Hotel Development News
November, 10 2017
Hong Kong Leads Asia Pacific for Hotel Deals in Third Quarter Of 2017
Hong Kong Leads Asia Pacific for Hotel Deals in Third Quarter Of 2017
Japan, Thailand and Australia offered the most investment grade hotels for sale, with limited opportunities in rest of region, says real estate consultancy JLL Read More
WoodSpring Hotels Development Update
WoodSpring Hotels to Open 21 Hotels in 2017
WoodSpring also announced that the company plans to open an additional 45 hotels (35 franchised, 10 corporate owned and operated) in 2018, has executed 23 deals year-to-date and has over 25 deals in the sales pipeline across the U.S., making it a record development year for the brand. Read more
JHM Hotels
JHM Hotels Transitions into Four New Hotel Companies
JHM Hotels today announced that the company will transition into four new independent hotel companies, paving the way for the second generation of the successful family business. Read more
Hotel Development Thailand
Minor Hotels Add AVANI Resort in Hua Hin, Thailand to Portfolio
AVANI Resort in Hua Hin, Thailand
Minor Hotels announced a 50/50 joint venture partnership with B&G Park Co. Ltd, to own and operate a resort in the beachside town of Hua Hin in Thailand. Currently operating as Ananda Hua Hin Resort & Spa, the property will be rebranded to AVANI Hua Hin Resort & Villas on November 20, 2017 and represents an investment of USD 22.5 million by Minor Hotels. Read more
Hotel Development Australia
The Luxury Collection Announces First Hotel In Tasmania
The Tasman, a Luxury Collection Hotel
Scheduled to open in 2018, the restored luxury hotel will be located in the heart of Australia's island state capital Read more
Hotel Financing
Stonehill Closes on 15 Transactions Totaling $250 Million-Plus YTD 2017
Stonehill yesterday announced that it has closed 15 transactions totaling over $250 million through Q3 2017 and expects to close on an additional $100 million by year’s end. The transactions include ten bridge loans, two permanents loans, two preferred equity investments and one mezzanine loan. Read more
Hotel Development Bali
Radisson Blu Bali Uluwatu to Open January 2018
Radisson Blu Bali Uluwatu to Open January 2018
Just a 40-minute drive from Bali Ngurah Rai International Airport lies Uluwatu ­- a rural jewel in Bali's Bukit peninsula's crown. On this southwestern tip of the Island, Indonesia's first Radisson Blu resort, Radisson Blu Bali Uluwatu is set to January 2018. Read more
Oberoi Group Development Update
Oberoi Hotel Brand Coming to the Americas
The Oberoi Mumbai
Grupo GDI today signed a letter of intent and an exclusive agreement with the Oberoi Group of India to develop the Oberoi Hotels & Resorts in the US, Canada, Mexico, Latin America and the Caribbean. Read more
Hotel Development Virginia
Virginia Crossings Hotel & Conference Center Joins Tapestry Collection
Virginia Crossings Hotel & Conference Center Joins Tapestry Collection
Featuring 183 spacious rooms and suites with more than 28,000 square feet of flexible event space boasting natural lighting, the southern-style estate includes a variety of gardens, courtyards and is next to the Crossings Golf Course - an 18-hole masterpiece designed by prolific golf course architect Joe Lee. Read more

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In Brief...

Hotel Development Cost Survey
HVS Report - U.S. Hotel Development Cost Survey 2016/17 - By Stacey Nadolny

Hotel Development Qatar
Minor Hotels to Open Three New-Build Hotels in Qatar

Hotel Development Thailand
220 Room Holiday Inn Express Bangkok Ratchada to Open 2020

Hotel Development India
Radisson Gurugram Udyog Vihar Hotel Opens After Rebranding

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