Hotel Development News & Trends

Starwood Hotels Announces the Sale of the St. Regis New York's Retail Space for $117 Million

Thu, 5 Nov 2009 11:15:38 EST

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that the Company has closed on the sale of 24,700 square feet of retail space at the St. Regis New York.

New 21c Museum Hotel to Open in Cincinnati, Ohio

Wed, 4 Nov 2009 13:01:26 EST

Building on its mission of engaging the public with contemporary art and supporting the revitalization of American downtowns, 21c Museum Hotels will renovate and restore the former Metropole Hotel - an historic landmark in downtown Cincinnati - to its original purpose as a hotel and a centerpiece of the city.

Hotel Roanoke & Conference Center Seeks Proposals From Qualified Management Firms to Serve As Its Operator

Tue, 3 Nov 2009 10:01:48 EST

With the assistance of its advisor, PKF Consulting of Atlanta, the Hotel Roanoke & Conference Center (HR&CC) is seeking proposals from qualified management firms interested in operating the 332 room historic hotel and adjoining conference site in Roanoke, Virginia.

Starwood Hotels Signs Agreement to Sell Bliss Spas to Steiner Leisure for $100 Million

Tue, 3 Nov 2009 09:11:08 EST

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that the company has signed an agreement to sell the Bliss spa and product company to Steiner Leisure Limited (Nasdaq:STNR) for $100 million. As part of the transaction, Bliss and Remede spas and amenities will remain exclusive to Starwood in the hotel category at W Hotels and St. Regis Hotels respectively.

Strategic Hotels & Resorts Closes Sale of the Four Seasons Mexico City

Mon, 2 Nov 2009 06:10:31 EST

Strategic Hotels & Resorts, Inc. (NYSE:BEE) , today announced that the company closed on its disposition of the Four Seasons Mexico City hotel to an affiliate of Meridia Capital for a purchase price of $54.0 million.

And the Peripheral New York City Lodging Markets Are Headed...? - By Zubin Saxena

Mon, 2 Nov 2009 05:51:16 EST

A discussion on the existing lodging demand fundamentals and outlook for peripheral New York City hotel markets. The article also discusses why these areas may present good investment opportunities for hotel investors.

Swissôtel Hotels & Resorts to Open its First Hotel in the Middle East: Swissôtel Makkah in Saudi Arabia

Mon, 2 Nov 2009 05:33:49 EST

Construction is under way on Swissôtel Hotels & Resorts' first hotel in the Middle East: Swissôtel Makkah in Saudi Arabia. The international hotel chain expects the hotel to open in January 2011.

Luxury Link and Lexus Go Green

Thu, 29 Oct 2009 18:06:49 EST

Eco-friendly packages offering luxury accommodations and use of the Lexus LS Hybrid sedan now available on Luxury Link.

Best Western continues its expansion in Malaysia, opening a Marina Island Hotel in Pangkor in 2010

Wed, 28 Oct 2009 14:38:09 EST

Best Western has signed on its third property in Malaysia, the newly built 170 rooms-hotel to be opened in 2010.

Carlson Hotels Worldwide Adds 24 New Properties in the Third Quarter of 2009

Wed, 28 Oct 2009 11:05:41 EST

New Agreements for 10 Future Hotels Also Signed

IHG signs InterContinental Hotel in London's Westminster

Tue, 27 Oct 2009 08:48:50 EST

InterContinental Hotels Group (IHG) has signed a 20 year management contract with Splendid Hotel Group for a new 254-room six storey InterContinental property in the centre of London. The InterContinental London Westminster is set to open in late 2011.

Triyar Hospitality Scottsdale, LLC, Owner of W Scottsdale Hotel, Has Reached Resolution with Its Lender and Contractors, Ending Litigation and Canceling Foreclosure Proceedings

Mon, 26 Oct 2009 08:47:24 EST

Triyar Hospitality Scottsdale, LLC, owner of the W Scottsdale Hotel, announced that it has reached a resolution in its legal disputes with its lender and the hotel's construction contractors, which ends litigation between them and the lender's foreclosure proceedings.

Hilton Garden Inn Set to Expand in Luton, UK

Mon, 26 Oct 2009 08:30:33 EST

Luton confirmed as key location for Hilton Garden Inn as second hotel announced

IHG Signs Agreement For New InterContinental Hotel in Mendoza, Argentina

Mon, 26 Oct 2009 08:28:02 EST

The 218-Guestroom InterContinental Mendoza Will Be Located in City Renowned for Its Spectacular Vineyards

W Austin Hotel & Residences Secures Construction Financing to Complete Project on Schedule

Thu, 22 Oct 2009 11:40:20 EST

Austin-based Stratus Properties Inc. (NASDAQ: STRS) and the Canyon-Johnson Urban Funds announced today the closing of a replacement construction loan for the W Austin Hotel & Residences project.

Hilton Expands Further in Italy with Signing of Hilton Garden Inn Venice

Wed, 21 Oct 2009 12:41:25 EST

Hilton Worldwide has today announced the signing of a franchise agreement with VENEZIA CAPITOL Srl to open a Hilton Garden Inn hotel in Venice, Italy. Scheduled to open by summer 2010, the Hilton Garden Inn Venice / Mestre San Giuliano will be the a second hotel for Hilton Worldwide in this landmark European city.

Doubletree by Hilton to Debut in Sardinia

Wed, 21 Oct 2009 12:39:13 EST

Doubletree by Hilton, Olbia-Sardinia Set to Open in 2010

IHG Signs Agreement for New Holiday Inn Express Rosario in Argentina

Tue, 20 Oct 2009 15:44:00 EST

Hotel Will Be the Second IHG Property Located in Rosario

Marriott International Celebrates 20 Years in Eastern Europe by Signing 2 More Hotel Deals

Tue, 20 Oct 2009 07:31:45 EST

Newly-signed Courtyard by Marriott hotels in Kazan, Tartarstan, and Irkutsk, Russia, bring Marriott's development pipeline in the region to 10 properties due to open through 2012, adding to its existing 24-hotel portfolio in Eastern Europe

NHH Hotels & Resorts Introduces Café Zest

Mon, 19 Oct 2009 11:06:10 EST

A brand new restaurant concept redefines hotel dining at two exceptional properties