218 Room Oceanfront W Playa Del Carmen Hotel to Open In 2023

Marriott International, Inc. (NASDAQ: MAR) today announced that it has signed an agreement with Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) to bring the W brand for the first time to Mexico’s Yucatan Peninsula. The property is expected to rise on an oceanfront site in Playa del Carmen within walking distance to entertainment, upscale shopping and restaurants.

Radisson Hotel Saint Denis Announced for Reunion Island

Radisson Hotel Group announced the signing of the Radisson Hotel Saint Denis in Reunion Island, the Group's entry into their third Indian Ocean Island. The group is now present in three of the four main Indian Ocean Islands, bringing their Indian Ocean portfolio to seven hotels in operation and under development.

SO/ to Open Its First Hotel in Spain

SO/ Hotels & Resorts, together with Sotogrande SA have signed a management agreement to open the first SO/ property in Spain. SO/ Sotogrande Resort & Spa will reflect the brand's rebellious luxury in this idyllic setting within the Costa del Sol.

Canopy by Hilton Philadelphia | Center City Hotel Opening This Spring

The 236-room hotel will open this spring at 1180 Ludlow Street as part of the East Market development in Center City.

Hotel Industry Development News

The Grand Hotel Birmingham Set to Open in Summer 2020
January, 16 2020
Starwood Capital Group, a leading global private investment group, announced today that The Grand Hotel, housed in one of Birmingham's most iconic buildings overlooking the city's Colmore Row, will once again open its doors to the public in the summer of 2020, following a restoration that will return the city centre landmark to its former glory. continue reading →

MGM Grand Las Vegas Sold for $2.5 Billion
January, 14 2020
MGM Resorts International (NYSE: MGM) today announced that it has entered into a definitive agreement pursuant to which a newly formed joint venture between MGM Growth Properties LLC and Blackstone Real Estate Income Trust will acquire the MGM Grand Las Vegas real estate assets in a transaction valued at approximately $2.5 billion, which represents a multiple of 15.75x rent. continue reading →