Hotel Development News
October, 5 2017
 
 
 
Hyatt Regency Johannesburg
 
Hyatt Expected to Double Number of Hotels in Africa by 2020
 
Hyatt Hotels & Resorts today announced that Hyatt expects to double the number of Hyatt hotels in Africa, with six new hotels expected to open by 2020. The developments are expected to see the Hyatt brand enter four new countries on the African continent and are expected to create approximately 2,100 new jobs once open. Read More
 
Hotel Transaction California
Bacara Resort & Spa in Santa Barbara Sold to Carey Watermark Investors
Bacara Resort & Spa Sold to Carey Watermark Investors
 
Hotel to rebrand as The Ritz-Carlton Bacara, Santa Barbara Read more
 
Hotel Transaction Kentucky
Huff, Niehaus & Associates, Inc. Arranges Sale of the Hampton Inn, Horse Cave, Kentucky
Huff, Niehaus & Associates, Inc. Arranges Sale of the Hampton Inn, Horse Cave, Kentucky
 
Huff, Niehaus & Associates, Inc. represented the Seller, Dhami, Sohal & Sehgal Properties, LLC. The 101-room hotel was sold in conjunction with an auction on Ten-X for $4,400,000. Read more
 
Wyndham AmericInn Acquisition
Wyndham Hotel Group Completes Acquisition of AmericInn
 
Wyndham Hotel Group plans to take its latest brand addition – which expands the company's North American portfolio by 200 hotels and nearly 12,000 rooms – from a known Midwestern name to a national player, with potential for growth beyond U.S. borders. Read more
 
Hotel Transaction California
Historic Sonoma Hotel MacArthur Place Acquired by IMH Financial Corporation
Historic Sonoma Hotel MacArthur Place Acquired by IMH Financial Corporation
 
IMH Financial Corporation has acquired MacArthur Place Hotel & Spa, an upscale 64-room hotel situated on a five-acre parcel in Sonoma, California. The Scottsdale-based group also manages L’Auberge de Sedona and Orchards Inn, both in Sedona, Arizona. Read more
 
Hotel Development Hawaii
Pacific Beach Hotel to Reopen As the Alohilani Resort Waikiki Beach in December 2017
Pacific Beach Hotel to Reopen As the Alohilani Resort Waikiki Beach in December 2017
 
Nearing the completion of an extensive $115 million transformation, the current Pacific Beach Hotel today announces it will officially debut as the all-new Alohilani Resort Waikiki Beach in December 2017. Read more
 
Hotel Transaction Costa Rica
Gencom-Led Ownership Acquires Andaz Costa Rica Resort at Peninsula Papagayo
Andaz Costa Rica Resort at Peninsula Papagayo
 
The Andaz Costa Rica Resort at Peninsula Papagayo is a 153-key resort inspired by Costa Rica’s lush flora and fauna that commands 28 oceanfront acres overlooking the Bay of Culebra on Peninsula Papagayo. Read more
 
Hotel Development Dubai
Viceroy Hotel Group Files Lawsuit Arising out of the Ouster from Its Dubai Property
 
The claims seek redress from Dubai-based businessman Kabir Mulchandani, and entities he controls, for damage they have caused to Viceroy and the Viceroy brand. Read more
 
Hotel Transaction Oregon
Crystal Investment Property Arranges Sale of A Bandon Inn, Bandon, Oregon
Bandon Inn, Bandon, Oregon
 
Crystal Investment Property, LLC, a licensed Oregon broker, represented the Seller and Buyer in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price was confidential. Read more
 
Orient Express Brand Development
AccorHotels Acquires 50 Percent of Orient Express
 
134 years to the day after the first Orient Express trip between Paris and Constantinople (October 4th, 1883), SNCF Group, owner of the iconic 'Orient Express' brand, teams up with AccorHotels to continue the development of Orient Express within the luxury hospitality sector globally. Read more
 
Airbnb Branded Apartments
Airbnb to Trial Branded Apartments - Serviced Apartment News
 
Airbnb is reportedly developing a branded apartment complex in Florida. Read more
 

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In Brief...
 


Hotel Transaction Arizona
Xenia Hotels & Resorts Acquires Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch and Royal Palms Resort & Spa for $305 Million

Hotel Transaction Virginia
The Ritz-Carlton Pentagon City Sold For $105 Million

Hotel Development Venice
Meliá Hotels Announces Gran Meliá Ca' Di Dio Hotel to Open 2018 in Venice

Hotel Transaction Washington D.C.
356 Room Loews Madison Hotel in Downtown Washington, D.C. Sold to Waterton

Hotel Development Germany
Roomers Munich Hotel Joins Autograph Collection

Hotel Development Germany
IHG Expands in Germany

Hotel Development Missouri
Live! by Loews - St. Louis Hotel Announced As Part of Ballpark Village's $260 Million Expansion

 
 
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