HNR Development Update Issue: July, 28 2023 | Read Online
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Weekly Development Update
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New multi-unit deals with established developers expand ECHO Suites' presence in Alabama, Iowa, Nebraska and South Dakota while launching the brand in Canada Read more
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Hotel Development Fort Lauderdale
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Pier Sixty-Six Resort, the centerpiece of a $1 billion redevelopment project by Tavistock Development Company, is a renowned landmark that will reinforce its identity as one of the most esteemed resorts in Florida. Read more
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Accor Signs Milestone Agreement With Ebisu Resort LLC, With 23 Properties set to Join the Group's Hotel Network by Q2 2024 Read more
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One of Aucklands largest hotels listed for sale Read more
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Hotel Transaction New York City
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ffiliates of Paceline Equity Partners, LLC, a Dallas-based private equity manager, today announced that they have acquired the Home2 Suites by Hilton New York Long Island City, an extended stay, all-suite hotel located in Long Island City, New York. Read more
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Through its two houses, Potel & Chabot and Saint Clair, Momense has become the preferred caterer for prestigious events in France and the world over. Read more
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DSH Hotel Advisors announced the sale of the 67-room, interior-corridor Baymont by Wyndham in Lakeland, Florida for an undisclosed price on July 11, 2023 Read more
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Hotel Transaction Pittsburgh
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The Holiday Inn Express & Suites is situated on 1.73-acres at 20 South 10th St. The six-story hotel offers 600 square feet of meeting space, a fitness center, indoor pool and business center. Read more
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Hotel Transaction California
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Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, has arranged a $100 million sale of The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego Countys exclusive enclave of Rancho Santa Fe, CA. Read more
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Hotel Development Saudi Arabia
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Set to open as part of the first phase of development at Triple Bay, the Equinox Resort Amaala will be located adjacent to the Triple Bay Marina Yacht Club. Read more
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Hotel Development Milwaukee
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The renovation, which began in June and is expected to cost approximately $20 million, will feature a full revitalization of the ballrooms and meeting spaces, followed by all-new guest rooms in its historic tower, and conclude with enhancements to the hotels iconic lobby, lobby bar, and Café at the Pfister. Read more
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Hotel Transaction Arizona
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The property spans more than 23 acres on Scottsdale Road and features 378 premium guestrooms, including 12 suites with panoramic views of the scenic areas surrounding Camelback & Mummy Mountains. Read more
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Hotel Development Georgia
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HVS Hotel Management announced it has been selected to operate the to-be-built Wyndham Garden in Forest Park, Georgia. Construction on the property is expected to begin before year-end 2023, with an anticipated completion date of early 2025. Read more
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Hotel Development Florida
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Four Seasons Hotel and Private Residences Jacksonville will offer 170 luxuriously appointed rooms and suites, 26 Private Residences, and four dining and lounge outlets including a signature rooftop restaurant and bar, all-day restaurant, pool bar and grill, and lobby bar. Read more
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Hyde Bodrum will be the first Hyde to offer an all-inclusive experience, as well as the brand's first destination in Turkey, set to open in early 2024. Read more
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The founding families retain a significant interest, with Luis Contreras continuing as CEO Read more
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Hotel Transaction Maryland
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Century Casinos, Inc. (NASDAQ: CNTY) acquired the operations of Rocky Gap for approximately $56.1 million, subject to customary working capital adjustments, and VICI Properties Inc. (NYSE: VICI) acquired an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million. Read more
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Hotel Transaction Virginia
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The property, built in 2008, was purchased by Guests, Inc., based in Strasburg, Virginia, from Highlands of Warrenton LLC, based in Warrenton, Virginia. Read more
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IHG Hotels & Resort has signed a management agreement with Almuhaysin Group to open the first Regent Hotel in the Middle East, in Saudi Arabia. Read more
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Hotel For Sale San Antonio
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CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Holiday Inn Express in San Antonio North Riverwalk Area, Texas. Read more
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