New Hotel to Rise in Los Angeles’ Miracle Mile
CGI+ Real Estate Investment Strategies | October 19, 2021
Hilton Signs With Shimao Group Holdings to Launch Four Luxury Hotels in China
Hilton | April 30, 2021
Development
New Hotel to Rise in Los Angeles’ Miracle Mile
CGI+ Real Estate Investment Strategies | October 19, 2021
The transit-oriented development will bring first institutional-quality hotel to the area Woodland Hills, CA (October 19, 2021) -- CGI+ Real Estate Strategies has received full entitlements and will begin development on a major hotel/multifamily/retail multi-use project at the intersection of Wilshire Boulevard and La Brea Avenue in Los Angeles’s Miracle Mile District. The transit-oriented development at 639 S. La Brea, which takes up nearly half a city block along the west side of La Brea, is immediately adjacent to Metro’s Wilshire/La Brea subway station now under construction. The eight-story development is the result of nearly...
Deutsche Hospitality and the Porsche Design Group Launch Unique Hotel Concept
Steigenberger Porsche Design Hotels | October 15, 2021
Zeitgeist, Design and Service Excellence Deutsche Hospitality and the Porsche Design Group are joining forces to present the Steigenberger Porsche Design Hotels brand, an innovative hotel concept in the Luxury Lifestyle Segment. Steigenberger Porsche Design Hotels will bring together design, technology and lifestyle at the very highest level. The result will be a unique brand experience created from the design philosophy and values of the exclusive Porsche Design lifestyle brand. This will be combined with the excellence and experience of Steigenberger, which boasts a representative tradition stretching back for more than 90 years. Invest...
Olympics Impact on Hotel Development
STR | October 14, 2021
Every industry experiences change, growth and evolution over time. The tourism and hospitality sectors are no exception, especially when major events come to town. In a previous article, we analyzed UEFA Euro 2020’s impact on hotel inventory and how landing a major event is like “hitting the jackpot” with a significant influx of visitors needing accommodation for a specified time period. Most of the time, hosting a “mega event” means opportunity to ensure the accommodation infrastructure can support the event. With that in mind, we took a look at how hotel supply has grown around the Summer Olympics during the past two decade...
Marriott International Signs Agreement With Hotéis Deville to Debut Westin Hotels & Resorts in Brazil
Marriott International | October 14, 2021
Marriott International, Inc. today announced it has signed a franchise agreement with Hotéis Deville to introduce the first Westin Hotels & Resorts in São Paulo, Brazil. Slated to feature 187-rooms and suites, the property expects to welcome its first guests in the spring of 2024. “We are delighted to announce this exciting new-build project in a prime location within the city to be developed by Hotéis Deville,” said Laurent de Kousemaeker, Chief Development Officer, Caribbean and Latin America, Marriott International. “São Paulo is a key South American gateway city with great opportunity for new quality branded upper...
IHG Hotels & Resorts Signs With Yongchang Industry Co. for voco Gangnam
IHG Hotels & Resorts | October 13, 2021
IHG Hotels & Resorts is proud to announce the signing of voco Gangnam. The 151-key hotel – scheduled to open in Q2 2022 – is the second voco property IHG has signed in South Korea this year, following voco Pyeongtaek City. voco Gangnam will be the first voco to open and it further supplements a portfolio of nine hotels in the country which strongly reinforces the company’s continued expansion in South East Asia & Korea. voco Gangnam is perfectly located at the heart of Seoul’s energetic Gangnam district – one of its main tourist areas and economic hubs, renowned for its trendy restaurants, upscale and designer-brand sh...
Loews Hotels & Co Breaks Ground on New $550 Million Loews Arlington Hotel and Convention Center
Loews Hotels & Co | October 12, 2021
ARLINGTON, Texas – October 12, 2021 – Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation, has officially broken ground on the new $550 million Loews Arlington Hotel and Convention Center. Executives from the company were joined by Arlington Mayor Jim Ross, former Mayor Jeff Williams, Chairman & Managing Partner of the Texas Rangers Ray Davis, The Cordish Companies' Director of Communications, Cari Furman, along with members of the Arlington City Council and other community and business leaders, to recognize and celebrate this milestone. The addition of the Loews Arlington Hotel and Convention Center, a fu...
IHG Signs With Pelligra Group for Hotel Conversion to Holiday Inn Dandenong
IHG Hotels & Resorts | October 11, 2021
IHG Hotels & Resorts is excited to be continuing its push into suburban and regional Victoria with the signing of Holiday Inn Dandenong with hotel owners, the Pelligra Group. This will be IHG’s fifth hotel with the Pelligra Group, making them one of IHG's largest owners in Australasia. It signifies the continued, successful partnership between the two groups, building on other open or signed hotels which include Holiday Inn Melbourne Airport, the newly opened Holiday Inn Werribee, and upcoming Holiday Inn Melbourne Richmond and Crowne Plaza Melbourne Carlton. Formerly the Ramada Encore by Wyndham Dandenong, the hotel will undergo ...
Hyatt and EuroAtlantic Announce Plans for Hyatt Place Düsseldorf Mercedesstrasse at Tadao Ando Campus & Tower
Hyatt Hotels Corporation | October 7, 2021
MUNICH – October 7, 2021 – Hyatt announced today that a Hyatt affiliate has entered into a franchise agreement with EuroAtlantic Group for Hyatt Place Düsseldorf Mercedesstrasse at Tadao Ando Campus & Tower. The hotel will mark the second Hyatt Place hotel in Germany, joining Hyatt Place Frankfurt Airport. Together with Hyatt House Frankfurt Eschborn, Hyatt’s select service brands continue a strong growth trajectory across Germany and Europe, expanding in markets that matter most to guests and World of Hyatt members. Slated to open in 2024, the 300-room hotel will feature the Hyatt Place brand’s intuitive design, approach...
Wyndham Unveils All-Inclusive Resort Brand – Wyndham Alltra – Through New Strategic Alliance With Playa Hotels & Resorts
Playa Hotels & Resorts N.V. | October 6, 2021
Wyndham's 22nd Brand Debuts with Two Beachfront Resorts in Cancun and Playa Del Carmen, with More Resorts to Follow PARSIPPANY, N.J., Oct. 6, 2021 -- Wyndham Hotels & Resorts (NYSE: WH), the world's largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, and Playa Hotels & Resorts (NYSE: PLYA), a leading owner, operator and developer of all-inclusive resorts in popular vacation destination in Mexico and the Caribbean, announced today the launch of a new all-inclusive resort brand, Wyndham Alltra. The announcement marks Wyndham's 22nd brand and its first dedicated entirely to the fast-growing,...
Lightstone Celebrates Topping Out of Two Additional New York City Marriott Moxy Hotels, Moxy Lower East Side and Moxy Williamsburg
Lightstone | September 30, 2021
NEW YORK, NY – September 30, 2021 – National real estate investor and developer Lightstone today announced the topping out of construction of two Moxy hotels in New York City. Moxy Lower East Side and Moxy Williamsburg, set to open in late 2022, add to Lightstone’s growing hospitality portfolio, which includes four open Moxy hotels: Moxy Times Square, Moxy Chelsea, and Moxy East Village in New York, and Moxy South Beach in Miami. Located at 145 Bowery Street, between Grand Street and Broome Street, Moxy Lower East Side reached its pinnacle at 18 stories. Moxy Williamsburg, located at 353 Bedford Ave, between 4th Street and 5th Stree...
IHG Expands in Coastal France With Five New Properties
IHG Hotels & Resorts | September 29, 2021
IHG Hotels & Resorts, one of the world’s leading hotel companies, is expanding its presence in one of its primary markets of France, with four new hotel signings and an exciting opening. Situated on France’s charismatic coastline, the five-strong collection of new properties bring three of IHG Hotels & Resorts’ brands to the region for the first time, including Staybridge Suites, Holiday Inn Express, Crowne Plaza and Hotel Indigo. Expansion is a key strategic growth driver for IHG, and the new signings in Cannes, Cagnes-sur-Mer, Arachon-La Teste and Marseilles further cement the company’s presence in continental Europe acro...
Marriott International Plans to Expand Footprint in South Asia With 22 New Signings in the Past 18 Months
Marriott International | September 29, 2021
Leading with rooms in the region, company expects to add more than 2,700 rooms to its portfolio MUMBAI, INDIA — September 29, 2021 — On the heels of the 16th Hotel Investment Conference - South Asia (HICSA 2021), Marriott International today announced it has signed 22 new hotel agreements in South Asia – comprising India, Bhutan, Bangladesh, Sri Lanka, Maldives and Nepal – in the past 18 months, expecting to add more than 2,700 rooms to its fast-growing portfolio. Marriott International currently is the hotel chain with the largest number of rooms in the South Asia region and expects to continue its solid growth with these new signi...
MGM Resorts Selected by Osaka as Integrated Resort Partner
MGM RESORTS INTERNATIONAL | September 29, 2021
LAS VEGAS, NV – September 29, 2021 – MGM Resorts International today announced that MGM Japan, together with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner. Osaka's selection of the MGM-ORIX consortium marks an important step in MGM's long-term bid to develop one of Japan's first integrated resorts. Details of the proposed approximately $10 billion development were also unveiled, showcasing MGM's vision to bring a world-class resort experience to Osaka that is designed to transform the region into one of the world's top entertainment and hospitality destinations and that ...
JMBM Is Hotel Counsel for Condor Hospitality in $305 Million Hotel Portfolio Sale
Global Hospitality Group® | September 29, 2021
LOS ANGELES, CA – September 29, 2021 – The Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce its representation of Condor Hospitality Trust in the sale of the company's entire portfolio to Blackstone Real Estate Partners. The $305 million deal was announced September 23, 2021 and is expected to close by the end of the year. Condor Hospitality Trust (NYSE American:CDOR) is a publicly-traded real estate investment trust specializing in the ownership of premium-branded select-service, extended stay, and limited-service hotels franchised under brands including Hilton, Marriott, and IHG. J...
Hilton Launches Large-Scale Franchise Model in Asia Pacific
Hilton | September 28, 2021
SINGAPORE – 28 September 2021 –Hilton, the fastest growing hotel company in Asia Pacific and a recognized global leader in franchising, today announced the launch of its large-scale franchise model in China. The business model will allow independent hotel owners in China to benefit from Hilton’s innovative commercial strategies and extensive support network, as the company welcomes investors and owners to explore franchising opportunities with its award-winning upscale focused-service brand, Hilton Garden Inn. Alan Watts, president, Asia Pacific, Hilton, said, "As a leading global hospitality company with over 100 years of expe...
Choice’s Ascend Hotel Collection Adds Four Properties to Portfolio
Ascend Hotel Collection | September 27, 2021
ROCKVILLE, MD – September 27, 2021 – Choice Hotels International, Inc.'s Ascend Hotel Collection recently added four properties to its global portfolio of independent resort, boutique and historic hotels: Haywood Park Hotel in Downtown Asheville, North Carolina; Elevate Hotel at Sierra Blanca Ruidoso in Ruidoso, New Mexico; The Inn at Leonardtown in Leonardtown, Maryland and The Leo Collection Detroit in Lincoln Park, Michigan. These new additions offer guests the chance to experience one-of-a-kind hotels and resorts and explore the great outdoors with lake, bay, and mountain getaways. "As guests continue to retu...
Oxford Capital Group and Hunter Pasteur to Break Ground on The Godfrey Hotel Detroit
Oxford Capital Group, LLC and Oxford Hotels & Resorts, LLC | September 27, 2021
DETROIT, MI — September 27, 2021 — Oxford Capital Group and Hunter Pasteur will break ground this week on The Godfrey Hotel Detroit in historic Corktown, bringing a 227-room, lifestyle brand hotel with first-class amenities, as well as hundreds of jobs, with many going to Detroit residents. The property, at 1401 Michigan Ave. between Trumbull and Eighth Street, is scheduled to open in 2023. Oxford’s wholly owned management affiliate, Oxford Hotels & Resorts, LLC, will manage the property. The 227-room, seven-story hotel will feature I|O, Detroit’s largest indoor/outdoor rooftop lounge with expansive views of downtown Detroit and...
IHG Hotels & Resorts and Long-Term Partner PT Hotel Dago Pakar Bringing Hotel Indigo to Bandung, Indonesia
IHG Hotels & Resorts | September 27, 2021
IHG Hotels & Resorts and PT Hotel Dago Pakar are proud to extend their partnership in Indonesia with a second hotel – Hotel Indigo Bandung Dago Pakar – following the success of InterContinental Bandung Dago Pakar. Scheduled to open in 2024, the 275-room Hotel Indigo Bandung Dago Pakar will be located in the prestigious Dago neighbourhood, in the northern region of Bandung. As with every Hotel Indigo property, it will draw on the story of its local area to inspire all aspects of its design, décor and service style. Every detail, from the warmth of the welcome guests receive to the dishes served in the restaurants, create a highl...
Condor Hospitality Trust Enters Agreement to Sell Hotels to Blackstone Real Estate
Condor Hospitality Trust, Inc. | September 23, 2021
NORFOLK, Neb. – September 23, 2021 – Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”) announced today that it has entered into an agreement with affiliates of Blackstone Real Estate Partners to sell its entire portfolio of hotels in a $305 million transaction. This is an all cash transaction without the assumption of any existing debt. Completion of the transaction, which is expected to occur in the fourth quarter of 2021, is subject to customary closing conditions, including the approval of the Company’s shareholders. Bill Blackham C.E.O. stated " We believe that this is an extremely attractive transaction ...
Bedford Lodging Breaks Ground on The Hoffmann Hotel in Colorado’s Roaring Fork Valley
| September 22, 2021
DALLAS, TX — September 22, 2021 — Bedford Lodging has just broken ground on a 122-room property in Colorado’s Roaring Fork Valley, it was announced by Jeff Blackman, President. The Hoffmann Hotel, a Tapestry by Hilton Collection - Basalt is located in Carbondale, Colorado and is scheduled to open in January, 2023. It will be managed by Five Senses Hospitality Management. The Hoffmann Hotel will be located at 401 Tree Farm Drive in Carbondale, CO. The 4-story, 76,679-square-foot property being developed on a 1.8-acre site, will be part of a lager 42.9 acre mixed use development known as Tree Farm, a world-class lakeside community ...
Marriott Signs With Saxum Group to Develop Residence Inn by Marriott and Fairfield by Marriott in Costa Rica
Marriott International | September 21, 2021
SAN JOSE, COSTA RICA — September 21, 2021 — Marriott International, Inc. today announced it has signed an agreement with Saxum Group to develop the first Fairfield by Marriott and second Residence Inn by Marriott in Costa Rica, growing its portofolio to 17 hotels in this sought after market. The new properties will feature 125 and 117 rooms respectively. "We are proud to work with Saxum Group to bring the Fairfield by Marriott brand to Costa Rica and add the Residence Inn by Marriott to enhance the hospitality offering in the greater metropolitan area (GMA) of San Jose," said Pablo Botero, Marriott International's Senior Direct...
Sonder Holdings Inc. Grows Footprint in Mexico Adding Eight Properties
Sonder | September 21, 2021
SAN FRANCISCO, CA — September 21, 2021 — Sonder Holdings Inc. (“Sonder”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, is adding eight additional properties to its existing portfolio of managed and operated accommodations in Mexico City. Concentrated primarily in the Condesa and Roma neighborhoods, two of the most dynamic and coveted areas of the city, these properties represent an expansion of over 600 units less than a year after Sonder first launched operations in Mexico City. “Mexico is one of the most visited countries in the world for tourism a...
Six Senses Partners With Hotel Properties Limited (HPL) for Second Property in the Maldives
Six Senses Hotels Resorts & Spas | September 20, 2021
Six Senses to add second branded property in the Maldives – Kanuhura – on the private island hideaway of Lhaviyani Atoll BANGKOK – September 20, 2021 –Encompassing three private islands – two deserted neighboring islands and Kanuhura itself – this laid-back retreat is the epitome of white sands, turquoise lagoons, lush tropical greenery, and gently swaying palm trees to doze under. This second collaboration with Singapore-based Hotel Properties Limited (HPL) will adopt the Six Senses brand in late 2022 as a northerly sister to the popular Six Senses Laamu. Until then, it is available for bookings through www.kanuhura-mald...
Marriott Signs Agreement with Progetto Majestic S.R.L to Debut First W Hotel in Tuscany
W Hotels | September 20, 2021
Marriott International today announced it has signed an agreement with Progetto Majestic S.R.L. to bring the W Hotels Worldwide brand to the iconic Tuscan city of Florence. Expected to welcome its first guests in 2023, W Florence is set to become a buzzing centrepiece in the heart of the artistic city alongside the Ponte Vecchio riverfront and the Duomo. “Florence is famed for its passion for culture and style, and therefore a perfect destination for the W Hotels brand,” said Candice D’Cruz, Vice President – Luxury Brands, Europe, Middle East & Africa, Marriott International. “With its energetic spaces, bold design, i...
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