Hotel Development News
January, 10 2017
How 'Poshtels' Are Reinventing the Budget Accommodation Sector
JLL Real Views - How 'Poshtels' Are Reinventing the Budget Accommodation Sector - By Natalie Holmes
At a time when budget travelers are increasingly experience-driven, the hospitality industry is responding with a concept that caters to this new guest profile: the ‘poshtel’. Unlike traditional hostels, poshtels typically combine a design-led ambiance with small, often shared sleeping areas and a focus on innovative communal spaces. Read More
Playa Hotels Launches New Brand
Playa Hotels & Resorts Launches Panama Jack Resort Brand
Gran Caribe Resort in Cancun
Playa will now-under the Panama Jack brand-pursue the redevelopment of two existing all-inclusive hotels in Mexico: Gran Caribe Resort in Cancun and Gran Porto Resort in Playa del Carmen. Read more
Hilton Spin-Off
Hilton Completes Spin-off of Park Hotels & Resorts and Hilton Grand Vacations
Park Hotels & Resorts and Hilton Grand Vacations to begin 'regular way' trading on the New York Stock Exchange Read more
A&O Hotels And Hostels Acquisition
A&O Hotels and Hostels Sold to TPG Real Estate
Under the agreed terms, TPG Real Estate will acquire 31 leased and owned assets, with more than 20,000 beds located primarily in Germany. Key members of A&O’s management team, including CEO Oliver Winter, will continue to lead the company after the transaction. Read more
Hotel Development Seattle
Hilton Hotel Bellevue to Be Managed by Dow Hotel Company
Hilton Hotel Bellevue to be managed by Dow Hotel Company
Officials of The Dow Hotel Company (DHC) today announced that it has been selected to operate the 353-room Hilton Hotel - Bellevue hotel following the property’s recent sale to Wig Properties. Read more
Hotel Development Morocco
Hilton Garden Inn Casablanca Sidi Maarouf Announced for 2021
Hilton Garden Inn Casablanca Sidi Maarouf will consist of an initial 118 guest rooms with space available on site for further expansion. The hotel forms part of a mixed use development with a 550sqm ballroom and Moroccan-oriental restaurant also to be built in the vicinity. Read more
Hotel Development Grenada
Kimpton Kawana Bay Grenada Resort to Open in Early 2019
Kimpton Kawana Bay Grenada Resort to open in early 2019
Kawana Bay Resort will be developed as a partial adaptive reuse with new build expansion. The 146-key resort will comprise 101 luxury studio rooms and 45 suites. Read more
Hotel Transaction New Jersey
Renaissance Woodbridge New Jersey Hotel Sold
Renaissance Woodbridge New Jersey Hotel
ASAP International Holdings (OTCQB: ASAE) announced today that it has successfully acquired The Renaissance Woodbridge Hotel located in 515 US-1, Iselin, NJ 08830 which closed on November 15, 2016. Read more
Hotel Portfolio Transaction
American Hotel Income Properties REIT Acquires Two Embassy Suites by Hilton Hotels in Texas and Arizona for US$57.6 Million
Embassy Suites by Hilton Dallas DFW Airport South Hotel
The Acquisition Properties comprise 529 total guest rooms and were acquired for approximately US$109,000 per guest room, exclusive of the cost of the PIPs, which is below management's estimate of replacement cost. Read more

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In Brief...

Hotel Development Qatar
AlRayyan Hotel Doha in Qatar Jons Curio Collection

Hotel Development Texas
Hospitality Management Corporation Adding Holiday Inn Express® Irving DFW Airport North to Portfolio

Hotel Development Nevis
Wyndham Grand Nevis Announced for 2019

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