IHG Signs With Siamese Asset to Bring Crowne Plaza to Bangkok
IHG | December 3, 2020
Franchise agreement signed with long-term partner for Crowne Plaza Bangkok Rama 9 InterContinental Hotels Group (IHG®) has signed a landmark franchise agreement with real estate experts, Siamese Asset to expand its world-renowned Crowne Plaza brand in Bangkok. The new Crowne Plaza Bangkok Rama 9 hotel will open in 2025in a prime city location, close to the Thai capital’s new central business district. The announcement signals the first time IHG has completed a franchise agreement in Thailand, as they expand their relationship with long-term partner Kew Green, a franchisee of more than 40 hotels in the UK. Kew Gree...
Edwardian Hotels London Plans April 2021 Opening of The Londoner
Edwardian Hotels London | December 3, 2020
December 3 2020 - As some of the most prolific players in the London hospitality scene, Edwardian Hotels London has not slowed in their quest to launch The Londoner, at a time when the industry needs it most. Taking center stage on Leicester Square, The Londoner will welcome arrivals from April 2021, not only placing guests in the world’s first super boutique hotel, but also at the heart of the West End theatreland. Boutique in feeling yet staggering in scale, The Londoner is set to transform the city’s hotel landscape. In excess of £300 million of investment towards the group’s most ambitious project to date, Edwardian Hotels London ...
Hilton Plans Three New Hotels in Portugal
Hilton | December 2, 2020
LISBON and MACLEAN, Va. - Hilton (NYSE: HLT) today announced plans to double its portfolio in Portugal with agreements to open three new hotels, representing a combined investment of around EUR 60 million. The additions of Hilton Porto Gaia, Legacy Hotel Cascais, Curio Collection by Hilton and DoubleTree by Hilton Lagoa Azores mark a significant milestone for Hilton and underscore the company’s confidence in the Portuguese market. Patrick Fitzgibbon, Senior Vice President, Development, EMEA, Hilton, said: “With more than 24 million visitors last year, Portugal is perfectly positioned to capture pent-up consumer demand as internation...
Hyatt Signs With Olympus Property Holding Affiliate to Develop Hyatt Regency London Olympia
Hyatt Regency | December 1, 2020
Situated in a new development in West London, Hyatt Regency London Olympia will mark the second Hyatt Regency hotel in the capital LONDON (December 1, 2020) – Hyatt announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of Olympus Property Holding Limited to develop a new Hyatt Regency hotel in London. The 196-room hotel is slated to open in 2024 and will mark the eighth Hyatt-branded property and the second Hyatt Regency hotel in London. Hyatt Regency London Olympia will add to the current portfolio of Hyatt Regency hotels in the United Kingdom, joining Hyatt Regency Birmingham, Hyatt Regen...
The Asia Pacific Construction Pipeline, Excluding China, Remains Steady Year-Over-Year
Lodging Econometrics (LE) | December 1, 2020
December 1, 2020 – PORTSMOUTH, NH – According to the recent Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, remained steady year-over-year (YOY) to end the third quarter of 2020 at 1,820 projects/385,194 rooms, up 2% by projects and down slightly by 1% by rooms YOY. While coronavirus cases surge again across Europe and the United States, the Asia Pacific region has been one of the few regions of the world to successfully control the spread of COVID-19. This has allowed for hotel construction to continue throughout the ...
Austin to Experience a 10% Increase in Hotel Room Supply Over the Next 12 Months
HotelMarketData | December 1, 2020
HotelMarketData (HMD) Index indicates over 4,000 new hotel rooms under construction to become available in the Austin region by the end of Q4 2021 01-December-2020 – Chicago, IL – Austin, Texas anticipates a 10% increase in the supply of hotel rooms by the end of the fourth quarter of 2021. The total supply will increase from 40,676 currently available to over 44,790 available rooms as 26 hotels are slated to open in the Austin region over the next 12 months. According to the HMD Index, which provides real-time supply and construction pipeline data for the US hotel industry, the supply of luxury rooms within Austin is expected to ...
Wyndham Hotels & Resorts Plans First Wyndham Grand Property in Australia
Wyndham Hotels & Resorts | November 30, 2020
SINGAPORE (November 30, 2020) –Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 properties across 90 countries, is ramping up its plans for expansion in Australia with the announcement of Wyndham Grand® Adelaide, a major new landmark that will become one of the tallest hotels in South Australia and the first Wyndham Grand hotel for the country when it opens in 2024. Wyndham Grand Adelaide will rise 120 meters from King William Street in Adelaide’s Central Business District, becoming a new icon for the city. The estimated AUD150 million skyscraper is being developed by Equinox Propert...
Developer R&F UK and Hyatt Plan for Park Hyatt London River Thames at Nine Elms
Park Hyatt | November 25, 2020
CHICAGO --Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into management agreement with R&F UK for a new Hyatt-branded hotel in London. The 203-room Park Hyatt London River Thames is expected to open in 2022 and will be located within R&F UK’s Nine Elms development on the south bank of the river. The addition of the hotel to the U.K. market signifies Hyatt’s continued brand growth into Europe’s leading cities. “The addition of the Park Hyatt brand to London is a key milestone for Hyatt,” said Felicity Black-Roberts, vice president of development Europe, Hyatt. “It has always been a...
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