Development

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Development

RIU Hotels & Resorts Plans Two Property Development on Recently Acquired Site in Pointe Sarène Area on Senegal’s West Coast

RIU Hotels & Resorts | June 3, 2019

Palma de Mallorca, 3 June 2019 The international chain's investment in Pointe Sarène amounts to 150 million euros The project will take place as part of the local authorities' drive to develop tourism in this destination The RIU Hotels & Resorts chain has announced the purchase of a 25-hectare site in the Pointe Sarène area on Senegal's west coast, a paradise destination that is in the midst of the tourist development process. With it, the chain strengthens its commitment to the continent of Africa, where it already owns six hotels (five in Cape Verde and one in Tanzania) and runs a further five hotels in Morocco. ...

RIU Hotels & Resorts Plans Two Property Development on Recently Acquired Site in Pointe Sarène Area on Senegal’s West Coast

RIU Hotels & Resorts | June 3, 2019

Palma de Mallorca, 3 June 2019 The international chain's investment in Pointe Sarène amounts to 150 million euros The project will take place as part of the local authorities' drive to develop tourism in this destination The RIU Hotels & Resorts chain has announced the purchase of a 25-hectare site in the Pointe Sarène area on Senegal's west coast, a paradise destination that is in the midst of the tourist development process. With it, the chain strengthens its commitment to the continent of Africa, where it already owns six hotels (five in Cape Verde and one in Tanzania) and runs a further five hotels in Morocco. The plan...

Dream Hotel Group Partners With Legacy Developments for The Chatwal Valle de Guadalupe, Mexico to Open in 2021

Dream Hotel Group | June 3, 2019

NEW YORK, NY (June 3, 2019) – Renowned hotel and brand management company Dream Hotel Group today announced plans to launch its five-star luxury brand The Chatwal in Valle de Guadalupe, Mexico in 2021. Today's announcement represents a major milestone for Dream Hotel Group as it marks the second Chatwal Hotel location and fourth hotel deal signed in Mexico in the last 18 months. "We are excited to work with José Mireles Verástegui and his partners in bringing The Chatwal brand to Valle de Guadalupe," said Dream Hotel Group CEO Jay Stein. "Valle de Guadalupe is one of the most exciting up-and-coming wine and food regions in Mexico and a...

IHG ANA Hotels Group Japan and Yokohama Grand InterContinental Co. Setting Sail in Yokohama With New InterContinental Hotel

May 31, 2019

InterContinental Hotels Group (IHG®) has announced InterContinental Yokohama Pier 8 will open its doors to guests in November 2019 in the Minato Mirai area of Yokohama. The franchise agreement was made by IHG's domestic operating company, IHG ANA Hotels Group Japan (Head office: UK, Japan: Tokyo; CEO: Hans Heijligers) and Yokohama Grand InterContinental Co., Ltd. (Yokohama City, Kanagawa Prefecture Nishi-ku Minato Mirai 1-1-1, President and Representative Director: Azuma Umemura). InterContinental Yokohama Pier 8 will be built on the premises of the 'Yokohama Hammer Head Project' which is developed by SHINKO PIER CRUISE TERMINAL Co.,Lt...

Sam Moon Group Plans September 2019 Opening of 130-Room Hyatt Place Fort Worth/Alliance Town Center

Hyatt Place | May 30, 2019

FORT WORTH (May 30, 2019) – Hyatt Place Fort Worth/Alliance Town Center is expected to open in September 2019. The new, five-story, 130-room hotel will offer business and leisure travelers an open, intuitive design, casual atmosphere, and practical amenities, such as free Wi-Fi, 24-hour food offerings and a 24-hour fitness center. "Fort Worth is a world-class city and key business and leisure destination, and Hyatt Place Fort Worth/Alliance Town Center will add a wonderful new option for business and leisure travelers visiting the Alliance area," said General Manager Erin Alamillo. Hyatt Place Fort Worth/Alliance Town Center will be s...

IHG Signs With Kanden Amenix to Open ANA Holiday Inn Resort Shinano-omachi Kuroyon in 2020

May 30, 2019

30 MAY 2019 -- IHG® will open ANA Holiday Inn Resort Shinano-omachi Kuroyon in 2020, following the signing of a management agreement with Kanden Amenix Co., Ltd. Guests at the hotel, which is the second Holiday Inn Resort in Japan, can look forward to world-class facilities including a restaurant, swimming pool and spa, tennis courts, golf course, hot spring bath and gym, as well as a variety of activities that can be enjoyed in every season. The hotel long been a favourite with visitors to Kurboe Dam who are looking for an experience that's immersed in nature. In Q2 2020 it will reopen as ANA Holiday Inn Resort Shinano-omachi Kuroy...

Latin America’s Hotel Construction Pipeline Enters Third Year of a Cyclical Slowdown

Lodging Econometrics | May 30, 2019

May 30, 2019 – PORTSMOUTH, NH - In the recent Latin America hotel construction pipeline trend report, analysts at Lodging Econometrics (LE) state that the total construction pipeline stands at 717 projects/123,804 rooms, down 8% year-over-year (YOY) as it enters the third year of decline from its 2015-2016 peak. Projects presently under construction stand at 329 projects/57,735 rooms. Projects scheduled to start construction in the next 12 months stand at 207 projects/34,712 rooms and those in the early planning stage are at 181 projects/31,357 rooms. The first quarter of 2019 had 29 new hotels/5,405 rooms open. The LE forecast fo...

IHG Signs With Omenport Developments for Hotel Indigo® London – Clerkenwell

May 29, 2019

IHG® (InterContinental Hotels Group), one of world's leading hotel companies has signed a Management Agreement with Omenport Developments Ltd for Hotel Indigo® London – Clerkenwell. The 151-room hotel will be the fifth Hotel Indigo in London and is expected to open in early 2021. Located in the heart of the city, Hotel Indigo London – Clerkenwell brings a brand defining property to IHG's pipeline. Established in 2004, Hotel Indigo is IHG's upscale boutique brand and has over 100 hotels across more than 15 countries. The brand is set to double its portfolio presence over the next three to five years and continue its g...

IHG Signs With Empire Group for New Kimpton Hotel & Restaurant in Hong Kong

May 29, 2019

InterContinental Hotels Group (IHG®) and Empire Group announce the signing of a new Kimpton Hotel & Restaurant in Hong Kong today, as IHG expands the boutique luxury brand's presence in Greater China. The signing comes on the heels of the brand's first opening in Asia in March 2019 - Kimpton Da An in Taipei. With the signing of Kimpton in Hong Kong, the brand now has five hotels in the development pipeline across Greater China, all located in tier one cities and popular travel destinations including Shanghai, Sanya, Nanjing and Beijing. Jolyon Bulley, Chief Executive Officer, IHG Greater China, said: "Kimpton Hotels & Restaurants ...

Hotel Equities Promotes Drew Salapka to SVP of Operations and Cesar Wurm to SVP of Sales & Revenue Generation

Hotel Equities | May 28, 2019

ATLANTA, GA - May 28, 2019 – Today, hotel owner, operator and development firm, Hotel Equities (HE), announced they recently promoted Drew Salapka to senior vice president of operations and Cesar Wurm to senior vice president of sales and revenue generation. In his new role, Drew will lead the firm's growing portfolio of owned/managed hotels. Cesar will lead HE's companywide strategic sales and revenue generation efforts. Both Drew and Cesar will work closely with HE's executive team to drive performance and accountability. Both leaders report to Bryan DeCort, Hotel Equities' EVP. The announcement signifies the company's continued commitmen...

Canada’s Hotel Construction Pipeline Remains Strong With Double Digit Increases Year-Over-Year

Lodging Econometrics | May 28, 2019

May 28, 2019 – PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2019, the total construction pipeline in Canada remains strong with 264 projects/33,023 rooms. Construction pipeline projects and rooms are both up an impressive 11% year-over-year (YOY). A driving force of the pipeline's double-digit growth is the surge in projects in the early planning stage with 80 projects/11,328 rooms, up 48% and 53% YOY, respectively. Currently, there are 93 projects/10,466 rooms under construction and 91 projects/11,229 rooms scheduled to start construction in the next 12 months, a record h...

Richard Branson’s Virgin Hotel opening in New Orleans in 2021; hotel will cost $80M, host 230 rooms

May 22, 2019

May 23-- May 23--Virgin Group's idiosyncratic founder, Richard Branson, shoveled dirt with Mayor LaToya Cantrell Thursday to symbolically mark the start of construction on a new 230-room Virgin Hotel, which is slated to open in 2021. The $80 million project, going up at 550 Baronne Street, on the corner of Layette Street in the Warehouse District, is a joint venture with Maryland-based Buccini/Pollin Group, which is also in partnership with Virgin Hotels on a project in Nashville, Tennessee. The New Orleans hotel, which will be managed by Virgin Hotels and jointly owned with BPG, will be the seventh Virgin Hotel to open in the U.S. ...

Hyatt Signs With Realtejo – Hotelaria e Turismo to Develop Hyatt Regency Lisbon in Portugal

Hyatt Regency | May 20, 2019

CHICAGO-- 20 May 2019 -- Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise and related agreements with Realtejo – Hotelaria e Turismo, S.A., owned subsidiary of United Investments Portugal and Fibeira, to develop the first Hyatt branded hotel in Portugal: Hyatt Regency Lisbon. Expected to open in late 2020, the hotel will feature 200 hotel rooms and apartments and will be located between Rua Guerra Junqueiro and Avenida da Índia, a stunning waterfront location facing Tejo River. The foray into Lisbon, Portugal's coastal capital city, is an important milestone for Hyatt, si...

Ormond Group’s New Social Hotel Brand, MoMo’s, Set for October 2019 Debut in Kuala Lumpur

May 20, 2019

20th May 2019 - MoMo's, Ormond Group's new playful hospitality concept, will launch its first property in central Kuala Lumpur within the eclectic Chow Kit neighborhood this October. Home to 99 guest rooms, MoMo's KL will be a newly renovated, exciting hangout in the city, providing a fun and laid-back multi-dimensional space where visitors and locals can collide in harmony. MoMo's celebrates creative collaboration whilst offering a design-led lifestyle hotel at a value-for-money price point. Alongside micro rooms, MoMo's KL will provide guests with a dynamic social space that engage with creative communities and urban nomads. The hotel...

HVS Market Pulse: Downtown Omaha, NE

Sara Olson | May 17, 2019

By Sarah Olsen Local Economy and Redevelopment Projects A major revitalization period commenced in Omaha's Downtown Central Business District approximately 15–20 years ago when several high-profile projects were completed. Between 2002 and 2005, development projects included the construction of the First National Bank Tower (both the city's and the state's tallest building), the CHI Health Center, the Gallup Riverfront Campus, the Union Pacific Center, and the Holland Performing Arts Center. Another wave of redevelopment has hit the shores of the Missouri River in recent years, and several major projects are either currently under...

Sam Moon Group Begins Construction of Hyatt House in North Houston’s Metropark Square

Sam Moon Group | May 17, 2019

DALLAS – May 17, 2019 – Sam Moon Group announces the commencement of construction for a Hyatt House extended stay hotel at the Metropark Square mixed-use development in Shenandoah, Texas. The 5-story, 148-room hotel is slated to open in November 2020. The hotel developer is Sam Moon Group; contractor is VCC and architect is Type Six. The senior lender for the project is Veritex Community Bank and Bedrock Group raised EB-5 Funds for the construction of the Hyatt House Metropark Shenandoah/The Woodlands. "We are excited for the closing of financing and to begin construction with our partners VCC on Hyatt House Metropark Shenan...

IHG Partners With Linzhu Australia for voco Sydney Central Set for 2020 Opening

May 16, 2019

IHG has signed its fifth voco™ in Australia since the brand's global launch in June of 2018, partnering with Linzhu Australia Pty Ltd to open voco Sydney Central by 2020. Part of Linzhu Australia's 430 Pitt Street mixed-use development, the property boasts a stunning seventeen-storey tower with a sloping roof featuring unique "green waterfalls". Guests will be treated to the ultimate upscale voco experience, that celebrates the individuality of the hotel, stunning location and local people, with each stay tailored to deliver a unique and memorable experience. The property was originally slated as a Holiday Inn in 2017, however as ...

IHG Opens New Kimpton Blythswood Square Hotel in Glasgow, Scotland

IHG | May 15, 2019

San Francisco, May 15, 2019: Consistently voted as one of the top cities to visit in 2019, Glasgow is the perfect blend of sophistication and grit, and is now home to the latest property from global leader in boutique luxury, Kimpton® Hotels & Restaurants. Kimpton Blythswood Square Hotel is situated in a landmark location with a storied past. The hotel exudes class and elegance with original architectural features, such as marble fireplaces, rich wood paneling and lofty ceilings. In true Kimpton style, the hotel offers a luxury experience full of signature perks, brought to life with Glaswegian charm and personality. The exterio...

How Modular Construction Is Changing Commercial Real Estate

JLL Real Views | May 15, 2019

Regions across the U.S. faced their snowiest, coldest and warmest February in history this year, with volatile weather disrupting the flow of life across the country. That included construction projects. Yet there was one setting where the unpredictable winter didn't slow down work — the vast indoor spaces where firms have increasingly been creating homes, offices and hotels. The method of modular construction — where pieces of buildings are manufactured in one place, and then delivered to construction sites for assembly — has boomed in recent years. The business in the U.S. has doubled in size to US$8 billion over the...

IHG Launches New All-Suites Brand, Atwell Suites

May 15, 2019

IHG® (InterContinental Hotels Group) today revealed its new all-suites brand, Atwell Suites™, to thousands of IHG owners and operators at its Americas Investors & Leadership Conference in Las Vegas. The new upper-midscale hotel brand will target an estimated $18 billion industry segment with strong guest and owner demand. The Atwell Suites brand builds on IHG's heritage of pioneering new growth opportunities for hotel owners and operators that better serve travelers. Through this strategy, IHG has successfully cultivated a dynamic portfolio of unique midscale and upper-midscale brands across the mainstream category includi...

Hard Rock International Partners With ASG for €200 Million New Hotel in Barcelona

Hard Rock International | May 15, 2019

May 15, 2019 – Hard Rock International continues growing its European hotel portfolio, announcing the development of Hard Rock Hotel Barcelona. The brand is set to bring its signature musical flair to the shores of Barcelona in a €200 million new hotel to be developed on the last available seaside plot in metropolitan Barcelona. Construction of the 504-room hotel will begin in late 2019, set to open on the shores of Barcelona in early 2022. "This is set to be another ambitious project for Hard Rock International, alongside ASG," comments Todd Hricko, senior vice president and head of global hotel development at Hard Rock Inte...

IHG’s Holiday Inn Express, Hilton’s Home2 Suites, and Marriott’s Fairfield Inn Claim 20% of U.S. Construction Pipeline Projects

Lodging Econometrics (LE) | May 14, 2019

May 13, 2019 – PORTSMOUTH, NH -- In the Lodging Econometrics (LE) first quarter report for 2019, analysts detailed the leading franchise companies and their brands in the construction pipeline. Leading in the pipeline is Marriott International with 1,499 projects/196,771 rooms and Hilton Worldwide with 1,386 projects/154,349 rooms, both at all-time record highs. InterContinental Hotels Group (IHG) follows with 980 projects/99,115 rooms. These three franchise companies alone comprise 68% of the projects in the total pipeline. The leading brands in the construction pipeline by project count for each of these three companies are IHG'...

Autograph Collection Hotels Welcomes Ireland’s National Treasure, The Shelbourne

The Shelbourne | May 14, 2019

Bethesda, Maryland (May 14, 2019) – Autograph Collection Hotels, Marriott International's diverse and dynamic portfolio of more than 170 independent hotels around the world, today announced the addition of The Shelbourne, the enduringly iconic hotel that's been at the heart of Dublin society since 1824. Proudly overlooking Dublin's grandest square, St. Stephen's Green, The Shelbourne is just a stone's throw from some of the city's most celebrated landmarks: Trinity College, parliament building Dáil Éireann, and the National Gallery. Recently renovated by Guy Oliver of design firm Oliver Laws, the timelessly elegant i...

Hotel Equities Promotes Bryan DeCort to Executive Vice President

Hotel Equities | May 13, 2019

ATLANTA, GA (May 13, 2019) – Atlanta-based hotel owner, operator and development firm, Hotel Equities (HE), named Bryan DeCort to the position of executive vice president. He reports directly to Brad Rahinsky, HE's president & CEO. Bryan has over 25 years of experience in hospitality and operations. Since joining Hotel Equities in 2017, he has helped restructure the organization's operational platform to aid in HE's growing portfolio of hotels. He worked closely with Hotel Equities' executive team to ensure a consistent approach to implementation and developed a long-term strategy to promote performance-based growth. His e...

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