As the first IHG hotel in the Emirate, the voco hotel aims to open in 2027. It will comprise 191 rooms, helping boost Sharjah's offering as one of the top destinations in the region.
Purchase of Select Service 143-Key Property Marks 12th Hospitality Acquisition in Current Cycle for Atlanta-Based Real Estate Investment Firm
The 14-story, 157-room Holiday Inn Charleston-Riverview is conveniently located off Savannah Highway and overlooks the Ashley River.
Mumford Company announced today it completed the sale of the Tru by Hilton Rockwall Dallas, located in Rockwall, Texas.
Weekly Hotel Industry Asia Pacific News Roundup from HVS
DSH Hotel Advisors has arranged the sale of the 48-room Super 8 by Wyndham Ormond Beach, Florida for an undisclosed price on July 11th, 2023.
Located in an exceptional area, 250 metres from the long Poniente beach, with 3 km of fine sand, this new ibis Styles will be located in an existing establishment which has been acquired by EXTENDAM and its operating partner DG INVEST HOSPITALIY.
Located at 540 Flinders Street, the 1,971sqm site currently features a two-level office-warehouse with prominent dual frontage to Flinders Street and Flinders Lane.
Wyndham Hotels & Resorts and LuxUrban Hotels, Inc. (NASDAQ: LUXH today announced a newly signed deal to bring 16 LuxUrban hotels, representing approximately 1,400 rooms, into the Trademark Collection by Wyndham brand later this year.
Oxford Capital Group, LLC announces a new long-term lease of the 225-room, luxury lifestyle hotel Thompson Washington D.C. (221 Tingey Street SE), located in the city's historic Navy Yard with the owner of the property, Germany's Union Investment.
Boutique funds management company Serene Capital has expanded its hospitality portfolio with the $41.5 million acquisition of Canberra’s Abode Hotel and Apartments.
A summary of European hotel transactions provided by HVS
DiamondRock Hospitality Company (NYSE:DRH) today announced that it has acquired the fee-simple interest in the Chico Hot Springs Resort, a lifestyle resort in Paradise Valley, Montana and near Yellowstone National Park. The purchase price for the Resort and adjacent ranch is $33 million.
According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms.
Braemar Hotels & Resorts Inc. (NYSE: BHR) today announced the rebranding and planned conversion of its Mr. C Beverly Hills in Los Angeles, California to the Cameo Beverly Hills.
Fordson Hotel is located in the West Village District near Oklahoma City’s downtown and housed in the former Ford Motor Company Assembly Plant, which dates back to more than a century and is listed on the National Register of Historic Places.
Brand set to reinvest $1.5 billion in its portfolio of properties over the next 5 years
The 100-key hotel is located on Club Road, adjacent to Jorhat Gymkhana, the third oldest golf club in the world, and a short driving distance from the airport.
IHG Hotels and Resorts has announced the signing of franchise agreements with subsidiaries of Aqarat, a global hotel owner, in relation to two new Vignette Collection hotels which will launch IHG’s new collection brand to the Middle East later this summer.
IHG Hotels & Resorts has announced the signing of a management agreement with Ginger Tree Goveia to bring a new hotel to Goa, India. voco Goa Arpora is set to open its doors in January 2025.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 91-key Holiday Inn Express & Suites Houston East Baytown, a limited-service hotel asset located in Baytown, Texas.
Sonesta, the 8th largest hotel company in the US, today announced that it added 13 hotels to the company's global portfolio during the first six months of 2023. The new hotels, with a total of more than 1,000 rooms.
DSH Hotel Advisors, has arranged the sale of the 48-room Econo Lodge in North Fort Myers, Florida for an undisclosed price on July 18th, 2023.
The properties are the Courtyard by Marriott Lehi at Thanksgiving Point and the SpringHill Suites by Marriott Lehi at Thanksgiving Point, both in Lehi, Utah, and the Hilton Garden Inn Las Vegas/Henderson, in Henderson, Nevada.
Elise Capital announced today the acquisition of the Holiday Inn Express & Suites Picayune-Stennis Space Center, located in Picayune, Mississippi. This property marks the firm's third hospitality acquisition in the last two years.