Hotel Development News
September, 7 2017
Can Saudi Arabia build a popular tourist destination?
JLL Real Views - Can Saudi Arabia Build a Popular Tourist Destination? - By Neasa MacErlean
Tourism in the Middle East has long been dominated by the high-end resorts in Dubai, Egypt and Jordan yet they could soon have a new challenger in their midst. Saudi Arabia is turning its attention to tourism and entertainment as it seeks to not only reposition its economy but also meet a pent-up demand for greater leisure options within its own population. Read More
Hotel Transaction Oregon
Rodeway Inn and Suites, Pendleton, Oregon Sold by Crystal Investment Property, LLC.
Crystal Investment Property, LLC, a licensed Oregon broker, represented the Seller and Buyer in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential. Read more
Hotel Development California
Dimension Development Adds The Hyatt Regency Westlake To Its Portfolio
Hyatt Regency Westlake
Located in Westlake, CA between Los Angeles and Santa Barbara, The Hyatt Regency Westlake is minutes from the scenic beaches of Malibu and Santa Monica mountains. The Mediterranean style hotel features 263 guestrooms, restaurant & lounge, over 25,000 sq.ft. of function space and cascading waterfalls and gazebo for unique weddings and occasions. Read more
Hotel Development Tennessee
5,200 Acre Blackberry Mountain Resort to Open Late 2018 in East Tennessee
Blackberry Mountain
For the first time in 40 years, Blackberry Farm announces a new property, Blackberry Mountain, opening in late 2018. With the creation of Blackberry Mountain, the Beall family is expanding their commitment to preserve the land surrounding the Great Smoky Mountains National Park and continuing the tradition of offering legendary hospitality. Read more
Hotel Development Central America
Hilton Expands Presence in Central America with the Signing of Nine Hotels Across Five Countries
Mahogany Bay Resort & Beach Club, Curio Collection by Hilton Clubhouse
These nine projects will deliver approximately 1,300 Hilton guest rooms in Central America, representing more than 10 percent of the company's pipeline of approximately 11,300 rooms in Latin America - where Hilton has more than 70 properties under development. Read more
Hotel Development Japan
Hotel JAL City Sapporo Nakajima Park Announced for 2019
Hotel JAL City Sapporo Nakajima Park Announced for 2019
Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd., announced today that it will open Hotel JAL City Sapporo Nakajima Park in 2019 on Japan’s northernmost main island of Hokkaido. The company has signed a contract with Sapporo NK Management LLC to operate and manage the new hotel. Read more
Hotel Development Vietnam
Radisson Blu Resort Phu Quoc to Open Late 2017 in Vietnam
Radisson Blu Resort Phu Quoc to Open Late 2017 in Vietnam
Carlson Rezidor Hotel Group announced today the signing of a management contract with Phu Quoc Tourist Investment & Development JS Companyto develop Radisson Blu Resort Phu Quoc. Scheduled to open in the last quarter of 2017, the new build hotel, with 522 rooms and suites, isset to be a focal point of Phu Quoc. Read more
Hotel Development Netherlands
The Monastery Hotel Koningsbosch in The Netherlands Joins Curio Collection
The Monastery Hotel Koningsbosch in The Netherlands Joins Curio Collection
Hilton has signed a management agreement with Gelasius Vastgoedmaatschappij B.V and Service Hotel and Resort International B.V. to open The Monastery Hotel Koningsbosch, Curio Collection by Hilton. The hotel, close to the German and Belgian borders in the Dutch province of Limburg, is set to open in 2020, marking the brand's debut in the Netherlands. Read more
Hotel Transaction Texas
Condor Hospitality Trust Acquires Two Marriott-branded Hotels for $38,800,000
Condor Hospitality Trust Acquires two Marriott-branded Hotels for $38,800,000
Condor Hospitality Trust, Inc. (NYSE American: CDOR) today announced that it has closed on the acquisition of two Marriott-branded hotels for $38,800,000. The closing includes the following hotels: the Fairfield Inn & Suites El Paso Airport and the Residence Inn Austin Airport. Read more

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In Brief...

Hotel Transaction Maryland
MGM Growth Properties LLC To Purchase MGM National Harbor Casino Resort for $1.1875 Billion

Hotel Development Italy
DoubleTree by Hilton Trieste Hotel Announced for 2019

Hotel Development Greece
Four Seasons Astir Palace Hotel Athens to Open Spring 2018

Hotel Transaction West Virginia
Quality Inn Morgantown WV Sold for $2.6 Million

Hotel Development Ethiopia
Hilton Signs Management Agreement for First DoubleTree by Hilton in Ethiopia

Hotel Transaction Texas
The Siegel Group Expands Texas Footprint with Acquisition of San Antonio Extended-Stay Hotel

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