hotel development
IHG Hotels & Resorts Expands Premium Portfolio in India With Signing of Crowne Plaza Dehradun Rajpur Road
IHG | April 18, 2024
Set in the Himalayas, the newly built hotel marks the debut of Crowne Plaza brand in the state of Uttarakhand India, 18 April, 2024: IHG®Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with IVY Hotels & Resorts to bring the first Crowne Plaza hotel to Uttarakhand. Scheduled to open in April 2028, Crowne Plaza Dehradun Rajpur Road hotel will add 110 keys to IHG’s portfolio in the state and build on IHG's commitment to expand its portfolio in well-known leisure destinations across the country. Set in Dehradun, the capital of Uttarakhand and a notable leisure d...
Nobu Hospitality and VCRE To Launch Nobu Hotel and Restaurant Ho Chi Minh in 2026
Nobu Hospitality | April 18, 2024
NEW YORK, April 18, 2024 – In an ongoing collaboration with Viet Capital Real Estate (VCRE) and Nobu Hospitality, the leading luxury lifestyle and iconic hotel, dining, and residence brand, announces the upcoming Nobu Hotel and Restaurant Ho Chi Minh. This marks the brand’s 40th hotel and second opening in Vietnam, following the announcement of Nobu Hotel, Restaurant, and Residences Danang - the first Nobu residential project in Southeast Asia. Positioned in the heart of Ho Chi Minh’s historic District 1, Nobu Ho Chi Minh Hotel and Restaurant connects directly to prominent landmarks, shopping, dining and entertainment complexes of...
Hilton Expands Guadalajara Portfolio With Signing of Canopy by Hilton Guadalajara
Hilton | April 17, 2024
Expected to open in 2028, the hotel will join Hilton’s portfolio of more than 90 hotels in Mexico and continue to strengthen its presence in the growing city of Guadalajara MCLEAN, Va. and GUADALAJARA, Mexico – Today Hilton (NYSE: HLT) has announced the signing of Canopy by Hilton Guadalajara, reinforcing the company’s rapid expansion in Mexico, where it boasts a robust portfolio of more than 90 hotels with an additional 30 projects in development. Signed on the heels of the recently opened Hilton Garden Inn Guadalajara Airport and expected to open in 2028, the new-build, 170-room hotel will boost Hilton’s presence in Guadalaj...
IHG Signs With Felix Capital to Develop Holiday Inn & Suites Caloundra Sunshine Coast in Queensland
IHG | April 17, 2024
17 April 2024: IHG Hotels & Resorts (IHG) is delighted to announce the signing of the second Holiday Inn & Suites in Australasia, partnering for the first time with Felix Capital to open Holiday Inn & Suites Caloundra Sunshine Coast in early 2028. Overlooking the pristine beaches and picturesque coastal town of Caloundra, this new hotel will form part of a mixed-use development in the heart of the Sunshine Coast. The striking 160-room hotel will include 33 suites and feature all the Holiday Inn brand hallmarks including an open lobby, all-day dining restaurant and lobby cafe, meeting spaces, a well-equipped fitness centre, ...
Bruce Smith Enterprise and The Cordish Companies Partner to Codevelop $1.4B Live! Gaming & Entertainment District in Petersburg, Virginia
The Cordish Companies | April 17, 2024
Live! Gaming & Entertainment District, Anchored by Live! Casino & Hotel Virginia, Will Set a New Standard for Development in the Commonwealth, Create Thousands of Jobs, Increase Tourism and Generate Billions in Economic Benefits Plans for the Proposed Project Include Quickly Opening an Initial First Phase Casino to Immediately Begin Creating Jobs, Vendor Opportunities and Economic Benefits for the City Joint Venture Represents a First-of-its-Kind Development Partnership in the Gaming & Entertainment Industry Petersburg, Va. (April 17, 2024) – Bruce Smith Enterprise and The Cordish Companies have responded to a request for p...
Jackson-Shaw and Holualoa Companies to Develop 274-Key Dual-Branded Marriott and Westin Hotel in North Phoenix
Jackson-Shaw | April 16, 2024
AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra expected to break ground in May 2024 and open late 2025 PHOENIX, ARIZONA (April 16, 2024) – North Texas developer Jackson-Shaw and Tucson-based Holualoa Companies announce the development of dual-branded AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra. The two hotels connected under one roof are located close to the Shops at Norterra at 25100 North 22nd Lane, Phoenix, Arizona 85085, near the northeast corner of West Happy Valley Road and Norterra Parkway. The property is expected to break ground in ...
U.S. Hotel Construction Activity Rose in March, First Increase in Nine Months
CoStar Group | April 16, 2024
WASHINGTON – 16 April 2024 – The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. U.S. Hotel Pipeline March 2024 (percentage change from March 2023) In construction: 156,525 rooms (+1.5%) Final Planning: 263,316 rooms (+9.8%) Planning: 324,522 rooms (+39.5%) “While the number of rooms in construction has grown, that figure remains below what was seen prior to the pandemic,” said Isaac Collazo, STR’s VP, a...
Hotel Pipeline Activity Down Globally, Except in The Americas
CoStar Group | April 15, 2024
WASHINGTON – 15 April 2024 – The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. March 2024 (% change in comparison with March 2023): Europe In construction: 172,499 rooms (-6.8%) Final Planning: 99,744 rooms (-25.3%) Planning: 160,404 rooms (+3.1%) Total Under Contract: 432,647 rooms (-8.8%) Among countries in the region, Germany (28,500) led in construction activity, closely fo...
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