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...
Ennismore to Expand Presence in Spain With Two Hotels: Mondrian Ibiza and Hyde Ibiza
Ennismore | December 15, 2022
NEW YORK, Dec. 15, 2022 -- Ennismore, the fastest-growing lifestyle hospitality company, along with Grupo Azul Mar Cala Llonga owned by Apollo, announces the expansion of its global collective in Spain, with two new Mondrian and Hyde hotels on the island of Ibiza. Mondrian Ibiza and Hyde Ibiza are set to open on the scenic bay of Cala Llonga in June 2023 and will include nine food and beverage outlets with highly programmed pool spaces, nightlife and music venues. The project reflects Ennismore's significant growth in the region, with 15 hotels opening in Europe in 2023. Hyde Ibiza Chadi Farhat, Brand Chief ...
Olympia Hotel Management to Operate The Crossroads Inn on the Campus of Vassar College
Olympia Hotel Management | December 12, 2022
December 12, 2022. Poughkeepsie, New York. Olympia Hotel Management has announced that it has been selected to develop and operate a new hotel called The Crossroads Inn and its restaurant, The Salt Line, located on the campus of Vassar College in Poughkeepsie, New York. The Crossroads Inn and The Salt Line are part of a new conference complex called The Vassar Institute for the Liberal Arts. The Vassar Institute will convene scholars and thought leaders from Vassar, the local area, and around the globe. Reflecting the Vassar ethos of “going to the source,” the Institute will create a space for meaningful dialogue and lively debate....
Hilton Expands Nevada and Mountain Resorts Portfolio With Signing of Waldorf Astoria Lake Tahoe
Hilton | December 5, 2022
LAKE TAHOE, Nev. and MCLEAN, Va. – Today, Hilton (NYSE: HLT), announced the signing of a brand and management agreement with EKN Development Group to welcome the iconic Waldorf Astoria Hotels & Resorts brand to Nevada’s Crystal Bay and Incline Village community with the all-season Waldorf Astoria Lake Tahoe, expected to debut in 2027. Situated on a 15-acre site, the mixed-use development will introduce 76 guest rooms and 61 best-in-class Waldorf Astoria branded residences to the highly sought-after Nevada side of Lake Tahoe. Managed by Hilton, the new build luxury hotel will mark Waldorf Astoria Hotels & Resorts’ first pro...
Accor Signs New ibis Styles hotel in Indonesia’s BSD City
Accor | November 23, 2022
JAKARTA - Accor has continued to expand its portfolio of hotels and resorts in Indonesia with the signing of a new ibis Styles hotel in BSD City, the rapidly emerging urban center in Greater Jakarta. Scheduled to open its doors in the second quarter of 2024, ibis Styles Serpong BSD will be located just 15 minutes drive from Indonesia’s largest convention center and surrounded by major business, retail, and lifestyle centers. Downtown Jakarta and Soekarno-Hatta International Airport are less than an hour’s drive away. This brand-new, design-led economy hotel will feature unique, creative, and playful interiors and international facilit...
Pullman Hotels & Resorts Continues Expansion in China With Two Recent Openings and a New Development Signing
Accor | November 17, 2022
Pullman Hotels & Resorts, an Accor premium hospitality brand, announced the opening of Pullman Jinhua – a 322-room hotel in the heart of Jinhua City in Zhejiang Province, one of the major cities in the Yangtze River Delta G60 Science and Technology Innovation Corridor. The opening of Pullman Jinhua comes less than two weeks after Pullman Shenzhen North began welcoming guests – a superbly located hotel, high among the uppermost floors of the landmark North Station Huide Tower in the Longhua District of Shenzhen. Accor is also set to open Pullman Huai’an Falcon before year-end, while a new Pullman hotel development has just...
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