Hotel Development News
January, 17 2018
 
 
 
U.S. Hotel Room Construction on the Decline
 
U.S. Hotel Room Construction on the Decline
 
According to pipeline data from STR, the number of hotel rooms under construction in the U.S. has declined or remained flat year over year for three consecutive months. Overall, there were 179,979 rooms in construction across 1,400 hotels for the month of December. Read More
 
Hotel Transaction Virginia
Fairfax Marriott at Fair Oaks Hotel in Virginia Sold to LCP Group
Fairfax Marriott at Fair Oaks Hotel in Virginia Sold to LCP Group
 
The six-story 316 guest room and suite property is located outside of Washington, D.C. The hotel contains 15,000 square feet of meeting space, the award-winning 703 Bar + Kitchen, and the amenities, facilities, and services of a full-service Marriott hotel. Read more
 
Hotel Development Japan
First W Hotel in Japan to Open 2021 in Osaka
 
W Osaka will bring 337 guestrooms, including 35 Suites, two WOW Suites and one EWOW Suite (the brand’s take on the Presidential Suite) to the city. The hotel will feature multiple dining and craft cocktail concepts including the WOO Bar and a second bar located on the expansive WET Deck (pool). Read more
 
Hotel Development Laos
AVANI to Open Hotel in Laos
AVANI to Open Hotel in Laos
 
AVANI Hotels & Resorts announced the launch of its first hotel in the historic town of Luang Prabang, a UNESCO World Heritage Site in northern Laos. Read more
 
Hotel Transaction
Sunstone Hotel Investors Announces The Sale Of The 289-Room Marriott Philadelphia And The 464-Room Marriott Quincy For $139.0 Million
Boston Marriott Quincy
 
Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced the sale of the 289-room Marriott Philadelphia and the 464-room Marriott Quincy for a combined gross sale price of $139.0 million, or approximately $184,600 per key. Read more
 
Hospitality Development
Los Angeles Hospitality Pioneer BLVD Hospitality Announces National Development Services Alongside New Chicago Office
 
The company behind such Los Angeles hospitality projects as Ace Hotel, Soho House, CitizenM, and Hoxton Hotel opens their first out-of-state office in Chicago, IL in Q1 2018. Read more
 
Hotel Transaction Indiana
Huff, Niehaus Closes Sale of Best Western Plus Hotel & Conference Center, La Porte, Indiana
 
Huff, Niehaus & Associates, Inc., member of Hotel Brokers International, successfully closed the sale of the Best Western Plus La Porte Hotel and Conference Center, a 142-room, full-service hotel designed with a four-story atrium, interior corridor property. Read more
 
Hotel Development New York State
The Kartrite Hotel & Indoor Waterpark to Open 2019 in the Catskills
The Kartrite Hotel & Indoor Waterpark to Open 2019 in the Catskills
 
Ken Ellis and Arthur Berry III, co-owners of the Poconos’ premier adventure destination, Camelback Resort, have announced their next widely anticipated project. The Kartrite Hotel & Indoor Waterpark is being built on the Resorts World Catskills campus located in the Town of Thompson, N.Y. Set to open in early 2019, The Kartrite will feature two acres of exhilarating four-season indoor waterpark space and a luxury hotel with 324 exquisitely designed guest suites. Read more
 
Hotel Transaction U.S. Georgia
Château Élan Winery & Resort in Georgia Sold to Wheelock Street Capital
Château Élan Winery & Resort in Georgia Sold to Wheelock Street Capital
 
Investing more than $20 million in a comprehensive renovation and refresh, Wheelock and its operating partners will elevate the estate’s 394 exquisite guestrooms, as well as common areas of the resort, including the renowned spa, winery and golf clubhouse. Read more
 

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In Brief...
 

Hotel Development Romania
Radisson Blu Hotel Timisoara to Open 2020 in Romania

Hotel Development Panama
Marriott Just Got Dragged into a Messy Fight Over the Trump Panama Hotel - Fortune

Hotel Development Venice
Hotel Indigo Venice Sant’Elena to Open in 2019

 
 
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