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Topic - Development

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Hotel Development Guam

IHG Announces First Hotel Signing in Guam
October, 15 2019
IHG has made its foray into Micronesia following the signing of an agreement with owner Tan Holdings to take on management of Fiesta Resort Guam. The hotel will join the IHG system from today and will rebrand as Crowne Plaza Resort Guam in early 2021, following an extensive, multi-million dollar refurbishment. continue reading →

Hotel Development Croatia

Croatia Gears Up for Arrival of Petros Stathis's Aman Cavtat Resort
October, 15 2019
Known for operating some of the most luxurious, exclusive hotels in the world, the Aman group will commence work on a new hotel in Croatia at the end of the year following a EUR 50 million investment from Greek businessman Petros Stathis. continue reading →

Hotel Development Tennessee

Aloft by Marriott in Chattanooga, Tennessee Breaks Ground
October, 15 2019
CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. today announced that construction has commenced on the 135-room Aloft by Marriott in Chattanooga, Tennessee, as part of the Sears redevelopment project at Hamilton Place. The new hotel marks the brand’s entrance into the Chattanooga market. continue reading →

Private Middle Eastern Investors

Why Middle Eastern Private Capital is Hungry for Investment
October, 15 2019
Private investors from the Middle East are targeting real estate in Europe and North America. continue reading →

Hotel Portfolio Transaction

Freehand Hotels Sold for USD 400 Million
October, 14 2019
Queensgate Investments has acquired Freehand Hotels from a seller consortium including The Yucaipa Companies and Sydell Group for circa USD 400M. continue reading →

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Hotel Transaction Virginia

Apple Hospitality REIT Acquires Independent Boutique Hotel in Richmond, Virginia
October, 14 2019
Apple Hospitality REIT, Inc. (NYSE: APLE) announced the acquisition of a 55-room independent boutique hotel in Richmond, Virginia, for a purchase price of approximately $7 million, or $125,000 per key. continue reading →

Hotel Transaction Alaska

Columbia Sussex Acquires Three Hotels in Alaska
October, 14 2019
With 1,341 rooms now in its inventory, the purchase makes Columbia Sussex the largest full-service, year-round hotel operator in the state. continue reading →

Hotel Development India

Ginger Launches A New Hotel In Madgaon, Goa
October, 14 2019
Situated in the commercial and cultural capital of Goa, surrounded by some of the best beaches and major corporate hubs, Ginger Madgaon has 47 rooms, an all-day dinner, a meeting room and fitness center. continue reading →

Hotel Development Missouri

Hospitality Management Corporation Managing Brand New Springhill Suites� in Springfield, MO
October, 14 2019
Conveniently Located with Quick Access to I-44 and Hwy 65 continue reading →

Hotel Development Saudi Arabia

Kempinski Hotels Announces Luxury Project in Makkah, Saudi Arabia
October, 10 2019
Kempinski Hotel Makkah will include 380 rooms and suites, each of them offering at least 42 net square meters – unprecedented in the segment in this region. continue reading →

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Latest Hotel Development News

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