Hotel Development News
May, 8 2018
 
 
 
Japan’s Next Generation of Capsule Hotels
 
JLL Real Views - Style in Small Spaces: Japan’s Next Generation of Capsule Hotels - by Serene Lim
 
Capsule hotels in Japan were once the domain of salarymen looking for a cheap, fuss-free spot to crash after a late night. But a new crop of guests has helped spur their resurgence, with growing numbers of novel and upmarket versions opening in the last year. Read More
 
Hotel Development Bahrain
Shangri-La Hotel Bahrain Announced for 2022
 
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
 
Hotel Transaction Arizona
Hampton Inn & Suites by Hilton Phoenix Downtown Sold for $44 Million
Hampton Inn & Suites by Hilton Phoenix Downtown Sold for $44 million
 
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
 
Hotel Portfolio Transaction
IHG to Operate 12 Foncière Des Régions Hotels in the U.K.
IHG adds 13 luxury and upscale hotels in the UK
 
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
 
Hotel Development Australia
Holiday Inn Melbourne Coburg Hotel Announced for 2020
Holiday Inn Melbourne Coburg Hotel Announced for 2020
 
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
 
Hotel Development Vancouver
Four Seasons Hotel Vancouver to Close in 2020 - CBC
 
The Four Seasons hotel in downtown Vancouver is shutting down after operating for more than 40 years. Read more
 
Hotel Development Oman
Mandarin Oriental Muscat Announced for 2021
 
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
 
Hotel Portfolio Sale
Starwood Capital Group Sells £830m ($1.1b) Portfolio of U.K. Hotels to Foncière Des Régions
 
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
 
Hotel Development Australia
Hyatt Announces Plans for Hyatt Place Melbourne Springvale Hotel
Hyatt Announces Plans for Hyatt Place Melbourne Springvale Hotel
 
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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In Brief...
 

Hotel Development Los Angeles
The Mayfair Hotel in Los Angeles Joins Latitudes Collection

Hotel Development Tennessee
HMC Assumes Management of Holiday Inn Express® Memphis, TN

Hotel Development Greece
Shaner Hotel Group in JV with Athens, Greece-based CS Hospitality

Hotel Development Norway
Scandic Voss Hotel to Open 2020 in Norway

 
 
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