Hotel Development News
February, 9 2017
Hotel Development U.K.
Hampton by Hilton Blackpool Hotel to Open in 2018
Hampton by Hilton Blackpool Hotel to open in 2018
Hampton by Hilton to Debut in the U.K.’s Most Visited Seaside Destination Read more
Hotel Transaction Seattle
Hotel Deca in Seattle Sold for $55.0 Million
LaSalle Hotel Properties (NYSE: LHO) yesterday announced it has sold Hotel Deca in Seattle, Washington for $55.0 million to an affiliate of AJ Capital Partners. The Company acquired the hotel in December 2005 for $26.4 million. Read more
Hotel Development Aruba
Hyatt Place Aruba Airport Announced For Late 2018
Hyatt Hotels Corporation (NYSE: H) announced that Hyatt has entered into a management agreement with Pelca Development V.B.A. for a Hyatt Place hotel within the Aruba Airport Business Center in Oranjestad, Aruba. The 116-room hotel will be the first Hyatt Place hotel in Aruba, adjacent to the Reina Beatrix International Airport (AUA). Read more
Hotel Transaction Texas
Courtyard by Marriott Fort Worth Historic Stockyards Hotel Sold for $18 Million
Courtyard by Marriott Fort Worth Historic Stockyards Hotel Sold for $18 million
Apple Hospitality REIT, Inc. (NYSE: APLE) today announced that it has closed on the previously announced acquisition of a 124-room Courtyard by Marriott® in Fort Worth, TX for a purchase price of $18 million, or approximately $145,000 per key. Read more
Hotel Development U.K.
DoubleTree by Hilton Increases UK Presence with 12 Hotels Opened in 12 Months
DoubleTree by Hilton Increases UK Presence with 12 Hotels Opened in 12 Months
£16M investment programme for eight conversions brings total to more than 30 DoubleTree by Hilton properties in the UK Read more
Hotel Development Dubai
Smartotels Launches Its Flagship Brand FORM Hotel in Dubai
FORM's 143-key flagship property is being developed by Dubai Contracting Company (DCC), and designed by Paris-based global architectural firm, Architecture-Studio. The hotel is currently under construction and is planned to open in Q1 2018. Read more
Hotel Development Sweden
Volvo Opens Boutique Hotel in the Swedish Mountains
Volvo Opens Boutique Hotel in the Swedish Mountains
Launched in conjunction with Volvo Cars' all-weather premium estate, the V90 Cross Country, and part of a bigger campaign promoting work-life balance, the Swedish automaker has teamed up with Tablet Hotels to offer a one-of–a-kind experience in the snowy serenity of the Swedish mountains. Read more
Hotel Development Atlanta
Canopy by Hilton Atlanta Midtown Hotel Announced for Mid 2018
Hilton (NYSE: HLT), Greystar Real Estate Partners, Concord Hospitality Enterprises Company and Whitman Peterson announced last week development plans for Canopy by Hilton Atlanta Midtown. The projec has broken ground and is scheduled to open in summer 2018. Read more
Hotel Investment Banking
Hotel Investment Banking and Mortgage Brokerage Firm Davis Hotel Capital Launches
Principals Geoff Davis and Angelo Stambules today announced the formation of Davis Hotel Capital, a hotel investment banking and mortgage brokerage firm with a focus on hospitality real estate. Read more

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In Brief...

Canadian Hotel Transaction Trends
Colliers International Hotels Q4 2016 INNvestment Canada (PDF Download)

Hotel Development Wisconsin
WoodSpring Hotels Plans New Extended Stay Hotel Near Downtown Milwaukee

Hotel Development Japan
Hotel JAL City Nagoya Nishiki Announced for 2019

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