HNR Development Update Issue: June, 2 2023 | Read Online
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Weekly Development Update
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Hotel Development Los Angeles
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Crestline Hotels & Resorts, LLC expands its management portfolio of luxury boutique hotels with the addition of The Delphi in downtown Los Angeles, California (formerly The Standard Hotel) and the Waldorf Towers in Miami Beach, Florida. Read more
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Hotel Transaction Seattle
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Pebblebrook Hotel Trust (NYSE: PEB) announced that on May 24, 2023, it closed on the sale of the 125-room Hotel Vintage Seattle in Seattle, WA for $33.7 million to a third party. Read more
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Hotel Development Saudi Arabia
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This most recent partnership highlights Hiltons presence and growth in Saudi Arabia, where it currently operates 16 hotels with another 51 in the pipeline and plans to grow its portfolio to more 75 hotels in the coming years. Read more
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Accor and Polski Holding Hotelowy Group announced a partnership to implement their first joint venture. Next year, Interferie Hotel Medical Spa Świnoujście, operated by PHH Group, will welcome its first guests under the Mövenpick brand from Accor's portfolio. Read more
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Euro Hostel Glasgow offers a rare opportunity to secure a major city centre building fronting Glasgows iconic River Clyde. The building offers significant opportunity to reposition or redevelop the existing hostel. Read more
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Located within the growing Miami community of the same name, EVEN Hotel Sweetwater Doral is projected to open in time for the summer travel season in 2024. Read more
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The 283-key hotel will become the second Hyatt-branded hotel in Cairos Pyramids Heights Business Park, following the opening of Hyatt Regency Cairo West in 2021. Read more
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After delays due to the pandemic, the time has finally come to break ground on the future Hard Rock Hotel & Casino Ottawa. Media are invited to take part in a groundbreaking ceremony that will take place on Tuesday, June 6, 2023. Read more
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Hotel Transaction Australia
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Located on the corner of High and Mouat Streets, the historic property was originally built in the 1830s as the Victoria Hotel then rebuilt in 1901 and renamed the P&O Hotel. It was most recently operated by Notre Dame University and is currently vacant. Read more
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Indian Hotels Company (IHCL) today announced the signing of a resort in Naukuchiatal, Uttarakhand. This is a conversion and will be rebranded an IHCL SeleQtions hotel after extensive renovations and expansion. Read more
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Hotel Development Bangkok
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Slated to open in 2025, YOTEL Bangkok will be located within Cloud 11, Asias largest content creator hub with a project value of over 1.2 billion USD. Read more
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Kimpton Los Monteros Marbella will feature 178 rooms and suites, four restaurants and bars and a wide range of leisure activities including two swimming pools, a gym, tennis courts and a spa. Read more
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Slated to open by the end of 2023, Secrets Playa Blanca Costa Mujeres will be located along a secluded strip of the Costa Mujeres shoreline, just 12 miles north of Cancun, Mexico. Read more
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Hotel Transaction Michigan
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This 137-unit property with adjacent ±10,000 square foot conference center benefits from its location adjacent to the main campus of Central Michigan University. Read more
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Hotel Development Maldives
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Early works on reclamation and the first phase of the development of the Corinthia Maldives resort located on the Kaafu Atoll have commenced and will feature two islands hosting a 73-key resort on the larger of the two and a second, smaller private island for exclusive use. Read more
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Located in key gateway cities and emerging destinations, these new hotels are present across Hyderabad, Bengaluru, Ujjain, Raipur, Sonamarg, Manali, Kerala, and Visakhapatnam. Read more
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My Place Hotels Development Update
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My Place Hotels of America has entered into a two-phase franchise and development agreement with Rimrock Companies, a privately-held real estate development and investment company headquartered in Jacksonville, FL, for 10 extended-stay hotels throughout the South over the next six years. Read more
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Hoteliers with all-inclusive resorts say there's still untapped demand from some U.S. customers who don't yet trust the all-inclusive segment. Read more
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Nevistas & Hotel News Resource - All rights reserved
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