Hotel Development News
March, 3 2017
Why U.S. Investors Want U.S. Hotels
JLL Real Views - Why U.S. Investors Want U.S. Hotels - By Laura Agadoni
If 2016 was all about overseas money flowing into the U.S. hotels sector then 2017 could well be the year of the domestic investor. Read More
Hotel Development Kazakhstan
DoubleTree by Hilton Almaty and Hampton by Hilton Astana to Open in Kazakhstan
DoubleTree by Hilton Almaty, which will mark the brand's debut in Kazakhstan, is set to open under a franchise agreement with Abli Kurylys LLP in late 2017. Hampton by Hilton Astana Triumphal Arch will be managed by Hilton under an agreement with Hotel Stroi Invest TOO and will join Hilton Garden Inn Astana when it opens in January 2018. Read more
Hotel Development Malaysia
Crowne Plaza Kuala Lumpur City Centre Hotel Announced for 2021
InterContinental Hotels Group (IHG) last week announces the signing of a management agreement with Yuk Tung Properties Sdn. Bhd. to develop a 338-room Crowne Plaza hotel in downtown Kuala Lumpur. Read more
Hotel Development Colombia
Hilton Medellin Hotel Announced for 2019
The multi-million project will be one of the largest real estate investments in Colombia this year. The 25-story, 206-room new-build development is planned to open in Q2 2019. Read more
Hotel Development San Francisco
Virgin Hotels Announces Plans for San Francisco Property
Rendering of the Rooftop at Virgin Hotels San Francisco
Virgin Hotels has announced plans to open and operate a new hotel in San Francisco, California. Expected to open in the Summer of 2017, the San Francisco property will be managed by Virgin Hotels and developed by Paradigm Hotels Group. Read more
Hotel Development Malta
Hard Rock Hotel Malta Announced for 2020
Hard Rock Hotel Malta Announced for 2020
The hotel will be part of a new mix-used development called db City Centre, which includes a shopping mall, luxury residences and modern office spaces, in the highly sought after area of St. George's Bay, St. Julian's. Read more
Hotel Transaction California
L’Auberge De Sedona and Orchards Inn Sold for $97 Million
L’Auberge De Sedona
IMH Financial Corporation announced today an agreement that encompasses the sale of L'Auberge de Sedona, Orchards Inn Sedona and 89 Agave Cantina to an affiliate of DiamondRock Hospitality Company. Read more
Hotel Development Miami
Downtown Miami Site for 1700-room Convention Center Hotel Expected to Close in Weeks, Per Report - Curbed
The much-discussed Downtown Miami convention center hotel planned for the old Miami Arena site (700 North Miami Avenue) inches closer to life, with MDM Group reportedly under contract to acquire the property for $44.5 million with the deal expected to close by the end of March, according to The Next Miami. Read more
Hotel Transaction Austria
Steigenberger Hotel Linz, Austria Sold to Trans World Corporation
Steigenberger Hotel Linz
The 176-room, river-front four-star hotel, which opened in 1995, is approximately 35 minutes driving time from the Company’s Route 55 Casino, located on the Czech-Austrian border near Dolni Dvoriste, Czech Republic, and 2.5 hours driving time from its Hotel Savannah/Route 59 complex, near Znojmo, Czech Republic Read more

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In Brief...

U.S. Lodging Investment Outlook
U.S. Lodging Investment Outlook - Q4 2016

Hotel Transaction California
Hotel Yountville in Napa Valley Sold For $96.5 Million

Hotel Development Manhattan
Waldorf Astoria Closes for Two Years of Renovations - New York Post

Hotel Transaction Virginia
Richmond Marriott Short Pump Hotel in Richmond, VA Sold for $38.5 Million

Hotel Transaction Atlantic City
Atlantic City's Taj Mahal To Become Hard Rock Hotel & Casino Atlantic City

Hotel Development Dominican Republic
Royalton Bavaro Resort in the Dominican Republic Breaks Ground

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