Hotel Development News
July, 12 2017
The State of the Lodging Industry
The State of the U.S. Lodging Industry - Mid-Year Market View
As the first half of 2017 concludes, the lodging market continues to demonstrate its resilience and its performance remains stable. This achievement is attributable not only to lodging industry-specific factors, but also to greater macroeconomic influences. Read More
Hotel Portfolio Transaction
Australia's StayWell Hospitality Group Sold to Prince Hotels
Brisbane River - Park Regis North Quay
StayWell operates a total of 30 hotels, including those under development, in Australia, India and five other countries. Read more
Hotel Transaction Denmark
AC Hotel Bella Sky Copenhagen, Denmark Sold
AC Hotel Bella Sky Copenhagen, Denmark Sold
JLL has worked with Sadolin & Albæk to advise Danish private equity firm Solstra Investments A/S on the sale of the AC Hotel Bella Sky Copenhagen, the largest hotel in Denmark, to Norwegian investor Wenaasgruppen. Read more
Hotel Transaction London
The Grosvenor House Hotel in London Sold
The Grosvenor House Hotel in London Sold
The Grosvenor House Hotel in London, was acquired by U.S. real estate firm Ashkenazy Acquisition Corp on 6th July 2017 in what constitutes the most significant single asset hotel deal in U.K. history. Financial terms were not disclosed. Read more
Hotel Development California
National Historic Landmark, Hotel Del Coronado Joins Curio Collection
National Historic Landmark, Hotel Del Coronado Joins Curio Collection
Hotel del Coronado, set on one of the country's award-winning beaches, will officially join the Curio Collection by Hilton in July 2017. Read more
Hotel Development Spain
Hard Rock International Reveals Details of Hard Rock Entertainment World Proposal
The project, located in Vila-seca and Salou (Tarragona), Spain, will consist of a combination of hotels and convention areas, with world-class entertainment, dining and shopping. This project is defined through a complete Zoning Plan already approved by the Catalan Government. Read more
Hotel Development Illinois
WoodSpring Hotels Breaks Ground in Tinley, Ill.
WoodSpring Hotels has partnered with Holladay Properties, a privately held, full-service commercial real estate firm, to develop their third hotel in the Chicago market. This property will be located in Tinley Park, Ill., near the intersection of I-80 and Harlem Avenue. Read more
Hotel Development Costa Rica
Four Seasons Resort Costa Rica at Peninsula Papagayo Announces $35 Million Resort Renovation
Four Seasons Resort Costa Rica's Standard King Bedroom (Photo Credit: Don Riddle)
The USD 35 million renovation of Four Seasons Resort Costa Rica will be guided by a locally-inspired yet globally-considered modern design narrative from Meyer Davis Studio. The renowned New York City-based design boutique will bring a handcrafted approach to effortlessly integrating the Resort’s signature indoor-outdoor spaces with the peninsula’s vibrant tropical landscape so that nature takes centre stage. Read more
Hotel Development Costa Rica
$100 Million Investment to Re-Imagine 1,400-Acre Peninsula Papagayo
Peninsula Papagayo, Costa Rica
Latin America’s Premier Residential and Resort Destination to Undergo Initial Capital Improvements Project as Part of Major Transformation Featuring Renovated Four Seasons Resort Costa Rica, First-Ever Peninsula Amenities, Expansive Network of Nature Trails and Only-Here Explorations Read more

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In Brief...

Market Report Vietnam
Vietnam Remains Key Focus for Hotel Investors and Operators

South East Asia Hotel Investors’ Summit
HVS Report - Key Takeaways - SEAHIS 2017

Investors Eye Opportunities
Beyond the Beach: Why the Indian Ocean Islands Are a Hit with Investors - By Natalie Holmes

Hotel Development Toronto
Kimpton Hotels & Restaurants Expands North American Presence with Bloor-Yorkville Hotel in Toronto

Hotel Transaction Maryland
Dual-branded Aloft Arundel Mills and Element Arundel Mills Hotels Sold to Noble

Hotel Development Texas
Choice Hotels to Develop New Cambria Hotel in Austin, Texas

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