Kimpton San Antonio Celebrates Its Topping Out on Schedule
Kimpton Hotels & Restaurants | July 20, 2023
The Jamul Indian Village Development Corporation Announces New Hotel Expansion to the Jamul Casino
Jamul Indian Village of California (JIV or Tribe) | May 23, 2023
Development
MGM Resorts’ Joint Venture Signs Implementation Agreement for Integrated Resort in Osaka, Japan
MGM Resorts International | September 28, 2023
Marks Finalization of the Certification Process LAS VEGAS, Sept. 28, 2023 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that Osaka IR Corporation, a joint venture with ORIX Corporation ("ORIX") established to develop the Osaka IR Project, signed an agreement with Osaka Prefecture and Osaka City to implement the Specified Integrated Resort Facilities Area Development Plan for Yumeshima, Osaka. MGM and ORIX, together with Osaka IR Corporation, will contribute to the sustainable growth and development of tourism and the economy of Osaka and the Kansai region, as well as Japan through this fir...
Marriott Continues Midscale Growth With Launch of Four Points Express by Sheraton Brand
marriott international | September 27, 2023
Marriott International, Inc. (Nasdaq: MAR) today announced the launch of Four Points Express by Sheraton, designed for the midscale segment. This new brand is a response to growing consumer demand for reliable yet affordable accommodation in Europe, the Middle East and Africa. Consistent with the company’s approach to meeting the needs of guests with regionally relevant lodging products for every stay purpose, the announcement follows the company’s recent move into the affordable midscale space with City Express by Marriott in the Caribbean and Latin America and the announcement of its plans for StudioRes in the U.S. & Canada. Four ...
Bunkhouse Unveils Plans for Hotel Daphne in Houston, Texas
Bunkhouse | September 27, 2023
Houston, TX (September 27, 2023) – Bunkhouse, the Austin-based hospitality company known for its commitment to design, music, and authentic community-driven experiences, is unveiling today plans for its latest boutique, Hotel Daphne, scheduled to welcome guests in early 2025. This addition marks Bunkhouse's second hotel project in Houston, following the highly anticipated opening of Hotel Saint Augustine in Montrose’s Museum District in the fall of 2024. Centrally located at 347 West 20th Street, Hotel Daphne will be nestled within the historic Houston Heights neighborhood near the bustling 19th Street shopping district, known for its lo...
Navigating the Investment Terrain: Trends in GCC Hotel Development Costs
Hala Matar Choufany | September 26, 2023
By Hala Matar Choufany, Filippo Sona Welcome to the world of hospitality development, where unique developments and unforgettable moments come to life. We are thrilled to introduce you to our latest publication, "Navigating the Investment Terrain: Trends in GCC Hotel Development Costs" where we delve deep into the intricate world of hotel development costs, unveiling the secrets that impact project costs and hotel values. In this joint publication, we outline the main hotel development expenses and recent trends in hotel development and design. Whether you are a seasoned developer, an aspiring hotelier, or simply an enthusiast curious ...
Sonesta Announces Plans for Larimar City & Resort in the Dominican Republic
Sonesta | September 25, 2023
New Multi-use Development to Feature The Royal Sonesta and The James Brands as well as Residences NEWTON, MA [September 25, 2023] – Sonesta International Hotels Corporation (Sonesta) today announced plans for Larimar City & Resort, a new multi-use development that marks the company’s entry in the Dominican Republic. Anchoring this development will be new Royal Sonesta and James hotels, two of Sonesta’s luxury and lifestyle brands. “This development leverages two of our premier brands, The Royal Sonesta and The James, to grow our footprint in Latin America and the Caribbean, which is a strategic priority for Sonesta,” said ...
Bringing New Energy to The Meadowlands in Northern New Jersey
Patricia Shih | September 25, 2023
By Patricia Shih The new Meadowlands Convention Center development has been proposed for the former Izod Center site in the Meadowlands Sports Complex. This major mixed-use project, which has an estimated $1.6-billion development cost, is planned to feature a 460,000-square-foot convention center, a headquarters hotel, and potentially two additional hotels. This proposed development is anticipated to generate roughly $30 billion in spending over a 30-year period. The project must next be reviewed and approved at the state level. Local officials are enthusiastic about this opportunity to reinvigorate the Meadowlands and northern New Jers...
Hilton Signs With Annexum To Develop Two New Hotels in Rotterdam
Hilton | September 25, 2023
Mainport Hotel Rotterdam, Curio Collection by Hilton and DoubleTree by Hilton Rotterdam Centre To join Hilton’s portfolio in the Netherlands ROTTERDAM, Netherlands and MCLEAN, Va. – Hilton (NYSE: HLT) has signed a franchise agreement with Annexum to develop two hotels totalling 480 rooms in Rotterdam. Mainport Hotel Rotterdam, Curio Collection by Hilton and DoubleTree by Hilton Rotterdam Centre are due to open in 2024 following renovations, during which both hotels will remain operational and will be trading as Hilton affiliate hotels. Investment manager Annexum recently acquired the two hotels, which will become the first properties u...
Marriott International Signs Agreement To Open Two Luxury Properties in Trojena, The Mountains of NEOM
Marriott | September 25, 2023
Marriott International, Inc. announced it has signed an agreement with NEOM to open two luxury properties in Trojena, NEOM’s mountain destination located in the north-west region of Saudi Arabia. The agreement includes Saudi Arabia’s first W Hotel, and a JW Marriott property. “We are excited to work with NEOM to develop these two exciting properties in one of the most highly anticipated developments in the world,” said Chadi Hauch, Regional Vice President, Lodging Development, Middle East, Marriott International. “W Hotels continues to redefine the luxury hospitality sector, and NEOM is an ideal fit with its vision centered aroun...
Hyatt Announces Plans for First Hyatt House Hotel in Australia
Hyatt House | September 22, 2023
Ideally located on the doorstep of the Central Business District, Hyatt House South Melbourne will offer guests everything they need for short or long-term stays CHICAGO (September 22, 2023) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into an agreement with an affiliate of Holder East Ltd for a Hyatt House hotel in Melbourne, Australia. Expected to open in 2025, the 97-guestroom Hyatt House South Melbourne will mark the entry of the Hyatt House brand in the country, demonstrating Hyatt’s growth of its select service brands in the Asia Pacific region. Purposely designed for guests seeking ...
Development Launched for Club Med Tinley, the First Club Med Resort in South Africa
Club Med | September 22, 2023
The hospitality landscape in South Africa is about to be redefined with the upcoming launch of Club Med Tinley, the first Club Med resort in the country, with a distinctive combination of beach and safari experiences. This ground-breaking development is a result of a collaborative partnership between the esteemed operators, Club Med, and the Collins Residential Consortium, developers of Club Med Tinley. As the first of its kind in the country, this all-inclusive resort is poised to make contributions to the region, ushering in opportunities for job creation and sustainable growth. Club Med, the renowned pioneer in all-inclusive holidays, ha...
The City of Raleigh, North Carolina Selects Omni Hotels & Resorts for 550-Room Convention Hotel
About the Greater Raleigh Convention and Visitors Bureau (Visit Raleigh): | September 21, 2023
Raleigh, N.C. (Sept. 21, 2023) – The Raleigh City Council voted today to direct the City of Raleigh staff to enter into negotiations with Omni Hotels & Resorts, in partnership with Preston Hollow Community Capital and Provident Resources Group, to develop the highly anticipated convention hotel in the core of downtown Raleigh. The dynamic addition to the Raleigh skyline will be built on an over one-acre lot across from the Raleigh Convention Center and Martin Marietta Center for the Performing Arts at the end of Fayetteville Street. Expected to open in 2027, the Omni Raleigh Hotel will be a great addition to Omni’s growing portfolio o...
Sports Illustrated Resorts and Travel + Leisure Co. Launch the Ultimate Sports-Themed and Active Lifestyle Resort Network in Leading U.S. College Town...
Sports Hospitality Ventures | September 20, 2023
ORLANDO, Fla. (Sept. 20, 2023) – Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, and Sports Hospitality Ventures, LLC, hotel and resorts licensee for the Sports Illustrated brand across North America and the Caribbean, introduced a new concept for a network of future sports-themed resort and lifestyle complexes located in popular college towns near universities with devoted fan bases. Every Sports Illustrated Resorts campus is expected to feature a full-service hotel, a vacation club, and residential condominiums – all of which will share a unique, cohesive design that immerses guests and ...
Hyatt Plans Growth in Luxury and Lifestyle Brand Footprint With a Development Pipeline of More Than 30 Planned Hotels and Resorts in the Americas Regi...
Hyatt | September 19, 2023
CHICAGO (September 19, 2023) – Hyatt Hotels Corporation (NYSE: H) continues to strategically grow its luxury and lifestyle brand footprint with a strong development pipeline of more than 30 planned hotels and resorts in the Americas region through 2025, including the expansion of Hyatt brands into new markets. Over the last five years, globally, Hyatt has doubled its number of luxury rooms, tripled the number of resort rooms, and quadrupled the number of lifestyle rooms – and the momentum continues. Hyatt is the fastest growing luxury portfolio, with luxury, lifestyle, and resort hotels now making up over 40% of Hyatt's portfolio, rein...
Ennismore To Open Second Mama Shelter in Los Angeles With the Signing of New Property
ENNISMORE | September 19, 2023
Ennismore, the fastest-growing lifestyle hospitality company, and partner Shivom LLC, today announced the signing of Mama Shelter Downtown LA, set to open in 2026. The second Mama Shelter hotel in the city comes following the success of Mama Shelter LA, which opened in May 2015 in Hollywood. Transforming the existing Mart South Building in Downtown LA, the new Mama Shelter will boast 149 keys, including 145 standard rooms and four suites in Mama’s signature sassy and flamboyant style. A haven for people of all ages, Mama Shelter Downtown LA will offer three festive F&B outlets to party and play with an all-day dining restaurant and ...
Hyatt Adds Hotels in New Markets with Hyatt Place and Hyatt House Openings Across the U.S.
hyatt place | September 18, 2023
CHICAGO--Hyatt Hotels Corporation (NYSE: H) announced today the continued strategic growth of the Hyatt Place and Hyatt House brands throughout 2023. This growth includes expanding the brand’s footprint in the U.S. in new markets where there are no Hyatt hotels and the thoughtful expansion of airport locations in key markets. Today’s news comes on the heels of Hyatt announcing significant progress in the development of the Hyatt Studios brand, the latest select service brand in the Hyatt portfolio, including executed franchise agreements for the first locations in Mobile, Ala. and Marysville, Calif., emphasizing Hyatt’s strategy of ...
New Data Shows Investment Returning to Global Tourism Sector
UNWTO | September 14, 2023
Investment in the global tourism cluster has started to bounce back from the lows it touched during the pandemic off the back of the steady recovery of international tourist arrivals, according to a newly released report jointly produced by UNWTO and fDi Intelligence. The report, which is based on data from fDi Markets, fDi Intelligence's proprietary database of greenfield FDI projects, as well as international tourism data from UNWTO, provides a broad overview of the ongoing investment cycle in the tourism sector, breaking down investment figures by region, segments and companies. Key findings include: Both FDI project numbers and job ...
Marriott Partners With AlUla Development Company to Bring an Autograph Collection Property to Saudi Arabia
Autograph Collection Hotels | September 14, 2023
Marriott International, Inc. has announced it has signed an agreement with AlUla Development Company (UDC), fully owned by the Public Investment Fund (PIF), to open an Autograph Collection property in Saudi Arabia. Expected to open in 2025, the hotel will be located in the heart of downtown AlUla. Located in northwest Saudi Arabia, AlUla is a popular travel destination offering adventure and exploration. The vast area offers a lush oasis valley, towering sandstone mountains, historical dwellings, and ancient cultural heritage sites dating back thousands of years. “We are delighted to work with AlUla Development Company to bring Autogr...
Marriott International Signs Agreement With Pt. Pakuwon Jati Tbk. to Build Three Properties in Indonesia’s New Capital City
Marriott International, Inc. | September 13, 2023
The signing marks Pakuwon Jati and Marriott International’s expected entry in Ibu Kota Nusantara Marriott International, Inc. announced it has signed a Hotel Management Agreement with Indonesian real estate developer, PT. Pakuwon Jati Tbk. to open three properties in Indonesia’s new capital city, Ibu Kota Negara Nusantara. The multi-deal agreement was signed by President and CEO of Marriott International Anthony Capuano and President Commissioner of PT. Pakuwon Jati Tbk. Alexander Tedja. “We are thrilled to be working with PT. Pakuwon Jati Tbk. on this landmark agreement,” said Ramesh Jackson, Area Vice President, Indonesia and M...
Four Seasons and Cisneros Real Estate to Develop New Luxury Resort and Residences in the Dominican Republic
CISNEROS REAL ESTATE | September 12, 2023
Four Seasons and Cisneros Real Estate (Cisneros) announce plans for the development of Four Seasons Resort and Residences Dominican Republic at Tropicalia, a sustainable luxury destination located on a 60-acre (24 hectare) site along the pristine beachfront of Playa Esmeralda in northeastern Dominican Republic, along the southern shores of Samaná Bay. The project will combine the globally renowned hospitality and service of Four Seasons and Cisneros’ decades of business and investment in the Dominican Republic, Latin America and the United States. With construction underway, the project is slated to open in early 2026. Featuring a tro...
Hyatt Signs With Hotel Properties of Panama to Expand Footprint in Panama
Hyatt Regency | September 12, 2023
Expected to open in summer 2024, Hyatt Regency Panama City will help Hyatt grow its brand in a bustling leisure and business travel market CHICAGO (September 12, 2023) – Hyatt Hotels Corporation (NYSE:H) in collaboration with Hotel Properties of Panama Inc., today announced the planned expansion of the Hyatt Regency brand in the Latin America & Caribbean region with Hyatt Regency Panama City, expected to open in summer 2024. Hyatt Regency Panama City will be the first Hyatt Regency hotel in Panama City and the third Hyatt hotel in Panama. Perfectly situated for business and leisure travelers, the hotel will be in the heart of Pana...
Waterton Launches Outbound Hotels Brand
Outbound Hotels | September 12, 2023
CHICAGO (September 12, 2023) —Waterton, a Chicago-based national real estate investor and operator, announced the official launch of its new Outbound Hotels brand, a collection of locally-minded hotels offering differentiated lodging options for lifestyle travelers seeking outdoor-inspired experiences in boutique settings. From Yosemite National Park and Jackson Hole, WY to the vistas of Mammoth Lakes, CA and the bucolic Green Mountains of Vermont, every Outbound Hotels-branded property gives visitors a curated connection to the outdoors. “Outbound Hotels expands the traditional hospitality model,” said David Schwartz, CEO and chair...
Club Med Signs Exclusive Partnership Agreement With Paradise Indonesia
Club Med | September 7, 2023
Jakarta, 7 September 2023 – A Memorandum of Understanding (MoU) was signed between PT. Indonesian Paradise Property Tbk. (“Paradise Indonesia”) and Vacances (s) Pte. Ltd. ("Club Med"). The signing was made between Mr. Anthony Prabowo Susilo, President Director & CEO of PT Indonesian Paradise Property Tbk, and Ms.Rachael Harding, CEO of East and South Asia & Pacific Markets at Club Med. The signing ceremony was held at Residence OnFive, Grand Hyatt Jakarta, one of Paradise Indonesia’s business units. According to the MoU, Paradise Indonesia and Club Med are entering into a mutually exclusive partnership for the development of...
LivAway Suites Breaks Ground on Two Properties in Washington and Montana
LIVAWAY SUITES | September 6, 2023
The developer-centric economy extended-stay hotel chain breaks ground on two more sites within first six months of brand launch Sept. 6, 2023 — LivAway Suites™, the rapidly expanding premium economy extended-stay hotel brand, has broken ground on two more properties, located in Richland, WA, at 1289 Tapteal Drive, and Missoula, MT at 3455 W Broadway Street. Both locations are expected to open in 2024. Richland and Missoula are the third and fourth groundbreakings so far this year in the brand's rapidly growing portfolio. "Notwithstanding the latest tightening in the credit markets, our plan is to continue developing LivAwa...
Construction Underway on Peppers Gladstone, Central Queensland’s First Five-Star Hotel
Accor | September 6, 2023
CONSTRUCTION COMMENCES ON CENTRAL QUEENSLAND’S FIRST FIVE-STAR HOTEL Accor, the largest hotel operator in Australia and New Zealand, together with Yaralla Sports Club are delighted to announce that construction has commenced on Peppers Gladstone - the region's first five-star hotel. Anticipated to open its doors to guests in mid-2024, Peppers Gladstone promises an unparalleled level of luxury and comfort that will redefine the hospitality landscape in Central Queensland. The hotel marks a significant milestone for Accor as it merges the prestigious 32-room Peppers Gladstone with the stylish 60-room Mantra Gladstone under one roof i...
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