new development

Pinnacle Advisory Group Issues Hotel Management RFQ for a 225-Room Hotel at the University of Virginia

Pinnacle Advisory Group | June 24, 2019

On behalf of the University of Virginia, Pinnacle Advisory Group is seeking qualifications from a hotel management company to develop and operate a proposed independent, upper upscale, hotel with 225-rooms and 25,000 SF of meeting space on the campus of UVA. To receive a copy of the RFQ please contact Anne Purcell (apurcell@pinnacle-advisory.com)....

Mountain Shore Properties Named Hyatt’s 2019 Developer of the Year

Mountain Shore Properties (MSP) | June 10, 2019

June 10, 2019. Charleston, SC. Mountain Shore Properties, a Charleston, South Carolina-based developer, has been named Developer of the Year by Hyatt as part of Hyatt’s owner awards. Through this series, Hyatt recognizes owners and developers for their contributions and shared commitment to deliver a superior level of care. The awards were presented by Hyatt’s leadership team in April at Hyatt’s Americas owners conference in Nassau, Bahamas at Grand Hyatt Baha Mar. In receiving Developer of the Year, Mountain Shore Properties was recognized for its excellent construction quality, efficiency, and hotel development in strategic locatio...

Choice Hotels Signs With Hospitality Funding and TQP Capital Partners to Redevelop Historic YMCA in Downtown Burlington as Cambria Hotel

Cambria Hotels | May 22, 2019

ROCKVILLE, Md., May 22, 2019 -- Cambria Hotels will be expanding to Vermont, following Choice Hotels International, Inc.'s (NYSE: CHH) agreement with Hospitality Funding Inc. and TQP Capital Partners to develop a 142-room hotel, slated to open in 2021. Located at 266 College St., the new Cambria hotel in Burlington will preserve the historic façade of the existing structure, which was built in 1934 and formerly housed the Greater Burlington YMCA. Located on one of Burlington's busiest thoroughfares, the hotel is a few blocks from the University of Vermont (UVM) and the UVM Medical Center—the state's largest univ...

IHCL Signs With Kalpsagar Private Limited for New Vivanta Hotel in Jaipur

The Indian Hotels Company Limited (IHCL) | May 9, 2019

Mumbai, May 9, 2019: The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company, today announced its seventh hotel in Jaipur with the signing of a new Vivanta hotel in Jawahar Circle through a management contract with Kalpsagar Private Limited. Commenting on the signing, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, "The signing of Vivanta Jaipur is in line with Aspiration 2022 and our domestic expansion strategy of consolidating presence in important capital cities. Jaipur is one of the key lodging markets in India. It offers immense potential for both leisure and business travel...

IHG Partners With QLong Investments to Develop Flagship Holiday Inn in Queenstown Remarkables Park, New Zealand

IHG | May 1, 2019

IHG® will open a brand-new Holiday Inn in Queenstown Remarkables Park following the signing of an agreement with property owner QLong Investments Limited. Set to open its doors in early 2021, Holiday Inn Queenstown Remarkables Park will be a flagship for Holiday Inn in New Zealand, showing off the latest and best of the world's largest hotel brand family. The 182 room build will be conveniently located within a few minutes' drive from Queenstown Airport and close to The Remarkables Ski Field, perfectly positioned and easily accessible to visitors, families and holidaying groups. It will feature an all-day dining and bar venue, as we...

Replay Destinations and YOTEL Plan Summer Groundbreaking of YOTELPAD Mammoth in California

YOTELPAD | April 26, 2019

MAMMOTH, Calif. (April 2019) – Replay Destinations, an integrated destination development company, announced a Summer 2019 groundbreaking for YOTELPAD Mammoth, the brand's third U.S. location following the successful launches of Park City and Miami. YOTELPAD Mammoth will offer the opportunity to stay and live within walking distance of the gondola and The Village at Mammoth, a four-season destination, and one of the country's top ski resorts with one of the longest ski seasons in North America. "We have been developing this concept with YOTEL for a number of years. After our strong success in Park City and upon discovering an incr...

Monahan Parker Proposes 140-Room AC Hotel by Marriott in Downtown San Rafael, California

April 24, 2019

April 25-- Apr. 25--A 140-room, five-story AC Marriott hotel at the corner of Fifth Avenue and B Street in downtown San Rafael won approval from the Planning Commission this week. With overwhelming support from the business community, the commission signed off on the project at 1201 Fifth Ave. with a 5-0-2 vote, despite neighbors' concerns about height, traffic and parking. Commissioners Sarah Loughlin and Barrett Schaefer were absent. "I strongly support the project," said Jeff Schoppert, chairman of the commission, adding that the overall benefit to businesses and residents "vastly outweighs the smaller detriment to...

JMA Ventures and Hearst Corp. Plan Conversion of San Francisco’s Historic Hearst Building to Hotel

April 24, 2019

April 25-- Apr. 25--Plans to convert the historic Hearst Building into a hotel in downtown San Francisco won approval Thursday from the city's Planning Commission. Developer JMA Ventures and property owner Hearst Corp. want to convert offices in the 1909 building at 5 Third St. into 170 hotel rooms. The project would add a new rooftop bar, event spaces and seismic upgrades, while preserving the lobby designed by architect Julia Morgan. The project requires final approval from the Board of Supervisors. The developer is working with existing retail tenants to either honor leases or find alternatives, Todd Chapman, president of JMA Ven...