Hotel Development News
November, 30 2017
 
 
 
Carlson Rezidor Hotel Group Signs 12 New Hotels in India
 
Carlson Rezidor Hotel Group Signs 12 New Hotels in India
 
The new hotel signings are focused across Carlson Rezidor's brands Radisson Blu, Radisson, Park Plaza, Park Inn by Radisson and Country Inns & Suites By Carlson. Read More
 
Hotel Development Brazil
Brazil Hospitality Group (BHG) Launches Partnership with AccorHotels
Brazil Hospitality Group (BHG) Launches Partnership with AccorHotels
 
Brazil Hospitality Group (BHG) announced today the beginning of its partnership with AccorHotels, which will manage 17 of BHG’s owned hotels. AccorHotels also acquired LEBSPE Ltda from BHG, a company that manages The Capital São Paulo Itaim and Grand Plaza São Paulo Jardins hotels, in São Paulo; Soft Inn São Luis, in Maranhão; and Presidente Uberlândia Hotel, in Minas Gerais. Read more
 
Hotel Development Texas
WaterWalk Breaks Ground in Richardson, Texas
WaterWalk Breaks Ground in Richardson, Texas
 
WaterWalk, Jack DeBoer’s fifth national brand, announced today the groundbreaking of its third property at 2210 North Glenville Drive in Richardson, Texas. This is the second WaterWalk franchise property sponsored by MBC Partners who opened their first WaterWalk franchise property in Centennial, Colorado in September of this year. Read more
 
Hotel Development Japan
Hotel Indigo Hakone Gora Is Scheduled to Open In 2019
Hotel Indigo Hakone Gora Is Scheduled to Open In 2019
 
Represents first Hotel in Japan for the brand Read more
 
Hotel Development India
IHG Expands Holiday Inn Express in India Portfolio By 2,000 Rooms
 
IHG (InterContinental Hotels Group) has partnered with SAMHI to rebrand approximately 2000 rooms (operating and under construction) within its India hotel portfolio, to Holiday Inn Express hotels. Read more
 
Hotel Development Arizona
Former Hilton Suites Phoenix Converted to Embassy Suites by Hilton Phoenix Downtown North
Former Hilton Suites Phoenix Converted to Embassy Suites by Hilton Phoenix Downtown North
 
Hospitality Ventures Management Group (HVMG) today announced the completed conversion of the former Hilton Phoenix Suites to the 242-suite Embassy Suites by Hilton Phoenix Downtown North. HVMG, which purchased the hotel in 2016 as part of a joint venture, will continue to operate the property. Read more
 
Hotel Transaction Hungary
Sofitel Budapest Chain Bridge Hotel Sold to Starwood Capital
Sofitel Budapest Chain Bridge Hotel Sold to Starwood Capital
 
Starwood Capital Group announced today that it has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group, the leading hotel operator in Eastern Europe. Read more
 
Emaar Hospitality Group Development Update
Emaar Hospitality Group Reaches Milestone of 10,000 Hotel Rooms
Emaar Hospitality Group Reaches Milestone of 10,000 Hotel Rooms
 
Emaar Hospitality Group has achieved a milestone of 10,000 hotel rooms across its 11 operational hotels and 30 upcoming projects. Of these, over 2,500 are operational at the Group's 11 hotels in Dubaiwhile over 7,500 rooms are under development in the UAE, Saudi Arabia, Bahrain, Egypt, Turkey and the Maldives. Read more
 
Hotel Portfolio Transaction
Summit Hotel Properties Completes $164 Million, 4-Hotel Portfolio Acquisition
Courtyard New Haven at Yale
 
Summit Hotel Properties, Inc. (NYSE: INN) yesterday announced that it has completed the acquisition of four hotels with a combined total of 652 guestrooms for an aggregate purchase price of $164 million, or approximately $252,000 per key. Read more
 

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In Brief...
 


Hotel Development Kentucky
Dual-Branded Hotel Development Announced for Whiskey Row in Louisville

Hotel Portfolio Transaction
Excel Group Sells Four Hotels in Florida for $58.4 Million

Hotel Development Panama
Another Trump Hotel Wants Out - Travel Pulse

Hotel Development Australia
Holiday Inn Melbourne Werribee Annouced for 2020

Hotel Transaction New Mexico
The Siegel Group Acquires 244 Unit Hotel Property Located in Albuquerque, New Mexico

Hotel Transaction Pennsylvania
Hilton Garden Inn Allentown West in Allentown PA Sold for $15.0 Million

IHG Development Update China
IHG Extends Franchise Model to Crowne Plaza and Holiday Inn Brands in China

 
 
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