Rosewood Shanghai to Break Ground in 2022
Rosewood Hotels & Resorts | July 30, 2020
Radisson Hotel Group Signs With Silver Beach Hotel for First Beach Resort in Dubai
Radisson | March 24, 2020
Finance & Development
Radisson Collection to Debut in China With First Destination Resort in Nanjing
Radisson Hotel Group | August 5, 2020
Shanghai, China - August 5, 2020 - Radisson Collection, Radisson Hotel Group’s anthology of iconic lifestyle hotels, will arrive in China for the first time next year when it opens an outstanding low-rise resort, which will form a key part of a brand new integrated tourism complex in the Jiangsu Horticultural Exposition Park. Scheduled to launch in Q2 2021, Radisson Collection Resort, Nanjing will be set on the banks of a lake, amid an enchanting landscape of floral gardens. This elegant retreat will feature 151 spacious and stylish rooms and suites, ranging from 43 to 336 square meters. Suite guests will also enjoy exclusive amenities at...
HFTP Offers New Digital Format for the Uniform System of Accounts for the Lodging Industry (USALI), 11th Revised Edition
HFTP | August 4, 2020
Hospitality Financial and Technology Professionals (HFTP®) has just released a new format for the USALI, 11th revised edition: a digital version that is available through a subscription service. The popular guide is widely used internationally and its primary purpose is to offer operating statements formatted to provide hotel owners, managers and other interested parties with operational information pertinent to the lodging industry. The USALI was first published in 1926 and is currently in its 11th edition. The subscription will make it easy to access on multiple digital devices. "In 2018, HFTP purchased the copyright to the USALI with t...
Rosewood Shanghai to Break Ground in 2022
Rosewood Hotels & Resorts | July 30, 2020
Rosewood Hotels & Resorts® has been appointed by Shanghai-based property development company, Lonsen Land Group, to manage Rosewood Shanghai, a new hotel in mainland China set to break ground in 2022, with an expected opening in 2028. Ideally situated in the heart of Shanghai’s Jing’An District and Suhewan area, an emerging business and cultural hub, Rosewood Shanghai will offer travelers unparalleled access to the city. The announcement of Rosewood Shanghai underscores the brand’s careful, selective growth strategy in Asia and across the globe, as well as the strength of its impressive property pipeline, which is now the most rob...
Pebblebrook Hotel Trust Completes Sale of Union Station Hotel Nashville, Autograph Collection
Pebblebrook Hotel Trust | July 30, 2020
BETHESDA, Md. - Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 125-room Union Station Hotel Nashville, Autograph Collection in Nashville, TN for $56.0 million to a third party on July 29, 2020. Proceeds from the sale of Union Station Hotel Nashville, Autograph Collection will be utilized for general business purposes which may include reducing the Company’s outstanding debt....
Archipelago International Adds Two Hotels to Its Cuban Portfolio
Archipelago International | July 29, 2020
JAKARTA, Indonesia, July 29, 2020 - Archipelago International, Southeast Asia's largest privately owned and independent hotel operator, today announced that it has been awarded the management contracts for a further two hotels in Cuba. The first of these is the iconic Panorama Hotel in Havana. To be rebranded as the ASTON Panorama Hotel, the property, which first opened its doors in 2002, comprises 320 rooms and is best known for its impressive architectural design and superb location, facing the sea in the city's Miramar district. The second hotel is the Holguin Costa Verde Hotel, which will be rebranded as the ASTON Costa Verde Beach ...
M&R Hotel Management and Magnuson Hotels Rebrand 285-Room New Jersey Conference Center
M&R Hotel Management | July 29, 2020
M&R Hotel Management, a top US management company with operations across 5 states, has selected Magnuson Hotels, the fast-growing franchise alternative, to rebrand its 285 room Magnuson Grand & Conference Center Somerset-Bridgewater located in New Jersey. Formerly affiliated with Fairbridge Inns, the Magnuson Grand & Conference Center Somerset-Bridgewater is a full-service hotel featuring 8,000 sq. feet of meeting/banquet space for up to 300 guests. The hotel is located close to Rutgers University, corporate offices of Somerset, Bridgewater, New Brunswick, NJ Transit in New Brunswick, an hour from New York City. Through th...
Kyle Bass to Acquire 50% of the Assets of Fiamma Partners
Kyle Bass | July 27, 2020
DALLAS - Kyle Bass, Founder and Chief Investment Officer of Hayman Capital Management, has acquired a 50% equity stake in four real estate development and management companies owned by Frank Zaccanelli. Bass’ company, Mossad Bass, LLC, acquired 50% of Fiamma Partners, Fiamma Management, and Fiamma Statler, which have ownership interests in The Statler Hotel in Downtown Dallas. Bass also acquired 50% of the Zaccanelli-held company FZ WLRW, which owns part of the Entrada development in Westlake, Texas and the Riverwalk at Central Park development in Flower Mound, Texas. The deal will enhance the go-forward strategy of Zaccanelli’s...
Hard Rock Hotel New York Celebrates “Topping Out” at Future Times Square Location
Hard Rock | July 23, 2020
HOLLYWOOD, Fla., July 23, 2020 - Hard Rock International, one of the world's most iconic dining, entertainment and hospitality brands, and nationally acclaimed real estate developer Extell Development Company, celebrated their latest construction milestone with a "topping out" ceremony at the site of the future Hard Rock Hotel New York. This achievement marks the completion of the fundamental framework atop the 35th floor terrace of what is soon to be another marquee Hard Rock property. To celebrate this momentous occasion, Hard Rock, Extell and AECOM Tishman representatives hoisted the U.S. flag high above Times Square and hosted a socially...
Radisson Hotel Group Adds Six New Hotels in Africa
Radisson Hotel Group | July 23, 2020
CAPE TOWN, South Africa, July 21, 2020 -- Radisson Hotel Group (www.RadissonHotels.com) is proud to announce the addition of six new hotels to its African portfolio, bringing the total to almost 100 hotels across 32 African markets. Building on the recent announcement of its reinforced African development team structure, the announcement of the six new hotels further demonstrates the Group’s commitment to the continent. Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: “We believe in the vast potential of Africa. The addition of the six hotels, following the announcement of Radisson H...
Marriott Signs With PB Puerto Bahia Residence for Conversion of Grand Matlali Hills Resort & Spa
Marriott International | July 21, 2020
Marriott International, Inc. (NASDAQ: MAR) today announced it has signed an agreement to manage the first all-inclusive Delta Hotels by Marriott resort in the world, signaling that interest by investors for the all-inclusive platform launched by the company in August 2019 continues to be strong. Under the agreement, the current 117-room Grand Matlali Hills Resort & Spa resort, located in Riviera Nayarit (Mexico), is slated to undergo a significant transformation in order to meet the new all-inclusive brand extension concept of Delta Hotels by Marriott and is anticipated to be subsequently rebranded and managed by Marriott International in...
Radisson Signs 15 New Hotels Across EMEA in Q2 2020
Radisson Hotel Group | July 17, 2020
Brussels - July 16, 2020 - Radisson Hotel Group announces 15 new hotel signings across EMEA in Q2 2020. The new signings re-affirm the Group’s commitment to its ambitious 5-year development plan. Radisson Hotel Group continues to expand its new brand architecture and further strengthen its presence across EMEA. Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: “Our business is based on long term relationships built on trust and responsibility. Despite the unprecedented challenges we face, we continue to work closely with our stakeholders to support the business. We consequently expanded o...
Country Inn & Suites by Radisson, Columbus, Georgia Partners With Hotel Internet Services to Implement High Speed Wi-Fi
Hotel Internet Services, Inc. | July 14, 2020
COLUMBUS, Ga. — July 14, 2020 — Hotel Internet Services (HIS), a full-service provider of internet services and solutions for the hospitality industry, has announced the successful implementing of a high speed Wi-Fi network upgrade at the Country Inn & Suites by Radisson, Columbus, Georgia. Aiming to provide its guests with all of the amenities that make a hotel stay enjoyable and feel like home, Country Inn & Suites, Columbus had begun work on an extensive property-wide renovation that placed a top priority on first revamping its internet abilities due to being identified as one of most important services for guests. Since partne...
Hyatt Signs With Anolia Holdings Limited to Develop First Hotel in Cyprus
Grand Hyatt | July 13, 2020
CHICAGO (July 13, 2020) - Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel on the island of Cyprus, Grand Hyatt Limassol. The 300-room luxury resort is expected to open in 2025 and signifies Hyatt’s continued growth into Europe’s leading travel destinations. The new-build beachfront resort will be situated at a Blue Flag beach east of Limassol, one of the island’s most cosmopolitan cities. With a prime beachfront location on the southern coast of the island and 300 bold, light-filled rooms offering sea views, Grand...
Holiday Inn Express Debuts in New Zealand With First Hotel in Queenstown
IHG | July 13, 2020
InterContinental Hotels Group’s® (IHG) fastest growing hotel brand* has made its debut in New Zealand with the launch of Holiday Inn Express & Suites Queenstown opening its doors today, 10 July. Opened in partnership with Pro-invest Group, the new-build hotel welcomes guests in time for the start of the ski season, offering an unrivalled location on the corner of Stanley and Sydney Streets in Queenstown’s city centre. The hotel features 227 contemporary guest rooms including spacious suites – a Holiday Inn Express first in Australia and New Zealand – in addition to superior rooms which provide breathtaking views of Lake Wakati...
Rocco Forte Hotels Plans Five Star Hotel in Milan
| July 9, 2020
Set to open in 2023, Sir Rocco Forte's eighth Italian hotel will occupy the historic address in Via della Spiga July 2020 - Rocco Forte Hotels is proud to announce a new five-star hotel opening in Milan’s fashionable centre. It will be the first Rocco Forte property in the Italian city and is set to welcome guests in 2023 after a full refurbishment. Rocco Forte Hotel’s Director of Design, Olga Polizzi, will collaborate with interior designers Paolo Moschino and Philip Vergeylen to recreate an authentic Milanese experience that represents the sophistication and style of this design capital. Elegant interiors and furnishings will ac...
Hyatt Bringing Alila Brand to Southern California With First New-Build Resort in the Americas
Alila | July 9, 2020
CHICAGO (July 9, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today plans for the first new-build Alila resort in the Americas, located in Encinitas, Calif., a quintessential beach town in San Diego’s North County Coastal region. Developed by JMI Realty and Fenway Capital Advisors, Alila Marea Beach Resort Encinitas will add to Hyatt’s growing Alila brand portfolio, joining Ventana Big Sur, an Alila Resort, as the brand’s second hotel in California and the U.S., along with 14 other luxury properties worldwide. The Alila brand features luxury hotels and resorts in unique locations, distinguished by innovative eco-design, a stro...
Wyndham Hotels & Resorts Unveils Plans to Enter Nepal and Bhutan, Introduces Hawthorn Suites by Wyndham Brand in India
Wyndham Hotels & Resorts | July 7, 2020
PARSIPPANY, N.J., July 7, 2020 - Wyndham Hotels & Resorts, the world's largest hotel franchising company with 9,300 hotels across approximately 90 countries, today unveiled plans to open its first hotels in Nepal and Bhutan, while also announcing the recent opening of the Hawthorn Suites® by Wyndham Dwarka—the first Hawthorn Suites by Wyndham hotel in India. All three hotels are part of Wyndham's larger efforts to significantly expand its footprint across the Indian subcontinent and are complemented by additional properties in the region that either recently opened or are slated to open over the next nine months. Wyndham is currentl...
Hyatt To Expand Thompson Hotels Portfolio in the Southern US
Thompson Hotels | July 7, 2020
CHICAGO (July 7, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today the continued growth of the Thompson Hotels brand throughout the Southern United States with deals for two new properties—Thompson Savannah and Thompson Buckhead—expected to open in Georgia in 2021. Marking the brand’s entry into the state, these projects will join four other Thompson hotels already under development including Dallas, Houston, San Antonio and Austin, Texas. These six new properties are expected to join Thompson’s nine hotels across the United States and Mexico, many of which have resumed operations and are welcoming back guests. "We are e...
ProfitSword Provides Focus Hospitality Management With Latest in Business Intelligence Technology and Revenue Management Efficiency
ProfitSword, LLC | July 7, 2020
Full service hotel management company able to instantly obtain real-time performance metrics across portfolio and identify business risks or opportunities despite current market uncertainty. ORLANDO, Fla. – (July 7, 2020) – ProfitSword, hospitality’s premier developer of business intelligence and data integration software, has been selected by Focus Hospitality Management to enhance its strategic planning, operational management and revenue growth abilities with the implementation of ProfitSage. An award-winning hotel management company that provides in-depth expertise for all facets of a hotel’s operation and that oversees a diver...
Eldorado Resorts Announces FTC Clearance for Pending Merger With Caesars
Eldorado Resorts | June 29, 2020
RENO, Nev. - Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “Eldorado Resorts” or the “Company”) announced today that the Federal Trade Commission (the “FTC”) has accepted a proposed consent order, which concludes the FTC’s Hart-Scott-Rodino review of Eldorado’s pending merger (the “Merger”) with Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”). The FTC’s acceptance of the consent order satisfies all required antitrust clearances for the Merger. The consummation of the Merger remains subject to the satisfaction of other closing conditions, including receipt of all consents and approvals from the...
Hunden Partners Seeks Hotel Developer for High-Traffic Site at I-74 and IL-54
Hunden Strategic Partners | June 25, 2020
CHICAGO - June 25, 2020 - Hunden Strategic Partners (HSP), a leading advisor in destination real estate development, is issuing a Request for Qualifications (RFQ) on behalf of the City of Farmer City (City) from developers and/or development teams regarding the ultimate development of all or part of a 20-acre parcel (Project) at Interstate 74 and IL-54 in Farmer City, Illinois. The site has a daily traffic count of 22,000 along I-74 and 4,000 along IL-54. Located halfway between Champaign-Urbana and Bloomington-Normal, the development site sits approximately 1.5 miles from downtown Farmer City within a Business Improvement District, establ...
BLLA Collective: The Boutique Industry’s First Social Network
the Boutique & Lifestyle Leaders Association (BLLA) | June 24, 2020
LOS ANGELES (JUNE 23, 2020) -- Boutique Lifestyle Leaders Association (BLLA) unveils the BLLA Collective, the first social media platform for boutique hotels and businesses. BLLA Collective houses exclusive forums, messaging features, blog posts, activity feeds, and more for BLLA members with a BLLA Collective login. Users of the platform can post updates, such as articles and resources, and communicate with other boutique hoteliers and professionals as the industry adjusts to the post-pandemic landscape. “Just as boutique constantly innovates the hospitalit...
Hilton and Country Garden Announces New Strategic Cooperation to Develop 1,000 Home2 Suites by Hilton® in China
Hilton | June 23, 2020
FOSHAN, GUANGDONG, China and MCLEAN, Va. - Hilton (NYSE: HLT) today announced the signing of an exclusive management license agreement with Country Garden to introduce and develop the Home2 Suites by Hilton® brand in China. The agreement with Funyard Hotel Investment (Asia) Limited, a subsidiary of Country Garden, further expands the strategic cooperation between Hilton and Country Garden. “As our second largest market globally, China has consistently seen rapid growth and is forecast to become the world’s largest lodging market,” said Alan Watts, president, Asia Pacific, Hilton. “We know from our success with several existin...
Major Las Vegas Development Projects Status Update
Shannon Okada | June 22, 2020
As of the end of January 2020, prior to the closures of businesses determined to be non-essential and the announcement of stay-at-home recommendations due to COVID-19, the Las Vegas Convention and Visitors Authority (LVCVA) indicated that construction of over 12,000 hotel rooms was scheduled to be completed by 2023. While all announced projects may have not ended up being completed, strong visitation over the past few years, overall market hotel/motel occupancy of 88.9% in 2019, and the construction of projects that were expected to be major demand generators, warranted the development of significant guestroom supply at that time. While the p...
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