hotel development
Hyatt Signs With CR Land for New Park Hyatt Hotel in Xi’an
Park Hyatt Hotels | July 24, 2024
Park Hyatt Xi’an will be ideally located in the Xi’an CCBD commercial complex along the city’s central axis, creating a new landmark in the city CHICAGO / SHANGHAI (July 24, 2024) -- Hyatt Hotels Corporation (NYSE: H) and China Resources Land (CR Land, HKEX: 1109) announced that Hyatt has entered into a management agreement with CR Land for a Park Hyatt hotel in Xi’an, Shaanxi province, China. This project will be ideally located in the CCBD, one of the key mix-use commercial complexes along Xi’an’s central axis. Park Hyatt Xi’an will provide worldly travelers a sophisticated home-away-from-home in the ancient capital of China....
United Center Joint Venture Reveals Plans for The 1901 Project on Chicago’s West Side
THE UNITED CENTER | July 23, 2024
CHICAGO, July 23, 2024 -- United Center next-generation owners Michael Reinsdorf and Danny Wirtz today jointly announced plans for the largest private investment on Chicago's West Side: a catalytic mixed-use development project that includes housing, retail, entertainment and public open space on more than 55 acres of privately owned land surrounding the iconic arena campus. Spearheaded by the Reinsdorf and Wirtz families, The 1901 Project will transform the West Side with a jolt of new development, bridging neighborhoods and enhancing opportunities for residents, businesses and all of Chicago. "The 1901 Project represents a con...
Accor Signs Dual-Branded Project Banping Island in Wenzhou
Accor | July 23, 2024
Accor Greater China today announced the signing of a unique dual-branded project on Banping Island in Wenzhou, featuring the debut of Peppers Edge – a new regional brand extension of Peppers, a premium guesthouse concept originating from Australia. The 235-room Peppers Edge hotel will be joined by a 135-room MGallery luxury resort hotel. MGallery and Peppers Edge Wenzhou Banping Island are expected to open in late 2027. The resort will provide both leisure and business guests with an intimate and personalized style of hospitality, centered around environmental sensitivity, memorable experiences connected to nature and community, ...
Raffles Hotels & Resorts to Debut Storied Brand in Tokyo
Accor | July 22, 2024
TOKYO, 22 July 2024 – Raffles Hotels & Resorts, a leading luxury hotel brand of Accor, alongside World Trade Center Building, Inc. and Tokyo Tatemono Co., today announced plans to debut the storied brand in Tokyo. Part of the redevelopment of the Tokyo’s iconic World Trade Center (WTC) in the Hamamatsuchō district, the hotel is expected to open in 2028, giving guests the opportunity to explore Japan’s capital city through the enchanted world of Raffles. “We are delighted to grow the Raffles global family with Raffles Tokyo, which will feature the brand’s world-renowned hallmarks including personalised Butler Service and an i...
Dar Global Collaborates With The Trump Organization To Develop Trump Tower Dubai
July 19, 2024
DUBAI, UAE, July 19, 2024 -- Dar Global, the luxury international real estate developer, has announced a prestigious collaboration with The Trump Organization to establish the iconic Trump Tower Dubai. This extraordinary development, situated in a prime location in Dubai, is set to establish new standards in luxury hospitality and residential living in the region. Both the location and design will be unveiled towards the end of 2024. Trump Tower Dubai, a beacon of elegance and sophistication, promises to captivate and thrill with its unparalleled offerings. The development will include the renowned Trump Hotel and branded residential ...
The Americas and Asia Pacific Show Growth in Hotel Pipeline Activity
CoStar Group | July 19, 2024
WASHINGTON – 19 July 2024 – Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (% change in comparison with June 2023): Europe In construction: 165,858 rooms (-2.4%) Final Planning: 93,241 rooms (-20.9%) Planning: 160,651 rooms (+8.0%) Total Under Contract: 419,750 rooms (-3.8%) Among countries in the region, Germany (27,302) led in construction act...
The Cordish Companies Celebrates ‘Topping Off’ for New $270+ Million Live! Casino & Hotel Louisiana Project
Live! Casino & Hotel Louisiana | July 18, 2024
World-Class Gaming, Hotel, Dining, and Entertainment Destination to Feature First Land-Based Casino in Shreveport-Bossier Market New Development Projected to Generate More Than $200 Million in City and State Gaming Tax Revenue in First Five Years of Operation; Create Approximately 1,500 New Jobs for the Region Property Will Feature 30,000 SF of Best-in-Class Dining and Entertainment Venues Bossier City, LA (July 18, 2024) – LRGC Gaming Investors, LLC, an affiliate of The Cordish Companies, today marked a significant milestone in the construction of the first land-based casino in the Shreveport-Bossier market during the “TOPPING OF...
U.S. Hotel Construction Activity Highest Since February 2023
CoStar Group | July 18, 2024
WASHINGTON – 18 July 2024 – The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. U.S. Hotel Pipeline June 2024 (percentage change from June 2023) In construction: 157,713 rooms (+5.5%) Final Planning: 266,619 rooms (+9.8%) Planning: 333,827 rooms (+38.7%) “The number of rooms in construction has grown year over year for four consecutive months,” said Isaac Collazo, STR’s VP, analytics. “While upscale and upper m...