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Hotel Development Bahrain |
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Bahrain Marina Development Company (BMDC) has appointed Hong Kong-based Shangri-La Hotels and Resorts as the hotel management company for the luxury hotel and waterfront villas located in Bahrain Marina. Read more |
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Hotel Transaction Arizona |
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Apple Hospitality REIT, Inc. (NYSE: APLE) today announced that it acquired the newly constructed 210-room Hampton Inn & Suites by Hilton Phoenix Downtown for a purchase price of approximately $44 million, or $210,000 per key. Read more |
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Hotel Portfolio Transaction |
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InterContinental Hotels Group [LON:IHG, NYSE:IHG (ADRs)] has today announced plans to expand its luxury and upscale estate in the UK. IHG has entered into a conditional agreement with Foncière des Régions, to rebrand and operate 12 high quality open hotels (2.2k rooms) and one pipeline hotel (185 rooms) into its portfolio across the UK. Read more |
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Hotel Development Australia |
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IHG has signed a deal with Barnes Capital to open a striking Holiday Inn in Coburg, Melbourne's up-and-coming northern suburb, in 2020. Read more |
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Hotel Development Vancouver |
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The Four Seasons hotel in downtown Vancouver is shutting down after operating for more than 40 years. Read more |
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Hotel Development Oman |
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Mandarin Oriental, Muscat will feature 150 guestrooms and suites, five restaurants and bars, a Spa at Mandarin Oriental and an outdoor swimming pool. A variety of banqueting and meeting spaces will accommodate social and business events. Read more |
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Hotel Portfolio Sale |
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The portfolio consists of 14 leading, full-service hotels comprised of 2,638 keys and split across two distinct landmark brands, Principal (12 hotels) and De Vere (2 hotels). The properties occupy flagship locations in high-growth cities across the U.K., including London, Manchester, Edinburgh, Glasgow, Oxford, York and Leeds. Included in the portfolio are The Principal London and The Principal Manchester, two of the most iconic and historic hotels in the U.K. Read more |
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Hotel Development Australia |
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Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with PEC Portfolio Springvale Pty Ltd for a 200-key Hyatt Place hotel in Melbourne, Australia. Read more |
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