Topic - Development

Waldorf Astoria Hotels & Resorts to Debut in Mexico with Conversion of The Resort at Pedregal continue reading →

The contracted sale price reflects a 17.4x EBITDA multiple and a 5.0% net operating income capitalization rate based on the hotel’s operating performance for 2018. continue reading →

Merger Creates the Largest Owner and Operator of U.S. Gaming Assets continue reading →

Four Seasons Hotels and Resorts, The Congress Group Inc. and AECOM Capital today celebrated the groundbreaking of Four Seasons Hotel and Private Residences Nashville. continue reading →

Super 8 by Wyndham today announced a dream opportunity for young, aspiring designers with the launch of its first-ever ROOM8 Design Challenge. Centered on re-imagining a traditional hotel suite, the challenge looks to bring a fresh perspective to shared hotel accommodations and invites creative applicants to submit original design renderings for what will eventually become the brand's new ROOM8 (pronounced roommate) room concept. continue reading →

Commits to invest $300 million in the U.S. for growth, headquarter talent, competency building and infrastructure development continue reading →

The brand will manage 251 hotel rooms and 138 residential units within a nearly $600 million, 35-story tower that would have sweeping views of the city’s majestic landscape. Construction is expected to commence later this year, with an anticipated opening in early 2023. continue reading →

HVS reviewed and analyzed the current lending environment for hotels following a comprehensive survey conducted among Canadian hotel lenders. continue reading →

Rivers Casino Pittsburgh announced today that it will break ground on a $60 million North Shore hotel later this summer. The seven-story, four-star property will be called 'The Landing Hotel Pittsburgh' and will include 219 guest rooms. The hotel will attach to the existing casino on the east facade, facing the Carnegie Science Center. continue reading →

Construction work has begun onsite and vertical construction is scheduled to commence in 2021. The 250-room Avani Yangon Hotel and 221-key Oaks Yangon are both set to open in 2024 and will be part of a mixed-use development, complete with office and retail space located in central Yangon. continue reading →