Hotel Industry Development News

Simon today announced it has commenced construction to bring the AC Hotel by Marriott brand to Sawgrass Mills, the largest outlet and value retail shopping destination in the United States. The 174-room hotel is expected to open in late 2020 – a timeframe that would coincide with the shopping center's 30th anniversary. continue reading →

The first two UrCove hotels are expected to open in Shanghai and Beijing by late 2020. continue reading →

The three hotels, the 507-room Hilton Atlanta Airport in Atlanta, Georgia; the 317-room Hilton New Orleans Airport in New Orleans, Louisiana; and the 274-room Embassy Suites Parsippany in Parsippany, New Jersey, are located in non-core airport and suburban markets and had a combined 2018 RevPAR of $109, or approximately 37% below Park’s 2018 portfolio average. continue reading →

Anticipated to open in late 2020, the new Downtown Melbourne property broke ground on June 19, 2019 continue reading →

Waldorf Astoria Hotels & Resorts to Debut in Mexico with Conversion of The Resort at Pedregal continue reading →

The contracted sale price reflects a 17.4x EBITDA multiple and a 5.0% net operating income capitalization rate based on the hotel’s operating performance for 2018. continue reading →

Merger Creates the Largest Owner and Operator of U.S. Gaming Assets continue reading →

Four Seasons Hotels and Resorts, The Congress Group Inc. and AECOM Capital today celebrated the groundbreaking of Four Seasons Hotel and Private Residences Nashville. continue reading →

Super 8 by Wyndham today announced a dream opportunity for young, aspiring designers with the launch of its first-ever ROOM8 Design Challenge. Centered on re-imagining a traditional hotel suite, the challenge looks to bring a fresh perspective to shared hotel accommodations and invites creative applicants to submit original design renderings for what will eventually become the brand's new ROOM8 (pronounced roommate) room concept. continue reading →

Commits to invest $300 million in the U.S. for growth, headquarter talent, competency building and infrastructure development continue reading →