Hotel News Resource - Development News Development Hotel Industry News EN Hotel News Resource - Development News Minor Hotel Group Adds Six Camps in Kenya to Portfolio Minor Hotel Group (MHG) announced the addition of six camps in Kenya to its growing global portfolio. This is the result of two of East Africa's most prestigious property portfolios merging, following the acquisition of Cheli & Peacock Group of Companies by the Elewana Collection. Tue, 5 May 2015 17:01:49 EST Courtyard Nashville Downtown Sold to Carey Watermark Carey Watermark Investors 2 Incorporated (CWI 2) announced that it has acquired the historic Courtyard Nashville Downtown, a select-service hotel that includes 192 guestrooms and is located in downtown Nashville within the Printers Alley Historic District. Tue, 5 May 2015 11:59:10 EST Four Seasons Hotel Dubai at DIFC Announced for 2016 Within months of the opening of its first hotel in Dubai on Jumeirah Beach Road, Four Seasons Hotels and Resorts announces the development of a second, complementary location in the heart of the city's International Finance Centre. Tue, 5 May 2015 11:40:00 EST White Lodging to Manage Hampton Inn and Homewood Suites in Downtown Omaha This addition expands White Lodging's managed portfolio to 161 hotels, including three in Omaha, and the company's sixth Hampton property and sixth Homewood Suites. Tue, 5 May 2015 10:02:14 EST Carey Watermark Acquires Hilton Garden Inn and Homewood Suites Dual-branded Hotel in Atlanta, Georgia Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta, Georgia. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. Tue, 5 May 2015 09:04:53 EST Carlson Rezidor Announces Two New Park Inn by Radisson Hotels in Istanbul, Turkey The Park Inn by Radisson Hotel & Residence Istanbul Odayeri and the Park Inn by Radisson Istanbul Atasehir will welcome the first guests in early 2016. Mon, 4 May 2015 12:39:43 EST 160 Room Swissôtel KozaPark Istanbul Announced for 2019 Swissôtel Hotels & Resorts last week announced that it has entered into an agreement with Turkish developer Garanti Koza to manage Swissôtel KozaPark Istanbul, an new property being developed in the city's fast-growing Esenyurt district. Mon, 4 May 2015 11:58:45 EST Colliers International Hotels Q1 2015 INNvestment Canada (PDF Download) The Canadian hotel real estate market was off to a strong start in Q.1 2015 with approximately $730 million in total transaction volume, almost quadruple deal volume from Q.1 2014. Download the report which also includes an article contributed by the Canadian Tourism Commission on Canada’s global tourism performance in 2014. Mon, 4 May 2015 11:08:58 EST Ace Hotel and Theater Downtown Los Angeles Sold for $103.0 Million Chesapeake Lodging Trust (NYSE:CHSP) announced last week that it has closed on the acquisition of the Ace Hotel Downtown and The Theater at Ace Hotel, located in Los Angeles, California for a purchase price of $103.0 million, or approximately $566,000 per key. Mon, 4 May 2015 11:00:37 EST The Statler Hotel & Residences in Dallas Joins Curio Collection Hilton Worldwide and Dallas-based Centurion American Development today announced the signing of a franchise license agreement to open The Statler Hotel & Residences, in Dallas, Texas. Debuting in October 2016, the refurbished landmark hotel will be part of Curio – A Collection by Hilton. Thu, 30 Apr 2015 11:59:42 EST First Call Hospitality, Inc. Assumes Management of Hampton Inn Gainesville, Florida FCH expands its Management portfolio with 100-room Hampton Inn hotel in Gainesville, FL as of April 8, 2015 Thu, 30 Apr 2015 11:31:21 EST Embassy by Hilton Bo’ao to Open in 2019 in China Hilton Worldwide today announced the signing of a management agreement with Syncept Investment Group Co., Ltd for Embassy by Hilton Bo’ao, marking the entry of its Embassy by Hilton brand in China. Thu, 30 Apr 2015 09:35:52 EST 650 Room Nhow Amsterdam RAI Announced As Largest Hotel in Benelux After a competitive tender procedure, NH Hotel Group's project 'nhow Amsterdam RAI' has been chosen as the winning hotel concept by The City of Amsterdam and Amsterdam RAI. The new building will be the largest hotel in Benelux and will be located at the Amsterdam RAI complex, one of the largest exhibition and conference centers in the Netherlands. Thu, 30 Apr 2015 09:32:19 EST Hotel Equities to Manage Premier Hospitality Portfolio of 21 Hotels Hotel Equities recently announced its selection as the management firm for a portfolio of 21 hotels located in Texas and Oklahoma. The portfolio is owned by Premier Hospitality Management, Inc. Hotel Equities assumes management on May 1, 2015, taking its overall portfolio to 90 hotels in 14 states. Thu, 30 Apr 2015 08:32:16 EST Hyatt Regency La Jolla Sold for $118.0 Million Strategic Hotels & Resorts, Inc. (NYSE: BEE), along with its joint-venture partner, today announced it has signed an agreement with affiliates of Walton Street Capital, L.L.C. and JMA Ventures LLC to sell a 100 percent interest in the 417-room Hyatt Regency La Jolla for $118.0 million. Wed, 29 Apr 2015 12:34:57 EST Is Starwood For Sale? Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that its Board of Directors has determined to explore a full range of strategic and financial alternatives to increase shareholder value, and has retained Lazard to assist in the process. Wed, 29 Apr 2015 10:21:56 EST 623 Room Hilton Garden Inn Waikiki Beach to Open Early 2016 Hilton Worldwide yesterday announced plans to open its first Hilton Garden Inn hotel on the island of Oahu, in the sought-after travel destination of Waikiki. The 623-guestroom Hilton Garden Inn Waikiki Beach will be managed by Evolution Hospitality and is on track to open early in 2016 after undergoing extensive renovation. Wed, 29 Apr 2015 10:04:35 EST Westin Manila Sonata Place Announced for 2019 Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) yesterday announced the signing of The Westin Manila Sonata Place and The Residences at The Westin Manila Sonata Place, a new build property owned by Robinsons Land Corporation that marks the Westin brand’s first mixed-use development in Southeast Asia. Wed, 29 Apr 2015 09:55:49 EST Accor Sells 29 Hotels in Germany and the Netherlands Under a €234 Million Sales & Franchise-back Agreement As part of the restructuring of HotelInvest's assets, Accor announces the sale and franchise-back of 29 hotels (3,354 rooms) in Germany (18 hotels, 2,167 rooms) and the Netherlands (11 hotels, 1,187 rooms) for a total value of €234 million. The selling price amounts to €209m. The buyer has committed to a €25m renovation plan. Wed, 29 Apr 2015 09:40:05 EST Montage Los Cabos Announced for 2017 Set within the exclusive new enclave of Maravilla Los Cabos and perched upon the premier beachfront in all of Cabo, Montage Los Cabos will feature 122 expansive guestrooms and suites, along with 52 Montage Residences. Tue, 28 Apr 2015 12:37:49 EST