HNR Development Update Issue: September, 1 2023 | Read Online
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Weekly Development Update
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Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price Read more
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Hotels For Sale Louisiana
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HVS Brokerage & Advisory, in cooperation with Eric Vincent Guerrero, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 78-key Comfort Inn & Suites Houma, a limited-service hotel asset in Houma, Louisiana. Read more
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Both hotels are projected to open in mid-late 2024 and join a rapidly expanding pipeline that will bring 35 additional properties and more than 3,500 rooms to the U.S. in the coming years. Read more
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Hotel Development United Arab Emirates
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Marjan, the master developer of freehold properties in Ras Al Khaimah, today announced the launch of a W Hotel on Al Marjan Island on the back of a collaboration between Marriott International, Inc., and Dalands Holding. Read more
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The property consists of 81 rooms and is located directly off State Highway 350, with easy access to the areas demand generators in the energy industry. The hotel is offered unencumbered of management and debt. Read more
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Scandic Development Update
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The hotels are already part of Scandics pipeline and will open in 2025 in Tromsø, Norway, and in 2026 in Aarhus, Denmark. Read more
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New World Hotels Development Update
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The brands portfolio will reach a total of 18 operating hotels by end of this year with two more slated to open in 2024. Read more
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HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents present the opportunity to acquire the 134-key Four Points by Sheraton Houston Energy Corridor, an exceptionally constructed select-service hotel asset in Houstons Katy Freeway/Energy Corridor submarket. Read more
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Located near Interstate 95 and Philips Highway, the hotel is in proximity to three of the citys largest employment centers: Downtown Jacksonville, JAXPORT, and the Butler Corridor office submarket. Read more
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CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Holiday Inn Express & Suites in Texas City, a suburb of Houston, Texas that allows easy access to both Downtown Houston and Galveston Island. Thanks to its ideal location, the 70-room hotel receives business from a diverse population of both business and leisure segments. Read more
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Hotel Development San Francisco
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Oxford adds Hotel Julian, SoMa House, Hotel Garrett, and Hotel Fiona to their Bay Area portfolio Read more
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Mandarin Oriental recently announced the development of a new luxury resort in Sardinia, located in the north-east of the island in the heart of Costa Smeralda. Set to open its doors in mid-2026, this marks the Group's fourth venture in Italy. Read more
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Accor adds to its portfolio in Italy with the signing of a new franchising agreement with PPN HOSPITALITY, which will see the Grand Hotel della Posta in Sondrio become part of the Handwritten Collection brand, from April 2024. Read more
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The 5-story, 102-room property is being developed by Brandon Tampa investments LLC, the second Cambria Hotel for the developers, and is slated to open in late September 2024. Read more
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Global Construction Pipeline Trend Report
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In the Q2 23 Global Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238, up 3% year-over-year (YOY) by projects and 1% YOY by rooms. Read more
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Hotel Construction Pipeline Middle East
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In the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the region continues to show steady pipeline growth in the second quarter of 2023, with the highest project count since Q1 2020. The total pipeline stands at 597 projects/146,521 rooms, up 10% and 5%, respectively, year-over-year (YOY). Read more
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