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| Hotel Development U.K. |
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| Following an extensive £4.5m refurbishment the hotel will trade as DoubleTree by Hilton Cheltenham in March 2017. Situated in Charlton Kings, the property will become the first hotel in the Hilton portfolio of brands to open in Cheltenham. Read more |
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| Hotel Transaction Oregon |
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| Joseph P. Kennedy, president of Crystal Investment Property, exclusively represented the Seller in the sale of the Trollers Lodge located in Depoe Bay, Oregon. The new owner is planning capital improvements including renovation of the owners’ quarters and possibly construction of additional rooms. Read more |
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| Hotel Development California |
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| Opened in 1960 as the Erawan Garden, the resort operates one of the nation’s most acclaimed spas and treatment facilities. Approaching an extensive multi-million dollar renovation, the 12,000-square-foot Well Spa will offer award-winning services in an intimate environment, and features 13 treatment rooms, seasonal offerings and a courtyard with two private salt water pools. Read more |
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| Hotel Transaction Manhattan |
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| The sale price of $217.5 million reflects a 19.9x EBITDA multiple and a 4.1% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s 2016 projected operating performance. Read more |
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| Hotel Portfolio Transaction |
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| AccorHotels announced that it has successfully reached agreement with a wholly-owned subsidiary of the Abu Dhabi Investment Authority to restructure a portfolio of 31 hotels (4,097 rooms) in Australia. Read more |
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| Hotel Development Puerto Rico |
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| After Multi-Million-Dollar Renovation El San Juan Hotel is Set to Open in February 2017 Read more |
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| Rotana Hotels Development Update |
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| 2 new Rotana properties - including 6 five-star hotels - to open in Dubai, Abu Dhabi and Ras Al Khaimah within the next four years - USD 1.7 billion estimated total value of new hotels under its management Read more |
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| Hotel Development Texas |
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| Miraval Group today announced it has acquired the 220-acre Travaasa Austin Resort in the Hill Country of Texas, which it will redevelop and expand into a 120-room destination wellness resort, its first in Texas and the South. Read more |
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