Hotel Industry News - Development

It amazes me during this economic downturn - when hotel values have in some cases declined 50 percent or more and existing properties can be purchased at bargain prices - that hundreds of hotel developers all over the world are still looking to build new projects. - More

The Rezidor Hotel Group announces the Radisson Blu Hotel, Uppsala in Sweden. The property featuring 176 rooms is scheduled to open in 2012. - More

Top U.S. hotel companies are scouting out new brands to expand their reach abroad and keep their best customers from defecting to rivals as new rooms growth slow down. - More

Shangri-La Hotels and Resorts, Asia Pacific's leading luxury hotel group, recently signed an agreement with Chongqing Guest House Co. Ltd. to manage a hotel in Chongqing that is scheduled to open in late 2011. - More

Hersha Hospitality Trust (NYSE: HT), owner of upscale, mid-scale and extended stay hotels in major metropolitan markets, announced that it has refinanced the outstanding debt on its Hilton Garden Inn located in Tribeca, New York City. - More

Orient-Express Hotels Ltd. (NYSE: OEH), owner or part-owner and managers of 50 luxury hotels, restaurants, tourist trains and river cruise properties operating in 24 countries, today confirmed that it has completed its acquisition of Grand Hotel Timeo and Villa Sant'Andrea in Taormina, Sicily from The Framon Group for a combined price of EUR81mi... - More

Company Has Received Strong Interest from Investors and Developers To Partner on Major Redevelopment Effort Starwood Also Plans to Open Six Hotels in New York City in 2010 and launch a $90 Million Renovation of the Sheraton New York Hotel & Towers - More

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that the Minneapolis-based Chambers has joined Le Méridien, the Paris-born hotel brand with an international presence of 105 hotels and resorts. - More

Landmark property will be largest hotel to achieve LEED status - More

Entering Poland with Six New Choice Brand Hotels - More