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Topic - Development

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Hotel Development Tokyo

Pan Pacific Hotels Group Enters Tokyo, Japan in 2020 with Cerulean Tower Tokyu Hotel, a Pan Pacific Partner Hotel
December, 11 2019
Pan Pacific Hotels Group has signed an agreement to enter Tokyo, Japan to market the five-star Cerulean Tower Tokyu Hotel as a Pan Pacific Partner Hotel through its distribution channels and its loyalty programme, Pan Pacific DISCOVERY. continue reading →

Hotel Development U.K.

Fairmont Windsor Park Hotel to Open in the Second Half Of 2020
December, 11 2019
Accor and Arora Group announced the signing of a prestigious luxury hotel, Fairmont Windsor Park. The hotel is currently undergoing a substantial multi-million pound redevelopment and is set to open in the second half of 2020. continue reading →

Hotel Development Italy

Jumeirah Group to Manage Capri Palace in Italy
December, 9 2019
The hotel, founded by Tonino Cacace, stands high above the Gulf of Naples and fully embodies the Italian Dolce Vita; with an authentic Capri style and sea views. continue reading →

Hotel Development Abu Dhabi

First Warner Bros. Hotel to Open on Yas Island, Abu Dhabi in 2021
December, 9 2019
Mira and Warner Bros. announced today that the world's first Warner Bros. branded hotel – The WB Abu Dhabi – is currently in development on Yas Island, Abu Dhabi. Set to open in 2021, construction of the USD 112 million hotel is well underway and is now 40% complete. continue reading →

Hotel Transaction Las Vegas

Caesars Entertainment Completes Sale of the Rio to Dreamscape or $516.3 Million
December, 9 2019
Caesars Entertainment Corporation (NASDAQ: CZR) last week announced it has completed the previously announced sale of the Rio All-Suite Hotel & Casino to a company affiliated with Dreamscape Companies, which is owned and controlled by Eric Birnbaum, for $516.3 million. continue reading →

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Hotel Construction Pipeline China

China�s Hotel Construction Pipeline Has Grown to Record High
December, 6 2019
Analysts at Lodging Econometrics (LE) report that at the end of the third quarter of 2019, China’s total construction pipeline has grown to 3,380 projects/628,972 rooms. continue reading →

Hotel Transaction Florida

Ashford Trust Announces Sale of Springhill Suites Jacksonville for $11.2 Million
December, 4 2019
The sales price, inclusive of buyer's estimated anticipated capex of $2.5 million, represents a trailing twelve-month cap rate of 5.9% on net operating income and a 14.3x Hotel EBITDA multiple as of October 31, 2019. continue reading →

Hotel Development Milan

Radisson Blu Hotel Milan Reveals Makeover
December, 2 2019
Not only is the characterful city of Milan a prime location, but the hotel’s placement has been deliberately chosen for business and leisure travelers alike. It allows guests to easily access key hubs such as MiCo, Milan’s state-of-the-art convention center which hosts international events, as well as the Fiera Milano fairgrounds. continue reading →

Boutique Hotels

Boutique Hotels Are Disappearing - Business Insider
November, 20 2019
Major hospitality chains are buying up independent boutique hotels, and it's creating a new challenge that's at odds with the main reason people travel in the first place continue reading →

Hotel Transaction Atlanta

Red Lion Hotel Atlanta Airport Sold for $12.25 Million
November, 19 2019
The Red Lion Airport Hotel Atlanta was held in a joint venture. RLH Corporation will receive $4.8 million in net proceeds after closing costs and the repayment of property level mortgage. continue reading →

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