Hotel Transactions Europe
HVS Europe Hotel Transactions Bulletin Week Ending 26 April 2024
A summary of European hotel transactions provided by HVS
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Hotel Development News
Hotel Transaction New Orleans
410 Room Marriott Dual Branded New Orleans Marriott Courtyard and Springhill Suites Hotels Sold for $73 Million
First Major Hotel Sale in the Market Since Early 2023 Signals Rebound of Hotel Market Sales
Choice Hotels Development Update
Choice Hotels Relaunches Park Inn by Radisson
During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH) announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
Hotel Transaction Nashville
Dual-Branded 1 Hotel and Embassy Suites Nashville Hotel Sold
Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners today announced that controlled affiliates have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts, a lodging real estate investment trust and owner of luxury and upper-upscale hotels. Terms of the transaction were not disclosed.
Hotel Development Las Vegas
The Venetian Resort Las Vegas Unveils $1.5 Billion Hotel Renovation Timed to Its 25th Anniversary
Twenty-five years ago, The Venetian Resort Las Vegas made waves when it pioneered the convention-hotel concept and delivered Venice's canals to the Las Vegas desert, gondoliers and all. Today, coinciding with this momentous birthday, the iconic resort unveils a new era ushered in by its $1.5 billion reinvestment project.
Accor Development Update
Accor Provides Update on Expansion in Saudi Arabia, the UAE and Qatar
Accor participated in the Future Hospitality Summit, which returned to Saudi Arabia this year, bringing together the Kingdom's leading industry experts. From 2022 to 2032, the growth rate in the GCC's tourism sector is projected to be 13.6% with a potential market value of 65.5 billion USD.
Hotel Development Laos
Meliá Hotels to Open the The Grand Luang Prabang in Laos
Spanish hotel group signs first hotel in Laos, increasing presence to seven countries in Asia
Hotel Development India
IHCL Strengthens Its Spiritual Tourism Circuit with Gateway Hotel Signing in Sarnath
Indian Hotels Company (IHCL), India's largest hospitality company, today announced the signing of a hotel in Sarnath, Uttar Pradesh. The Greenfield project will be branded a Gateway hotel.
Hotel Development Osaka
Four Seasons Hotel Osaka to Open This August
Towering above the city's dynamic Dojima district, the all-new Four Seasons Hotel Osaka is now accepting reservations ahead of its grand opening this summer.
Hotel Development Brisbane
Kimpton Hotel to Open 20028 in Brisbane's Trendy Teneriffe Suburb
Kimpton in Brisbane's Teneriffe will have absolute waterfront access and views across the Queensland capital
Hotel Development Sydney
Sydney Heritage Hotel, Hotel Woolstore 1888, Joins Accor's Handwritten Collection
Accor announced today that one of Sydney's finest heritage hotels, Hotel Woolstore 1888, is joining its portfolio of Handwritten Collection hotels in May 2024 under a hotel management agreement with the hotel's new owners Shakespeare Property Group.
Hotel Development Saudi Arabia
Hotel Indigo & Residences Al Khobar to Open 2027 in Saudi Arabia
IHG Hotels & Resorts has signed a management agreement with Refad Real estate investment & development company part of Abdulhadi AlQahtani, sons group Company to bring Hotel Indigo & Residences Al Khobar to Saudi Arabia by September 2027.
Hotel Development Bangkok
Hotel Indigo to Open 2026 in Major Bangkok Development
The 274-room Hotel Indigo The Forestias Bangkok will open in 2026 at The Forestias, a new integrated 64-hectare mixed-used development on the eastern fringe of Bangkok - the largest growth project of its kind in the country.
Hotel Development India
IHCL Signs Ginger Hotel in Varanasi, Uttar Pradesh
The 101-key hotel is strategically positioned in Lahartara Phulwaria intersection, conveniently situated within easy reach of renowned tourist destinations like the Kashi Vishwanath temple.
Hotel Development Paris
Radisson Collection Hotel Rivoli Paris to Open in 2027
The hotel will be located just steps away from the renowned Louvre Museum and Le Marais, in the highly anticipated BPM (Beats Per Minute) development. This mixed-use development takes place in an iconic and heritage-protected Haussman building which has recently commenced its rehabilitation work.
Hotel Development Vietnam
Kempinski Enters Vietnam with Kempinski Saigon River Hotel to Open in 2026
Kempinski introduces a riverside resort rooted in Vietnamese culture and heritage, designed by architectural studio Kengo Kuma & Associates
Choice Hotels International Hosts 'SOAR' Seminar to Attract, Mentor and Educate Historically Underrepresented Groups on Their Path to Hotel Ownership
Industry's first and only dedicated development team focused on creating a more inclusive hospitality industry reintroduces program with a new name and hosts second annual HERtels luncheon
Hotel Development Tokyo
YOTEL Partners with Frasers Hospitality to Launch Yotel Tokyo Ginza in 2025
YOTEL Tokyo Ginza will be the first of several new openings in the region for YOTEL, followed by properties in Bangkok and Kuala Lumpur in 2025-6.
Hotel Development Las Vegas
27 Acre Mixed-Use Development Anchored by Entertainment and Sports Arena on Las Vegas Strip Announced
Project to be situated on prime 27-acre site in proximity to Fontainebleau Las Vegas and Resorts World Las Vegas
Hotel Development Southeast Asia
Hotel Franchising Poised for Growth Across Southeast Asia According to JLL
Franchising is gaining traction in Southeast Asia, presenting both opportunities and challenges for hoteliers.
Hotel Development Saudi Arabia Makkah
Abraj Omar Hotel & Residences Makkah - MGallery Collection to Open 2028 in the Holy City of Makkah
Accor in partnership with Alesayi Holding has announced plans for the opening of a new hotel and residences development, Abraj Omar Hotel & Residences Makkah - MGallery Collection, located in the heart of the Holy City of Makkah, Kingdom of Saudi Arabia.
Hotel Transactions Europe
HVS Europe Hotel Transactions Bulletin Week Ending 19 April 2024
A summary of European hotel transactions provided by HVS
Capital Invesment
Capex and PIPs - What We Learned From Industry Experts at the Hunter Hotel Investment Conference 2024 - By Charis Atwood
Embarking on a hotel renovation? Armed with a Property Improvement Plan (PIP) but unsure where to start? We've got you covered with insights learned at the recent Hunter Hotel Investment Conference in Atlanta where industry experts spoke from a diverse range of experience on one of our favorite topics - PIPs and Capex investments.
Hotel Development Saudi Arabia
Ritz-Carlton Reserve to Open in Trojena, the Mountains of NEOM
Marriott International, Inc. announced it has signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the northwest region of the country, the property will offer a complete escape into a private world of luxury.
Kerzner International Development Update
Kerzner International Annouces SIRO Hotels for Los Cabos & Riyadh
Properties in Riyadh, Saudi Arabia and Los Cabos, Mexico will join recently opened SIRO One Za'abeel in Dubai, and forthcoming SIRO Boka Place in Montenegro, set to open in Q4 2024