Development

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Development

Hotel Equities Adds 13 Hotels in 4th Quarter, Re-Organizes Firm for Growth

Hotel Equities | January 17, 2014

Atlanta, GA-January 17, 2014- In a surge of unprecedented growth, Hotel Equities (www.hotelequities.com), an Atlanta-based hotel management and development company, added thirteen hotels to its portfolio in the fourth quarter of 2013. Beginning in early October with the addition of the boutique 4-star Wyvern Hotel in Punta Gorda, Florida, the firm made steady gains that included five La Quinta properties, a Courtyard and six additional hotels from Pennsylvania to Florida. "We are encouraged by the solid year-end growth we have achieved as well as the development projects that are underway for 2014," said Joe Reardon, Vice President of M...

Hotel Commercial Investment & IHG to Open Holiday Inn® Dabrowa Gornicza Katowice in Poland in 2015

IHG (InterContinental Hotels Group) | January 13, 2014

January 13, 2104 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies today announced the signing of Holiday Inn® Dabrowa Gornicza Katowice in Poland. The hotel is scheduled to open in 2015. The franchise agreement with Hotel Commercial Investment to open Holiday Inn Dabrowa Gornicza Katowice will be the first Holiday Inn hotel in the area. The 160 room hotel featuring the Open Lobby Concept will be newly built close to exhibition centre EXPO Silesia and occupies a prime location in the greater Katowice area. The hotel's main driver of demand will be MICE travellers frequenting the exhibition hall. Marcin...

Hotel Equities Hires Rob Cote and Chuck Powell as Vice Presidents of Operations to Manage Growth

Hotel Equities | January 10, 2014

ATLANTA, GA (January 10, 2013) - Atlanta-based Hotel Equities (HE) www.hotelequities.com recently added two vice presidential positions to its corporate infrastructure and brought industry veterans Rob Cote and Chuck Powell on board. Each vice president has oversight of all operations of the hotels in his division and reports directly to Brad Rahinsky, Hotel Equities' Chief Operating Officer. "Hotel Equities added 13 hotels, in both the select and full service segments, during the last quarter of 2013," said Mr. Rahinsky. "It was imperative to hire two best-in-class Vice Presidents of Operations who can sustain and continue our firm's a...

“BridgeStreet Global Hospitality” Redefines Serviced Apartment Sector

Lodging Econometrics (LE) | January 9, 2014

HERNDON, Va. – BridgeStreet Residences, Serviced Apartments and Suites – the leading international hospitality solution offering serviced apartments, today debuts a refreshed brand concept and name, BridgeStreet Global Hospitality, effective immediately. The launch introduces an industry-leading family of brands including six distinct serviced apartment experiences ranging from six- to two-star products. The newly rebranded company directly addresses sector-wide challenges, including fragmentation and a lack of service offering consistency, historically creating a barrier between consumer expectations and the end product, as detaile...

The Plasencia Group Advises on Sale of The Hilton Concord, California

The Plasencia Group | January 8, 2014

Tampa, Fla. (January 8, 2014) – The Plasencia Group is pleased to announce the sale of the Hilton Concord located in Concord, California. Waramaug Hospitality, together with Interstate Hotels & Resorts and an alternate money management firm, acquired the 329-room hotel from Interstate, which continues to remain an investor and operator of the hotel. According to Joe Corcoran, Vice President of The Plasencia Group's Southwest Region, "The Hilton is a very well-positioned hotel in San Francisco's affluent East Bay region. It allows its new owners to deploy strategic capital supported by a strong in-place yield. They now own a recen...

Marriott Honors Top Owners & Franchisees for 2013; Partnership Circle Award Given to Four Companies

Marriott International | January 6, 2014

January 6, 2014 - Marriott International honored top owner and franchise companies at the annual MINA & Full Service Owners Conference held recently at The Ritz-Carlton, Grand Cayman. Four companies – Concord Hospitality, The Kessler Collection, Sage Hospitality and White Lodging Services – were awarded the Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners for hospitality excellence. Marriott's Partnership Circle Award honors owners and operators who have a strong alignment with Marriott in a number of different areas, from overall culture to sharing a long-term commitment with Mar...

Hotel Equities & JV Partner HDP to Develop 132-key Hampton Inn and Suites in Atlanta, Georgia

Hotel Equities (HE) | December 23, 2013

Atlanta, GA - December 23, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) signed a definitive agreement with Hilton Hotels to develop an upscale Hampton Inn & Suites in the Sterling Pointe development with its joint venture partner, Hotel Development Partners (HDP). The project will include four outparcels targeted for high-end restaurants and retail. Hotel Equities will manage the hotel and assist with the development. Opening is projected for early 2015. "We have seen pent-up demand for quality lodging assets in Atlanta's Perimeter Center area, making the location and timing for this project ideal." said Brad Rahinsky...

Hilton Signs Agreement to Rebrand Paris Landmark as Hilton Paris Opéra

Hilton Hotels & Resorts | December 20, 2013

PARIS and MCLEAN, Va. - Hilton Worldwide has reached an agreement which will see it rebrand the historic Concorde Opéra hotel under its Hilton Hotels & Resorts brand in late 2014. The iconic hotel, in Paris' fashionable 8th arrondissement, was recently acquired by Blackstone Real Estate Partners Europe IV ("Blackstone"). The Concorde Opéra will undergo a significant investment programme to restore and reinvigorate the 124 year old landmark prior to rebranding as the Hilton Paris Opéra next year. Rob Palleschi, global head, Hilton Hotels & Resorts, said, "Paris has long been considered one of the world's great tourist destinat...

Constellation Barclay Holding US to Acquire 80% of the InterContinental New York Barclay for $240 M

IHG (InterContinental Hotels Group) | December 20, 2013

New JV Plans Property Refurbishment 20 December 2013 - InterContinental Hotels Group PLC (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announces that Constellation Barclay Holding US, LLC, which is an affiliate of Constellation Hotels Holding Limited, has agreed to acquire an 80% interest in a joint venture with IHG to own and refurbish the InterContinental New York Barclay (the "Hotel"). The 80% interest will be acquired for gross cash proceeds of $240m, which values the Hotel at $300m prior to refurbishment. IHG will hold the remaining 20% interest. IHG has secured a 30 year management contract on the Hotel, commencing in 2014, with two ten...

The 140-room Holiday Inn Express Chennai Mahindra World City Opens in India

Holiday Inn Express brand Hotels | December 18, 2013

New Delhi, India, 18 December 2013: InterContinental Hotels Group (IHG) today announced the opening of Holiday Inn Express Chennai Mahindra World City in the corporate hub of Mahindra World City near Chennai. The property was officially opened today by IHG's Pascal Gauvin, COO India, Middle East and Africa and Douglas Martell, Vice President Operations South West Asia alongside Saurabh Sonthalia, Country Head - Duet India Group, Naveen Jain, President, Duet India Hotels and Sangeeta Prasad, CEO - Integrated Cities & Industrial Clusters, Mahindra Lifespace Developers Ltd. This is the second hotel to open under a joint venture partner...

Foremost Hospitality HIEX GmbH & IHG to Open Two Holiday Inn Express Hotels in Germany

IHG (InterContinental Hotels Group) | December 18, 2013

Opening in Hamburg in 2014 & Freiburg in 2015 18 December, 2013 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies, today announces the expansion of its Holiday Inn Express® brand in Germany with the signing of two more hotels: Holiday Inn Express Hamburg - City Hauptbahnhof and Holiday Inn Express Freiburg - City. These franchised hotels are part of a multiple development agreement (MDA) with IHG's long standing lessee partner Foremost Hospitality HIEX GmbH. Holiday Inn Express Hamburg - City Hauptbahnhof will join its sister properties Holiday Inn Express Hamburg - City Centre and Holiday Inn Expr...

Hotel Equities Selected to Manage the 96-key Courtyard by Marriott in Memphis, Tennessee

Hotel Equities (HE) | December 12, 2013

Atlanta, GA - December 12, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage the 96-room Courtyard Memphis East in Memphis, Tennessee. Located off I-240 and Bill Morris Parkway (I-385) and just minutes from Poplar Avenue in Germantown, the hotel appeals to both business and leisure travelers. It is convenient to the city's finest dining, tourist attractions, shopping and Class A office space for corporate travelers. "Memphis is an exciting city for Hotel Equities' expansion and we are pleased to be selected as the management firm by an ownership group in this growing market," said Joe Reardon, Vice ...

The 140-room Holiday Inn Mauritius Airport Opens with Jean-Eric Sirop as General Manager

IHG (InterContinental Hotels Group) | December 12, 2013

Port Louis, Mauritius, 12 December 2013: InterContinental Hotels Group (IHG) today announces the opening of Holiday Inn Mauritius Airport on the island's picturesque south east coast. Just 700 metres from the new SSR International Airport, five minutes from the nearest beach and 45 kilometres from the capital, Port Louis, the hotel is ideally located for travellers looking to make the most of their time in Mauritius. The 140-room hotel is surrounded by gardens carefully landscaped to preserve the natural botanic diversity. The names of the hotel's food and beverage outlets pay tribute to the proximity to the country's airport and the hi...

Marriott CEO, Arne Sorenson, Discusses Company’s Move to NASDAQ and African Hotel Deal (Video)

Marriott International | December 9, 2013

Arne Sorenson talks about why Marriott made the switch to NASDAQ and the company's plan to become the largest hotel company in Africa. ...

Hotel Equities Selected to Manage Four La Quinta Hotels in Tampa, Florida

Hotel Equities (HE) | December 9, 2013

Atlanta, GA - December 9, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage four La Quinta Inn & Suites hotels in the greater Tampa, Florida metro area with a total of 265 rooms. The four hotels include La Quinta Inn & Suites Clearwater South, La Quinta Inn & Suites St. Petersburg Northeast, La Quinta Inn & Suites Tampa Central and La Quinta Inn & Suites Tampa South. "Adding four additional properties in Tampa brings us to a total of 10 hotels in Florida and gives us great flexibility and synergy here," said Joe Reardon, Vice President of Business Development for HE. "We are work...

Tom Singer to Step Down as IHG’s Group Chief Financial Officer; Succeeded by Paul Edgecliffe-Johnson

IHG (InterContinental Hotels Group) | December 6, 2013

6 December 2013 - InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announces that Tom Singer will step down from the Board and his role as Chief Financial Officer on 1 January 2014. He will be succeeded by Paul Edgecliffe-Johnson, who joined IHG in August 2004 and has held a number of senior positions, most recently as Chief Financial Officer of IHG's Europe and Asia, Middle East & Africa regions. Paul will take up his new position and become a member of IHG's Board and Executive Committee on 1 January 2014. Patrick Cescau, Chairman of IHG commented: "I want to thank Tom for his contribution to the success of IHG...

PT Duta Anggada Realty & IHG to Develop 447-key Holiday Inn & Suites Jakarta Gajah Mada, Indonesia

IHG (InterContinental Hotels Group) | December 3, 2013

Jakarta, 3 December 2013: InterContinental Hotels Group (IHG), one of the world's leading hotel companies, and PT Duta Anggada Realty Tbk, have signed an agreement to develop Holiday Inn & Suites Jakarta Gajah Mada, adding to IHG's continued growth in Indonesia. Located in the bustling Jalan Gajah Mada in North Jakarta, the 447-room Holiday Inn & Suites Jakarta Gajah Madah will not only feature hotel rooms, but also serviced apartments for guests who want to book extended stays at the hotel. The mixed-use development is opposite the LTC Glodok Mall, a short drive away from Jakarta's Central Business district and easy access from...

Development Begins for 204-room Brooklyn EVEN Hotel to Open in New York in Mid-2015

December 3, 2013

ATLANTA – December 3, 2013 - InterContinental Hotels Group (IHG) [LON: IHG; NYSE: IHG (ADRs)] today announced that it has acquired a new asset in Brooklyn, N.Y., that the Company will develop as a new hotel under its EVEN™ Hotels brand, expanding the wellness hotel brand's portfolio in the Greater New York City area and accelerating its growth in strong urban markets. This new property will be the fifth hotel added to the EVEN Hotels brand's development pipeline, and the announcement comes as EVEN Hotels prepares to open its first two properties in spring 2014. "As the third largest central business district in New York City and a s...

The 126-room Hotel Indigo® Düsseldorf – Victoriaplatz Opens in Germany

The Hotel Indigo | December 2, 2013

2 December, 2013 - InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, is thrilled to announce that it has opened Hotel Indigo® Düsseldorf - Victoriaplatz at the centre of this fashion-forward German city, renowned for its style credentials. Hotel Indigo Düsseldorf-Victoriaplatz will operate under a franchise agreement with LFPI Hotels Management Germany GmbH. The hotel will be the third Hotel Indigo property in Germany, alongside Hotel Indigo Berlin – Alexanderplatz and Hotel Indigo Berlin – Ku'Damm. As IHG's boutique brand, every Hotel Indigo property is designed to reflect the local neighbourhood...

West Bay Beach, a Holiday Inn Resort in Traverse City, Michigan Opens After $6 Million Renovation

November 27, 2013

ATLANTA – 26 November, 2013 - InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)], today announced the opening of West Bay Beach, a Holiday Inn Resort® hotel adding to its growing portfolio of vacation destinations. Located on the shores of West Grand Traverse Bay in Northern Michigan, the property re-opened this month as a Holiday Inn Resort brand hotel following a $6 million renovation. The Holiday Inn Resort brand now boasts nearly 40 locations across the globe. "We are thrilled to welcome another beautiful property into the Holiday Inn Resort® brand portfolio," said Heather Balsley, senior vice president, Americas Hol...

Hotel Equities Selected to Manage Newly Converted 145-room La Quinta Inn & Suites Pittsburgh North

Hotel Equities (HE) | November 26, 2013

Atlanta, GA-November 26, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage the newly converted 145-room La Quinta Inn & Suites Pittsburgh North in Pittsburgh, Pennsylvania to its portfolio. "We are delighted to expand our portfolio in Pennsylvania with this well-positioned hotel in Pittsburgh," said Joe Reardon, Vice President of Business Development for HE. "Our management team looks forward to making this hotel the flagship property for the La Quinta brand by building a rewarding and profitable working partnership with the hotel's ownership group and adding value to their asset." The La Quinta...

Grupo AGRISAL Opens the 196-room Holiday Inn Express Panama Distrito Financiero in Panama City

November 26, 2013

26 November, 2013 - MIAMI – InterContinental Hotels Group (IHG) today announced the newest addition to its Latin America portfolio with the opening of the 196-room Holiday Inn Express® Panama Distrito Financiero hotel located in Panama City, Panama. In partnership with Grupo AGRISAL, this is Panama City's first Holiday Inn Express® hotel. Owned by Grupo AGRISAL, the Holiday Inn Express Panama Distrito Financiero hotel is their fourth IHG®-branded property with others open and under construction in Costa Rica and El Salvador. "Holiday Inn Express is one of the fastest-growing hotel brands in the world, and we are thrilled to now hav...

Construction Underway for 164-key Staybridge Suites Al Andalus Mall in Jeddah, Saudi Arabia

IHG (InterContinental Hotels Group) | November 26, 2013

Jeddah, Kingdom of Saudi Arabia, 26 November 2013: IHG (InterContinental Hotels Group) has signed a 15 year management agreement with Al Andalus Property for a Staybridge Suites hotel in Jeddah, Kingdom of Saudi Arabia. Staybridge Suites Al Andalus Mall is due to be the first Staybridge Suites property to open in Saudi Arabia. The announcement follows closely after IHG announced plans for a Staybridge Suites property on Hira Street in Jeddah, demonstrating the increasing demand for extended stay properties in this important commercial hub. These two Jeddah properties mark the entrance of the Staybridge Suites brand into Saudi Arabia. As...

Operadora Decori Orizaba SA de CV. Opens the 103-room Holiday Inn Orizaba Hotel in Veracruz, Mexico

November 26, 2013

Orizaba, Ver. – 26 November, 2013 - InterContinental Hotels Group (IHG) today announced the opening of the Holiday Inn® Orizaba hotel, bringing its total number of hotels in Veracruz to eight including: two Crowne Plaza® hotels, one Hotel Indigo® property, three Holiday Inn® hotels and one Holiday Inn Express® hotel. "This market has vast potential and we are happy to grow the IHG brand family here," said Gerardo Murray, vice president, Strategic Marketing Services, Mexico, Latin America and the Caribbean, IHG. "The scale and diversity of the IHG family of brands means that our hotels can meet our guests' needs whatever the occas...

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