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Choice Opens Two New York Comfort Inn Hotels in Brooklyn and Long Island City

May 29, 2019

ROCKVILLE, Md., May 29, 2019 -- Comfort hotels, franchised by Choice Hotels International, Inc. (NYSE: CHH), continues its nationwide expansion with the opening of two hotels in Brooklyn and Long Island City, N.Y. The newly built hotels are the latest to open as part of the brand's multi-year transformation, featuring updated room and public space designs, as well as the new Comfort logo. The Comfort brand has more than 300 properties in its pipeline, 80 percent of which are new construction. More than 60 Comfort hotels are expected to open this year in major cities across the United States, including Dallas; Nashville, Tenn.; Pitts...

IHG Signs With Omenport Developments for Hotel Indigo® London – Clerkenwell

May 29, 2019

IHG® (InterContinental Hotels Group), one of world's leading hotel companies has signed a Management Agreement with Omenport Developments Ltd for Hotel Indigo® London – Clerkenwell. The 151-room hotel will be the fifth Hotel Indigo in London and is expected to open in early 2021. Located in the heart of the city, Hotel Indigo London – Clerkenwell brings a brand defining property to IHG's pipeline. Established in 2004, Hotel Indigo is IHG's upscale boutique brand and has over 100 hotels across more than 15 countries. The brand is set to double its portfolio presence over the next three to five years and continue its g...

CoralTree Hospitality Group to Manage The Eddy Hotel in Golden, Colorado

May 28, 2019

Denver, Colo. – May 28, 2019 – Tom Luersen, president of CoralTree Hospitality Group, today announced that the company has been selected by Confluence Companies to manage The Eddy Hotel in Golden, Colo. Construction will begin shortly on the 49-room boutique hotel, which is expected to open summer 2021. "This is an exciting new project for CoralTree," said Luersen. "Golden is an incredibly vibrant community – it's truly the gateway to the Rockies. With the whitewater playpark downtown, an emerging food scene and a welcoming spirit, it's the perfect place for a hotel like The Eddy. We are thrilled that Confluence select...

Noble Breaks Ground on Element by Westin in West End Neighborhood of Nashville, Tennessee

May 28, 2019

ATLANTA, May 28, 2019 -- Noble Investment Group ("Noble") today announced they have broken ground on the Element by Westin Nashville. Located in the renowned West End neighborhood of Nashville, Tennessee, the hotel will be the brand's debut in Nashville and will open in 2020. The upscale, lifestyle hotel will be a part of the vibrant 19-acre mixed-use development, oneC1TY. Anchored by Vanderbilt University, three major medical centers and foremost health care providers, significant corporate headquarters and Nashville's famous Music Row, the hotel will be prominently located in one of the fastest growing markets in the...

Radisson Hotel Group Celebrates Opening of Radisson Blu Forest Manor Shanghai Hongqiao in Shanghai, China

Radisson Hotel Group | May 28, 2019

Shanghai, China - May 28, 2019 - Radisson Blu, the upper upscale hotel brand that delivers personalized service in stylish spaces, has continued to expand its portfolio in China with the opening of an urban resort in Shanghai. Situated in the city's rapidly-expanding Hongqiao business district, Radisson Blu Forest Manor Shanghai Hongqiao is built from a blueprint based on the concept of Royal Spanish courtGuests are welcomed into a marble lobby illuminated by chandeliers, and the 439 rooms and suites are similarly striking, with refined furnishings and amenities. Also, they will be able to enjoy picturesque views of the resort's pools a...

Hotel Motel Inc. Breaks Ground on 104-Room Cambria Hotel Fort Lauderdale Beach in Southern Florida

Cambria Hotels | May 28, 2019

ROCKVILLE, Md., May 28, 2019 -- Construction has begun on the Cambria Hotel Fort Lauderdale Beach, franchised by Choice Hotels International, Inc. (NYSE: CHH) and developed by Hotel Motel Inc. The hotel will be within short walking distance to public North Beach access when it opens in 2020. This is Cambria Hotels' second hotel in the city, joining the Cambria Hotel Fort Lauderdale Airport South & Cruise Port. The 104-room Cambria Hotel Fort Lauderdale Beach, which will be located at 2231 N Ocean Blvd., will offer ocean views and convenient access to The Strip, the city's popular waterfront promenade with dining and retail o...

Sheraton Hotels & Resorts Unveils Sheraton Grand Tbilisi Metechi Palace Following Full-Scale Renovation

Sheraton Hotels & Resorts | May 28, 2019

Sheraton Hotels & Resorts, Marriott International's most global brand, has unveiled the transformation of the iconic Sheraton Grand Tbilisi Metechi Palace following a full-scale renovation. Carrying the Sheraton Grand designation, the property truly delivers on the heritage and sophisticated design that characterises these hotels. "Following a stunning transformation of this iconic property, we are very proud to welcome the Sheraton Grand Tbilisi Metechi Palace into this distinguished set of hotels," said John Licence, Vice President Premium and Select Brands Europe at Marriott International. "The designation of the Sheraton Grand stat...

Atlanta’s Historic Candler Building Begins New Life as 265-Room Boutique Hotel in July Under Hilton’s Curio Collection

May 23, 2019

May 24-- May 24--It was once Atlanta's tallest building, a 17-story beaux-arts tribute to Coca-Cola founder Asa Candler. For 100 years it has been home to the city's "finest baths" (back when that was a selling point), the law offices of famed attorney Johnnie Cochran, and a bank vault rumored to have briefly held the formula for Coke. But in two months, the Candler Building, with its grand marble staircase, brass gargoyles, detailed friezes and Tiffany windows, will become Atlanta's newest boutique hotel. SEE MORE: CANDLER BUILDING Take a sneak peek inside the new Candler Hotel Atlanta AJC Flashback Photos: At...

Rocco Forte Hotels Unveils the New Hotel de la Ville Following Extensive Renovation of Historic 18th Century Palazzo

Rocco Forte Hotels | May 23, 2019

LONDON, May, 23 2019 -- Rocco Forte Hotels has unveiled their second hotel in Rome today, Hotel de la Ville, following an extraordinary renovation to the historical 18-century palazzo. Located in the heart of Rome, atop the Spanish Steps with sweeping views of the Eternal City, the hotel's enviable setting is a destination in itself. The 104 well-appointed rooms and suites are amongst the most elegant and spacious in Rome, while the signature suites offer unrivalled panoramic views of the city from their large terraces. The magnificent Suite de la Ville located on the 8th floor, and accessible by a private elevator, is the hotel'...

BENCHMARK® Adds Washington’s Skamania Lodge to Management Portfolio

The Columbia River Gorge | May 23, 2019

The Woodlands (Houston), Texas, May 2019 … BENCHMARK®, a global hospitality company, has announced that Skamania Lodge, in Stevenson, Washington, has joined its expanding Benchmark Resorts & Hotels portfolio. The 258-guest room Skamania Lodge is set on 175 densely forested acres overlooking the Columbia River Gorge National Scenic Area, just 45 minutes from Portland, Oregon. The resort, owned by Pebblebrook Hotel Trust, is renowned for its Cascadian style architecture, natural woods, state-of-the-art conference center built to IACC standards, authentic Northwestern cuisine, and awe-inspiring, 360-degree Gorge views. Besides its a...

Hawkeye Hotels and JR Hospitality Launch Historic Rehab to Convert Vacant Minneapolis Building to Dual-Branded Hilton Hotels

Hawkeye Hotels | May 23, 2019

MINNEAPOLIS – This month, a major rehab process will breathe new life into one of the city's vacated historic properties, as Iowa-based Hawkeye Hotels and Minnesota-based JR Hospitality begin rehab on a dual-branded hotel in downtown Minneapolis. This is the city's first Home2 Suites by Hilton and first Tru by Hilton. These hotels are the companies' 11th and 12th joint ventures together in the greater Minneapolis-Saint Paul area. "To our team, it's an honor to bring both of these hotel flags to Minneapolis for the first time," said Damen Trebilcock, Vice President of Development at Hawkeye Hotels. "W...

Legoland Florida Resort Sets 2020 Opening Date for Pirate Island Hotel in Winter Haven

May 22, 2019

May 23-- May 23--WINTER HAVEN -- Legoland Florida Resort is now taking reservations for Pirate Island Hotel and has set an opening date of May 22, 2020. The Winter Haven attraction announced plans in January to build a second hotel. The existing Legoland Hotel opened in 2015. The theme park also announced that it will open a 9-hole miniature golf course on Friday. The course is open only to hotel guests. In what Legoland calls a "limited-time offer," the booking of two nights at Pirate Island Hotel yields one free night. Legoland didn't reveal rates in a news release, but its website showed a three-night package available ...

Richard Branson’s Virgin Hotel opening in New Orleans in 2021; hotel will cost $80M, host 230 rooms

May 22, 2019

May 23-- May 23--Virgin Group's idiosyncratic founder, Richard Branson, shoveled dirt with Mayor LaToya Cantrell Thursday to symbolically mark the start of construction on a new 230-room Virgin Hotel, which is slated to open in 2021. The $80 million project, going up at 550 Baronne Street, on the corner of Layette Street in the Warehouse District, is a joint venture with Maryland-based Buccini/Pollin Group, which is also in partnership with Virgin Hotels on a project in Nashville, Tennessee. The New Orleans hotel, which will be managed by Virgin Hotels and jointly owned with BPG, will be the seventh Virgin Hotel to open in the U.S. ...

Owned and Managed by Whitestone Hospitality, Aloft Dallas Arlington Entertainment District Opens in The Village at Ballpark

Aloft Hotels | May 22, 2019

Arlington, TX – May 22, 2019 – Aloft Hotels, Marriott International's innovation incubator brand, built with a forward-looking lens and the infrastructure to experiment with emerging technologies, announced the opening of the Aloft Dallas Arlington Entertainment District. The 136-room hotel located at 2140 East Lamar Boulevard will operate as a Marriott franchise, owned and managed by Whitestone Hospitality of Irving, Texas. Located in The Village at Ballpark, 10 miles from Dallas/Fort Worth International Airport, the Aloft Dallas Arlington Entertainment District offers guest convenient access to Six Flags Over Texas, Globe ...

20th Century New York Mansion Joins The Ascend Hotel Collection

May 21, 2019

ROCKVILLE, Md., May 21, 2019 -- The Ascend Hotel Collection by Choice Hotels International, Inc. (NYSE: CHH), a portfolio of unique, boutique, and historic hotels and resorts that reflect their surrounding community, now has a century-old mansion in Johnson City, N.Y., among its members. Traditions at the Glen has welcomed the likes of Dwight Eisenhower, Eleanor Roosevelt, and Bing Crosby to its halls, and today, invites all guests to experience its distinguished legacy. The 41-room Traditions at the Glen is located at 4101 Watson Blvd. along the Susquehanna River and 18-hole championship fairways once played by golf legends Ben Hogan a...

Aqua-Aston Hospitality Adds CopperWynd Resort & Club in Scottsdale, Arizona to Management Portfolio

Aqua-Aston Hospitality | May 21, 2019

HONOLULU-- May 21, 2019 --Aqua-Aston Hospitality, a leading hotel and resort management group and an operating business of Marriott Vacations Worldwide Corporation (NYSE: VAC), is pleased to welcome CopperWynd Resort & Club in Scottsdale, Arizona, to its portfolio of nearly 40 properties. CopperWynd is the company's first managed resort in Arizona. The property is currently undergoing an extensive $60-million renovation and expansion, and following the development's anticipated completion in 2020, CopperWynd will join the ranks of Autograph Collection Hotels. Marriott International's Autograph Collection celebrates individuality and in...

Avison Young Announces Recent Closings

Avison Young | May 21, 2019

ATLANTA – May 22, 2019 – Avison Young Hospitality Group announced the firm closed four hotel transactions over the past 4 weeks. The properties consist of a resort hotel in Lake Tahoe, a full-service hotel in Louisianan, an all suites hotel in the upper Midwest and a limited service hotel in Virginia Beach. The clients represented consists investment funds, a CMBS servicer and a brand franchisor. Since 2013, the Avison Young Hospitality Group has closed 106 Marriott branded hotels, 72 Hilton branded assets, 50 IHG branded assets and 163 historic, upscale boutique, resort and other branded hotels. ...

Hyatt Signs With Realtejo – Hotelaria e Turismo to Develop Hyatt Regency Lisbon in Portugal

Hyatt Regency | May 20, 2019

CHICAGO-- 20 May 2019 -- Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise and related agreements with Realtejo – Hotelaria e Turismo, S.A., owned subsidiary of United Investments Portugal and Fibeira, to develop the first Hyatt branded hotel in Portugal: Hyatt Regency Lisbon. Expected to open in late 2020, the hotel will feature 200 hotel rooms and apartments and will be located between Rua Guerra Junqueiro and Avenida da Índia, a stunning waterfront location facing Tejo River. The foray into Lisbon, Portugal's coastal capital city, is an important milestone for Hyatt, si...

Former NH Carlton Amsterdam Reopens as NH Collection Amsterdam Flower Market Following Complete Renovation

NH Hotel Group | May 20, 2019

Amsterdam May 20, 2019 - NH Carlton Amsterdam is history as NH Hotel Group welcomes with NH Collection Amsterdam Flower Market the fifth member to its premium NH Collection brand in the Netherlands. The 233 rooms of the 4-star superior hotel are situated in a distinctive building from the 1920s and located in the historic city center of Amsterdam. The Spanish interior and architecture studio TBC Interiorismo collaborates for the ninth time with NH Hotel Group after creating the interior of NH Collection Berlin Friedrichstraße and NH Collection Gran Via in Madrid, and there are more interior design projects in the pipeline: For exa...

Ormond Group’s New Social Hotel Brand, MoMo’s, Set for October 2019 Debut in Kuala Lumpur

May 20, 2019

20th May 2019 - MoMo's, Ormond Group's new playful hospitality concept, will launch its first property in central Kuala Lumpur within the eclectic Chow Kit neighborhood this October. Home to 99 guest rooms, MoMo's KL will be a newly renovated, exciting hangout in the city, providing a fun and laid-back multi-dimensional space where visitors and locals can collide in harmony. MoMo's celebrates creative collaboration whilst offering a design-led lifestyle hotel at a value-for-money price point. Alongside micro rooms, MoMo's KL will provide guests with a dynamic social space that engage with creative communities and urban nomads. The hotel...

Host Hotels & Resorts Plans June Unveiling of Multi-Million Renovation of The Whitley, a Luxury Collection Hotel in Atlanta

The Whitley | May 20, 2019

ATLANTA – May 20, 2019 – All eyes will be set on Atlanta this June as The Whitley, a Luxury Collection Hotel, Atlanta Buckhead, owned by Host Hotels & Resorts, officially unveils its multi-million-dollar transformation to reclaim the hotel's standing amongst the most luxurious hotels in the country. The Whitley's renovation includes a redesign of all 507 rooms (including 56 spacious suites) and a remodeled reception and lobby area that reflects a traditional Southern front porch. In addition, a 5,000-square-foot Legacy Ballroom has been recently added with space for 300 guests, Trade Root Restaurant and Lounge has been renovated and i...

O’Reilly Hospitality Management Opens Cambria Hotel Omaha Downtown

Cambria Hotels | May 17, 2019

ROCKVILLE, Md., May 17, 2019 -- Choice Hotels International, Inc.'s (NYSE: CHH) upscale Cambria Hotels brand marked its arrival in Nebraska with the grand opening of the Cambria Hotel Omaha Downtown. The 128-room hotel is the newest addition to Omaha's growing NoDo district and will entice modern travelers visiting the area with captivating design, local flavors, contemporary amenities, and convenient access to popular Omaha destinations. Following a ribbon cutting ceremony, guests celebrated with area-inspired fare and drinks from Brickway Brewery & Distillery, Empyrean Brewing Company, Nebraska Brewing Company, and Zipline...

Sam Moon Group Begins Construction of Hyatt House in North Houston’s Metropark Square

Sam Moon Group | May 17, 2019

DALLAS – May 17, 2019 – Sam Moon Group announces the commencement of construction for a Hyatt House extended stay hotel at the Metropark Square mixed-use development in Shenandoah, Texas. The 5-story, 148-room hotel is slated to open in November 2020. The hotel developer is Sam Moon Group; contractor is VCC and architect is Type Six. The senior lender for the project is Veritex Community Bank and Bedrock Group raised EB-5 Funds for the construction of the Hyatt House Metropark Shenandoah/The Woodlands. "We are excited for the closing of financing and to begin construction with our partners VCC on Hyatt House Metropark Shenan...

How to Add Value to Your Hotel Asset

Carrie Russell | May 16, 2019

By Carrie Russell At the most basic level, the value of a hotel is based on the property's net income divided by a capitalization rate. As such, one has two possible levers to adjust as a means of increasing a property's value: either increase the property's net income or decrease the capitalization rate. The capitalization rate, which is a factor that represents both the risk and the desired return associated with a given asset, is in actuality difficult to influence. Firstly, returns are market driven, which means that the capitalization rate is determined by market forces, not the will of owners. Secondly, it is the buyer's perceptio...

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