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Hotel Industry Development News

Hotel Development Riviera Maya

Margaritaville Island Reserve Riviera Maya to Open in Early 2023

The new resort will be the first adults-only all-inclusive property for the brand, which features 355 suites within 13 room categories, nine food & beverage locations, three swimming pools, two pickleball courts, a world-class St. Somewhere Spa, and the first LandShark Brewery in Mexico.

Hotel Development India

IHCL Announces the Signing of Ginger Hotel in Ahmedabad

Indian Hotels Company (IHCL) today announced the signing of a Ginger hotel in Ahmedabad. Located in the heart of the city, the existing hotel will be upgraded to the Ginger brand post renovation. This hotel is an operating lease with Himalaya Elanza Private Limited.

Development News

Stonehill Originates $80 Million Loan for Extended-Stay 12 Hotel Portfolio

Stonehill, a commercial real estate direct lender, originated a $79.8 million, three-year, floating-rate bridge loan for New York-based Churchwick Partners to support the recapitalization and acquisition of a 12-property, extended-stay hotel portfolio consisting of 1,432 rooms.

Hotel Transaction Florida

DoubleTree by Hilton Hotel in Downtown Tallahassee Sold

MCR has acquired the DoubleTree by Hilton Hotel Tallahassee, a 17-story, 242-room hotel in Florida’s state capital. The hotel was purchased as a real estate-owned asset from a special servicer and is the company’s seventh hotel in The Sunshine State.

Hotel Development India

Holiday Inn Gurgaon NH 8 to Open Q1 2025 in India

IHG has signed a management agreement with Oriental Structural Engineers Pvt. Ltd. to develop a new Holiday Inn hotel - Holiday Inn Gurgaon NH 8 in the NCR region. The new-build property featuring 139 keys is expected to be operational by the first quarter of 2025.