Development
Under Canvas Announces First California Camp, Near Yosemite National Park
Under Canvas | April 16, 2024
Set to debut in spring 2025, minutes from the West entrance of Yosemite National Park, the brand’s highly anticipated California camp is now accepting reservations DENVER, CO. (April 16, 2024) – Today, Under Canvas, the leader in upscale, outdoor hospitality, announced Under Canvas Yosemite – the company’s first-ever California camp – will open in the spring of 2025. The brand’s 12th camp, Under Canvas Yosemite, is set in a serene, mountainside forest surrounded by mature, Yosemite-native trees, just 10 minutes from the west entrance of Yosemite National Park at Big Oak Flat Information Station. The idyllic, 80-acre camp is wi...
Hilton Announces 2023 Americas Development Award Winners
Hilton | April 15, 2024
Today, Hilton revealed its 2023 Americas Development Awards which recognize the achievements of owners, development partners, and hotel teams in the Americas across several categories. These annual awards celebrate the resiliency and commitment of our owners and team members who spread the light and warmth of hospitality. “We are thrilled to celebrate our owner and development partners who are the recipients of the 2023 Americas Development Award,” said Danny Hughes, president, Americas, Hilton. “Over the last year, we’ve seen travel continue to grow across the Americas, creating even more opportunities for our partners to welco...
Planning Phases of U.S. Hotel Pipeline Reflect Confidence in Travel
CoStar Group | January 18, 2024
WASHINGTON – 18 January 2024 – Activity in the planning phases of the U.S. hotel pipeline remain up, while rooms in construction decreased after two months of gains, according to CoStar’s December 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. U.S. Hotel Pipeline December 2023 (percentage change from December 2022) In construction: 152,114 rooms (-4.5%) Final Planning: 255,039 rooms (+19.7%) Planning: 318,597 rooms (+32.7%) “The number of rooms in construction fell in December following a nearly 7% increase in October that held steady...
Hyatt Plans Growth in Luxury and Lifestyle Brand Footprint With a Development Pipeline of More Than 30 Planned Hotels and Resorts in the Americas Regi
Hyatt | September 19, 2023
CHICAGO (September 19, 2023) – Hyatt Hotels Corporation (NYSE: H) continues to strategically grow its luxury and lifestyle brand footprint with a strong development pipeline of more than 30 planned hotels and resorts in the Americas region through 2025, including the expansion of Hyatt brands into new markets. Over the last five years, globally, Hyatt has doubled its number of luxury rooms, tripled the number of resort rooms, and quadrupled the number of lifestyle rooms – and the momentum continues. Hyatt is the fastest growing luxury portfolio, with luxury, lifestyle, and resort hotels now making up over 40% of Hyatt's portfolio, rein...
Marriott International’s Strong Conversion Activity Helps Drive Robust Growth in the Caribbean and Latin America
Marriott International, Inc. | July 20, 2023
Hotel conversions continue to have real momentum in the Caribbean and Latin America (CALA) region and in recent years have become an important growth driver for Marriott International. Hoteliers and investors are leveraging the efficiencies and advantages of renovating and rebranding existing properties, further expanding the breadth of Marriott’s portfolio, consisting of 31 global brands. According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22 percent on the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallels ...
LRE & Companies Reveals Plans for Mixed-Use Development in Rocklin, CA to Include Hilton Garden Inn
LRE & Companies | April 13, 2023
SAN RAFAEL, CA — April 13, 2023 — LRE & Companies, a real estate development, asset manager, construction, and hotel management company, has revealed the plans for University Square, a 10-acre mixed-use development project at the intersection of Sunset Boulevard and University Avenue in Rocklin, CA. With retail and hospitality components, University Square is the developer’s first project in the city but second in Placer County. The project is slated to be completed by year-end 2025. “University Square is another example of us following through with our approach of developing at dynamic intersections in growing market...
Hotel Conversions to Residential Use Heat Up
Rod Clough | April 12, 2023
By Rod Clough, Koby Kearney As economy and budget hotels are nearing the end of their economic life, some properties are finding new capital for renovations from buyers seeking to convert properties to residential use. We have compiled a sample list of hotels that have gone through this metamorphosis, illustrated at the bottom of this article. These transactions reflect the following range of prices per room. Price Per Key for Hotel to Residential Conversions Source: HVS We want to caution buyers, particularly municipalities that may not be savvy hotel buyers, not to overpay for these assets, as these dated hotels should be avai...
Chartwell and Southstar Break Ground on $500M Mixed-Use Aureum Project in Franklin, Tennessee
Chartwell Hospitality | February 13, 2023
NASHVILLE, Tenn.--Chartwell Hospitality, in a joint venture with co-developer Southstar, broke ground on their $500 million Aureum Project. Aureum is a 22-acre mixed-use project that will offer residents unique living, working, and entertainment options in one premier location known as the “Golden Corner” of Franklin, TN. Aureum’s first phase will consist of 355 residential units for sale and rent which Chartwell Residential will develop. The development will include office space, retail, and entertainment venues, along with two hotels to be developed by Chartwell Hospitality. In addition, Aureum will offer more than five acres of op...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent