Hotel Development News
January, 10 2018
St. Regis Hotel Coming to Hong Kong Early 2019
St. Regis Hotel Coming to Hong Kong Early 2019
St. Regis Hotels & Resorts today announced a collaboration with China Resources Property which is slated to bring the St. Regis brand to Hong Kong by early 2019. Marriott International has nine properties in Hong Kong, but this will be the first property for the St. Regis brand in the city. Read More
Scandic Acquires Restel's Hotel Operations in Finland
On June 21, 2017, Scandic announced the acquisition of Restel's hotel operations in Finland. On December 5, the transaction was approved by the Finnish Competition and Consumer Authority subject to the divestment of one hotel in Lahti, one in Pori and one in Kuopio. Read more
Hotel Transaction Kentucky
Huff, Niehaus & Associates Structures Sale of the Microtel Inn & Suites, Florence, Kentucky
Microtel Inn & Suites, Florence, Kentucky
The three-story, 83-room hotel sold on December 28, 2017, for $3,900,000. Read more
Hotel Transaction Indiana
Condor Hospitality Trust Sells Comfort Inn & Suites Warsaw, IN for $5.0 Million
Comfort Inn & Suites Warsaw, IN
Condor Hospitality Trust, Inc. (NYSE American:CDOR today announced the closing on the sale of a legacy hotel asset, the 71-room Comfort Inn & Suites located at 3328 East Center Street, Warsaw, IN 46582 for $5.0 million. Read more
Hotel Development Atlanta
Hospitality Ventures Management Group Sells Embassy Suites Atlanta – Galleria
Embassy Suites Atlanta  Galleria
Hospitality Ventures Management Group (HVMG) today announced it has sold the 261-suite Embassy Suites by Hilton Atlanta – Galleria to an unaffiliated third party and retained management of the property. Read more
Hotel Development London
The London Gantry, Curio Collection by Hilton Hotel Announced for 2020
The London Gantry, an 18-storey Curio Collection by Hilton hotel with 285 guestrooms, will include extensive neighbourhood bar and restaurant spaces and an impressive sky bar with views across the Queen Elizabeth Olympic Park and beyond to London's dramatic skyline. Read more
Hotel Development China
Carlson Rezidor Hotel Group Signs Radisson Zhengzhou, China
Carlson Rezidor Hotel Group Signs Radisson Zhengzhou, China
Carlson Rezidor Hotel Group today announces the signing of a management agreement for Radisson Zhengzhou with Henan Longzhu Hotel Management Co., Ltd. Scheduled to open in the first quarter of 2022, the 210-key property is located at Zhengdong New District, Zhengzhou city in China. Read more
Hotel Transaction Florida
Hilton Melbourne Rialto Place in Melbourne, FL Sold
Hilton Melbourne Rialto Place Hotel, FL
Officials of The Buccini/Pollin Group today announced that it has acquired the 238-room Hilton Melbourne Rialto Place in Melbourne, Fla. PM Hotel Group will operate the hotel. Read more
Hotel Development Pennsylvania
Interstate Hotels Adds Renaissance Philadelphia Airport Hotel to Portfolio
Renaissance Philadelphia Airport
Interstate Hotels & Resorts announces that it has been selected to manage the 349-room Renaissance Philadelphia Airport Hotel, recently acquired by AMENA Hotels LLC. The hotel will immediately undergo a comprehensive renovation. Read more

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In Brief...

Modular Building Construction
HVS Report - China - Hotel Asset Management in Numbers - By Daniel J Voellm

Hotel Transaction Atlantic City
Revel Casino Hotel in Atlantic City Sold for $200 Million

Hotel Development Illinois
Milmark Hotel/Motel Investments, LLC Adds Illinois License

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