hotel conversion
Marriott International and KKR To Launch Midscale Hospitality Segment in Japan With Four Points Express by Sheraton
Marriott International | May 7, 2024
Marriott International, Inc. (Nasdaq: MAR) and KKR, a leading global investment firm today announced the launch of each company’s foray into the midscale hospitality space in Japan, which follows KKR’s completion of the acquisition of Unizo Hotel Company, Limited and a portfolio of 14 hotels in Japan from Unizo Holdings. The 14 hotels will be converted to Four Points Express by Sheraton. This marks Marriott’s entry into the affordable midscale segment in Japan and the brand’s debut in Asia Pacific following its global launch in this space in 2023. The portfolio of 14 hotels is located in major tourist destinations in 10 cities acr...
Whitestone Capital Acquires Pennsylvania Holiday Inn in Partnership With PJD Capital
Whitestone Capital | May 6, 2024
Columbus, OH (May 6, 2024) - Whitestone Capital, a division of Whitestone Companies, joined forces with PJD Capital to purchase the 152 room Holiday Inn East Mountain in Wilkes Barre, Pennsylvania. This acquisition marks the first joint venture between the two real estate companies. “We are excited about our new partnership with PJD Capital to reposition this property into a product the Wilkes Barre community has been craving,” said Jay Batra, Chief Executive Officer of Whitestone Companies. “We expect the transformation to happen in two phases with the first phase starting later this year.” Phase one of the transformation will ...
IHG and NOVUM Hospitality Sign Agreement That Doubles Presence in Germany, Launches Holiday Inn – the niu Collaboration, and Debuts Garner and Candl
IHG | April 15, 2024
IHG Hotels & Resorts (IHG) and NOVUM Hospitality announce a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almost 100 cities through an exciting Holiday Inn – the niu brand collaboration and European debuts for IHG’s Garner and Candlewood Suites brands. The agreement with NOVUM Hospitality, one of Germany’s largest private hotel operators, owned by David Etmenan, will make IHG one of the leading players in midscale and upper midscale, and includes the following key elements: Up to 108 NOVUM Hospitality open hotels (15,334 rooms) and 11 hotels under development (2,369 rooms)...
IHG Hotels & Resorts Introduces New Suites Brand Prototype Variations with Enhanced Flexibility
IHG | March 26, 2024
Supplemental design options maximize space and revenue potential for any market or site plan ATLANTA (March 26, 2024) – IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies with more than 6,300 hotels across 19 global brands, today announces the availability of new prototype options for its three suites brands – Staybridge Suites, Candlewood Suites and Atwell Suites. By expanding design choice, IHG provides greater flexibility for developers across a range of site configurations and market types while also maintaining the experiences guests expect in the rapidly growing suites space. The new options empha...
Compass by Margaritaville, Brand’s Boutique Hotel Collection, Announces Expansion
Compass by Margaritaville | March 26, 2024
Orlando, FL (March 26, 2024) – Following the highly-anticipated opening in Naples, Margaritaville announces an expansion of the brand’s Compass by Margaritaville collection of boutique hotels. Offering the same lifestyle guests know and love in a smaller, more intimate footprint, openings include: Naples, FL (Opened March 2024) – The brand’s first conversion (formerly Staybridge Suites) and all-suite property with 119 suites in one of the Sunshine State’s most desirable locations, features an outdoor pool experience, live entertainment, cozy fire tables, multiple social gathering areas, a complimentary breakfast buffet,...
Marriott International Brings Newly Debuted Marriott Hotels All-Inclusive to The Dominican Republic With New Resort Signing
Marriott International | March 12, 2024
Plantation, Fla. March 12, 2024 – Marriott International in the Caribbean and Latin America announced today the latest addition to its All-Inclusive by Marriott Bonvoy portfolio with the signing of Marriott Miches Beach, An All-Inclusive Resort, currently the Sunrise Miches Beach Resort in Dominican Republic. Set to undergo a conversion process commencing in the second quarter of 2024, the resort is slated to open its doors under the Marriott Hotels brand in the first quarter of 2025. Nestled on a sprawling 62-acre site in the enchanting locale of Miches, within a 60-minute ride distance of the Punta Cana International Airport, the reso...
Soul Community Planet Hotels Celebrates Opening of Laguna Surf Lodge in Laguna Beach
SCP Hotels | March 11, 2024
Iconic Beachfront Hotel Reimagined as New Eco-Conscious Surf Lodge Laguna Beach, Calif. (March 11, 2024) – Soul Community Planet (SCP) Hotels, a holistic hospitality company serving those who value wellness, social good and the environment, today announced the opening of the Laguna Surf Lodge by SCP, a classic, beachfront experience in one of California’s most iconic destinations. Located in the heart of Laguna Beach, Calif., the 41-room eco surf lodge sits directly on the sand of the town's legendary beach, an easy walking distance to the acclaimed art galleries, eateries, and boutiques of Laguna Beach village. The hotel immerses gu...
The Global Construction Pipeline Ascends to Record Project Counts at 2023 Year-End
Lodging Econometrics | February 28, 2024
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