luxurious hotel spa, salon, and fitness center Read more
 

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In Brief...
 


Marriott Development Update
Marriott International Embarks on Global Independent Hotel Expansion

Cambria Hotels AmericInn Development Update
Cambria Hotels Surpasses 100 Hotels Open and in the Pipeline

Extended Stay America Franchising
Extended Stay America Launches First Ever Franchising Program

Hotel Development New Mexico
Auberge Resorts Collection To Manage 300 Acre Bishop's Lodge in Santa Fe

Hotel Portfolio Transaction
Summit Hotel Properties to Acquire 5 Hotel Portfolio from Xenia Hotels For $163 Million

 
 
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