SLS Debuts in Middle East With Opening of SLS Dubai Hotel and Residences
Accor | April 5, 2021
Katara Hospitality Partners With Accor to Launch Maison Delano Brand
Katara Hospitality | February 9, 2021
Finance & Development
IHG Hotels & Resorts Signs Biggest Japan Conversion Deal in More Than a Decade
IHG Hotels & Resorts | April 15, 2021
IHG Hotels & Resorts and Iwate Hotel & Resort Co., Ltd. today announce the signing of an agreement to open or refurbish three hotels in Japan’s Appi region and badge them under world-class IHG brands in December 2021. With more than 1,000 rooms joining IHG’s Japan portfolio across the ANA InterContinental, ANA Crowne Plaza and ANA Holiday Inn brands, it marks the biggest deal IHG Hotels & Resorts has signed in Japan since it formed its joint venture with ANA in 2006. It is also the first time IHG will have three brands located on the one site. With hot springs, skiing and snowboarding in the winter, golf in the summer, ...
InterContinental Barcelona Set for Late Summer Opening in Spain
IHG Hotels & Resorts | April 15, 2021
Opening in late summer 2021, InterContinental Barcelona will offer three destination restaurants and bars and a luxury spa IHG Hotels & Resorts, one of the world’s leading hotel companies, will open InterContinental Barcelona in the city’s Montjuic district later this year, the global luxury hotel brand’s second hotel in Spain. As the world’s first and largest international luxury hotel brand, InterContinental Hotels & Resorts has pioneered luxury travel in new destinations and established, upmarket locations for 75 years. InterContinental Barcelona will deliver the renowned InterContinental experience, rooted in modern ...
Accor to Operate Downtown Miami’s New Legacy Hotel & Residences Developed by RPC Under the Morgans Originals Portfolio
Accor | April 14, 2021
MIAMI, FL - April 14, 2021 - Accor, a world-leading hospitality group, and Miami-based real estate developer RPC (Royal Palm Companies), announce a strategic agreement to manage and operate Downtown Miami's newest mixed-use tower, Legacy Hotel & Residences under the Morgans Originals brand. This news comes on the heels of Accor's latest phase of expansion following its acquisition of sbe's hotel brands and its planned joint venture with Ennismore, which will see the creation of one of the world's largest and fastest growing lifestyle operators. This announcement marks the launch of Morgans Originals, Accor's newest lifestyle bran...
Midas Hospitality to Develop First Newly Built Clayton, Missouri Hotel Since 1990
Midas Hospitality | April 14, 2021
Sister company Midas Construction to build the $47 million Residence Inn by Marriott St. Louis, Mo. - April 14, 2021 - A newly constructed hotel in the heart of Clayton, Missouri’s business district – the first hotel built since 1990 – is scheduled to open its doors in Fall of 2022. Leading hotel development, management and investment firm Midas Hospitality recently broke ground on its $47 million Residence Inn by Marriott. Located at 8125 Forsyth Blvd., the 12-story hotel will feature 170 extended stay rooms complete with fully equipped kitchens. The property is situated near the 47-acre Shaw Park, the city’s oldest and largest...
Curator Hotel & Resort Collection Welcomes Sage Hospitality Group as New Founding Member
Curator Hotel & Resort Collection | April 13, 2021
BETHESDA, Md. - April 13, 2021 - Announced today, Curator Hotel & Resort Collection (“Curator”) is bolstering its list of prestigious founding members with the addition of Sage Hospitality Group (“Sage”). Sage is joining a group of six other founding members: like-minded hotel owners and operators committed to working in cooperative competition to lift the independent hotel industry and provide incomparable experiences for travelers. Today, Sage is introducing ten member hotels to the Curator collection of properties, where they will be able to access best-in-class operating agreements, services, and non-proprietary technolog...
Hyatt Partners With Carlisle LLC for a Caption by Hyatt hotel in Memphis, Tennessee
Caption by Hyatt | April 13, 2021
CHICAGO – April 13, 2021 – Hyatt Hotels Corporation (NYSE: H) announced that a Hyatt affiliate has entered into a joint venture (JV) agreement with Carlisle LLC for a Caption by Hyatt hotel in Memphis, Tenn. The Caption by Hyatt brand is grounded in a commitment to caring for people and place and creating connections between them. “We’re excited to bring the Caption by Hyatt brand to Memphis, a brand that is truly committed to embracing the evolving needs of today’s traveler. We are confident this hotel will deliver on creating a welcoming space where both travelers and locals can hang out, be themselves, and feel connected to...
IHG Signs With Bonnington Hospitality JLT for voco Bonnington Jumeirah Lakes Towers Dubai
IHG Hotels & Resorts | April 12, 2021
IHG® Hotels & Resorts , one of the world’s leading hotel companies, has signed a franchise agreement with Bonnington Hospitality JLT for voco Bonnington Jumeirah Lakes Towers Dubai. Currently operating as Bonnington Hotel, home to the world-renowned McGettigan’s Pub & Restaurant group, the hotel will feature 208 keys and is expected to be rebranded to voco by Q3 2021. After the first voco opening in the Middle East in 2019, this latest development marks the tenth voco hotel in the Middle East and Africa region and adds to the growing brand portfolio with operating hotels in Dubai, Riyadh and Al Khobar and a strong pipeline acr...
Oxford Capital and Quadrum Global to Rebrand Iconic Michigan Avenue Hotel Into Le Méridien Essex Chicago
Le Méridien Essex Chicago | April 7, 2021
CHICAGO, IL — April 7, 2021 — Oxford Hotels & Resorts, LLC, the Chicago-based hotel management affiliate of Oxford Capital Group, LLC, today announces the rebranding of Hotel Essex, the luxury lifestyle hotel located on Michigan Avenue adjacent to Grant Park, as Le Méridien Essex Chicago. The property, owned by an Oxford joint venture with Quadrum Global, and managed by Oxford Hotels & Resorts, will continue to operate as an independent hotel until it officially joins the Marriott Bonvoy family this summer. “We are excited to join forces with Marriott International to marry our midcentury modern landmark Hotel Essex with the...
Luxor Capital Group Reveals Plans for New Ownership Partner of Ocean Casino Resort
OCEAN CASINO RESORT | April 6, 2021
ATLANTIC CITY, N.J. - April 6, 2021 - Luxor Capital Group, LP, the primary owner of Ocean Casino Resort, announced today that it is pursuing a partnership with the Ilitch organization. Subject to regulatory approvals and final closing conditions, the Ilitch organization would own, through an affiliate, up to 50% of Ocean, with Luxor owning the rest. This joint endeavor will bring to Atlantic City the extensive experience that the Ilitch organization has in the gaming industry through MotorCity Casino Hotel, Detroit's only locally owned and operated casino. MotorCity Casino Hotel offers luxury hotel accommodations and spa faciliti...
SLS Debuts in Middle East With Opening of SLS Dubai Hotel and Residences
Accor | April 5, 2021
DUBAI, United Arab Emirates, April 5, 2021 -- Accor, a world-leading hospitality group, today announced the expansion of the international SLS Hotels & Residences brand to the Middle East with the opening of SLS Dubai. Developed in partnership with World of Wonders Real Estate – the new property is one of Dubai's tallest buildings and is set to officially welcome guests and residents on April 5, 2021. The highly anticipated opening is a testament to the SLS brand's longstanding reputation and experience in creating and delivering extraordinary, unforgettable and timeless experiences. This news comes on the heels of A...
Virgin Hotels Partners With Silk Property Group for New Hotel in Glasgow, Scotland
Virgin Hotels | April 1, 2021
MIAMI - April 1, 2021 - Virgin Hotels, the lifestyle hotel brand by Virgin Group Founder Sir Richard Branson, announces plans to open and operate a new hotel in Glasgow, Scotland. Expected to open in 2022, Virgin Hotels Glasgow will be the brand's second Scottish hotel to be signed and will be managed by Virgin Hotels. The property will be located at 236-246 Clyde Street, which is in a prime City Centre position overlooking the River Clyde in the heart of Glasgow's shopping area, making it an ideal base to explore the city. The hotel will showcase panoramic river views and feature 242 Chambers and Grand Chamber Suites; meeting and even...
JdV by Hyatt Brand Expands into Canada With The 115-Room Anndore House in Toronto
JdV by Hyatt | April 1, 2021
CHICAGO - April 1, 2021 - Hyatt Hotels Corporation (NYSE: H) announced the continued expansion of the JdV by Hyatt brand with The Anndore House joining the brand today and plans for The Walper Hotel to join the brand later this year. This milestone signifies the JdV by Hyatt brand’s intentional growth in a new market while offering experiences in places that matter most to guests, members, customers and owners. While the brand has 14 properties across the United States and China, The Anndore House marks its debut in Toronto today, and The Walper Hotel is currently slated to join the JdV by Hyatt brand this May. “We are thrilled to i...
Mexico’s Mystique Holbox by Royalton to Join Marriott International’s Tribute Portfolio Brand
Sunwing Travel Group | April 1, 2021
Sunwing Travel Group is pleased to announce that Mystique Holbox by Royalton will be joining Marriott International’s portfolio and is expected to align with the Tribute Portfolio brand later this year. The news follows last month’s monumental announcement that Sunwing Travel Group’s resort division, Blue Diamond Resorts, had entered into a long-term agreement with Marriott International. The move will bring one of Mexico’s most stylish destinations to the Tribute Portfolio, Marriott International’s growing global family of independent hotels highly regarded for their unique, captivating design and vibrant social experiences. ...
Hyatt Signs With Metric Ventures for Second Hyatt Regency Hotel in Uzbekistan
Hyatt Regency | March 31, 2021
ZURICH – March 31, 2021 – Hyatt today announced that a Hyatt affiliate has entered a franchise agreement with Metric Ventures LLC (which is owned by Mr. Murari Lal Jalan, Chairman at MJ Developers) for Hyatt Regency Bukhara. Slated to open in 2022, the 223-room hotel will be the second Hyatt Regency hotel in Uzbekistan and marks Hyatt’s ambition to further strengthen its brand footprint in Central Asia. Set to be located on a 6.78 acres (2.75 hectares) site just outside the historic city, Hyatt Regency Bukhara will connect guests seeking inspiring experiences with the mosques, madrasas and remains of old bazaars that the city is ren...
Sonesta Launches Global Hotel Franchising Organization
Sonesta | March 31, 2021
Positioned to Grow Current Base of Approximately 1,200 Franchised and Managed Hotels and Leading Brands Across Multiple Customer Segments Brian Quinn Appointed as Sonesta Franchising’s Chief Development Officer Newton, MA – March 31, 2021 – Sonesta International Hotels Corporation (Sonesta) today announced the launch of its renewed global hotel franchising organization. Less than ten days after completing its acquisition of RLH Corporation, Sonesta is now one of the largest hotel companies, with approximately 1,200 franchised and managed properties. The company offers a complete platform of franchise services, hotel operations, and f...
Valor Hospitality Partners Plans Summer Opening of 106 Jefferson in Huntsville, Alabama
106 JEFFERSON | March 30, 2021
HUNTSVILLE, Ala. – March 30, 2021 –Valor Hospitality Partners announced today plans to open 106 Jefferson, a 115-room boutique upper upscale hotel in the heart of charming downtown Huntsville, Alabama in summer 2021. Part of Curio Collection by Hilton™, 106 Jefferson will offer an exceptional hotel experience rooted in the spirit of the community with a look and feel harkening back to the era of the space race that lifted the community to new heights. Built on the historic site of the former Huntsville Hotel, an iconic hot spot during the Victorian era, the property will be walkable to bustling downtown Huntsvi...
Omega Hotel Group Acquires Hampton Inn & Suites in the Florida Panhandle
JLL | March 30, 2021
MIAMI – March 30, 2021 – JLL Hotels & Hospitality announced today that it has closed the sale of the Hampton Inn & Suites I-10 North hotel located in Pensacola, Florida. JLL represented the seller in completing the transaction to the buyer, Omega Hotel Group. The Hampton Inn & Suites I-10 North was built in 2006 and is located at 7050 Plantation Road and totals 85 keys. The Property is strategically positioned near the junction of Interstates 10 and 110 and proximate to Pensacola International Airport, Port of Pensacola, Pensacola Beach and the Naval Air Station. The Florida Panhandle is continuously demonstrating positive ...
Avison Young 2021 Transactions
Avison Young | March 25, 2021
ATLANTA – March 25, 2021 – Avison Young Hospitality Group announced today that the firm has just closed its 14th hotel transaction of the 2021 year. The closed hotel transactions were across many brand families and located from California through the Midwest and eastern seaboard states. Most of the assets were in the mid-market to upper mid-market tiers. Keith Thompson said, “We are beginning to see transactions close at the best rate since the start of COVID and it is our expectation that 2021 will be a much stronger investment cycle than the second half of 2020.”...
Choice Hotels Reveals The Comfort® Rise & Shine Prototype
Comfort | March 25, 2021
ROCKVILLE, Md. - March 25, 2021 - Choice Hotels International, Inc. today unveiled the new Comfort Rise & Shine prototype as the next milestone for its flagship, upper midscale brand. The prototype celebrates the successes of the iconic brand as Comfort marks its 40th anniversary this year, and positions the brand for continued performance and system growth. The first new construction Rise & Shine prototype hotels are expected to open in 2023. "At Choice, we're always building, innovating and evolving, with guest satisfaction and owner return at the forefront of what we do," said Pat Pacious, president and chief executive officer...
Avison Young Closes Hotel Loan Portfolio
Avison Young | March 25, 2021
ATLANTA – March 25, 2021 – Avison Young Hospitality Group announced today that the firm has closed on a hotel loan portfolio led by Avison Young principal, Andrew Broad. The portfolio consisted of multiple hotel loans in the Carolinas secured by upper midscale Marriott branded hotels. Andrew Broad, Principal said, “This portfolio loan sale represents what could be the next transaction market cycle. MCR Development was the purchaser of the portfolio and we have deep history with them. In the 2021 hotel transaction market, the greatest character traits a buyer can have is, credibility, capability, and the willingness to do what they sa...
Hilton Signs With Dhabi Hospitality for DoubleTree by Hilton Islamabad West in Pakistan
DoubleTree by Hilton | March 24, 2021
ISLAMABAD, Pakistan - March 24, 2021 - Hilton will be bringing its hospitality to Pakistan once again. An agreement signed with Dhabi Hospitality will see its upscale DoubleTree by Hilton brand launch in the city of Islamabad in 2025. Carlos Khneisser, vice president of development, Middle East and Africa, Hilton said: “This is a landmark agreement for Hilton that signals our re-entry to the Pakistan market. We are doing so as part of a groundbreaking development in the country’s business capital and one which will offer unparalleled convenience for travelers to the New Islamabad International Airport, which is ultimately expected to...
Radisson Signs With Axcel Group Limited for Radisson RED London Garwick Airport
RADISSON RED | March 23, 2021
Radisson Hotel Group announces the signing of Radisson RED London Gatwick Airport – located in proximity to the terminal at the second busiest airport in the UK. This is the second Radisson RED property at a UK airport, offering guests memorable, playful experiences in major hubs for international travel. Set to open in Q3 2021, the creative hotel will offer 185 contemporary designed guest rooms, a bistro style restaurant and bar, a well-equipped fitness room, as well as social meeting spaces in bold design waiting to kickstart the fun. Adela Cristea, Vice President, Head of Business Development UK & Ireland, Radisson Hotel Group...
Aimbridge Hospitality Selected by Dreamscape Companies to Manage Las Vegas Multi-Brand Project
Aimbridge Hospitality | March 23, 2021
PLANO, Texas - March 23, 2021 - Aimbridge Hospitality, the leading, global, third-party hotel management company, has been engaged by Dreamscape Companies as their operating partner to reposition the Rio Las Vegas to multiple Hyatt full-service brand offerings. "Aimbridge Hospitality's capabilities, depth of expertise, and resource-rich support is unrivaled; I couldn't think of a better team as our hotel operations partner for this venture," said Eric Birnbaum, Founder & CEO of Dreamscape Companies. "By pairing their operational expertise with our investment team, we have created a differentiated platform and opportunity to unlock valu...
Marriott International Signs Agreement With Al Saedan Group to Bring Three Hotels to Saudi Arabia
Marriott International | March 23, 2021
March 23, 2021 - Marriott International, Inc. (NASDAQ: MAR) today announced it has signed an agreement with Al Saedan Group, a leading real estate company in the Middle East, to open three hotels across Saudi Arabia. The multi-project agreement includes the country and territory’s first Renaissance Hotel, the world’s largest Aloft Hotel and a Courtyard by Marriott in the Holy City of Makkah. All three properties are projected to open by 2025. “We are pleased to build on our fantastic relationship with Al Saedan Group and further expand our portfolio across Saudi Arabia with these milestone signings,” said Satya Anand, President for...
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