Hotel Development News
September, 29 2017
 
 
 
Starwood Capital Group Acquires 30 Percent of YOTEL
 
Starwood Capital Group Acquires 30 Percent of YOTEL
 
YOTEL announced today that a fund affiliated with Starwood Capital Group has committed to making a strategic investment of $250 million in YOTEL, including acquiring a 30 percent stake in the company and investing in real estate acquisitions for new build, hotel conversion and adaptive reuse properties as YOTEL expands its international scale. Read More
 
Hotel Development Tennessee
Virgin Hotels Nashville Breaks Ground
Virgin Hotels Nashville Breaks Ground
 
New Hotel on Music Row slated to open in 2019 Read more
 
Hotel Transaction New Hampshire
Hilton Garden Inn Portsmouth Downtown in N.H. Sold for $43.5 Million
Hilton Garden Inn Portsmouth Downtown in N.H. Sold for $43.5 million
 
Chatham Lodging Trust (NYSE:CLDT today announced that it has acquired the 131-room Hilton Garden Inn Portsmouth Downtown in N.H., for $43.5 million, or approximately $332,000 per room. Read more
 
Hotel Transaction Oregon
The Dalles Inn, The Dalles, Oregon Sold by Crystal Investment Property, LLC
The Dalles Inn, The Dalles, Oregon sold by Crystal Investment Property, LLC
 
Crystal Investment Property, LLC, a member of Hotel Brokers International, announced the successful sale of The Dalles Inn, The Dalles, Oregon. Crystal Investment Property, LLC, a licensed Oregon broker, exclusively represented the Seller in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer as well as lenders and other professionals, to negotiate a mutually acceptable sale. The final sale price was confidential. Read more
 
Hotel Development Mexico
Park Hyatt Los Cabos and Park Hyatt Mexico City Hotels Announced
 
Hyatt Hotels Corporation (NYSE: H) announced today two new luxury hotel developments in Los Cabos and Mexico City, Mexico under the Park Hyatt brand. These two properties mark the debut of the Park Hyatt brand in the country. Read more
 
New Red Roof Brand
Red Roof Launches First Soft Brand The Red Collection
Red Roof Launches First Soft Brand The Red Collection
 
Following comprehensive consumer research, Red Roof has launched The Red Collection, the first soft brand in the company's 44-year history, with the opening of the first property, The St. Clair Hotel in Downtown Chicago. Read more
 
Hotel Development Brazil
Nobu Hotel São Paulo Announced
Nobu Hotel São Paulo Announced
 
Nobu Hotel São Paulo will not only offer Nobu's sought after gastronomic offering directly to guests' rooms but will also feature a rooftop bar and pool, event space, fitness and health center and 15,000 square meters of exclusive Nobu Residences. Read more
 
Hotel Transaction Washington D.C.
Staybridge Suites Tysons Corner - McLean Hotel Sold to Noble Investment Group
Staybridge Suites Tysons Corner - McLean Hotel Sold to Noble Investment Group
 
Noble Investment Group today announced the acquisition of the Staybridge Suites Tysons-McLean. The newly renovated, all-suite, extended-stay hotel is located in downtown McLean, part of the greater Tysons Corner market of Washington, D.C. Read more
 
Hotel Development South Carolina
Choice Hotels to Develop New Cambria Hotel in Fort Mill, S.C.
 
Choice Hotels International, Inc. (NYSE: CHH) signed an agreement with York Investment Properties, LLC, to develop a new Cambria hotel in Fort Mill, S.C. The 124-room property will be located within the company's mixed-use development site. Read more
 
Growing Hotel Markets
The Dynamic Dozen: the Growing Hotel Markets With Big Potential - JLL
 
Emerging cities across Asia and the Middle East are fast becoming the new lands of opportunity for investors and developers within the hotel industry. Read more
 

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In Brief...
 


Hotel Development Germany
Niu Saddle Hotel Announced for Fürth, Germany

Hotel Development Hungary
Párisi Udvar Hotel in Budapes Joins Unbound Collection by Hyatt

Saudi Arabia Tourism Development
New Jeddah Downtown Development Announced

Airbnb And The Hotel Industry
Hilton’s New 'Hostel on Steroids' Could Help It Steal Millennials From Airbnb - Fortune

Hotel Transaction Oregon
Silverton Inn, Silverton, Oregon, Sold by Crystal Investment Property, LLC.

 
 
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