Hotel Development News
March, 9 2018
 
 
 
Las Vegas Sands Agrees to $1.3 Billion Sale of Sands Bethlehem
 
Las Vegas Sands Agrees to $1.3 Billion Sale of Sands Bethlehem
 
Las Vegas Sands Corp. (NYSE: LVS) announced today that the company has entered into a definitive agreement under which Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, will acquire the Sands Bethlehem property in Pennsylvania for a total enterprise value of $1.30 billion. Read More
 
Hotel Transaction Idaho
Crystal Investment Property Brokers Sale of Birch Glen Lodge, Cascade, Idaho
Birch Glen Lodge, Cascade, Idaho
 
Crystal Investment Property represented the Seller and Buyer in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential. Read more
 
Interstate Hotels & Resorts Acquisition
Interstate Acquires Gateway Hospitality Group Management Platform
The Graham Georgetown - Washington DC
 
Aggregating to 2,544 rooms, the portfolio includes premium select-service properties under top lodging brands including Hilton and Hyatt in addition to two luxury boutique hotels located in five states and the District of Columbia. Read more
 
Carlson Rezidor Hotel Group Rebranding
Carlson Rezidor Hotel Group Rebrands to Radisson Hotel Group
 
Currently, the 11th largest hotel group in the world, Radisson Hotel Group is made up of eight hotel brands with more than 1,400 hotels in operation and under development. Read more
 
Hotel Transaction California
The Landing Resort & Spa in Lake Tahoe, California Sold for $42 Million
The Landing Resort & Spa in Lake Tahoe, California Sold for $42 million
 
DiamondRock Hospitality Company (NYSE: DRH) last week announced that it has acquired The Landing Resort & Spa in Lake Tahoe, California, for $42 million, or $545,000 per key. The acquisition represents a 7% yield on 2017 Hotel Adjusted EBITDA. Read more
 
Hotel Development Europe
Interstate Hotels to Manage 12 Hotels for Borealis Hotel Group
Hotel Indigo The Hague-Palace Noordeinde
 
Interstate Hotels & Resorts announce the addition of 12 new hotels to its international portfolio, including the company's first entry into France. Read more
 
New Radisson Brand
Radisson Hotel Group Announces Radisson Collection Brand
Hormuz Grand Muscat, Oman
 
Radisson Collection brings together the finest hotels in the Radisson Hotel Group portfolio. 14 hotels are confirmed to join the collection following the launch. Read more
 
Hotel Development Iceland
Reykjavik Konsulat Hotel in Iceland Joins Curio Collection
Reykjavik Konsulat Hotel in Iceland Joins Curio Collection
 
The location of the new hotel was once a 1900s department store and the new charming building has been decorated with eclectic architecture that nods to historic times. Read more
 
Hotel Development St. Kitts
Six Senses Announces Resort in St. Kitts
Six Senses Announces Resort in St. Kitts
 
Opening in 2021, the resort is set on the site of a former sugar cane plantation with gentle hills rolling down to a long stretch of sandy beach fronting the Caribbean Sea. All of the projected 70 pool villas and The Retreat enjoy sea views . Read more
 
Hotel Development Panama
Judge, Police Help Oust Trump Hotels from Panama Property - AP
 
Workers pried President Donald Trump's name from signs outside his family company's luxury hotel in Panama on Monday, as Trump's executives were ousted from their management offices in a business dispute under orders from Panamanian officials. Trump's security guards also left. Read more
 
Hotel Development Bahamas
Nassau Airport Development Company Seeking Hotel Developer for Project at Lynden Pindling International Airport (LPIA)
Nassau Airport Development Company Seeking Hotel Developer for Project at Lynden Pindling International Airport (LPIA)
 
Nassau Airport Development Company is seeking EOIs for the design, financing, construction and operation of an on-airport hotel and multi-purpose facility at Lynden Pindling International Airport (LPIA). Read more
 

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In Brief...
 

European Hotel Valuations
HVS Report - 2017 European Hotel Transactions (PDF Download)

Hotel Development Belize
Alaia Hotel In Belize Joins Autograph Collection

AccorHotels Acquisition
Australian Competition and Consumer Commission Will Not Oppose Accor's Acquisition of Mantra

Hotel Development Abu Dhabi
Jumeirah Al Wathba Desert Resort in Abu Dhabi to Open September 2018

Moxy Hotels Development Update
Moxy Hotels Plans to Add 40 New Destinations in Europe

SO/ Hotels Development Update
AccorHotels Adds Four SO/ Branded Hotels

Hotel Development Tennessee
Margaritaville Nashville Hotel to Open Summer 2019

Hotel Development Los Cabos
Luxury Collection to Open Resort in Los Cabos

Crowne Plaza Design Refresh
Crowne Plaza Unveils New Designs

 
 
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