Hotel Development News
January, 17 2017
Hotel Transaction Ghana
Mövenpick Ambassador Hotel Accra in Ghana Sold
Mövenpick Ambassador Hotel Accra in Ghana Sold
Largest open-market hotel transaction in sub-Saharan Africa to date Read more
Hotel Development Arizona
Heavlin Management Company Adds The Hilton Phoenix Airport Hotel To Management Portfolio
Hilton Phoenix Airport Hotel
Taps Sally Shaffer as General Manager, Hammad Akbar as F&B Director and Lynn Flosi as Director of Sales & Marketing Read more
Hotel Development Japan
Moxy Tokyo Kinshicho Hotel Announced for November 2017
Tokyo-based commercial real estate developer Pacifica Capital K.K. has signed a management contract with Marriott International to open Japan’s first location for Moxy Hotels in November 2017. Read more
Hotel Transaction Washington D.C.
Hersha Hospitality Sells Two Suburban Washington, DC Hotels for $62.0 Million
Hersha Hospitality Trust (NYSE: HT) announced the Company closed on the sale of the 203-room Courtyard by Marriott in Alexandria, VA, and the 120-room Residence Inn in Greenbelt, MD for $62.0 million. Read more
Hotel Development Mexico
Hilton Signs Nine Hotels in Mexico
These newly announced properties contribute nearly 1,200 rooms to the hotel company’s pipeline and will join the portfolio of more than 45 existing hotels in Mexico. Read more
Hotel With Private Ocean
China Has Opened the World's First Hotel with Its Own Private Ocean - Business Insider
Every 32 hours, the 512-room resort pumps 10 million gallons of water from the surrounding South China Sea into its own private ocean so guests can kayak, paddle board, and even sail without ever having to leave the grounds. Read more
Louvre Hotels Group Expands Through Acquisitions
Louvre Hotels Group Buys Majority Stake in India's Sarovar Hotels
Sarovar Hotel Marine Plaza, Mumbai
The European hotel group continues to rollout its international expansion plans with this, its first investment of size in the Indian subcontinent. Read more
Hotel Development Mexico Guanajuato
IHG Breaks Ground on Two New-Build Staybridge Suites Hotels in Guanajuato, Mexico
IHG Breaks Ground on Two New-Build Staybridge Suites Hotels in Guanajuato, Mexico
InterContinental Hotels Group (IHG) last week announces the groundbreaking on two new-build 120-room Staybridge Suites hotels in the Mexican cities of Irapuato and Silao. Both properties will be operated by Grupo Presidente, one of IHG's long-term partners in Mexico. Read more
Hotel Development Florida
New Hyatt Centric Hotel Announced for Downtown Fort Lauderdale
Destined to become the tallest building in Fort Lauderdale at 499 feet, the 100 Las Olas building will be home to a full-service Hyatt Centric hotel with 238 guest rooms, a lobby-level restaurant and bar with indoor and outdoor seating, 121 luxury condominium residences beginning on the 16th level, plus an additional 8,500 square feet of select retail and dining space with outdoor seating on the first level. Read more

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In Brief...

Construction Pipeline U.S.
U.S. Hotel Construction Pipeline Under Contract for December 2016 Up 19.4 Percent over 2015

Construction Pipeline Europe
European Hotel Pipeline Under ContractFor December 2016 Down 4.0 Percent over 2015

Construction Pipeline Asia Pacific
Asia Pacific Hotel Development Pipeline Under Contract Up 2.4 Percent YOY for December 2016

UAE Real Estate Market Overview
2016 Saw a General Softening in The UAE Real Estate Sector

Hotel Development Jamaica
Excellence Oyster Bay Resourt Annunced for Montego Bay, Jamaica

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