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
Finance & Development
Hyatt Announces Robust Pipeline in India and Southwest Asia for 2024
Hyatt Hotels Corporation | March 15, 2024
Growth in brand footprint to over 55 hotels across leisure and business destinations in the region as brand portfolio expands with JdV by Hyatt as the ninth Hyatt brand in India CHICAGO (March 15, 2024) – Hyatt Hotels Corporation (NYSE: H) today announced plans for the aggressive expansion of Hyatt’s brand portfolio in India and Southwest Asia region, with a robust pipeline of eight new hotels that are expected to open across various leisure and city destinations in 2024. This growth is timed to coincide with the expected rebound of leisure and business travel in the country and the sub-continent. In 2024, Hyatt’s brand expansio...
Moss Awarded Construction of Nora Hotel in the Nora District of West Palm Beach, Florida
Moss | March 15, 2024
WEST PALM BEACH, Fla.--Moss has been selected to build a luxury 201-room boutique hotel in downtown West Palm Beach. The hotel is the first vertical development in the thoughtfully master planned Nora District being developed by New York-based BD Hotels, NDT Development, Place Projects, and Wheelock Street Capital. The 5-story, 203,214-square-foot hotel will be located on North Railroad Avenue, anchoring 150,000 SF of highly curated commercial, restaurant, retail, office and wellness spaces that blend a walkable streetscape with a dynamic public realm. Amenities within the hotel include a rooftop pool deck complete with a restaurant, ...
Marriott International Signs Agreement to Bring JW Marriott to Greece With Vasilakis SA
Marriott International | March 13, 2024
JW Marriott Crete Resort & Spa will introduce the brand’s mindful ethos and serene spaces to the sought-after island destination Marriott International, Inc. announced it has signed an agreement in collaboration with Vasilakis SA to bring the JW Marriott brand to Greece. Anticipated to open in 2025, JW Marriott Crete Resort & Spa will span 100 acres of coastal beauty and will be a haven for travelers who seek a luxury escape paired with exceptional service and holistic well-being experiences. SWOT Hospitality, known for its expertise in managing luxury hotels across Greece, will collaborate with Vasilakis SA and Marriott Interna...
Virginia’s Massanutten Resort To Expand Offerings With New Hotel and Indoor WaterPark
Massanutten Resort | March 13, 2024
Massanutten Resort Caters to Increased Demand with New Indoor WaterPark and Hotel Massanutten, Va. – March 13, 2024 – Massanutten Resort, a premier four-season resort located in the heart of Virginia’s Shenandoah Valley, today shared updates on the major enhancement of its Indoor WaterPark, along with a planned new-build hotel slated to break ground this Spring. The first phase of an overarching, multi-year master plan that will see Massanutten further diversify its award-winning offerings – including a new 55+ active adult lifestyle community and more - the WaterPark expansion and new hotel are both expected to be completed by e...
Industry-Leading Finance Technology To Be On Display at ‘Hunter Hotel Investment Conference’
Aptech | March 13, 2024
As a Silver Sponsor, Aptech will showcase the latest in enterprise accounting, business intelligence, and budgeting/forecasting automation in Booth #812 PITTSBURGH, March 13, 2024 — With relationship building always top of mind, Aptech will be exhibiting at the 35th Annual Hunter Hotel Investment Conference to display its integrated enterprise accounting, business intelligence, and budgeting/forecasting software for hotels. To be held March 19 to 21 at the Atlanta Marriott Marquis, the event is designed to foster networking and create connections. In addition to learning about upcoming investment trends and connecting to the indust...
Marriott International Brings Newly Debuted Marriott Hotels All-Inclusive to The Dominican Republic With New Resort Signing
Marriott International | March 12, 2024
Plantation, Fla. March 12, 2024 – Marriott International in the Caribbean and Latin America announced today the latest addition to its All-Inclusive by Marriott Bonvoy portfolio with the signing of Marriott Miches Beach, An All-Inclusive Resort, currently the Sunrise Miches Beach Resort in Dominican Republic. Set to undergo a conversion process commencing in the second quarter of 2024, the resort is slated to open its doors under the Marriott Hotels brand in the first quarter of 2025. Nestled on a sprawling 62-acre site in the enchanting locale of Miches, within a 60-minute ride distance of the Punta Cana International Airport, the reso...
Zel to Open Its Second Hotel in Spain on The Costa Brava This Summer
Meliá Hotels International | March 12, 2024
The brand created by Meliá Hotels International and Rafael Nadal will bring its innovative "Mediterranean House" concept to the crystal-clear waters of Tossa de Mar Palma de Mallorca, March 12, 2024. Zel, the hotel brand created by Meliá Hotels International and Rafael Nadal, has announced new expansion plans, as previously announced at Fitur by Meliá's Chairman and CEO, Gabriel Escarrer. He announced the brand's upcoming destinations, with the second Zel project set to open on the Costa Brava this summer, followed by new hotels in Madrid, Sayulita (Mexico), and Punta Cana (Dominican Republic) in 2025. Zel opened its first hotel in Mall...
Mortenson Development to Break Ground on Motto by Hilton in Nashville’s SoBro Neighborhood
Mortenson | March 12, 2024
NASHVILLE, Tenn. – (March 12, 2024) – A new lifestyle hotel is coming to the popular South of Broadway (SoBro) neighborhood in Nashville. Mortenson Development has purchased the site located at 311 3rd Avenue, closed on its construction financing, and will start construction later this month. This is the first Motto by Hilton in the Nashville area. Motto by Hilton is a lifestyle brand that empowers guests by giving them added flexibility to create their own stay experiences in the world’s most sought-after cities. Located in the heart of the SoBro neighborhood, the hotel site is three blocks south of the famous Broadway Street and is...
Hyatt to Debut the Andaz Brand in Florida With Vibrant Miami Beach Haven
Andaz | March 12, 2024
Following a property-wide renovation, luxury lifestyle hotel Andaz Miami Beach is slated to open in late 2024, with reimagined spaces, programming and a new culinary collaboration with Jose Andrés Group. MIAMI BEACH, Fla. (March 11, 2024) – Hyatt Hotels Corporation (NYSE: H) announced an update on the anticipated renovation of The Confidante Miami Beach and its complete transformation into the new Andaz Miami Beach, which is slated to open in the fourth quarter of 2024. The new hotel, which is owned by Sunstone Hotel Investors, Inc., will go beyond the familiar to discover and define guests’ personal essence while immersing themselv...
Avison Young Closed 12 Hotel Transactions Over Last 90 Days
Avison Young | March 11, 2024
ATLANTA – March 11, 2024 – Avison Young announces today that the firm has closed 12 hotel transactions over the last 90 days. Four of the sales were Hilton-branded hotels, two were Marriott-branded hotels, and an IHG and other brands made up the balance. Geographically the hotels were located in the following states – IN, KY, PA, CO, VA, AR, MA, GA, and TN. Of special note, Thierry Roch and Rick George closed a sale on a boutique hotel in the Cape Cod area for close to 1m per room and Chris Kilcullen closed the sale for the upscale Ascent on Main in Parker, CO. Chris Stark, Brad Sinclair, Mike George, Thierry Roch and Rick George were t...
Marriott International Signs Agreement With Victoria Park Hotels to Debut Autograph Collection Hotels in Hong Kong
Marriott International | March 7, 2024
Marriott International, Inc. today announced it has signed an agreement with Victoria Park Hotels Ltd. to launch The Park Lane Hong Kong, Autograph Collection in early 2025. The Park Lane Hong Kong, Autograph Collection is expected to join Autograph Collection Hotels’ portfolio of over 300 independent properties in the most desirable locations across the world, each with its own unique perspective on heartfelt design and hospitality. “We are delighted to work with Victoria Park Hotels to bring Autograph Collection Hotels to Hong Kong," said Yibing Mao, President, Greater China, Marriott International. “It further underscores our com...
Red Sea Global and Four Seasons Partner to Develop New Luxury Wellness Resort and Private Residences at Triple Bay AMAALA
Red Sea Global | March 6, 2024
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Minor Hotels Signs With Infinity Group for Anantara Zanzibar Resort
Minor Hotels | March 6, 2024
Dubai, March 6, 2024: Minor Hotels, an international hotel owner, operator, and investor with more than 540 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, announces the signing of a new Anantara Resort to be developed in Zanzibar, Tanzania. Located on the northern coast of Zanzibar Island, the group will launch the 181-key Anantara Zanzibar Resort in 2027. The new-build property will feature 37 luxury suites, one presidential villa, and 73 one and two-bedroom sea view villas with private pool. The resort will also include 38 one-bedroom apartments, 19 two-bedroom apartments, ...
Regent and InterContinental Hotels To Open in the King Abdullah Financial District (KAFD)
IHG | March 5, 2024
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Operational Benchmarking in Practice
Arlene Ramirez | March 4, 2024
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What to Expect in the Hospitality Industry in 2024
Mark D. Podgainy | March 4, 2024
By Mark D. Podgainy The hospitality industry experienced a modest increase in RevPAR in 2023, and the industry seems to be optimistic about the future. What’s ahead for 2024? Uncertainty is the major theme. What’s Ahead • Interest rates will be higher for longer. Expectations of a number of rapid cuts to the Federal Funds rate early this year have been dashed with the latest inflation data. Most economists still expect reductions in the Federal Funds rate but have pushed back the time frame for the first reduction to late spring and have reduced their forecasts for the number of reductions. If inflation remains stubbornly high,...
Radisson Hotel Group Targets 50% Portfolio Expansion in West and Central Africa by 2030
Radisson Hotel Group | February 29, 2024
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IHG Partners With Whitestone and Redrock Portfolio to Bring Six Senses to the South Carolina Coast
IHG | February 28, 2024
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The Global Construction Pipeline Ascends to Record Project Counts at 2023 Year-End
Lodging Econometrics | February 28, 2024
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American Liberty Hospitality Leveraging AI for Enhanced End-to-End Hotel AP Automation
Aptech | February 28, 2024
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New Waterloo Expands Into Cleveland, Ohio With Adaptive Reuse of Historic Baker Building in Partnership With Nuovore
NEW WATERLOO | February 26, 2024
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Kimpton Hotels & Restaurants to Debut in Italy With Signing of Sicily Hotel
IHG | February 22, 2024
22.02.24 (London, UK): IHG Hotels & Resorts, one of the world’s leading hotel companies, has today announced the signing of its first Kimpton Hotels & Restaurants property in Italy. Joining IHG’s fast-growing luxury & lifestyle portfolio, now the second largest in the world, the Kimpton property in Sicily will open in the second half of 2025 and represents a management agreement with partner Società Turistica Alberghiera Taorminese. The Kimpton signing in Sicily follows six luxury and lifestyle openings and signings by IHG in 2023, demonstrating IHG’s investment and focus on this key market. This included the first u...
Accor Releases Full-Year 2023 Results: Record EBITDA of More Than €1 Billion
Accor | February 22, 2024
RESULTS ABOVE 2023 GUIDANCE RESUMED ATTRACTIVE SHAREHOLDER RETURNS POLICY CONFIDENCE IN GROWTH PROSPECTS FOR 2024 * * * RevPAR UP 23% LFL REVENUE UP 20% TO €5,056 MILLION EBITDA UP 49% TO €1,003 MILLION NET PROFIT GROUP SHARE UP 57% AT €633 MILLION Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: “Accor generated record-high results in 2023, with EBITDA breaking the €1 billion mark for the first time in its history. While there were numerous reasons for this success, the solid performances were above all attributable to the Group’s teams. I would like to thank them for their commitm...
Middle East Hotel Construction Pipeline Marks Highest Year-Over-Year Project Growth Since 2018
Lodging Econometrics (LE) | February 22, 2024
February 22, 2024 – PORTSMOUTH, NH – The Q4 2023 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) states that at the close of the fourth quarter, the region’s total pipeline stands at 607 projects/145,984 rooms. The region boasts an impressive 11% year-over-year (YOY) increase in projects and a 2% YOY rise in rooms, marking the most substantial growth by projects since Q1 2018. At Q4, there are 309 projects/83,308 rooms under construction, up 2% YOY by projects. Those projects scheduled to start construction in the next 12 months are at 110 projects/26,454 rooms, up 7% YOY by projects, while...
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