Hotel Development News
March, 26 2019
Global Hotel Construction Pipeline Hits Record High at 2018 Year-End
Global Hotel Construction Pipeline Hits Record High at 2018 Year-End
The global pipeline has been ascending for eight consecutive years after reaching its cyclical low in 2010. All regional pipelines, with the exception of South America, continued their upward trend YOY. It is notable considering economic growth rates started to decline in 2018 and are forecast to slow further in 2019 and 2020. Four of the seven global regions reached all-time highs in 2018: Europe, Africa, Middle East, and Asia Pacific. Read More
Hotel Development Florida
First Compass by Maragaritaville Hotels & Resorts Breaks Ground on Anna Maria Sound, FL
Margaritaville Holdings Celebrates the Arrival of its Boutique Select-Service Brand, Announces Locations of Next Two COMPASS Properties Read more
Hotel Development Paris
The Radisson Collection Hotel & Suites Paris La Défense Announced
The Radisson Collection Hotel & Suites Paris La Défense Announced
The hotel will be located in the Sisters Towers, a new iconic development by Unibail-Rodamco-Westfield in the La Défense district. Read more
Hotel Transaction Orlando
Apple Hospitality REIT Acquires Home2 Suites by Hilton Orlando Airport for $20.7 Million
Apple Hospitality REIT, Inc. (NYSE: APLE) today announced the opening and acquisition of the new 128-room Home2 Suites by Hilton Orlando Airport for a purchase price of $20.7 million, or approximately $162,000 per key. Read more
Hotel Development Faroe Islands
New Four-Star Hotel Coming to the Faroese Capital of Tórshavn
Hotel Tórshavn
Part renovation and part expansion, the design refreshes the interior of the existing Hotel Tórshavn while adding a new wing on an adjacent lot, anticipated as around 100 rooms in total. Henning Larsen's 4,500 m2 proposal upgrades the hotel from a three-star to four-star establishment, and positions the building as an accessible pedestrian thoroughfare between two of the city center's most active streets. Read more
All Suites Brands By Hilton Development Update
All Suites Brands by Hilton Close Year with 30th Canadian Hotel Opening and Nearly 600 Properties in the Pipeline Worldwide
Homewood Suites by Hilton Ottawa Downtown
Brand Category Reached 1,000th Property Milestone in 2018 Read more
Cambria Hotels Development Update
New Cambria Hotels Announced for Detroit and Portland, Maine
Cambria Hotel in Detroit
Choice Hotels International, Inc. (NYSE: CHH) inked agreements with Koucar Management to develop new Cambria hotels in Detroit and Portland, Maine. The hotels are slated to open in 2020 and 2021, respectively. Read more
Hotel Development Vietnam
Hyatt Place Saigon Phu Nhuan Hotel Announced for 2022
Hyatt Place Saigon Phu Nhuan
Set to open in 2022, the hotel will mark Hyatt’s first Hyatt Place hotel in Vietnam Read more
Microtel By Wyndham Prototype
Microtel by Wyndham Unveils New Prototype
Microtel by Wyndham Unveils New Prototype
Microtel by Wyndham, the economy hotel brand under Wyndham Hotels & Resorts (NYSE: WH), today unveiled its newest prototype, a reimagined interior and exterior concept designed to elevate the brand, reduce building costs, optimize efficiencies and drive greater returns for developers. Read more

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In Brief...

Hotel Development France
How France’s Hotels Are Rethinking Style and Space

Hotel Development Cost Survey
HVS Report - Canadian Hotel Development Cost Survey 2018 - By Carrie Russell, Tom Beckett and Lily Li

Hotel Construction Pipeline Asia Pacific
China’s Hotel Construction Pipeline Hits New All-Time High Despite Growing Concerns About the Economic Slowdown

Hotel Development Norway
Scandic to Expand Two Norwegian Hotels

Hyatt Centric Development Update
Hyatt Centric Brand Announces New Hotels for Memphis and Nashville, Tennessee and Austin, Texas

Hotel Broker Of The Year
H. Brandt Niehaus Named Hotel Broker of the Year for Second Consecutive Year

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